我国中小企业私募债融资问题研究

Research on Private Placement Bonds Financing Problems of Small and Medium-sized Enterprise in China

自2012年5月启动以来,中小企业私募债市场融资规模不断扩大,为解决我国中小企业的融资难题做了有益的尝试。与此同时,中小企业私募债融资存在的融资成本高、中介机构少、流动性差、投资者有限等问题也日益凸显。针对此种现状,应规范中小企业经营,培育私募债市场,完善法律法规体系,以加快中小企业私募债发展。

Since the private placement bonds was piloted in 2012 May,the private placement bonds market scale has been expanded unceasingly,so that it could make a useful attempt to alleviate the financing difficulties of SMEs in China. At the same time,the private placement bonds of the small and medium-sized enterprises financing problems have become increasingly prominent,such as the high cost of financing,intermediaries less,poor liquidity and investors less. This paper puts forward the corresponding countermeasures and suggestions in the aspect of standardizing the management of small and medium sized enterprises,cultivating the private placement bonds market and improving the legal system etc. ,so that it could provide a theoretical basis for the small and medium enterprises to speed up the development of the private placement bonds.