中小企业融资、市场创新和监管——中小企业多元化融资的可行性和挑战

SME Financing,Market Innovation and Regulation

中小企业是经济活动的主体和中坚力量,具有特殊的融资结构,在经济低迷时期,中小企业不可避免地面临比大企业更为严重的外部融资渠道枯竭的威胁。政府需要为缓解中小企业的融资困境采取适当的扶持措施,以确保银行不会因为资金紧张而阻碍其向实体经济提供贷款。

Small and medium sized enterprises(SMEs) are the backbone of the economy and also specific in their financing structure.To some extent,it is inevitable that credit sources for small firms tend to dry up more rapidly than for large companies during economic downturns.Governments need to take appropriate supporting measures to ease SME fnancing diffculties and to ensure that banks will not close their lending facilities to the real economy when they face funding constraints.