金融抑制与黑龙江省中小企业融资难题的破解思路

Financial Constraint and the Problem-solving Idea of the Financing Problems for SMEs in Heilongjiang Province

金融抑制是发展中国家的一个共同特征之一,也是形成黑龙江省中小企业融资困境的根本原因之一。政府管制的低利率造成巨大的融资缺口,商业银行只能通过信贷配给的方式安排有限的借贷资金;金融市场的分割形成金融体系的二元性,将中小企业排斥在正规金融体系之外,加大了其融资成本。深入分析金融抑制与中小企业融资困境的关系,才能找到破解中小企业融资难题的思路。重点是合理安排利率水平,加强利率市场化管理,并发展多层次的金融体系结构,进而为中小企业提供多渠道的融资途径。

Financial constraint is one of the common characteristics for developing countries.It is also the fundamental reason for the financing difficulty of small and medium-sized enterprises(SMEs) in Heilongjiang Province.Low interest-rate restricted by government causes huge financing gaps,as a result,commercial banks could arrange limited loan funds only by credit rationing.The segmentation of financial market forms the duality of financial system,which keeps SMEs out of the regular financial system and increases related financing costs.Deeply analyzing the relationship between financial constraint and the financing difficulty of SMEs could help to find the problem-solving idea of the financing for SMEs.The key points are the possible arrangement of interest-rate level,the strengthen management of interest-rate marketization and the development of multilevel structure of financial system.Therefore,SMEs could be provided diversified financing channels.