Of solving the problem of financing of measures for SMEs

Abstract: This paper analyzes various angles the question of financing of SMEs, particularly after the outbreak of the financial crisis brought about by the series of negative effects, and the corresponding solutions.

Keywords: financial channels, financial support policies

SMEs in the economic landscape of our country plays a very important role for China's economic development has made tremendous contributions. According to statistics, the number of SMEs in China has accounted for all the number of businesses registered for 99% of the total industrial output value and profits and taxes were also accounted for 60% and 50%, the annual export rate of foreign exchange is a staggering 68%, and the digestion and absorption of 75% of urban employment opportunities. SMEs have increasingly become a major force for economic development in China . Since then, the sense of how to solve the financing problem of SMEs, to promote the healthy and rapid growth of China's economy and maintain economic diversity and richness of pattern and provide more employment opportunities, etc., with major political, economic and social significance. But the problem of financing of SMEs in China, has long been restricted and affect its healthy development of one of the key factors, especially from the financial crisis of 2008 broke out, the problem of financing is more apparent in the market and double the funds Under pressure, some companies are Road to cut, cut and even bankruptcy to address the financial crisis hard winter.

SME financing difficulties caused by many aspects, both historical, there are now, both internal factors. But also external factors. First of all, from the micro side, the small size of SMEs in China, operating risk, credit capacity, and financial system is not sound, less collateral, it is difficult to find suitable sponsors and other issues that appeal to small and medium congenital lack of funds, followed by the macro environmental point of view, the current system and structure of our country is in a double transition, the country's financial policies and capital used to support the flow of most large and medium enterprise development and major projects related to people's livelihood and the construction, support for SME development is not enough, the development of the financial system is not perfect, financing channels are too narrow, single, high thresholds for approval and approval procedures cumbersome, time, high costs and poor management of their own existence, the financial system is not perfect, and innovation ability of SMEs to financing and other issues is also specific problems faced by the process. I believe that to effectively solve the financing of SMEs problems, it should be from the following aspects.


1 to build a sound policy and legal security system

Although the development of SMEs in China and introduced a series of policy and regulatory support, but it seems obvious from the reality lags behind the pace of development and needs of SMEs, especially in the Law, existing Laws for SMEs provisions, such as <<SME Promotion Law "> and the associated <" Anti Unfair Competition Law "," and "<Township Enterprise Law"> and other legal provisions, although to some extent, protect the interests of small and medium enterprises, promoting its development, but these provisions of the practical problems of financing for SMEs, there is no specific measures. particularly in the financial credit, financing, lack of foreign capital in particular is the corresponding implementing rules and protective measures. and all aspects of development for SMEs policy and financial support can not do without legislative support. Therefore, we must speed up the credit system and the financing of SMEs in the legislation, as soon as relevant organizations to develop SME financing specified in the credit laws and regulations. and can be considered from the following aspects: First, , to divide the classification of SMEs, SMEs clearly defined method. Secondly, various financial institutions to clear the credit system for SMEs in the role and functions of the development of specific management practices of SMEs loans and incentives. Third, we must to implement the Government's financial resources to support SME lending channels, the implementing agency and management.


2 to establish and improve the credit guarantee system for small and medium enterprises financing

Should be based on the actual situation in China and foreign advanced experience and practice, adhere to "policy of the funds, corporate management, market operation," the basic principle. To form a government guarantee-based and other forms of security co-existence of credit guarantee system for SMEs . the establishment of various forms of credit guarantee agencies and open up multiple channels to raise funds secured by the government, intermediary organizations, enterprises and banks jointly established SME Loan Guarantee Fund, to establish a government loan guarantee fund for the development of good through their assessment of small provide government guarantees for SMEs to establish a common guarantee fund by the government to guide, regulate the security of resources between enterprises. encourage enterprises to implement a membership-based inter-linked insurance, which form a complete guarantee system for SMEs. Meanwhile, financial institutions to improve services, simplifying procedures for small business loan mortgage, lower standards and conditions, may be appropriate to expand the effective range of mortgage allows the property and intangible fixed assets as collateral. guarantee funds to implement the Government's financial start, the parties to investment, risk and profit sharing.


