Research On Financing Matching Of Small And Medium-sized Enterprises

As an necessary element of the national economic system,small and medium-sized enterprises(SMEs)have made great contributions to the country in China or even abroad.But SMEs financing amount in the total finance amount is extremely meager.According to the national economic data and extensive research,SMEs characteristics such as the limitation of scale,low risk tolerance,volatile performance and the lack of credit guarantee,etc.lead to their credit financing difficulties.The difficulties in financing and the high cost to some extent seriously hampered the progress pace of SMEs.However,after research we find a main reason is their failure in financing gap analysis,failed to find out proper financing channels and products.In other words,these SMEs didn't do corresponding research and lead to financing difficulties as a result.The developing innovative financing channels cleared obstacles in SMEs financing with variety of means,the financing channels have been extended.This development put persistent pressure on the traditional financial institutions and services,push the banks and other institutions to transform their business to provide more financial support for SMEs.The purpose of this paper is to establish a matching-based supply and demand model to better solve the financing problems of small and medium-sized enterprises,and find the best matching points from different financing varieties through the systematic analysis of the fund demand side,the bank side and other financing channels,combined with the enterprise life cycle theory.From the enterprises view,it is a self-service credit institution or customer manager,which provides reference for decision-making,estimates financing cost and maturity of different products,and set reasonable repayment deadline.From the supplier view,it is a simple tool of screen SMEs customers and identify target customers,improve the fund primary audit efficiency and save labor cost.From the overall application point of view,it suggests to establish a national sharing network based on big data of SMEs collection and screening to provide reasonable suggestions to the lender of demander,or as a simple tool for financial structure adjustment,assets adjustment,financial products selection and financial mode selection.The data of financial procedure and money flow record even can be used as a useful supplement to the credit information system of the people's Bank of china.With the block chain technology to accelerate decentralization,eliminate the information asymmetry and get the financing matching balance.