台湾中小企业融资体系研究

A Study of the Financing System for Taiwan Residents SMEs

台湾中小企业融资体系健全,具有完备的商业性融资体系与政策融资体系。当前,这套融资体系总体运行良好,主要表现在间接融资的成本稳步下降,非规范融资比例有所下降,同时融资辅导体系对中小企业融资促进作用明显,强化融资与强化投资措施初见成效。当然,台湾中小企业融资体系仍存在有待改进的地方,如中小企业直接融资门槛偏高,银行信贷支持力度有待加强,政策性专案贷款用途重叠且产业导向不力等。台湾的相关措施对台湾中小企业融资与发展颇有助力,为中国大陆提供了可资借鉴的经验。

The financing system for Taiwan Residents SMEs is sound and possesses certain characteristics. It contains a complete business financing system and a complete policy financing system and it has been running smoothly in that it has steadily reduced the cost of indirect financing and lowered the proportion of unregulated financing while playing a significant role in assisting and promoting the financing activities of SMEs thereby materializing the effective measures for strengthening financing and investment. However, this study points out that there is some room for improvement in the financing system for Taiwan Residents SMEs. For example, the direct financing threshold is too high; the support for bank credit needs strengthening; the usages of policy project loans overlap and the guidance for industries is inadequate. This paper concludes that some measures in Taiwan have proved effective in assisting the financing and development of Taiwan Residents SMEs and that they can be drawn upon by policy-makers in the Chinese mainland.