Small and medium-sized enterprises (smes) are the main force of national
economic development, which account for the majority of the total number of
enterprises in China and play a decisive role in promoting economic development
and social stability. However, due to the impact of the financial crisis, many small and
medium-sized enterprises are in a difficult situation of operation. How to effectively
improve the financing situation of smes and reduce the financing cost of smes has
become a key issue for the development of smes.