The Causes and Countermeasures of Financing Difficulties of SMEs in China

From the practical significance of SMEs financing,the paper analyzes the problems faced by China's SMEs in their development in obtaining bank loans,collateral difficulties,insufficient guidance of government policy,information asymmetry between banks and SMEs,the lack of credit of SMEs and other financing problems.It is proposed that we should create a legal environment to legalize private financing,establish SMEs lending model and a standardized modern enterprise system,so as to enhance their competitiveness,and promote the establishment of SMEs credit guarantee system.