By Wang Zhao　

Date: 2004/11/13

Abstract:    

To remove the financing obstacles faced by small and medium-sized enterprises, developed nations often adopt a variety of strong measures to narrow down the information gap between banks and enterprises. These measures provide us with useful ideas for exploring new ways to finance China's small and medium-sized enterprises. It is of crucial importance to make full use of relationship-based lending offered by small and medium-sized banks and speed up the flattening of the organizational structure of the big commercial banks. The ultimate solution, however, lies in the establishment of a good credit information system.