Research On The Implementation Of The Government’s Policy To Support The Financing Of Small And Micro Enterprises

As the main body of emerging markets,small and micro enterprises play a key role in solving China’s labor employment,increasing economic vitality and activating the product market with the characteristics of flexibility and efficiency.According to the announcement of the press conference of the all China Federation of industry and Commerce: in 2019,China’s small,medium-sized and micro enterprises accounted for more than 65% of the national economy,more than 50% of China’s tax contribution and more than 68% of China’s exports,which solved more than 75% of China’s employment.Small and micro enterprises play an increasingly important role in China’s economic development.Although China’s small and micro enterprises have made great contributions to economic development,due to their weak asset strength,poor credit environment,extensive operation level and insufficient profitability,small and micro enterprises have always faced the problems of difficult and expensive financing in their growth.It has seriously hindered the sound development of small and micro enterprises and plagued China’s small and micro enterprises for a long time.Although since2010,the Ministry of finance,the people’s Bank of China,the banking and Insurance Regulatory Bureau and other institutions have begun to issue a series of policies to support the development of small and micro enterprises,the financing availability of small and micro enterprises in commercial banks has been improved to a certain extent,and the financing bottleneck in the process of their development has been alleviated,but this problem has not been completely solved,and a large number of small and micro enterprises in the field of financial institutions have not received corresponding support.After the outbreak of COVID-19 in 2020,the economic market was greatly affected.A large number of small and micro businesses could not afford to carry the impact of the epidemic and face bankruptcy liquidation.In response to the market crisis,government departments have introduced a number of financial measures to promote commercial banks to support the financing of small and micro enterprises.The implementation of these policies has helped small and micro enterprises tide over the difficulties and the economy gradually recovers to a certain extent.However,how to make the policies supporting the financing of small and micro enterprises develop sustainably will be a very important topic with strong practical significance.Under the guidance of information asymmetry theory,this thesis,based on the analysis framework of Smith policy implementation process model,uses literature analysis method,case analysis method,interview method and other methods to start from the financing situation of small and micro enterprises of J Bank,and based on the information captured from the daily communication between grass-roots loan officers and small and micro enterprises.Innovation adopts a micro perspective to study the last kilometer of the implementation of financing policies to support small and micro enterprises.Through sorting out the financing policies supporting small and micro enterprises in China and combining with the empirical analysis of the financing situation of small and micro enterprises in J Bank,the main problems existing in the implementation of the financing policies supporting small and micro enterprises by the government are revealed from the four dimensions of policy content,implementing agencies,environmental factors and target customers.The survey found that the main problems existing in financing of small and micro enterprises are the lack of supporting policies for small and micro enterprises and the lack of system,the lack of supervision by regulators,the lack of initiative of commercial banks,the lack of digital environment,the lack of credit environment,distorted market atmosphere,the weak position of small and micro enterprises and other related problems.By analyzing the problems existing in the above four aspects,research policy time is short,regulators are lack of unified leadership,commercial Banks lack of endogenous power,regulators poor regulation,government functional departments have no power,policy propaganda is insufficient,the legal system is not sound,enterprise development law of nature is the main cause.Through to the present situation analysis,found that is insufficient,reason analysis,comparison and draw lessons from foreign small and medium-sized U.S.agency financing system of integration of mechanical empowerment,Japan,Germany and the domestic taizhou private banking system based on relationship lending,jiangxi pioneering "fortune garden via credit" financing guarantee system such as mature experience and practice,to improve the optimization of government support to small micro enterprise financing policy,The following suggestions are made from four dimensions.First,in terms of policy content,there are mainly: optimizing policies and improving supporting policies;Legislation actively,establish market confidence;Change assessment,stimulate bank motivation.Two,in the implementation of the main agencies: supervision to strengthen leadership,to implement the main responsibility;Government departments to strengthen cooperation,information construction and sharing;Government and banking enterprises should strengthen information feedback and form a benign platform for mutual feedback.Step up efforts to resolve non-performing loans;Regulatory innovation and platform innovation.Third,in terms of environmental factors,it mainly includes: enriching diversified financing channels and improving market system;Strengthen market propaganda and guidance,purify financial ecological environment;Strengthen punishment measures for trust-breaking to create a good atmosphere.Iv.In terms of target customers,it mainly includes: strengthening training efforts to improve the operation level of small and micro enterprises;We will give full play to social synergy to help small and micro businesses grow.