Research on Financing Difficulties and Countermeasures of Small and Micro-Enterprises in China: An Analysis Based on COVID-19
- DOI
- 10.2991/assehr.k.210120.047How to use a DOI?
- Keywords
- the small and micro-enterprises, the epidemic situation of COVID-19, financing difficulties, countermeasures, China
- Abstract
This paper focuses on the current financing status of Chinese small and micro-enterprises under the epidemic situation of COVID-19 in early 2020 and explores the causes and recommendations from different perspectives. Using survey data from these enterprises, and observing the changes in financing sources of HB Trading Company before and after the epidemic, we find that although the epidemic has increased financing difficulties of enterprises, it was not the primary cause. The financing problems are caused by the imperfect credit systems of enterprises, the inadequate financial service systems and cumbersome approval procedures of government and the exclusive finance of financial institutions. Therefore, the paper makes targeted policy countermeasures from three different aspects, first of all, the small and micro-enterprises should establish their own brands, and improve management and credit systems, and then the government ought to improve the financial service systems and increase policy supports; in addition, the financial institutions should establish two-way information disclosure mechanisms and innovate financing methods.
- Copyright
- © 2021, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Huixiang Wang AU - Hui Xu PY - 2021 DA - 2021/01/20 TI - Research on Financing Difficulties and Countermeasures of Small and Micro-Enterprises in China: An Analysis Based on COVID-19 BT - Proceedings of the 2020 3rd International Seminar on Education Research and Social Science (ISERSS 2020) PB - Atlantis Press SP - 247 EP - 251 SN - 2352-5398 UR - https://doi.org/10.2991/assehr.k.210120.047 DO - 10.2991/assehr.k.210120.047 ID - Wang2021 ER -