2011International Business ManagementRequires access

Research on the Symbiotic Relationship between Small & Medium-sized Enterprises and Banks in Jilin Province

Lixia Chen, Meng Bo

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Abstract

As the market economy deepens continually, the small & medium-sized enterprises (SMEs) in Jilin Province play more and more important role for the economic development of Jilin. Although the SMEs in Jilin have developed greatly in recent years, their difficulties in financing seriously hamper their development. The paper analyzes the status of the relation between the SMEs and banks in Jilin and suggests that it is necessary for the SMEs to establish symbiotic relationship with banks, we also put forward the paths for them to establish continuous reciprocal symbiotic relation with banks in order to help SMEs solve their financing problems and guide the banks to get more profit to realize win-win for both of them. Key words: Small & Medium-sized enterprises in Jilin Province; banks; Symbiotic relationship

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What this paper is about

As the market economy deepens continually, the small & medium-sized enterprises (SMEs) in Jilin Province play more and more important role for the economic development of Jilin. Although the SMEs in Jilin have developed greatly in recent years, their difficulties in financing seriously hamper their development. The paper analyzes the status of the relation between the SMEs and banks in Jilin and suggests that it is necessary for the SMEs to establish symbiotic relationship with banks, we also put forward the paths for them to establish continuous reciprocal symbiotic relation with banks in order to help SMEs solve their financing problems and guide the banks to get more profit to realize win-win for both of them. Key words: Small & Medium-sized enterprises in Jilin Province; banks; Symbiotic relationship

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Available abstract

As the market economy deepens continually, the small & medium-sized enterprises (SMEs) in Jilin Province play more and more important role for the economic development of Jilin. Although the SMEs in Jilin have developed greatly in recent years, their difficulties in financing seriously hamper their development. The paper analyzes the status of the relation between the SMEs and banks in Jilin and suggests that it is necessary for the SMEs to establish symbiotic relationship with banks, we also put forward the paths for them to establish continuous reciprocal symbiotic relation with banks in order to help SMEs solve their financing problems and guide the banks to get more profit to realize win-win for both of them. Key words: Small & Medium-sized enterprises in Jilin Province; banks; Symbiotic relationship

Key concepts: Business, Profit (economics), Reciprocal, Order (exchange), Small and medium-sized enterprises, Industrial organization, Commerce, Finance

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