结构矛盾、金融异化与中小企业融资难困境

"十二五"走完开局之年,我国中小企业却面临着外部需求疲软与内需严重不足的双重困境,结构矛盾、金融异化现象突出,中小企业融资状况越来越复杂。麦克米伦缺口拉大危及中小企业生存,导致许多民营老板的跑路,致使中小企业转型升级越来越困难。其主要原因是信贷市场的资金饥渴导致金融价格失灵,征信系统不完善而引发商业银行对中小企业"惜贷"的羊群行为,中小企业贷款违约率高,在银企交易的博弈中往往以失败告终,信贷政策收紧等。因此,必须从加快中小企业征信体系建设;调整银行信贷结构,完善中小企业贷款业务;规范民间金融发展;加强企业自身建设等方面加以防范。

An Analysis of Financing Difficulty of Small and Medium Enterprises in the New Rra

In the first year of "Twelfth-Five Year Plan",SMEs face a weak external demand and serious shortage of domestic demand.SME’s financing condition has become increasingly sophisticated.Macmillan gap endangers the survival of SMEs,leading to many private owners running away.The transformation and upgrading of SMEs have become increasingly difficult.Macmillan gap of China’s MSEs is mainly due to the thirst of credit market and causes financial prices failure.Imperfect credit system leads to commercial banks do not want to give loan to SMEs.The SME loan default rates are high.Credit is tightened.Therefore,we must take some measures to prevent this situation: accelerating the construction of SME credit system;adjusting the structure of bank credit to improve SME loan business;regulating the informal financial development;and strengthening the construction of enterprises themselves.