How the Government financing for SMEs _7462

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How the Government financing for SMEs

Institutions with small, small branches of the characteristics of SMEs in the service has a unique advantage. Their local small and medium-depth understanding of business conditions, to overcome the large financial institutions for SMEs, the difficulties in gathering information, the loan costs much less. On the one hand to develop and improve the existing small and medium financial institutions, should non-state small and medium financial institutions to open their markets to them with the same treatment as state-owned commercial banks. The formation of effective competition, the management system reform. Change their operational mechanism, the formation of different types of financial institutions to full competition to find a financing services for small and medium blood of the atmosphere; the other hand, the Government need to give small and medium financial institutions in some of these support policies,[link widoczny dla zalogowanych], such as the central bank should increase small and medium financial institutions The re-lending efforts to allow small and medium financial institutions for bank acceptance bill business, reducing business tax, income tax. These small and medium financial institutions will be the current and future development of the financial system, the backbone of support for SMEs. 2. Establish and improve the SME credit guarantee system. Spread the risk of financial institutions currently financing of SMEs is not the most outstanding performance to provide an effective, full warranty. This is because small and medium enterprises with small-scale, business instability, lack of credit, inadequate security features of the decision. From the demand side, some high-tech development and application projects, export projects, international projects,[link widoczny dla zalogowanych], projects in line with national industrial policy, fork is in urgent need of security projects. In view of the financial resources and the distribution pattern of the government, should establish a Government-organized security agencies based diversified security system. Such as private joint-stock membership. At present, China's security sector is basically , objects to make institutional arrangements and risk prevention. gradual establishment of national and provincial levels risk guarantee fund and re-guarantee institutions, security agencies on the re-guarantee business to spread the security risk. to support the normal operation of security institutions and development. for small and medium from corporate finance, 48 the level of financial support given to SMEs. 4. Development of new small and medium enterprises to actively and steadily the porcelain market. Broaden the financing channels of the 20th century since the 90s. Many developed countries (regions 1 are efforts to explore new ways of financing SMEs. To create and expand the two rice market financing for SMEs, such as the U.S. NASDAQ market, the UK's AIM market, Hong Kong's Growth Enterprise Market, etc.: In view of the capital market in China the status quo. the Government should relax and adjust the size of the company issuing shares limit set in the motherboard market, high-tech board; or when conditions established in the second board market. to provide more financing channels for SMEs, from access to capital markets low-cost funds. grown more Little Giant. conduct to guide the direction of investment. to seek government forces and the best combination of market forces. to ensure the healthy development of small capital market. 5 Support the development of relevant policies bearing in mind that other measures. to overcome the long-standing policy on SMEs in the weak position of SMEs as urgent need for rapid development of the group. only through preferential policies, to achieve extraordinary development. include: (1) tax incentives. According to the actual situation of SMEs and the national industrial policy,[link widoczny dla zalogowanych], especially for science and technology, entrepreneurial,[link widoczny dla zalogowanych], community service export profile type sink and pillar industries supporting the preferential enterprise implementation of a comprehensive political section. (2] investment preferential policies. from the central and local government expenditure as part of special arrangements in the capital, on the development potential, in line with national industrial policy objectives SME Direct Investment (3) lead the industry to establish autonomous institutions. The Government through the lead, guiding role,[link widoczny dla zalogowanych], and gradually developed into the private sector, self-regulatory organization, to establish self-financing service system for SMEs, and with the small role of the government between enterprises and bridge. [4] to establish and improve the social credit system, strengthening the concept of corporate credit in order to determine whether credit rating financial institutions, loans and guarantees for SMEs to overcome the time-consuming problem of credit investigation, credit for financial institutions provide important reference for financial institutions to enable SMEs to enter the ranks of credit options. (Department of Lanzhou University, Graduate School of Economics and Management)