Small and medium enterprises in economic development plays an important role, they are boosters of the national economy, alleviate the employment pressure is an important channel for promoting China's exports are an important force, but also scientific and technological innovation and advancement of the main force. SME Development in China the biggest problem is financing, because of the existence of certain "market failures", a shortage of funds is the economic development of small and medium-sized countries have a common problem, China is in a historical stage system transition to private enterprise for the main financing more difficult for SMEs, the SME development has become a "bottleneck."
Financing difficulties for many reasons, first of all by China's decision to institutional issues, and private enterprises as the mainstay of the development of SMEs did not receive due attention and support; followed by China's institutional transition phase in which the decision The laws and regulations are not perfect, imperfect financial system, capital markets are underdeveloped, small and medium-sized poor credit.
In our country at this stage to address the issue of financing is a complex social problem. To improve the whole society on financing small and medium-sized issues. Accelerating the development of SMEs to adapt to the needs of financial innovation. At the same time, speeding up the small and medium-sized management, fully mobilize the government, financial institutions, small and medium enterprises and various social forces, and jointly create a financing environment for SMEs. Thus, the solution to the problem of difficulties in financing the needs of small and medium-sized multi-party efforts: government, financial institutions, small and medium enterprises, are indispensable.
This article is divided into four parts: 1. The meaning and role of small and medium-sized 2. SME finance the status quo 3. The reasons for financing small and medium-sized 4. To solve the financing strategy for small and medium-sized
B.
Times also known as the subprime mortgage loan crisis in the crisis, which originated in the United States, the United States from near to the sub-loan crisis, as if in one night sweeping the world, the United States subprime mortgage crisis, falling house prices led to the United States and, through the "Butterfly effect "caused turbulent global stock markets, a reflection of the people behind the crisis affected the prospects for global economic uncertainty worries. Its implications are wide and the United States subprime mortgage market crisis expanded to other financial sector, banks generally choose to improve lending rates and reducing the number of loans, resulting in global financial markets shows that lack of liquidity crisis, the global financial crisis caused a domino effect. At the same time, the United States economy on the enormous influence of the global, sub-loan crisis through financial derivative products quickly to Australia, Europe and even global spread. Faced with such a grim situation, inflation, economic slowdown in the growth of the dual pressures, China should adopt a flexible monetary policy from tight to avoid the economic "hard landing." At the same time, the United States should draw on the experience of other Western countries, to take a more active fiscal policy, through tax breaks, increased government investment and expenditure, improve the level of social welfare and security, accelerate the reform of the medical system and other measures to stimulate economic growth. At the same time, foreign exchange reserves should be diversified as much as possible to cope with the future of more complex financial markets.
Solve the sub-loan crisis is a very complex global issue, to rely on the concerted efforts of everyone together to create a more complete financial system. So to solve the sub-prime crisis, government, financial institutions, individuals, and both are indispensable.
This article is divided into four parts: 1. The meaning of the sub-prime crisis and its loan-defined 2 times the reasons for the outbreak of the crisis 3. Times loan crisis influence on the world 4. How we should deal with the sub-prime crisis