ABSTRACT
With the development of the national economy, technological SMEs with their own innovation and high growth have become a new force in modern economy, having an important significance in promoting science and technology innovation and transformation of sci-tech achievements. However, technological SMEs are mostly in the stage of growth with characteristics of poor management capacity, small dimension, less mortgage assets, resulting in its very difficulties to obtain loans from bank affiliated enterprises. In order to break the bottleneck of financing difficulty of technological SMEs, the cbrc and the ministry of science and technology jointly issued Guiding opinions on further Strengthening credit support of technological SMEs (2009), which put forward that “strengthening the combination of science and technology resources and financial resources, defining and perfecting relevant policies that banks provide credit support for small technological firms, establishing long-term mechanism that banking supports of technological firms” etc. Setting up the risk compensation mechanism of loan in order to encourage state-owned commercial bank, joint-stock bank, post savings bank to further increase the amount of loans for and financial services for technological SMEs.
