What are the extent of Small and Medium-sized Enterprises Financing Problems in China and Its Countermeasures : Based on SME financing system and cases of Tianjin

Abstract: Small and medium sized enterprises have become significant component of Chinese economy. At present, the financing difficulties of SMEs have become a biggest hurdle in sustainable Development of the "bottleneck." This paper analyzes the current condition of financing of SMEs in China specifically in Tianjin and existing problems and address these issues and put forward innovative financial schemes, develop the financial system, expand financing channels, to optimize the financial environment is difficult to solve the problem of SME financing priority. It needs to find more resources for better system. Three tested and tried approaches that have worked are; First, SMEs need backing from the government and its institutions. Then, the government needs to relax loans on the SME sector. Last and third, government needs to make use of other funds such as bonds, growth financing and other ways to push for SME financing, in a quicker approach.