China's SME Financing Theory,Difficulties and Countermeasures

S ME plays an irreplaceable role in promoting social employment,booming market economy,increasing the fiscal revenues,promoting technological innovation and expanding exports. At present,because of the not formed financial system providing service for SMEs,the imperfect multi-layer capital market,the information asymmetry between banks and SMEs,the not matched financing policies and many problems with the SEMs,the cost of financing of SMEs is very high and the SMEs are treated discriminatorily;financing difficulties facing SMEs are hindering the booming of SMEs and they are the obstacles for the SMEs to transform their pattern of economic development. To help the SMEs relieve financing difficulties,in terms of the enterprises,they should strengthen their development;in terms of the market,we should perfect the multi-layer financial market;in terms of the government,we should establish the information sharing platform.