中小企业过桥资金的融资安排:政府抑或市场

Bridge Funds for SMEs FinancingArrangement: the Government or the Market

为缓解中小企业旺盛的过桥资金需求,山东省许多小额贷款公司和担保公司依靠特殊的行业禀赋、股东结构和信息对称的比较优势,成为中小企业过桥资金的提供者。本文经过调研分析认为,应为中小企业设计市场主导的过桥资金融资,在业务透明化、公开化基础上给予合理监管和防范风险。

In order to satisfy the active demand for bridge financing, many citys in Shandon have introduced the policy of working capital loan. However, it is faced with several problems such as ＂helping the strong rather than the weak＂, narrow coverage and alienated usage of funds. So many microfinance and guarantee companies have become the provider of bridge loans for SMEs, as they have the comparative advantage of special industry endowments, shareholder structure and information symmetry. After research and analysis, this paper believes that market-oriented bridge financing should be designed for SMEs on the basis of transparent and open business. In addition to the support given by the government, proper supervision should be given so as to prevent risks.