SMES＇FINANCING,Hard Nut to Be Cracked？

Small and medium-sized enterprises （SMEs） are a crucial driving force for innovation, employment and development and the engines of growth in an economy. But as the sector is characterized by information asymmetries and high processing costs, banks are reluetam to lend to SMEs, which have long faced difficulties in financing. Amid capital depletion, risk aversion and credit contraction in the current global economic crisis, the issue of financing for SMEs is a pressing issue for all natlons, which is not exceptional to China.

SMES＇FINANCING,Hard Nut to Be Cracked？