Research on the Current Situation and Problems of Financing for Small and Medium-sized Enterprises in Haikou
Download PDF
$currentUrl="http://$_SERVER[HTTP_HOST]$_SERVER[REQUEST_URI]"

Keywords

Haikou
Small and medium-sized enterprises
Financing situation

DOI

10.26689/pbes.v8i2.10276

Submitted : 2025-03-30
Accepted : 2025-04-14
Published : 2025-04-29

Abstract

The establishment of Hainan Free Trade Port provides a new opportunity for the financing of small and medium-sized enterprises. In the process of the country continuously promoting the development of a free trade port, the financing environment of small and medium-sized enterprises has gradually improved, and the financing environment has been greatly improved. But the small and medium-sized enterprises “financing difficult” “financing expensive” problem still exists. The problems of difficult and expensive financing of small and medium-sized enterprises in Haikou city have their reasons as well as the influence of external environmental factors. Therefore, to better solve the financing problems of small and medium-sized enterprises in Haikou, this paper analyzes the reasons for the difficulty and expensive financing of small and medium-sized enterprises according to the existing research results and summarizes the financing experience of small and medium-sized enterprises at home and abroad. This article finds that the financing systems for small and medium-sized enterprises (SMEs) in developed countries are relatively well-established, and both the government and society offer significant support to SMEs. Therefore, this paper believes that the government should adjust the business strategy to improve the financing ecological environment and enhance the financing ability of SMEs. The government should take the lead in perfecting the guarantee system, continuously improving the credit information system of enterprises and various financial service institutions, promoting the opening and institutionalization of private credit, and developing Internet finance.

References

Guo R, Gu W, 2020, Innovative Practices of Digital Inclusive Finance. China Financial Computer, (6): 33–36.

He Y, Wang Y, 2018, Discussion on the Path of Inclusive Finance for Rural Development in Anhui Province from the Perspective of Internet Finance. Business Economics, (12).

Zhang X, 2020, Analysis on Innovation Practice of Digital Inclusive Finance. Economic Management Abstracts, (15): 16–17.

Chen G, 2022, Research on Financing of SMEs Supported by Huaian City Government, dissertation, China University of Mining and Technology.

Chen X, 2019, Research on Credit Granting of SMEs in Supply Chain Finance in Hainan Province under the Background of Free Trade Zone (Hong Kong). Shopping Mall Modernization, (05): 52–53.

Xiao W, 2021, Can Digital Inclusive Finance Improve the Unbalanced and Inadequate Development? Economic Review, (5): 50–64.

Guo C, 2019, Research on the Status Quo and Problems of SME Financing. Modern Marketing (Information Edition), (11): 12–13.

Chen Y, 2023, Research on Evaluation of Shaoxing Government’s Financing Support Policy for Small and Medium-sized Enterprises under the Impact of Epidemic, dissertation, Zhejiang University of Chinese Medicine.

Gu D, 2022, Analysis on Financing Status Quo and Problems of SMEs in China — Taking Company A as an Example. Continental Bridge Vision, (03): 58–59.

Xu F, 2020, Analysis on Financing Situation and Financing Problems of SMEs in Anhui Province. Times Finance, (24): 20–21.

Zheng Y, 2022, Legal Problems and Countermeasures of SME Financing Status Quo. Modern Enterprise, (04): 98–99.

Yu J, 2020, Research on Financing Problems and Countermeasures of SMEs — Taking Jiangxi Province as an Example. Guangxi Quality Supervision Guide, (11): 140–141.

Wang M, 2020, Research on Financing Problems of Local Government Support for SMEs in Science and Technology, dissertation, Tianjin University of Finance and Economics.

Fang S, 2020, Current Situation, Problems and Countermeasures of Government Support for SME Financing, dissertation, University of Jinan.

Zhang Y, Xu H, 2019, Optimization and Selection of High-level Talent Introduction Mechanism in Hainan Free Trade Port: Based on Flexible Talent Attraction Perspective. Vitality, 41(19): 61–63.