科技型小微企业多维金融支持体系的完善——基于成长生命周期演进的视角

在后金融危机背景下我国科技型小微企业正经受着非常严峻的考验，解决科技型小微企业融资问题是一个迫在眉睫的课题。针对科技型小微企业在不同生命周期阶段具有不同的融资风险和融资需求的特点，我国实践上已经构建了与科技型小微企业生命周期相一致的金融支持体系，但是该体系仍然存在着商业银行金融服务不足、创业投资机制不健全、证券市场发展滞后等诸多问题。因此必须加强创业投资引导、拓展和创新商业银行金融业务、完善证券市场体系等，构建包括政府、银行、证券市场、民间资本在内的，涵盖科技型小微企业生命周期各阶段的多层次、多阶段的多维科技型小微金融支持模式，以适应科技型小微企业在不同生命周期阶段的融资需求。

Analysis on the Multidimensional Financial Supports to the SCI-TECH Small & Micro Businesses Based on Life Cycles

On the post-financial-crisis era, Chinese SCI-TECH small and micro businesses are withstanding severe tests. It＇s a imminent task to resolve their financial problems. We have established financial supporting system consistent with the life cycles of the SCI-TECH small and micro businesses. But there are many problems with the system such as the shortage of commercial banks services, the imperfect of venture capital mechanism and the faultiness of securities market. So,we should take measures such as guiding venture capital, creating financial businesses of commercial banks, perfecting stock market, and so on, to improve the supporting system from many dimensions including government, banks, markets and private capitals, and from many periods covering all the life cycles of the SCI-TECH small and micro businesses.