Title: Financial Constraint and the Problem-solving Idea of the Financing Problems for SMEs in Heilongjiang Province
Abstract: Financial constraint is one of the common characteristics for developing countries.It is also the fundamental reason for the financing difficulty of small and medium-sized enterprises(SMEs) in Heilongjiang Province.Low interest-rate restricted by government causes huge financing gaps,as a result,commercial banks could arrange limited loan funds only by credit rationing.The segmentation of financial market forms the duality of financial system,which keeps SMEs out of the regular financial system and increases related financing costs.Deeply analyzing the relationship between financial constraint and the financing difficulty of SMEs could help to find the problem-solving idea of the financing for SMEs.The key points are the possible arrangement of interest-rate level,the strengthen management of interest-rate marketization and the development of multilevel structure of financial system.Therefore,SMEs could be provided diversified financing channels.
Publication Year: 2006
Publication Date: 2006-01-01
Language: en
Type: article
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