Download pdf
China's SME Financing and Shadow Banking’s Positive Impact on it
- 1 Ningbo University
- 2 Rice University
* Author to whom correspondence should be addressed.
Abstract
The paper deals with the impacts of shadow banks on small and medium enterprise financing. The overview of the field and the current situation of SMEs are discussed, as well as how vital SMEs are in China. The financing venues and predicaments for SMEs are concerned; we further show how SMEs benefit from the shadow bank. The paper describes the relationship between SMEs and shadow banks and expounds on the shadow bank from the borrower, lender, and investor perspective. Finally, we analyze the financing environment of SMEs and find that the climate is improving though banks are pessimistic.
Keywords
SMEs, shadow banks, SME financing
[1]. [1]Zhou Baohai "Three Enlightenments from the Development of Henkel to the Sustainable Development of Small and Medium-sized Enterprises in China". Journal of Jiaozuo University,34.2(2020):78-80.
[2]. [2]National Bureau of Statistics. China Statistical Yearbook 2004 [J]. China Statistical Publishing House, 2004
[3]. [3]National Bureau of Statistics of the China. 2012 Statistical Bulletin of National Economic and Social Development of the China: Chinese English Comparison [M]. China Statistics Press, 2013
[4]. [4]International Comparison and Chinese Experience in Financing of Small and Micro Enterprises. 2020. Research Group of the Research Bureau of the People's Bank of China.https://www.financialnews.com.cn/ll/xs/202005/t20200527_191893.html
[5]. [5]Over the past 10 years, the growth rate has been 2.7 times, and the quality and efficiency have continuously improved - the number of small and medium-sized enterprises in China has reached 48 million.https://www.gov.cn/xinwen/2022-09/02/content_5707953.htm?eqid =aaa31c7a0018891200000006645f9ca6
[6]. Ren Zeping: Research on the Current Situation of Small and Medium-sized Enterprises in China in 2021 (2021). Ren Zeping http://finance.sina.com.cn/zl/china/2021-12-20/zl-ikyamrmz0029687.shtml
[7]. research Consulting Group, (2021) China's SME Financing Development Report.https://www.iresearch.com.cn/Detail/report?id=3877&isfree=0
[8]. Research research Consulting Group, (2023) Research report on the development and prospect of small and micro-financing in 2022.https://www.iresearch.com.cn/Detail/report?id=4139&isfree=0
[9]. The New Third Board Market of the Beijing Stock Exchange will raise 28.1 billion yuan in 2021 to serve the high-quality development of small and medium-sized enterprises and the real economy.http://www.wabei.cn
[10]. Analysis of the Current Situation of China's Small and Medium-sized Enterprise Financing Market in 2021: More Sustainable Financing Support for Small and Medium-sized Banks_ Industry research report https://baijiahao.baidu.com/s?id=1708324118024823681&wfr=spider&for=pc.
[11]. The report on financing small and micro enterprises after the epidemic shows that the asset-liability ratio of 44.3% of small and micro enterprises exceeds 40% - news - Shanghai Securities Journal (2022). China Securities Network. Chen Fang.https://news.cnstock.com/news,bwkx-202012-4635201.htm
[12]. Xue Xiaoming, and Wang Yuxue Analysis of Talent Loss and Countermeasures in Small and Medium-sized Enterprises. Hebei Enterprises,11(2021):144-146.
[13]. Scoreboard A O .Financing SMEs and Entrepreneurs 2012[J].[2023-06-28]..
[14]. Cross-Sector – China: China Shadow Banking Monitor, Moody’s,2022-9-28,15
[15]. Shao Jiahui. Research on the Impact of Shadow banking system on SME Financing.2019. Xi'an University of Science and Technology,MA thesis.
[16]. Daniel Badulescu. SMEs financing: the extent of need and the responses of different credit structures[J]. Theoretical and Applied Economics, 2010, Vol.07(548):25-36
[17]. Li Jun. Empirical Study on Factors Influencing SME Financing. 2017. Kunming University of Science and Technology,MA thesis.
Cite this article
Feng,Y.;Guan,X. (2023). China's SME Financing and Shadow Banking’s Positive Impact on it. Advances in Economics, Management and Political Sciences,39,47-59.
Data availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
Disclaimer/Publisher's Note
The statements, opinions and data contained in all publications are solely those of the individual author(s) and contributor(s) and not of EWA Publishing and/or the editor(s). EWA Publishing and/or the editor(s) disclaim responsibility for any injury to people or property resulting from any ideas, methods, instructions or products referred to in the content.
About volume
Volume title: Proceedings of the 7th International Conference on Economic Management and Green Development
© 2024 by the author(s). Licensee EWA Publishing, Oxford, UK. This article is an open access article distributed under the terms and
conditions of the Creative Commons Attribution (CC BY) license. Authors who
publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons
Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this
series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published
version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial
publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and
during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See
Open access policy for details).