The Research On The Financial Policies Implementation Support For Micro And Small Enterprises Of The Government Of Suzhou

As a new driving force in the development of the domestic economy,Micro and Small Enterprises have a high level of flexibility and market adaptability.Micro and Small Enterprises serve a critical role in facilitating employment,increasing the income of citizens,and improving people’s living standards.As a city with an extremely rapid development of Micro and Small Enterprises,Suzhou has developed rapidly and achieved remarkable results in recent years,however,narrow financing channels and high financing costs are prominent problems,which are common problems faced by Micro and Small Enterprises in Suzhou,and have become the "roadblock" to prevent their sustained,rapid and healthy development.Among these reasons,there are not only the Micro and Small Enterprises themselves,but also the influence of policies and macro-control.In this paper,the most important reasons are the insufficient financial support for the development of Micro and Small Enterprises,the incomplete establishment of the mechanism system,and the inadequate follow-up of financial services.Firstly,the research paper uses three significant theories,Market Failure Theory,Government Intervention Theory,and Policy Implementation Theory,as perspectives.Also,combining with the methods of Literature Research and Comparative Analysis to conduct a systematic and comprehensive analysis of the current situation and existing problems.By using these theories and models for analysis,this paper summarizes several reasons for the financial policy of the Suzhou government to support Micro and Small Enterprises.For the next step,this paper discusses the ways to optimize the countermeasures of the Suzhou government’s financial policies implementation to support Micro and Small Enterprises,which allows the firms to develop healthily and steadily.The author believes that the optimization and adjustment of policies can also give full play to the vitality and innovation ability of Micro and Small Enterprises in market competition.This paper points out the implementation problems of financial support policies for Micro and Small Enterprises by the Suzhou government.The five major issues are:insufficient implementation of support policies,the continued difficulty of financing for Micro and Small Enterprises,the weak credibility of the credit system for Micro and Small Enterprises,the development of science and technology finance being confronted with bottlenecks,and the slow progress of Internet finance.When combined with the theoretical knowledge of public management,this paper puts forward a few countermeasures to solve the problems,such as innovating the financial service mode,optimizing the financial service environment and the environment of scientific,technological financial services perfecting the credit system of Micro and Small Enterprises and improving financial supervision policies.Therefore,it is urgent to improve the current financial support policy system for Micro and Small Enterprises in Suzhou,so as to give play to the guiding role of the policy system and promote the prosperity and development of Micro and Small Enterprises in Suzhou.