Research on the Coordinated Development of Inclusive Finance and Financing for Small and Medium-sized Enterprises

As an important force in promoting economic and social development,small and medium-sized enterprises play a crucial role in enhancing China’s economic strength,creating employment opportunities,and promoting industrial structural transformation.However,due to their inherent weaknesses,small and medium-sized enterprises often face difficulties in financing within the traditional financial service system.This makes it difficult for small and medium-sized enterprises to inject vitality into the development of the market economy by expanding their financing scale.Since 2013,China has vigorously developed inclusive finance and extended the services of traditional financial institutions to small and medium-sized enterprises,providing policy guidance,resource support,and technical support to alleviate the financing difficulties of small and medium-sized enterprises.Based on this,this article focuses on the current financing problems faced by small and medium-sized enterprises and specifically elaborates on how to lower the financing threshold for small and medium-sized enterprises and broaden their financing channels through inclusive finance,in order to promote the development of inclusive finance and a virtuous cycle of financing for small and medium-sized enterprises.

Research on Financing Game Model of Small and Medium-sized Enterprises based on Different Risk Categories

With the development of market economy and the deepening of economic system reform, some of the Small and medium-sized（SME） enterprises have become the most dynamic economic growth point in the national economy. Nevertheless, SMEs are facing a lot of problems in the market competition, such as technical backwardness, information lag, lack of talents, etc.. The healthy development of SMEs is very important, whereas, SMEs’ financing is a worldwide problem, and the result of financing game between banks and enterprises depends on a variety of decision-making factors. In this paper, from the point of view of bank, we analyze the diffi culties of external financing of SMEs, and establish a financing game model based on different risk categories, in order to better solve the problems that remain in the process of financing and promote the healthy and sustainable development of SMEs.

Influence of Internet Finance on the Financing of Small and Medium-Sized Enterprises in China

Small and medium-sized enterprises greatly promote the economic progress and growth of national tax revenue as well as realize the escalation of career opportunities.However,as these enterprises are relatively small scale and have low capacity to face and resist risks in addition to China's flawed financial credit system,there are many difficulties faced by these enterprises in terms of financing to achieve their own development and progress.Recently,owing to the progress of internet information,especially the expansion of its application in the financial field,it has opened up a way for handling the financing difficulties faced by small and medium-sized enterprises.According to the specific financing situation of small and mediumsized enterprises in China,this study analyzes the impact of internet finance on the financing of small and medium-sized enterprises in China and formulates strategies to effectively deal with the financing difficulties of small and medium-sized enterprises in China,thus promoting the sustainable progress of small and medium-sized enterprises.

Problems and Countermeasures of International Trade Financing of Small and Medium-Sized Enterprises in China

Small and medium-sized enterprises are the foundation of China's national economy,and they are important forces to promote economic and social development.They play an irreplaceable role in promoting scientific and technological progress,increasing social employment,expanding foreign trade,and other aspects in which they have become an important part of China's socialist market economy.Based on the research background of international trade financing,this paper analyzes the problems existing in the international trade fmancing of small and medium-sized enterprises in China to put forward countermeasures and suggestions,hoping to help these small and medium-sized enterprises solve the financing problem so as to achieve a healthy development in the international trade market environment.

Countermeasures of Financing Difficulties of Small and Micro Enterprises in China

Financing difficult problem has seriously restricted the further development of small and micro enterprises in our country. This paper analyzes and discusses the Countermeasures of the financing difficulties of small and micro enterprises in our country from two aspects of the external environment and internal self.

Financing of small and micro enterprises based on P2B net loan mode

Small and micro enterprises play an extremely important role in the realization of employment, independent innovation,increasing taxes and so on, It is an important part of national economic development in China. Although the government has introduced a series of supportive policies, but small and micro enterprises arc still faced with many development problems, small and micro enterprises face an important problem is financing difficulty, which relates to its health, sustainable and stable development. This paper analyzes the financing problem of small and micro enterprises from the new net loan mode of P2B, hoping to benefit the development of small and micro enterprises.

A Study on Improving the Financing Environment of Small and Micro Enterprises-Based on Taizhou Model

China’s small and micro enterprises have always had the typical characteristics of“five,six,seven,eight,nine,”which are important supports to expand employment and improve people’s livelihood.However,the current proportion of these enterprises in obtaining bank loans does not commensurate with the proportion of small,medium,and micro enterprises in the total economic aggregate.The financing dilemma of small and micro enterprises still exists.In consideration of the financing status of small and micro enterprises,this study analyzes the constraints of small and micro enterprises in financing,such as the difficulty in mortgage,difficulty in obtaining loans,and difficulty in guaranteeing.This study sorts out Taizhou’s practical experience and links its operation mechanism of“two platforms,one fund,and one index.”Finally,by learning from its successful experience,how to utilize the environment and the trend of big data will be further discussed,so as to form a scalable and sustainable financing method and path.This will provide a reference for improving the financing environment of small and micro enterprises.

