Abstract
Financial difficulty has been one of the outstanding problems to obstruct the development of china's high-tech small and medium-sized enterprise (high-tech SMEs).the paper is focused on the financial problems that restrict the development of the high-tech SMEs.
This paper holds that there are four main reasons which cause high-tech SMEs of our country financial problem, which are listed as follows: first, information dissymmetry between the banks and enterprises is a key reason; second, many high-tech SMEs have high level of operation risk, which directly lead to the financing problems of the high-tech SMEs; third, the structure of financial system in our country is not very reasonable, therefore. There are not enough middle and small scale financial constructions to serve the high-tech SMEs to meet their capital demands; finally, the finance policy had ignored or maybe paid no attention to the high-tech SMEs' demands in capital.
According the situations of the high-tech SMEs in our country and analysis and comparison in the reasons of finance difficulties, the paper provide several methods to help solving the problems of the financing difficulties of the high-tech SMEs : corresponding to the environment characteristics of these firms' financing, drawing lessons from the abroad experience, it's necessary to establish a trustworthiness system of small and medium-sized firms as soon as possible to establish a sound reputation guarantee system for the small and medium-sized firms. quicken risk investment industry development, and provide mighty capital support for the small and medium-sized firms, so as to improve the financing environment.
Key words: hi-tech small and medium-sized firms financing environment
