Discussions and Prospects of the Financing Environment for SMEs across the Taiwan Strait

• Main Authors: Chieh-Hsiu Liao, 廖介秀
• Other Authors: Mei-Yuan Chen
• Format: Others
• Language: zh-TW
• Published: 2013
• Online Access: http://ndltd.ncl.edu.tw/handle/36397256510825013977

碩士 === 國立中興大學 === 高階經理人碩士在職專班 === 101 === Abstract In stead of manufacturing businesses with great capital size, Taiwanese SMEs (small and medium-sized enterprise) with smaller capital size are allowed to do business in China as economic and trade interactions between the two sides of Taiwan strait become more and more frequent and open nowadays. It is well known that the key factor to the success of SMEs is loan financing. However, these days, SMEs in China encounter severe financing problems, difficult to obtain collateral loans and abnormal high financing cost. The contribution of the successful development of SMEs on the Taiwan economic miracle is well recognized. It is interesting to know whether the development of SMEs in Taiwan provides a good lesson or not to the SMEs development in China. This is the main gal of this thesis. We study comprehensively the history of SME development in Taiwan, typically the design and regulations of financing system, and the financing environment of SMEs in China. We find that, first, the paths of development and the problems faced to the SMEs are very similar to Taiwan and China. Therefore, Taiwan’s experience can definitely serve as a great reference to China. We make the following suggestions to the SMEs , financial institutions, and government in China based our studies. To SMEs, we suggest (1) decrease the unparalleled information phenomenon, and (2) establish credit and maintain reliability with financial institutions. As to the financial institutions, we suggest (1) utilize governmental resources, (2) improve bankers’ professional knowledge for financing, (3) set up credit evaluation model, and (4) design and innovate new credit products. Finally, to the government we suggest (1) establish regulations and laws to help the financing of SMEs, (2) create policy banks for the financing of SMEs, (3) build and fulfill credit insurance organizations’ funds, and (4) establish consultation organizations specifically responsible for solving the financing problems of SMEs.