Financing Investigation and Analysis of Small and Micro Enterprise in Wuhan Cluster Market
|School||Central China Normal University|
|Keywords||small and micro enterprise cluster market financing research|
With China’s rapid economic development, commercial activities become more frequent, the number of enterprises has also increased, which accounted for99%of China’s total number of enterprises of small and micro enterprises. These enterprises have created56%of the total number of China’s GDP, contributed46%of the tax and provided about80%of urban jobs. But the current bank loans only accounted for16%which the unreasonable allocation of financial resources hampered the development of small and micro enterprises seriously. Small and micro enterprise is an important part of China’s economy. The healthy development of small and micro enterprise not only plays an important role in the stable development of the national economy but also has great significance to the social harmony and stability.Wuhan is an important base of national trade and logistics, also is one of the most active region of small and micro enterprises activities. The development of Wuhan cluster market merchants can be said to be the epitome of small and micro enterprises in China. It is very typical. This paper analysed the financing strategies and measures that should be taken to promote the development of small and micro enterprises which based on the financing situation of Wuhan City cluster market, and provided some basises for win-win cooperation of financial institutions and small and micro enterprises.Through investigation and research of the situation in development of three typical cluster market in Wuhan, this paper analysed business model and characteristic, also the development status and financing of small and micro customers in cluster market. Management situation of the cluster market, overview of scale, market matching and market property profiles, business operating and settlement models were analyzed in this paper. The facts prove that the on-site investigation, innovative product design, effective financing model as well as complete financial management system can not only effectively solve the financing problems of small and micro enterprises, but also bring unlimited market for commercial banks.How small and micro customers can get better financing services with the rapid development of small and micro enterprises and imperfect financial system? This paper presents the following advice:Firstly, provide perfect financing services for the development of small and micro enterprises by innovating the financing models of cluster market. Secondly, broaden the financing channels and platforms so that more rural banks and private capital could enter into small and micro enterprises financing platform, and provide new services for these enterprises. Thirdly, encourage business model transformation and upgrading of small and micro enterprises, enhance the management level and promote the development of small-scaled enterprises.