Keywords
Financing for small and medium-sized enterprises
Financial institution
Submitted : 2024-07-29
Accepted : 2024-08-13
Published : 2024-08-28
Abstract
As an important force in promoting economic and social development, small and medium-sized enterprises play a crucial role in enhancing China’s economic strength, creating employment opportunities, and promoting industrial structural transformation. However, due to their inherent weaknesses, small and medium-sized enterprises often face difficulties in financing within the traditional financial service system. This makes it difficult for small and medium-sized enterprises to inject vitality into the development of the market economy by expanding their financing scale. Since 2013, China has vigorously developed inclusive finance and extended the services of traditional financial institutions to small and medium-sized enterprises, providing policy guidance, resource support, and technical support to alleviate the financing difficulties of small and medium-sized enterprises. Based on this, this article focuses on the current financing problems faced by small and medium-sized enterprises and specifically elaborates on how to lower the financing threshold for small and medium-sized enterprises and broaden their financing channels through inclusive finance, in order to promote the development of inclusive finance and a virtuous cycle of financing for small and medium-sized enterprises.
References
Ling Q, 2021, Exploration of Compliance in Online Lending and Financing Paths for Small and Micro Enterprises. Modern Marketing: Academic Edition, 2021(12): 18–20.
Chen X, 2019, A Brief Discussion on the Difficulty of Financing for Small and Medium-sized Enterprises in China. Era Finance, 2019(2): 49–50.
Yang C, Zhang H, 2021, Exploration of Debt Management and Risk Control in Small and Medium-sized Enterprises. Economic Research Guide, 2021(30): 13–15.
Wang D, Zhang Z, 2021, Practice and Development of Digital Supply Chain Finance. Gansu Finance, 2021(1): 60–66.
Wu T, 2022, How Supply Chain Finance Can Solve the Financing Difficulties of Small and Medium-Sized Enterprises. China Foreign Investment, 2022(14): 109–111.
Zhu L, 2020, Innovative Development of Supply Chain Finance and Expansion of Financing Channels for Small and Medium-sized Enterprises. Information and Communication Technology and Policy, 2020(3): 66–69.
Zhang Q, Fu Y, Zhang X, 2023, How Policy Independence Affects the Speed of Capital Structure Adjustment in Small and Medium-sized Enterprises: A Study Based on Inclusive Finance. Financial Science, 2023(8): 49–64.
Xiang H, 2021, Analysis of Internet Finance and Ways to Solve the Financing Difficulties of SMEs. Business 2.0 (Economic Management), 2021(21): 167–168.
Li L, 2023, Reflections on Innovation-Driven Development of the Insurance Industry in the Era of Big Data. Industrial Innovation Research, 2023(9): 79–81.
Ren J, Gao T, Shi X, et al., 2024, Digital Inclusive Finance and the Development of Small and Medium-sized Enterprises with Specialization, Refinement, and Innovation: Effect Analysis and Mechanism Testing. Soft Science, 38(4): 22–29.
Ke M, 2023, Enhancing the Efficiency of Capital Market Services for Inclusive Finance to Form A Gradual Growth Path for Small and Medium-sized Enterprises. Securities Daily, 2023-10-13(A02).
Zhu J, 2023, Research on Supply Chain Financial Services for the Real Economy under the Background of the Digital Economy. China Collective Economy, 2023(33): 98–101.
Cui H, 2021, Research on Optimizing Financing Paths for Small and Medium-sized Enterprises Based on “Blockchain+Supply Chain Finance”. China Management Informatization, 24(20): 65–66.
Tan H, 2023, Digital Finance, Financing Constraints, and Technological Innovation of Small and Medium-sized Enterprises: An Empirical Study Based on Listed Companies on the SME Board, ChiNext Board, and New Third Board. Western Finance, 2023(10): 14–21.
Xie B, 2022, Implementing Proactive Fiscal Policies to Vigorously Support the Development of Small and Medium-Sized Enterprises. China Industry and Economics, 2022(24): 32–34.