Research On The Financing Channel Of Private Enterprises In Underdeveloped Areas

Private enterprises suffer difficulties in financing.The financing channels of private enterprises are not smooth.Underdeveloped areas of private enterprises financing more difficult,and financing channels are more unimpeded.The current economic development shows that private enterprises are an important driving force for economic development in underdeveloped areas.Underdeveloped areas of private enterprises with its flexible mechanism,efficient corporate governance,clear property rights,strong market competitiveness and other advantages has gradually become the main force to promote the rapid development of the national economy.At the same time,private enterprises play an irreplaceable role in the development of local economy,economic restructuring,scientific and technological innovation,increase social employment,optimize the allocation of resources,increase local revenue,promote market prosperity and social stability.Private enterprises have become one of the most active factors in stimulating the growth of the national economy and the backbone of supporting the development of the national economy.Compared with the private enterprises in the developed regions,the financing structure of private enterprises in underdeveloped areas is unreasonable,the financing channel is narrow and the financing gap is large.This series of problems severely restrict the development of private enterprises in underdeveloped areas,which leads to the backward economy in underdeveloped areas and forms a vicious circle.The financing of private enterprises in underdeveloped areas is not only restricted by their own factors,but also influenced by many external factors.Private enterprises' own "congenital conditions" is poor,and the transparency of information is not high.It affects the financial institutions of financing confidence.The lack of collateral for collateral prevents banks to avoid risk.In addition,financial development in underdeveloped areas lags behind economic development.Institutional environment is poor,and financial institutions are influenced by government intervention.The credit system is imperfect.Financial institutions are lack of competition.Guarantee system and credit evaluation system are not perfect.These factors further aggravate the degree of financing difficulties and unimpeded financing channels of private enterprises in underdeveloped areas.So that the problem of financing channel becomes the constraint of underdeveloped areas,and thus it becomes the obstacle of economic development in underdeveloped areas.The enormous development potentiality and important economic status of private enterprises in underdeveloped areas and their corresponding financing situation have formed a great contrast.This shows that the financing environment of private enterprises in underdeveloped areas urgently needs to be perfected,the financing channels of private enterprises need to be expanded.Otherwise,China's private economy will be unsustainable,and China's economy is sustained,stable and healthy development will become empty talk.Based on the problems existing in the financing of private enterprises in underdeveloped areas and its influencing factors,the concrete measures to alleviate the financing channel problem of private enterprises in underdeveloped areas are of great practical significance.Therefore,this paper proposes to determine the reasonable,considering the regional particularity of the capital structure in the underdeveloped areas,and improve the corporate governance structure of private enterprises,and improve the corporate governance environment of private enterprises;establish the loan risk compensation fund for private enterprises;construct and perfect multi-level capital market;develop the private enterprise credit guarantee system,improve the private enterprise's exclusive financing products,promote the healthy development of private enterprises in underdeveloped areas,thus promote the comprehensive,coordinated and sustainable development of regional economy in underdeveloped areas.On the basis of predecessors' research results,this paper uses the theory of enterprise financing,and combs the financing theory,capital structure,system system,financing constraints and other related literature.This paper summarizes the mechanism of private enterprise financing channel,and tries to expand the theory.This paper analyzes the individual from the whole.This paper takes the private enterprises in underdeveloped areas as the research object,respects the objective,revolves around the facts and analyzes its regional characteristics.Taking the development situation of private enterprises in Guangxi as an example,the author analyzes the problem of financing channel of private enterprises in underdeveloped areas by theory and practice.At the same time,the problem of financing channel of private enterprises in China is comprehensively expounded,and the problems existed in the financing channels of private enterprises in underdeveloped areas are put forward,and the influencing factors are found out,measures and countermeasures are proposed to alleviate the financing channel of private enterprises.This paper aims to create a good financing environment for the development of private enterprises in underdeveloped areas,alleviate the financing constraints of private enterprises in underdeveloped areas,and thus play the role of private enterprises in the development of our national economy better.