Thoughts on Promoting the Investment and Financing Development of Enterprises'Intellectual Property Rights from the Perspective of Intellectual Property Strategy

With the in-depth implementation of China's intellectual property strategy,the situation of intellectual property protection in China has been further improved,the enthusiasm of the public for entrepreneurship and innovation has been further stimulated,people's awareness of intellectual property rights has been further enhanced,and the value of intellectual property rights has been further recognized by people.As a new economic form,"intellectual property economy"plays an increasingly important role in our socialist market economy.At the same time,China's intellectual property still faces some prominent problems,especially in the field of intellectual property investment and financing,such as difficult valuation,management and liquidation.From the perspective of the implementation of intellectual property strategy and starting from the investment and financing of intellectual property rights of small and medium-sized enterprises,this paper introduces the basic concepts of intellectual property investment and financing,the development status and existing problems of intellectual property investment and financing of small and medium-sized enterprises,and puts forward some suggestions for improving the investment and financing policy of intellectual property rights.

Research on the Development of Rural Micro Enterprises in China

The great significance of rural micro enterprises to improving the farmers' incomes and rural economic development is pointed out.Through analyzing the existing funds,talents and system problems during the development of rural micro enterprises,it is proposed to construct and improve the financial credit system,strengthen education and training,enhance the construction of enterprise system and improve the leadership.

A Study of the Awareness Level of Takaful Products Among Micro Enterprises in Malaysia

The small- and medium-sized enterprises （SMEs） play a vital role in the development of the Malaysian economy through its contribution of 32% of the country＇s growth domestic product （GDP）. However, the recent global financial crisis has exposed these enterprises to plausible risks that have resulted in some businesses being shuttered. Such predicament shows how crucial it is for SMEs to be prepared with some form of protection or Takaful to mitigate impending risks. The purpose of this study is to examine the extent to which micro enterprises are aware of Takaful and the benefits of its products. The study was conducted on respondents who fall into micro enterprise category located in Johor, Malaysia, and the research process involves a case study method which is in-depth interviews. The results of the current study provide an insight into how Takaful is regarded among SMEs and the need for these enterprises to be protected.

Analysis of the Financing Mode of Small and Medium-Sized Enterprises Under the DC/EP Platform Based on a Comparison with the Traditional Bank Financing Mode

As a legal currency with the credit endorsement of the Chinese government,DC/EP has many advantages and special characteristics.Based on the application of DC/EP in the financing of small-and medium-sized enterprises(SMEs),this paper studies the optimal financing decisions of SMEs under both the traditional financing mode and the DC/EP financing mode.Considering the construction and use costs of DC/EP and the role of DC/EP credit traceability in improving mortgage rates,this paper explores the feasible range for SMEs to select DC/EP financing.It is found that mortgage rates affect the returns of SMEs when they take on loans;under different credit strategies,the pledge rate set by the bank will affect the financing willingness of SMEs.The participants had different optimal mortgage rates to optimize the returns of borrowers and banks.High-quality SMEs are more willing to use the DC/EP platform for financing.With the increase in default costs,banks will be more inclined to use DC/EP,while enterprises will be inclined to utilize the traditional financing mode.Through the comparative analysis of the two financing modes,the default cost range that neither banks nor borrowers are willing to use DC/EP is found.This study provides theoretical support and management inspiration for scientific decision-making to solve the financing problems of SMEs by using DC/EP.

Study on Financing of SMEs in Enshi Nationality Area Based on FFMO Model 1

Financing has been always diffi cult for small and micro enterprises(SMEs() in Enshi nationality area mainly because of its higher fi nancing cost, immaturity and high monopoly of the fi nancial market. This paper, based on classical theories and model as well as fi nancial market status in Enshi, combs and analyzes major factors infl uencing fi nancing of small and micro enterprises in Enshi, sets up a FFMO model and proves that reform measures of fi nancial organization competition promotion and reduction of small and micro enterprises’ cost adopted by large fi nancial organizations in order to pursue maximized profi t under the market environment with rising barriers can balance the fi nancial market and make it favorable for development of small and micro enterprises’ fi nancing.

Development of Supply Chain Finance, Financial Constraints and Cash Flow Sensitivity

This paper used the Chinese listing Corporation financial data （2003-2013） to study the relationship between the supply chain finance development, SME financing constraints and cash flow. The study found that the small and medium-sized enterprise has obvious cash flow sensitivity, explaining it is subjected to the larger financing constraints. The development of supply chain finance can alleviate the financing constraints of SMEs, but for large enterprises it is unable to play a corresponding role.

