中小企业融资难外文翻译文档格式.docx

中小企业融资难外文翻译文档格式.docx

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Financingsmallandmedium-sizedproblemisnotuniquetoChina.IntheUnitedStates,theexistenceofsuchaneconomicphenomenonofthesame,thedifferenceisthattheU.S.governmentmeasurestosupportamarket-orientedSMEs.

China'

sveryrapiddevelopmentofSMEs,currentlyhasmorethan430millionsmallandmediumenterprises,SMEscanbeseenineconomicactivityinChinatooccupymoreandmoreofthecomponentsalready.InordertohelpthedevelopmentofSMEsinChina,thecentralgovernmenthaspromulgatedanumberofpoliciesinrecentyears.However,asfundingisconcerned,themajorityofdomesticsmallandmediumenterprisesarestilleverywhere,"

meetwitharebuff."

Becauseofshortageoffundsinmanysmallandmediumenterprises,developmenthasbeenlimited.Perhaps,theU.S.governmenttoencouragesmallandmedium-sizedwaysandmeansoffinancingisworthlearningfrom.

SimilarlytheUnitedStatestherearedifficultiesinSMElending

AlthoughtheU.S.companiestheproportionofbankfinancingthroughexternalfinancingaccountedforabout61.8percent,butsmallandmedium-sizedview,becauseoftheexistenceofrelativelyhighcreditrisk,leadingfinancialinstitutions,commercialloanstosmallandmedium-sizedlackofimpactonthefinancingofsmallandmediumenterprises.

U.S.commercialwell-developedfinancialsystem,buttheprevalenceofsmallandmedium-sizedsmallscale,lackofcredit,thereasonsforpoorbusinessenvironment,smallandmedium-sizedfinancialinstitutionsarenotcommercialloansthepreferredtarget.Developmentandstabilitythatonlythoseproductswithmarketandcreditconditionsfavorabletosmallandmedium-sizedcommercialbankstoobtainloans.ThispointandtreatChina'

scommercialbanksloanstoSMEswithlittledifferencebetweentheattitude

Typically,theUnitedStatestheamountoflong-termfinancingofSMEsand25%~85%fromtheaccumulationoftheenterprise.90Inthemid-20thcentury,thetotalinternalsourcesoffundsfinancingtheproportionroseto61.5percentfrom82.8percent,whichshowsthattheUnitedStatestoobtaincommercialfinancingofsmallandmedium-sizedproportionwasnothigh.

ThedifferenceisthattheU.S.governmenthasneverbeentothecommercialfinancialinstitutionsto"

issue"

administrativeindicators,butmainlythroughgovernmentpolicyonsmallandmedium-sizedfinancialinstitutionstoprovidetheGuaranteeFund,andguidefinancialinstitutionsincommerciallendingtoSMEs.Inaddition,theSMECreditGuaranteeintheUnitedStates,thecommercialbanksalsohavealargerinitiative,todecidewhetherornottheloan,whethertoapplyforgovernmentguarantees.

Inaddition,theU.S.governmentandthelocalsmallandmedium-sizedforeignbankshavenotprovidedanyfinancingandloanservices.WouldliketoobtainfinancingunlessthebusinesshasbeensuccessfullyregisteredintheUnitedStates,andtheownerofthisbusinessisaU.S.citizenorpermanentresidenceoftheU.S.federaltaxpayers.

Contrast,thefinancingstructureofSMEsintheUnitedStates

U.S.smallandmedium-sizedandlargeenterprisesthroughequityfinancinganddebtfinancingtofundaccesstobusinessdevelopment.EquityfinancingforSMEsintheUnitedStatesaccountedfor49.63%oftotalassets,debtfinancingforSMEsaccountedfor50.37%oftotalassets.FinancingstructureoftheUnitedStatesthroughtheanalysisandcomparison,wegetthefollowingrevelation:

Inimprovingthefinancialindustryspecializationtodevelopatthesametimesmallandmedium-sizedfinancialinstitutions,thefinancingofsmallandmedium-sizedchangesinthestatusofthesystemalsodependsonthearrangementsfornon-financialinnovation.Ontheonehand,includinglargeenterprises,includingthesystemofinnovationistobroadenthefinancingchannelsforSMEsinanimportantway.Ontheotherhand,theeffectivenessofinnovationinthefinancialsystem,alsodependsontherealeconomytocreatethesystem.

WiththeWestisrelativelysoundfinancialsystemcountries,China'

ssmallandmediumenterprisesfinancingdifficultiesfacedbySMEsinWesterncountriesthaninmoredifficult,notonlyisChina'

sfinancialinstitutions,theimpactofpreferences,therearemanyreasonsfortheirownfinancialinstitutions.Atthesametime,themarketsystem,interestratesandcharges,mortgagesandguarantees,andotheraspectsofintegrationofthefinancialsector,China'

smarketandtheneedtoimprovethesystem.

ChinastartedthedevelopmentofSMEswithforeigncapitalcomparedtolessthansignificantinthedevelopmentoftheindustryareoftensubjecttorestrictionsontheadjustment.Infact,China'

ssmallandmediumenterprisesintheCreditRatingsinthelowergrades,itisdifficulttoobtainthetrustoffinancialinstitutions,whichdirectlyaffecttheirlending.China