Research on Strategies to Address Financing Constraints for Technology-based Small and Medium-sized Enterprises

Abstract

With the rapid development of society, technology- based small and medium-sized enterprises (SMEs) have gradually become a cornerstone of China's national economy, serving as a long-term driving force for promoting the country's high-quality development. However, due to the incomplete financial institutional system, the need for enhanced government support, and inherent deficiencies within these enterprises, the financing requirements of technology- based SMEs often go unmet. This paper addresses the current challenges of difficulty, costliness, inefficiency, and slowness in the financing of technology- based SMEs. It analyzes the financing constraints faced by these enterprises and proposes corresponding strategies. The primary focus is on the gradual enhancement of the enterprises' capabilities, the establishment of a multi-level and comprehensive financial system, and the importance of the government establishing and maintaining a positive political relationship with technology- based SMEs.