The Study Of Financing Difficulty Of Small And Medium Enterprises In Zhejiang Province And Its Suggestions

From the domestic to the foreign areas,small and medium enterprises(Smes)in most countries generally face financing problems.Since the reform and opening up,China's small and medium-sized enterprises have been developed quickly and it made a great contribution to the growth of the national economy,the promotion of labor and employment,domestic science and technology innovation.Especially in Zhejiang Province,where the number of small and medium-sized enterprises is huge,economic performance is particularly active.Although the government of Zhejiang province has made a series of policy to promote and support the development of Smes,including the promoting its financing environment,but the Smes also need to face the financing difficulty,which is also the difficulty of other countries and this problem has limited the Smes' development.On the base of collecting and analyzing large amounts of data,this paper attempts to describe and characterize the financing situation,dilemma and policy environment of Smes in Zhejiang Province accurately,and absorb the core views of Asymmetric information theory,the Financial cycle theory of Smes and the Relational lending theory,through the method of deduction and induction to analyze the mechanism of Smes'financing problems in Zhejiang province.Therefore,this paper,combines with the current reform and policy,puts forward three optimization paths to alleviate the financing difficulties of Smes:Firstly,to improve the Smes'own strength,from product management,property management to credit management,and comprehensively enhance their own strength and credit;secondly,to construct SME credit system,by establishing and improving the corresponding laws and regulations,building indicators of credit system and promoting the development of SME credit rating agencies;thirdly,to deepen the reform of financial system and to optimize the financing environment for Smes,including promoting multi-level financial system construction,guiding the development of civil society organizations,regulating the rectification of the Internet lending platform etc.