Analysis of small business financing problems毕业论文翻译.docx

Analysis of small business financing problems毕业论文翻译.docx

《Analysis of small business financing problems毕业论文翻译.docx》由会员分享，可在线阅读，更多相关《Analysis of small business financing problems毕业论文翻译.docx（6页珍藏版）》请在冰豆网上搜索。

Analysisofsmallbusinessfinancingproblems毕业论文翻译

Analysisofsmallbusinessfinancingproblems

PaperKeywords:

financialcrisis;enterprises;financingAbstract:

Theinternationalfinancialcrisissothatoursmallandmediumenterprises,especiallysmallenterpriseshasbeenagreatblowwhencriticizedcommercialbankstoinvestinhighlyconcentratedinlargeenterprisesandprojects,somesmallcompaniestobenefitless,whileincreasingloanstolow-costmarketingtrends,whenthedeclineinbankpricingpower,rationalthinkingsmallbusinessfinancingtocontinuethebasicproblemappearstobeparticularlyimportant.

Inordertoovercomethefinancialcrisis,thestateissuedaseriesofeconomicstimulusmeasures,whichonlythefirstquarterof2009,newbankloansreached4.6trillionyuan,comparedwiththeyear2007,morethan20%analysis,newloansApproximatelyone-thirdofshort-termcommercialpaper,mostoftheotheristhelong-termloans,themainflowwiththeeconomicstimulus-relatedorgovernment-ledinfrastructureprojectsandinvestmentinthisprocess,largeenterprises,especiallystate-ownedcompaniesgetmostofthenewloans,smallandmediumenterprisestoimprovethenotveryobvious,smallbusinessesmorenegligible.

First,dosmallbusinessfinancingassoonaspossibleoutofoureconomyhasauniqueroleinfinancialcrisis“Smallbusiness”isdifferentfromSMEs,accordingtotheCBRC’sconcernthatChina’ssmallenterprisesgenerallyreferstotheturnoverof3,000yuan,lessthan100thenumberofenterprises.Thenationaltotalofaround60millionsmallbusinessrateofcontributiontoGDPmorethan60%,providing75%ofthejobsandcreateabout50%ofexportearningsandfiscalrevenue.smallenterprisesnotonlyplaysanimportantroleinthenationaleconomy,China’seconomyisthemostactiveandviableforceonChina’seconomyoutofthisfinancialcrisishasauniqueroleistopromotefullrecoveryofChina’smicroeconomicandmacroeconomictrendsgoodfoundationforfurtherstrength.

Smallenterprisedevelopment,istoovercomethefinancialcrisis,promoteindustrialupgradingofthebasetoachievethefinancialcrisis,China’seconomicperformanceoftheunreasonableeconomicstructure,moreprominent,andsmallbusinessesareoftentheprecursoroftherestructuring,whichmainlybenefittoitsoutstandingadvantages,first,becausesmallenterprisesarefacingsmall-scaletrading,moreoften,andlargetransactioncostsanduncertaintyofchangesinthemarketvulnerabletotherisk,theyhaveagreaterincentivesystemofinnovationandtechnologicalinnovationpowerthesametime,theircreativerelativelylowcost,withgreatmaneuverability.systemofinnovationandtechnologicalinnovationisthefoundationofeconomicrestructuring.Second,thesmallbusinessmarketbystrengtheningcompetitionandincreasingthemarketefficiencyoftheallocationofresources.Third,alargenumberofsmallbusinessdevelopmenttostrengthenthetrendofsocialequalizationofincome,andpromotethesocialdistributionsystemoptimization.Fourth,thedevelopmentofalargenumberofsmallenterprisesandmedium-sizedenterprisesmakeupthemonotonyofthedefectproductcategories,typesandcharacteristicsofthegoodsismoreabundant,tomeetpeopleatdifferentlevelsofconsumerdemand,topromotetherationalizationoftheconsumptionstructure,butalsoaffecttheadjustmentofeconomicstructure.

Atthesametime,smallenterprisedevelopment,butalsothedevelopmentandmacroeconomicstability,promoteeconomicrecoveryinChina’sbasicstrength.Chinaassoonaspossibleoutofthefinancialcrisis,isinseparablefromthedevelopmentofsmallenterprises.Second,smallenterprisesscatteredthroughoutthesocialcapitalandpromoteeconomicgrowthagain,smallenterprisedevelopment,istoovercomethefinancialcrisis,China’sexportgrowthtorestorethefundamentalforces.Finally,thelevelofsmallbusinessistostabilizeprices,reducetheimpactoffinancialcrisis,animportantforce.

Micro-enterprisedevelopmentisamajorobstacletofinancingdifficulties.Chinashouldquicklyoutofthefinancialcrisisandmaintainrapidandhealthyeconomicgrowth,smallbusinessesneedtohavebetterandfasterdevelopment.Tosolvetheproblemoffinancingsmallenterprises,tofurtherstrengthentheofsmallenterprisesinChina’seconomicmapofthestrategicpositionanduniqueawarenessofthebenefits,strengthenthegovernment’sresponsibilityforimprovingthepolicyenvironmentformicroandsmallenterprisesfinancetheotherhand,mustbebasedoncommercialprinciplesofsustainability,toexplorethebasicwaytosolvetheproblem,abreakthroughtechnicalbottlenecks,throughproductandserviceinnovationtoachievewin-winsituationbetweenbanksandenterprises,promoteeconomicdevelopment.

