The Problems And Countermeasures Of Financing For Small And Medium-Sized Enterprises In Beijing-Tianjin-Hebei Region

The financing difficulties of small and medium enterprises(SMEs)are a widespread concern and persistence.Since the implementation of the Beijing-Tianjin-Hebei region coordinated development strategy,coordinating the balanced development of the SMEs and narrowing the financing differences between the SMEs and large enterprises is of great significance to promoting the innovation and entrepreneurship of the SMEs in Beijing-Tianjin-Hebei region,increasing the total tax revenue of the state and providing more employment platforms.As a particularly active subject in the market economy,the Beijing-Tianjin-Hebei SMEs have unique advantages in geographical location and resource endowment,but there are still common problems in financing,such as narrow financing channels,high financing cost and low financing efficiency.Due to the imperfect guarantee system,inadequate capital and incomplete management mechanism,SMEs cannot meet their demand for funds only through endogenous financing channels in the process of operation and development.SMEs also need to obtain external financing through bank equity,mortgage guarantee or other emerging technologies.China is a big manufacturing country,and SMEs are the most dynamic part in the market economy.Improving the financing dilemma of SMEs in Beijing-Tianjin-Hebei region is of great practical significance for optimizing the financing structure,improving the financing environment of the three places,implementing the coordinated development strategy of the Beijing-Tianjin-Hebei region,and guiding the economic detachment.At this stage,most of the SMEs in Beijing-Tianjin-Hebei region rely on banks as the main source of external financing,which greatly limits the financing scale of the SMEs in the three places and constrains their benign operation.The in-depth development of the Internet has opened up innovative financing methods for SMEs in Beijing-Tianjin-Hebei region.Inclusive finance will also use better financial facilities and lower costs to help exclude SMEs from the formal financial system.The country gradually recognizes the importance of patents and innovations,and allocates special funds to support the technology research and development of the SMEs,and provides greater development space and opportunities for the financing of the SMEs in Beijing-Tianjin-Hebei region.This paper mainly uses qualitative and quantitative analysis and comparative analysis.Through studying and drawing on a series of research summaries at home and abroad,this paper analyzes and compares the financing dilemma of SMEs in Beijing-Tianjin-Hebei region and proposes corresponding solutions.First of all,this paper defines SMEs andfinancing,and lays a theoretical foundation for the following analysis based on the MM theory,the financing order theory,the financial growth cycle theory and the financial gap theory;Secondly,this paper analyzes and introduces the main financing methods of SMEs in Beijing-Tianjin-Hebei region.By looking up the relevant data to analyze and calculate the chart,we can draw the conclusion that the SMEs in Beijing-Tianjin-Hebei region have a sluggish development at the stage,the competition in the financing resources of the three places is fierce,so the financing environment in Beijing-Tianjin-Hebei region still needs further improvement and governmence.Thirdly,this paper points out that the SMEs in Beijing-Tianjin-Hebei region face the dilemma of narrow financing channels,high financing costs,low efficiency of financing allocation,and shortage of internal talents.Through analysis,the main reasons for the financing dilemma are the different choices of financing methods in the growth stage of SMEs and the difficulty in matching banks and enterprises under the information asymmetry.Finally,the Beijing-Tianjin-Hebei region compares with the United States,Japan,and Germany,which are more successful in financing management and governance of SMEs,and concludes that China should further deepen financial system reforms,such as improving policy-based financial institutions and financing support systems.China should also adopt measures such as setting up a special fund to support the innovation of SMEs in science and technology,and building a docking platform for political and financial enterprises to further reduce the pressure on the financing difficulties of SMEs in Beijing-Tianjin-Hebei region.