我国中小企业产融结合的可行性及模式选择

在分析我国产融结合现状和特点的基础上,探讨了我国中小企业实施产融结合的可行性,认为我国当前中小企业具有实施产融结合的强烈动因,具备了实施产融结合的法律、政策、资本市场及中小企业自身四方面的基本条件,同时有着大企业成功实施产融结合的丰富经验,因此在中小企业中实施产融结合是可行的;并认为我国中小企业产融结合必须采取政府鼓励和支持下的、产业资本和金融资本双向流动和渗透的市场主导模式,最后提出了参股、专业银行、互助合作发展基金、地方性融资债券等四种可能的中小企业产融结合形式。

The Feasibility and Mode Select of Combination between Industry and Finance on Small and Medium-sized Enterprises

Based on analyzing the status and characteristics of Combination between Industry and Finance（CIF）, this paper disc- usses the feasibility of implementing CIF of small and medium-sized enterprises（SME） in our country, thinks that SME have strong m- otivations to implement CIF and four basic aspects of implementation CIF such as laws, policies, capital market and SEM themselves. At the same time, with the successful experience of large enterprises CIF, the implementation of CIF in SEM is feasible, and points out that CIF of SME in our country must take the market-leading mode of the industrial capital and financial capital two-way flow under the government encouragement and support. Finally, it proposes four kinds of possible combination form of SME, equity, specialized banks, mutual cooperation and development fund, and so on.