Research on SMEs Financing Issues

DOI

10.2991/aebmr.k.210712.011How to use a DOI?

Keywords

SMEs, Financing difficulties, Policy support, Financial institutions

Abstract

With the ongoing globalisation of the economy, the competitive situation in the international financial market is becoming increasingly severe and the room for survival of SMEs is severely compressed, so the study of their financing has become a subject of concern. In terms of the influence of SMEs on economic development, all countries attach particular importance to them. Since the 18th National Congress of the Communist Party of China, the government has been increasing its support for SMEs, reflecting the important role of SMEs in the financial market. This paper examines the prevalent financing difficulties of SMEs as an object. It begins with a brief introduction to the classification of financing, followed by an analysis of the problems of SME financing today and their causes. Finally, in view of the difficulties in SME financing, it proposes solutions to improve the current situation of SME financing difficulties and the outlook for SMEs in the economic era, taking into account the actual situation. This paper finds that the low creditworthiness of SMEs, inadequate national safeguards and policies and credit discrimination by financial institutions all contribute to the financing problems faced by SMEs. Therefore, this paper suggests reducing the cost of SME financing, optimising SME financing channels and improving the internal management system of SMEs to improve corporate creditworthiness in order to solve the SME financing problem and present the outlook of SMEs in the economic era.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Shi Yi
PY  - 2021
DA  - 2021/07/12
TI  - Research on SMEs Financing Issues
BT  - Proceedings of the 2021 International Conference on Economic Development and Business Culture (ICEDBC 2021)
PB  - Atlantis Press
SP  - 57
EP  - 62
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210712.011
DO  - 10.2991/aebmr.k.210712.011
ID  - Yi2021
ER  -