A Study on Financing Problem of SMEs under the Impact of International Financial Crisis——A Case of Zhejiang Province

The financing problem of the small-and medium-sized enterprises(SMEs) in China has not been well resolved for a long time,which is aggravated severely by the impact of financial crisis since the second half 2008.In Zhejiang,a province with well-developed Private Sector Economy,SMEs are suffering a tougher plight with a prominent financing problem.The fundamental solutions to this problem are adapting to the development of Socialist Market Economy,making full use of abundant private funds,improving the state-funded commercial bank to prop the SMEs financing mechanism,developing local medium and small financial institution offering service to SMEs,perfecting the venture capital system that accelerates the development of SMEs,and broadening the di-rect financing channel.Meanwhile,the government should provide favorable and sound system environment,market environment and policy environment for SMEs by the utilization of private funds.