联系我们

论文查询结果	返回搜索

论文编号：	10295
作者编号：	2220132416
上传时间：	2018/12/5 18:44:01
中文题目：	地方政府投资公司支持中小微企业融资研究
英文题目：	Research on Supporting Micro,Small and Medium Enterprises Financed by Local Government Investment Firms
指导老师：	薛有志教授
中文关键字：	支持 融资 中小微企业 地方政府投资公司 青岛
英文关键字：	Support Financing Micro Small and Medium Enterprises Local Government Investment Firms Qingdao
中文摘要：	中小微企业是推动中国社会经济发展的重要力量。20世纪90年代以来，我国经济发展迅猛，中小微企业的积极作用愈加凸显，不仅吸纳大量劳动力，而且贡献了76%以上的工业新增产值。然而，中小微企业发展遭遇融资难、成本高等瓶颈，不少潜力股因资金链断裂而倒在了黎明前。 本文紧密结合中国国情、青岛市经济发展特点，围绕笔者青岛政府投资公司多年投融资从业经历为主线展开。首先，文章提出了中小微企业正面临的融资难题，系统分析了中小微企业融资的国内外理论研究动态、融资模式、融资难的内外部成因。随后，笔者结合地方政府投资公司——华通集团多年投融资从业经历，论述了集团旗下华商汇通融资租赁公司、小额贷款公司、科技风险投资公司基金业务等支持中小微企业融资方案，提出完善地方政府投资公司融资服务的建议。采用金融生长周期作为研究分析工具，运用归纳法，重点实证分析了地方政府投资公司华通集团旗下担保中心支持三力本诺融资项目，促进公司更快更好发展的项目案例，归纳出地方政府投资公司支持三力本诺融资促进发展的启示，为中小微企业融资服务提供有益借鉴。 最后，笔者提出观点和建议。认为地方政府投资公司除了以国企改革发展为己任，更肩负着扶持培育当地优质中小微企业发展的重任，应兼顾社会效益与经济效益，为传统融资方式提供有益补充。不仅提供多元化的融资服务，更多地要考虑企业所处的发展阶段需求，配置与之相适应的融资方案，助力中小微企业高速度、高质量地可持续发展。建议地方政府投资公司从以下五个方面着手提高中小微企业融资服务成效：一是依托地域软信息、政策红利及政府平台资源优势，探索风险共担补偿机制、市区两级周转贷引导基金，为中小微企业提供创新融资方案。二是打造实力雄厚的融资担保平台，解决中小微企业与银行信息不对称问题。三是构建全牌照非银行类金融业务体系，为中小微企业提供全生命周期跟踪融资服务。四是建立中小微企业多层次资本市场直接融资体系，为中小微企业提供直接融资和溢价退出方案。五是完善地方政府投资公司内部金融人才培育体制，为中小微企业提供优质融资服务。
英文摘要：	Micro, Small, and Medium Enterprises may play an important part in promoting China's social and economic development. Since the 1990s, With China's rapid economy development, micro, small and medium enterprises have play more positive role not only in absorbing a number of workforce but also in contributing to more than 76% of the industrial output value newly added. However, the development of micro, small and medium enterprises encountered difficulties in bottlenecks such as financing and high cost. Numerous potential enterprises fell before dawn due to the capital chain break . This article is closely integrated with China's national conditions as well as the characteristics of economic development in Qingdao City. The paper focuses on many years of financing experience of the author in Qingdao city's Local Government Investment firm. First of all, the article puts forward the financing problems faced by micro, small and medium enterprises, and analyzes the domestic as well as foreign theory researches, financing modes and the internal and external factors of difficulties. Subsequently, combing with the local government investment firm—Huatong Group's many years of investment and financing experience, the author discusses financing solutions of group's Huashang Huitong financial leasing company, microfinance company as well as technology venture capital company's fund business to support small and medium-sized enterprises, and puts forward the improvement Local government investment company financing services recommendations. Using the financial growth cycle as a research tool and the inductive method, the author makes the key analysis of the local government investment company Huatong Group's guarantee center to support the Sanli Benno's financing project to promote the company develop faster and better. The author sums up the local government Investment firm's inspiration of Sanli Benno financing for development, which provides useful reference for small and medium-sized enterprises financing services. Finally, the author puts forward ideas and suggestions. It is believed that local government investment companies are not only responsible for the reform and development of state-owned enterprises, but also shoulder the heavy responsibility of supporting the development of local high-quality small and medium-sized enterprises. They should take into account social and economic benefits and provide useful supplements for traditional financing methods. It not only provides diversified financing services, but also needs to consider the needs of the development stage of enterprises, and to allocate financing solutions to help small and medium-sized enterprises to achieve high speed and high-quality sustainable development. It is suggested that local government investment companies should improve the effectiveness of financing services for small and medium-sized enterprises from the following five aspects: First, relying on regional soft information, policy dividends and government platform resources, it is necessary to explore risk sharing compensation mechanism and urban two-level revolving loan guidance fund, and to provide innovative financing solutions for small and medium-sized enterprises. The second aspect is to build a strong financing guarantee platform to solve the problem of information asymmetry between small and medium-sized enterprises and banks. The third is to build a fully licensed non-bank financial business system to provide small and medium-sized enterprises with full life cycle tracking financing services. The fourth is to establish a multi-level capital market direct financing system for small and medium-sized enterprises, which would provide direct financing and premium exit solutions for small and medium-sized enterprises. The fifth is to improve the internal financial talent cultivation system of local government investment firms and provide high-quality financing services for small and medium-sized enterprises.
查看全文：	预览  下载(下载需要进行登录)