Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 27, 2022 erstellt
Beschreibung:
Small-Sized and Medium-Sized Enterprises (SMEs) are the main authority of the economic system in the People’s Republic of China. Although the economic scale of China develops quickly, the economic structure restricts the qualification of economic. At this moment, the path of loan does not fit with the economic structure. With the influence of other variables, such as trade war, deleveraging, and Financing Constraints, SMEs have obstacles to financing. The traditional monetary policy mainly influences the nation-owned square, such as the housing market and heavy industry. SMEs could not earn enough money to supply from the traditional monetary policy. From 2011 to 2017, the percentage of SMEs earning money from banks declined from 12.2% to 9.8%. And the short-time loan rate is lower because of the international easing monetary policy, which has declined to 1.5% in the December of 2015. To diversify the flow of monetary financial resources to the SMEs, the government of the PRC has created a variety of structured monetary policies, the effect and influence mechanism between this policy and the financing constraints is not clear at all. The paper tries to discuss these important items