从紧货币政策下的中小企业融资困境

诸多先天性缺陷决定了中小企业融资难，而从紧货币政策背景下银行信贷管理政策的调整，更加剧了中小企业的融资困境。从宏观经济运行看，通货膨胀导致了中小企业融资需求的增长。然而，反通货膨胀的货币政策对流动性的紧缩，却打破了中小企业原有的融资结构性平衡，抬高了中小企业融资门槛和成本。在融资渠道狭窄和融资能力有限的前提下，中小企业应坚持流动性为主的原则审慎适度扩张，选择最匹配的银行作为长期合作伙伴，避免在经济运行步入下行周期时资金链难以为继而陷入困境。

Small & Medium-sized Enterprise Financing Dilemma under the Tight Monetary Policy

Many innate defects have determined the enterprise financing dilemma of small & medium-sized,while the adjustment of bank credit management policy under the condition of tight monetary policy has made things even worse.Seen from macro economic operation,inflation has resulted in growth of small & medium-sized enterprise financing demand.However,anti-inflation monetary policy has deflated liquidity but has broken the original financing structural balance in small & medium-sized enterprises,raised their finan...