金融管制悖论与中小企业融资困境分析

An Analysis of Financial Regulation Paradox and Financing Difficulties of SMEs

2012年推出的＂中小企业服务年＂,以及一系列针对中小企业融资的优惠政策,都让我们看到中小企业发展的机遇,也提醒我们关注中小企业的融资困境问题。政府在面临金融市场自由化二重性问题时,选择用金融管制来稳定金融市场,营造良好的企业融资环境,然而这种管制却一定程度上会出现＂管制悖论＂现象,从而使金融市场更加不稳定,也使得中小企业的融资环境更加恶劣。有效的金融制度改革可以消除悖论现象,从而保证中小企业融资渠道畅通。

The Year of SME Service in 2012 and a range of financing for SMEs preferential policies both let us see opportunities for the development of SMEs,but also remind us of SMEs financing difficulties.The government stabilizes financial markets with financial regulation,and create a good environment for corporate finance in the face of the duality problem of financial market liberalization.This type of regulation,however,to some extent,will cause ＂control paradox＂ phenomenon,with a result that financial markets will be more unstable and also the financing environment for SMEs will be even worse.Effective financial system reform can eliminate the paradox,in order to ensure small and medium-sized enterprises financing channels unblocked.