Research On Financing Service Innovation Of N Bank For Small And Medium-sized Enterprises

Since the reform and opening up in the 1980 s,small and medium-sized enterprises have been undertaking an important part of the national economy.Especially in recent years,the healthy development of small and medium-sized enterprises is crucial to promoting China’s economic development and social stability.According to the data of China’s statistical yearbook,domestic small and medium-sized enterprises have paid 80% of business taxes and provided 80% of jobs.In particular,small and medium-sized enterprises represented by "specialized and innovative" will play an important role in China’s future market economy.The people’s Bank of China requires local financial institutions to solve the financing difficulties of small and medium-sized enterprises through financing service innovation.The reason why the government has introduced many supporting policies is that small and medium-sized enterprises have the shortcomings of small scale,few assets and low credit rating,which makes it difficult to solve the problem of enterprise liquidity through traditional financing channels.Therefore,how to effectively solve the financing problems faced by small and medium-sized enterprises may become an important factor determining the high-quality and rapid growth of small and medium-sized enterprises.As a commercial bank focusing on serving small and medium-sized enterprises,n bank has launched a series of financing products such as tax loans and science and technology loans through the application of financial technology.The innovative applications of these products are summarized as follows:multi-dimensional supplement the breadth of information sources and improve the richness of information,and then effectively process information to alleviate the problem of information asymmetry between banks and enterprises.Firstly,this paper combs and summarizes the relevant literature,clarifies the needs of small and medium-sized enterprises in financing and the internal reasons for the difficulties in analysis,the advantages and disadvantages of the existing coping model,as well as the business model and product low-level logical innovation brought by fintech innovation to commercial banks.Combined with the theories of information asymmetry,credit risk and credit rationing,this paper analyzes the characteristics of financing needs and financing channels of small and medium-sized enterprises,and explores the root causes of financing difficulties.Finally,taking n bank as an example,this paper discusses the innovative countermeasures of financial technology on financing services,analyzes the application cases of tax loan,fast loan,technology loan and other products,excavates the operation mechanism behind it,and studies its feasibility,so as to provide reference significance for other commercial banks to develop new credit products.