3 to establish a limited financial compensation mechanism and various preferential policies

According to the central and local governments should support the use of active fiscal policy to ensure that the financial investment on the strength of SMEs and to increase every year. The government budget should be allocated annually from certain funds, corporate finance and risk compensation as a special fund, the main SMEs need support for the issuance of interest-free, discount and low-interest loans, banks and security companies on risk compensation and the critical enterprises run out of cash emergency assistance. You can also come from SMEs to a certain percentage of total tax revenue Guarantee Agency funds for the risk compensation fund, to form a support - Collection - a virtuous circle of support, to better serve the healthy development of SMEs. particularly the small enterprises to survive in the current difficult environment, the Government should as soon as possible concessions and exemptions related to the introduction of specific policies, zoom function and the government's Blood Transfusion "Fangshuiyangyu." so that companies can live well together.


4 Professional Business Bank, established

Mature from the experience of international and operational level, the establishment of professional services in small and medium financial institutions to solve the financing difficulties of SMEs is one effective method. According to China's actual situation, the government set up under the guidance of SME policy and commercial banks. policy banks mainly to solve the initial process of development of SMEs and venture investment in fixed assets and other aspects of the demand for long-term loans, interest-free payment for that type of business, low interest and subsidized loans. but can also in the government under the guidance of the joint-stock banks, urban cooperative banks and rural credit cooperatives reform the development of established commercial banks. into full play and the use of flexible mechanism, these regional banks, the diversity of management style, practicality and more familiar with the advantages of the local economy, more Good for SMEs. the financial management of SMEs should be from the actual situation of China's scientific development of credit management system and the credit rating system, it is necessary to establish a strict on the financing of the main credit risk control and credit review of debt capacity , credit delivery and credit accountability system to avoid power relations such as loans and lending losses caused by the blind, but also the appropriate mechanism for establishing credit incentives and appropriate reward mechanism for delegating powers and benefits, this can not change the current lending between banks and enterprises are unwilling to the status of credit and can not be credited. reposted elsewhere in the Research Papers Download http://www.hi138.com 5 to regulate the management of private capital markets expand, so that the legalization of private financing

Face of local financial institutions and private lending market, and the presence of the legalization of the rationality and necessity, further emancipate the mind, to be creative, to develop local financial institutions and the gradual lifting of private lending market and broaden direct financing channels for SMEs. In policy and within the scope permitted by law, relying on government policy guidance, macro management, strengthen supervision, standardize business basis, to encourage their access to capital markets to compete, to form a variety of financial-format multi-level, three-dimensional financial structure. in order to gather more capital nature, and further solve the financing problem of SMEs to support the healthy development of SMEs. the establishment of SME trade associations or unions, the implementation of mutual aid of membership management. Association or a member of the alliance together the establishment of a mutual fund investment management, primarily to address the shortage of funds between members difficult. When members of Mutual Funds of funds can not meet the need, but also through loan guarantees among members, etc. to be addressed.


6 accelerate the construction of integrated services to support SMEs development system

In accordance with the social, professional, market-oriented, and actively support the development of various social service agencies, focus on promoting business counseling, credit guarantees, public information, technological innovation and maintain the interests of "Big Five" service platform. Give full play to its link government and the role of bridge between enterprises, to strengthen the various types of intermediary service organizations, organize and guide service offering innovative services, improve service practices, reduce service costs, thus forming a multi-level, comprehensive social service system for SMEs to provide public welfare, enabling services.


Between 7 SME efforts to increase integration and mergers

In the current tough economic situation, SMEs should abandon the traditional conservative ideas, the reality of the enterprise survival and future development of the most important position, through the complementary advantages, the strength of complementary combination, etc., in solving the financing difficulties At the same time, maximize the management, technology, marketing, human resources, information, resource sharing and optimization of logistics, configuration, and enhance the competitiveness of SMEs and the anti-risk ability.


8 Lianhaoneigong enterprises to improve their own quality, and enhance the competitiveness of enterprises

Establish a scientific management system has gradually shifted from extensive, intensive and standardized aptitude disorder transition conversions. In terms of financing, in particular, to regulate the financial management and supervision system to ensure the authenticity of the information, accuracy, improve the transparency of corporate information and corporate legal guarantees for loans, and enable legitimate business enterprises, and through business reengineering, competitive activation mechanism, enhance the competitiveness of enterprises. Links http://www.hi138.com Research Papers Download