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Comparative Study on Financing Support to SMEs in ASEAN

Author: RenHongGuang
Tutor: BaoJingHai
School: Hebei University
Course: Finance
Keywords: ASEAN SMEs Financing support Market failure Public goods
CLC: F276.3
Type: Master's thesis
Year: 2011
Downloads: 118
Quote: 0
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Abstract


From the experience of the development of the world economy, small and medium enterprises in the economic development of countries play a pivotal role in it promote the development of the national economy, provide employment opportunities and maintaining social stability is of great significance. Factors SMEs, small-scale, imperfect corporate governance structure, the financial system is not perfect, the prevalence of the problem of the financing gap, to eliminate the financing gap for SMEs, support SME financing, the major significance of the country's economic development. ASEAN since its inception in 1961, constantly absorbing new members to play an important role in promoting regional economic growth, social progress and cultural development. SMEs are the basis of economic development of the ASEAN countries, their contribution to the national economy accounts for about 30% -53% of the total GDP, contribution to export about 19% -31%. They are not only a major force in all sectors of the economy, the largest source, but also in rural and remote areas. ASEAN countries, mostly developing countries, although not perfect support system to a large extent on the development of small and medium-sized enterprises, but also developing countries, China, experiences and lessons learned have reference value. Since January 1, 2010, China - ASEAN Free Trade Area (CAFTA) was officially launched, thus forming a population of 1.9 billion by the 11 countries, the total trade volume of $ 4.5 trillion and GDP total a huge market of close to $ 6 trillion, it shows that climbed to a new stage of economic and trade cooperation between China and ASEAN, Chinese SMEs to go abroad, to develop the ASEAN market, the strengthening of regional cooperation is a good opportunity for development. In this paper, the theory of \the necessity and reasonableness of the financing support. In the theoretical system support, administrative agencies set by ASEAN SMEs, legal support, fiscal, taxation and financial support policies in four areas to make a statement, and analysis of the experiences and lessons of the ASEAN countries SME financing support for the country SME financing support to provide a reference. Finally, this paper presents the development of four areas to build a service system for SMEs to optimize the environment for SME development, promote the innovation and development of SMEs, expand financing channels for SMEs SME financing support system suitable for China's national conditions.

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CLC: > Economic > Economic planning and management > Enterprise economy > A variety of enterprise and economic > Small and medium-sized enterprises, township enterprises
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