中小企业融资:票据融资模式构建

To Construct a New Paper Financial System for Small-medium Enterprise's Financing

由于银行对中小企业的"惜贷"以及资本市场对公司上市在数量、规模上等的限制,中国中小企业遭遇到直接融资和间接融资的困难。而票据融资作为第三种融资方式,恰好可以满足中小企业的资金需求。文章在对票据融资的性质和需求供给分析的基础上,构建了适合中国国情的基于票据融资的新型金融模式,以保证这种融资方式的实现,并探析了模式运行的支撑体系。

As banks are unwilling to lend to the small-medium enterprises, and the scale and the amount of companies is limited in the capital market, it's very difficult for the small-medium enterprises to finance either directly or indirectly. As a third way except directly financing and indirectly financing, paper financing can satisfy the demand of small-medium enterprises for capital. After analyzing the property of paper financing, the supply of it and the demand for it, a new financial model is set up to ensure that paper financing is available, which is based on the paper financing according to the situation of our country. At last, we ascertain the supportive system for the model.