Abstract
Since the reform and opening up, the economy of the Pearl River Delta has achieved rapid development and remarkable results. Small and medium-sized enterprises in the region have also achieved rapid development in terms of quantity and quality, and have become an important part of the region. However, with economic globalization, because of continuous changes in the external environment, and its own industrial upgrading and structural adjustment, even if small and medium-sized enterprises in the Pearl River Delta region have advantages compared with other regions in China. However, there are still problems in the development process. The article mainly analyzes the financing difficulties of SMEs in the Pearl River Delta region and the brain drain in recent years, and gives corresponding countermeasures. Since small and medium-sized enterprises occupy an important position in the economy of the Pearl River Delta region, they can not only promote technological innovation and boost domestic demand for production, but also drive the employment rate to rise. Therefore, the development of small and medium-sized enterprises in the region has played a positive role in the economic progress of the Pearl River Delta region, and the place has also promoted economic development.
Highlights
For most SMEs, it is not easy to obtain loans provided by financial institutions
Data from the Guangdong Provincial Government in 2017 showed that the actual loan interest rate provided by financial institutions to SMEs was 18.4% higher than the benchmark interest rate on average
The financing channels are mainly divided into internal financing and external financing
Summary
For most SMEs, it is not easy to obtain loans provided by financial institutions. First, these organization have higher requirements for high-quality collateral. Many small and medium-sized enterprises in the Pearl River Delta region do not pay attention to the construction of their own corporate culture, and they lack the "people-oriented" corporate temperament This situation can lead to insufficient corporate cohesion and employee centripetal force, and a weak sense of belonging to the company. Restricted by the family-style management model, many small and medium-sized enterprises in the Pearl River Delta region hire and promote employees based on their blood relationship, resulting in mismatches in talents, positions and salaries. This kind of unfair competition makes it difficult to form an atmosphere of respect for knowledge and talents in the development of enterprises. The imperfection of the public service functions of local governments hinders job seekers to a certain extent
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