Abstract
Small and medium-sized enterprises (SMEs) as an important part of the national economy, are the main carrier of “public entrepreneurship, innovation” under the new normal of the current economic, and its development and growth is essential [1]. However, the financing difficulties have long restricted the development of SMEs. Because of their own characteristics, SMEs can hardly obtain the funds needed for their own development through traditional financing ways. The rapid development of Internet finance has opened the way for the financing of SMEs. This article discusses the ways of financing under the traditional financing mode and the reasons why it is hard to get financing. By summarizing the financing channels of SMEs on the Internet platform and analyzing their impact on the financing of SMEs, and then gives some policy recommendations.
Highlights
Under the new normal economy, China’s economic growth slowed down from 10.4% in 2010 to 6.7% in 2017, a decrease of 3.7 percentage points
Because of their own characteristics, Small and medium-sized enterprises (SMEs) can hardly obtain the funds needed for their own development through traditional financing ways
The rapid development of Internet finance has opened the way for the financing of SMEs
Summary
Under the new normal economy, China’s economic growth slowed down from 10.4% in 2010 to 6.7% in 2017, a decrease of 3.7 percentage points In this macro-background, the Prime Minister Li Keqiang in the government work report put forward the “public entrepreneurship, innovation”, which has developed into a national strategy. Small and medium-sized enterprises as an important part of the national economy are the essential carrier of implementing “public entrepreneurship, innovation”, the problem of the financing difficulties and high financing costs of SMEs is very serious, which directly affect the development of SME. Hope that the recommendations made in this paper can help SMEs in the future
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