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KEYWORDS
Small and medium-sized enterprise,
Financing system,
Ponder and countermeasure
ABSTRACT
Small and medium-sized enterprises occupy an important role in the modern market economy, but they have many insufficiencies in financing system, particularly under the international financial crisis, the macro economy downward pressure keep increasing, the financing system of SMEs encountered new difficulties, which seriously restrict the development and transformation of enterprises. Based on the analysis of the current situation and problems in SMEs, this essay explores the innovative financing countermeasures in the view point of preferential policies, legal system and financing institutions to optimize the financing environment, etc. Furthermore, provide analysis of effective measures to upgrade the financing abilities to promote the sustainable development of small and medium-sized enterprises.
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1 Introduction
Small and medium-sized enterprises are important economic units in national development, however, according to statistics, almost 92.35% SMEs have funding gaps in varying degrees. They lack of the proper access to information and external resources. Their average life span is about 2 to 3 years, nearly 66.67% SMEs cannot survive for the sake of capital chain ruptures or difficulties. With the European debt crisis deepening, the development of global economy is slowing down, the financial risk control elements increases, RMB is facing great pressure of appreciation, foreign trade exports suffocate, and external survival environment of SEMs is worsening. However, in the internal environment, operating costs keep rising, market demand is recovering slowly, and overall business condition is not optimistic. Although, the government has given some support to SEMs, they still have the problems of single financing way, high financing costs and big financing gaps.
2 Impact of the International Financial Crisis on Funding Profile of Small and Medium-sized Enterprises
2.1 Negative influence of financial market
The direct influence of financial crisis on China's banking industry is not serious, but the indirect damage still needs a transition period to surface. Two or three years later, we can explore the financial status from the balance sheets of the state-owned commercial banks. In addition, on the aspect of the export of textile and processing trade, banks' assets will be deteriorated. The proportion of non-performing assets in commercial banks arises frequently, and this situation will be more obvious. The decline...