Research On Financing Strategies For Y City Government To Support Small And Micro Enterprises In The Post Epidemic Era

With the continuous prosperity and development of China’s society,small and micro enterprises have shown a good development trend and have become an important driving force for promoting China’s economic development.They can effectively improve people’s lives,increase employment opportunities,and promote the transformation of economic structure and industrial structure upgrading.However,since the outbreak of COVID-19,the development of small and micro enterprises has suffered a great impact,especially the lack of funds.On March 11,2022,former Premier Li Keqiang of the State Council pointed out at a press conference between China and foreign countries that although small and micro enterprises weigh a thousand pounds,they need to be supported in a timely manner.Small and medium-sized enterprises are the main contributors to employment and taxation,contributing 80% of employment and 50% of taxation.Therefore,supporting small and micro enterprises is to promote employment.Measures to support financing for small and micro enterprises should be further improved to help them alleviate difficulties and develop.With the comprehensive opening up of epidemic prevention and control,China has entered a post epidemic era.The government should help small and micro enterprises quickly overcome difficulties and the shadow of the epidemic,which has profound significance for consolidating and promoting economic development.Based on information asymmetry,financing order theory,and public policy implementation theory,this article conducted a questionnaire survey on small and micro enterprises in Y city.It was found that there are overall financing difficulties for small and micro enterprises in Y city,and the reasons for financing difficulties were analyzed.The main problems faced by small and micro enterprises in Y city are insufficient legal system,financial environment needs to be optimized,insufficient digital level construction,and narrow financing channels.By summarizing the experience of domestic and foreign governments supporting the financing of small and micro enterprises,suggestions and countermeasures for Y city government to support the financing development of small and micro enterprises are further proposed.Mainly including: firstly,improving the legal and policy system for small and micro enterprises,further reforming the financial system,and providing legislative protection;The second is to optimize the financial market environment,strengthen communication between the government,banks,and enterprises,optimize the financing guarantee system for small and micro enterprises,and improve financial quality and efficiency;The third is to enhance the level of digital finance,strengthen the construction of credit information platforms,optimize the functions of Y City’s smart finance platform,and enhance financial convenience;The fourth is to expand financing channels,make private financing behavior more standardized,help enterprises go public,introduce venture capital,and enhance market vitality.