中国中小企业的融资困难及其结构特征(英文)

Chinas reform and opening-up policy has created a good environment for the developmentof small- and medium-sized enterprises (SMEs), especially the burgeoning SMEs in theprivate sector. In the meantime, SMEs have been playing an important role in Chinaseconomic reform and development and, to some extent, have become a growth engine in theChinese economy. However, SMEs are still facing many financial difficulties due to variousreasons, such as lagging in the banking system, an inadequate financial structure, lack of aguarantee system, etc. This paper will analyze the structural roots of SMEs financingdifficulties and put forward possible measures to mitigate such financing obstacles.