我国小微企业融资问题与对策探究

历经四十多年的改革发展,我国公有制经济获得战果的同时,非公有制经济发展水平也明显提高,发展最快的当属小微企业。小微企业的优势是其具有灵活性,它可以依靠此优势调整运营机制,在维护市场竞争、提升就业率、改善和保障民生等方面发挥了作用。但是,小微企业整体实力弱、融资渠道少、融资成本高、融资环境差等问题一直阻碍它的发展。文章根据这种情况,主要针对目前中国小微企业融资现状进行分析,提出拓宽小微企业融资渠道、改善小微企业融资环境等对策。

社会资本对小微企业融资的影响——基于CMES的实证研究

小微企业融资难、融资贵的问题由来已久。文章根据中国小微企业调查(CMES)的数据,实证检验了社会资本对小微企业正式融资和非正式融资的影响。结果表明:社会资本能显著提高企业正式融资效率,其中认知维度的社会资本对企业非正式融资具有较大影响,为此分别从小微企业和政府两个方面提出提高企业融资效率的建议。

数字金融创新小微制造企业融资的路径思考

从小微制造企业融资的困难现状、基本特点和原因出发,着眼于数字金融对小微制造企业融资的支持作用。通过对数字金融赋能小微制造企业融资的创新路径的思考,旨在提出可行的解决方案,帮助小微制造企业克服融资难题,实现可持续发展。研究发现,数字金融可以通过降低信息不对称、提高融资效率、降低融资成本等手段,有效缓解小微制造企业融资难、融资贵的问题;强调了监管创新等方面的重要性,以确保数字金融健康、可持续发展,更好地服务于小微制造企业。

银行数字化发展能助力小微企业纾困解难吗--来自城商行的经验证据

本文选取城商行数据为研究样本,研究了商业银行数字化发展对小微企业信贷供给的影响。研究发现,商业银行数字化发展与小微企业信贷供给之间呈现U型关系,随着商业银行数字化程度加深,其对小微企业的信贷供给呈现先降后升的趋势。究其原因:银行数字化发展初期投入成本高、公众认可度不高等因素抑制了数字化作用的发挥;随着银行数字化程度不断提升,数字化降低贷后风险和拓展服务渠道的作用逐渐显现,从而促进小微企业信贷供给的增加。同时,商业银行数字化发展对小微企业信贷供给的影响存在区域异质性。进一步研究发现:人民银行实施定向降准政策可以使得银行数字化发展对于小微企业信贷供给由抑制作用转为促进作用的拐点提前到来,对U型关系具有正向调节作用。

数字科技金融与小微科技企业:赋能优势、运行机理与发展策略——基于金融强国发展战略维度的新思考

科技金融和数字金融在2023年10月的中央金融工作会议上被列为“金融强国”战略的五大发展重点。在建设现代化产业体系和推动实现高质量发展的进程中,小微科技企业的生态功能支持至关重要,小微科技企业对创新链、产业链、产业集群等产业生态组织的运转循环起着关键作用,是繁荣产业生态体系的重要技术创新主体和底层动力来源。因此,发展适应小微科技企业的金融服务模式具有重要意义,可为实现金融强国战略提供强大的市场基础。在充分把握小微科技企业的“小微”特征和“科技”属性的基础上,围绕小微科技企业的生产经营特点,以及其在产业链、创新链等技术经济组织形态中的技术能力特征和结构功能表现,分析了其金融资源条件、金融需求特征和金融服务现状。针对小微科技企业的金融需求状况,发展数字科技金融,要围绕创新链和产业链等技术协作关系链条来布局小微科技企业金融服务;在深化应用区块链、大数据、人工智能等数字技术的基础上,推动数字科技金融系统向数智化方向升级,提高其运行系统的服务效能;发挥平台在小微科技金融服务中的赋能优势,提高数字小微科技金融的综合服务能力,解决小微科技企业金融服务的痛点、难点和堵点,促进小微科技企业的健康发展,推动整个创新生态和技术协作体系的良性运转。

供应链金融在小微企业融资中的应用阻力及对策研究

我国小微企业的发展壮大离不开融资活动,现如今小微企业融资困难成为普遍现象,为了解决此难题,供应链金融这一新型的融资方式便应运而生。供应链金融打破了先前以固定资产作为抵押的单一化融资模式,拓展了抵押形式和融资道路,为小微企业提供了一条更有效的融资途径。现如今供应链金融正在全面发展,很大程度上缓解了小微企业融资难的困境,同时还提高了供应链上各主体之间信息共享的水平。文章旨在通过查阅资料分析供应链金融应用的益处及其助力融资的原理,探寻其应用过程中遇到的阻力,并基于供应链金融视角提出相应的策略。

数字金融驱动小微企业创新的组态分析

将小微企业创新分为技术创新、组织创新、服务创新、营销创新和文化创新,采用模糊集定性比较分析(fsQCA)方法,从组态视角分析数字金融要素如何驱动小微企业创新。研究发现单个数字金融要素并不构成提高小微企业创新的必要条件,但不同要素的联合效应能够有效推动小微企业5种创新;数字金融驱动小微企业不同类型高创新的组态存在差异,但网络信贷作为核心条件存在于每一种组态中;数字金融驱动小微企业不同类型高创新的组态可以归纳为3种驱动模式,包括纵深主导型、广度深度协同发展型和多元化均衡发展型。因此,推动小微企业创新发展的过程中,不仅要因地制宜,合理规划数字金融不同要素的差序发展,还要因创新类型施策,充分发挥数字金融对小微企业多种创新的激励效应。