Second,bankcreditistosolvethebasicapproachtofinancingsmallbusinessCBRCChairmanLiupointedout,thecurrentnumberoffinancinginstruments,themostimportantthingisbankloans.Thejudge,bothbasedonthebasiccharacteristicsofsmallenterprises,butalsobasedonthecurrentsituationofChina’sfinancialindustry,butalsothecontextofthefinancialcrisisefficientchoiceforsmallbusinesstoresolvethecurrentfinancingenvironment,pointedoutthedirectionasfollows:

Smallenterprisesaresmall,simpleorganizations,operatingflexibility,andnosoundfinancialmanagementsystemfromthecapitaldemandside,demandformicroandsmallenterprisesareoftennotlong-termfunds,butliquidity.Liquidityinthecapitalmarket,thecostoflargegainsandsmall,low-costbankloansasarationalchoicebecauseofitssmallbusinessestheabilitytoresistriskspoor,oftenneededisareliable,large,continuoussupplyoffundsThisfeatureisonlythroughfinancialproductsinordertoobtainbankloans,andprivatefinancingofunreliability,undergroundpreference,limitedfinancialresources,farfrommeetingthefinancialneedsofsmallbusinesses,fromsmallbusinessestoseethecharacteristicsofinformation,smallbusinessesdonothaveinformationonallaspectsof“openness”,andclaimsrequirethedisclosureofinformationcomparedtoequityfinancing,privatebankingjusttomeetthesmallbusinessnatureoftheconfidentialityoftheirinformationrequirementsoffundsisthebloodofsmallbusiness,thebankcreditisthemainstreamchoice.

Fromthelong-termdevelopmentperspective,smallbusinessloansandotherloansofcommercialbanksaspartofconventionalproducts.Itisneithercharitynorashort-termfinancialassistance,itisaprofitablecommercialbankassetsonbanks,inofsmallbusinessloans,thereisahugespacetogrowthefaceofdomesticandforeignfinancialinstitutionsofthedualpressureofcompetition,commercialbanksmustinnovatebusinessecosystem,re-positioning,toseekneweconomicgrowthpoint,concernedaboutthesmallbusinessistoobtaincompetitiveadvantageoftheimportantmeanstothesametimesmallbusinesscreditbusinessthroughinnovation,tooptimizethecreditstructure,toavoidconcentrationoflendingtolargecustomerstoomuchrisk,theyalsomakethebank’sidlefundsarefullyutilized,increasingthebank’searnings,whilesmallbusinesscreditisbyfarthemostbankshavenotyetcarriedoutbyfinancialservices,smallbusinesscreditmarkettofullydevelopthehugepotentialmarket,whichcaneffectivelyexpandthebank’smarketshare,strengthenitsmarketposition,andthroughcross-selling,inthefighttoattractmoresmallbusinessesondepositssupport,inordertoestablishlong-termstablecooperativerelationsbetweenbanksandenterprises.

Sincethefinancialcrisis,thegovernmentandsocietymoreconcernedaboutthefinancingofsmallenterprises,theintroductionofanumberofsmallbusinessloans,supportandguidepolicy,buttheflowofcredittothefirstquarterofthisyearclearlyshowsthatbankcreditintheactualprocessofdifferentoptionswhichseriouslyanalysisofcommercialbankcredittosmallbusinessincomewillbeveryimportant.micro-creditbusinessintheinternationalfinancialinstitutionspracticehasshownthatsmallbusinessbankloanrepaymentrateofover98%insometransitioncountriesisashighas99.8%,therateofoverdueloans1%-3%oftheloanwrite-offrateoflessthan0.3%.GrameenBankforthousandsofthepoortoprovideeffectivefinancialservices,inthecaseofloanswithoutguarantee,tomaintain99%repaymentrate,consistentlyprofitable,itspresident,ProfessorMuhammadYunusreceivedtheNobelPeacePrize.Thesesmallbusinessloansfullyillustratethefinenatureofbankcreditistheexistenceofdifferentoptionsmainlytechnicalbottlenecksandotherinstitutionalmechanisms.

Third,thesmallbusinesscredit,technicalbottleneckistheinformationasymmetryInthesmallbusinesscredit,informationasymmetryisthemainproblemwiththebanks,smallbusinessesshareinformationsuperiority,holdsmoreandmorerealinternalinformation,whileBankofchannelsofinformationaboutsmallbusinessislimited,inaweakfocusperformance,includingmicro-enterprisesintheviabilityoftheenterpriseitselfandtheinformationasymmetry.intheinformationdisadvantageofthebank,fortheeliminationofinformationasymmetrytotheiradverseeffects,onlythesmallandmediumenterprisesbasedonavailableinformationtosettheoverallaverageloansconditions,ratherthantheindividualtodeterminethelevelofrisk,which“adverseselection”and“moralhazard”exist.

Focusonsolvingthisproblemistomaketheinformationintheinter-bankmicro-enterprisesandbetweentheeffectivedelivery,thekeyisbothration