Research on Financing of Small and Medium Sized Enterprises in China Based on P2P Net Loan Platform

Zhu Lihao

doi:doi:10.11648/j.si.20170506.20

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Research on Financing of Small and Medium Sized Enterprises in China Based on P2P Net Loan Platform

Zhu Lihao

Published in Science Innovation (Volume 5, Issue 6)

Received: 5 December 2017 Accepted: Published: 6 December 2017

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Abstract

Small and medium-sized enterprises as an important part of China's economic development environment, already accounted for more than 99% of the proportion of Chinese enterprises accounted for. It not only made innovations in China's social production, promoted the economic prosperity, but also eased the pressure of urban employment on the basis of increasing exports. However, small and medium-sized enterprises still show weak trend in the development of market financing. On the one hand, the small and medium-sized enterprises are facing the pressure from the aspects of production, such as the RMB appreciation, rising labor costs, increase the cost of raw materials and financing costs increase, are factors that restrict loans through traditional banks and other financial institutions to small and medium sized enterprises; on the other hand, under the new situation of investment information the two sides of the small and medium-sized enterprise financing, the asymmetry of financial and non-financial information, lack of transparency and credit assessment difficult, are also important reasons restricting SMEs to bank loans. Moreover, small and medium-sized enterprises in the loan or in the process of financing, although the loan amount is small, but the loan frequency is high, and the financing period is relatively short, and the traditional financial institutions investment funds longer approval time has obvious difference, leading to small and medium-sized enterprises is difficult to adapt to the mode of financing and loan. But with the entry Internet plus era, the rapid development of computer technology, network technology, information and communication technology, making all kinds of Internet related technology, is gradually integrated into the financial sector, while the P2P (Peer to Peer point) net loan mode, is an important breakthrough of the traditional network technology into the financial sector. This not only makes the traditional lending mode change, but also makes the modern financial industry division of labor and specialization, is gradually replaced by the Internet and related technologies. It makes the meaning of it more obvious. Based on this, this paper uses the literature research and game analysis, the problems of the SME financing P2P net loan platform based on making research, and summarizes the measures should be taken: P2P net loan platform, small and medium-sized enterprises, investors, regulators, and credit evaluation institutions, jointly solve the financing difficulties of small and medium-sized enterprises Chinese the problem.

Published in	Science Innovation (Volume 5, Issue 6)
DOI	10.11648/j.si.20170506.20
Page(s)	386-391
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

P2P Net Loan Platform, Small and Medium-Sized Enterprises, Financing Difficulties, Financial System

References

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APA Style

Zhu Lihao. (2017). Research on Financing of Small and Medium Sized Enterprises in China Based on P2P Net Loan Platform. Science Innovation, 5(6), 386-391. https://doi.org/10.11648/j.si.20170506.20

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ACS Style

Zhu Lihao. Research on Financing of Small and Medium Sized Enterprises in China Based on P2P Net Loan Platform. Sci. Innov. 2017, 5(6), 386-391. doi: 10.11648/j.si.20170506.20

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AMA Style

Zhu Lihao. Research on Financing of Small and Medium Sized Enterprises in China Based on P2P Net Loan Platform. Sci Innov. 2017;5(6):386-391. doi: 10.11648/j.si.20170506.20

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@article{10.11648/j.si.20170506.20,
  author = {Zhu Lihao},
  title = {Research on Financing of Small and Medium Sized Enterprises in China Based on P2P Net Loan Platform},
  journal = {Science Innovation},
  volume = {5},
  number = {6},
  pages = {386-391},
  doi = {10.11648/j.si.20170506.20},
  url = {https://doi.org/10.11648/j.si.20170506.20},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.si.20170506.20},
  abstract = {Small and medium-sized enterprises as an important part of China's economic development environment, already accounted for more than 99% of the proportion of Chinese enterprises accounted for. It not only made innovations in China's social production, promoted the economic prosperity, but also eased the pressure of urban employment on the basis of increasing exports. However, small and medium-sized enterprises still show weak trend in the development of market financing. On the one hand, the small and medium-sized enterprises are facing the pressure from the aspects of production, such as the RMB appreciation, rising labor costs, increase the cost of raw materials and financing costs increase, are factors that restrict loans through traditional banks and other financial institutions to small and medium sized enterprises; on the other hand, under the new situation of investment information the two sides of the small and medium-sized enterprise financing, the asymmetry of financial and non-financial information, lack of transparency and credit assessment difficult, are also important reasons restricting SMEs to bank loans. Moreover, small and medium-sized enterprises in the loan or in the process of financing, although the loan amount is small, but the loan frequency is high, and the financing period is relatively short, and the traditional financial institutions investment funds longer approval time has obvious difference, leading to small and medium-sized enterprises is difficult to adapt to the mode of financing and loan. But with the entry Internet plus era, the rapid development of computer technology, network technology, information and communication technology, making all kinds of Internet related technology, is gradually integrated into the financial sector, while the P2P (Peer to Peer point) net loan mode, is an important breakthrough of the traditional network technology into the financial sector. This not only makes the traditional lending mode change, but also makes the modern financial industry division of labor and specialization, is gradually replaced by the Internet and related technologies. It makes the meaning of it more obvious. Based on this, this paper uses the literature research and game analysis, the problems of the SME financing P2P net loan platform based on making research, and summarizes the measures should be taken: P2P net loan platform, small and medium-sized enterprises, investors, regulators, and credit evaluation institutions, jointly solve the financing difficulties of small and medium-sized enterprises Chinese the problem.},
 year = {2017}
}

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TY  - JOUR
T1  - Research on Financing of Small and Medium Sized Enterprises in China Based on P2P Net Loan Platform
AU  - Zhu Lihao
Y1  - 2017/12/06
PY  - 2017
N1  - https://doi.org/10.11648/j.si.20170506.20
DO  - 10.11648/j.si.20170506.20
T2  - Science Innovation
JF  - Science Innovation
JO  - Science Innovation
SP  - 386
EP  - 391
PB  - Science Publishing Group
SN  - 2328-787X
UR  - https://doi.org/10.11648/j.si.20170506.20
AB  - Small and medium-sized enterprises as an important part of China's economic development environment, already accounted for more than 99% of the proportion of Chinese enterprises accounted for. It not only made innovations in China's social production, promoted the economic prosperity, but also eased the pressure of urban employment on the basis of increasing exports. However, small and medium-sized enterprises still show weak trend in the development of market financing. On the one hand, the small and medium-sized enterprises are facing the pressure from the aspects of production, such as the RMB appreciation, rising labor costs, increase the cost of raw materials and financing costs increase, are factors that restrict loans through traditional banks and other financial institutions to small and medium sized enterprises; on the other hand, under the new situation of investment information the two sides of the small and medium-sized enterprise financing, the asymmetry of financial and non-financial information, lack of transparency and credit assessment difficult, are also important reasons restricting SMEs to bank loans. Moreover, small and medium-sized enterprises in the loan or in the process of financing, although the loan amount is small, but the loan frequency is high, and the financing period is relatively short, and the traditional financial institutions investment funds longer approval time has obvious difference, leading to small and medium-sized enterprises is difficult to adapt to the mode of financing and loan. But with the entry Internet plus era, the rapid development of computer technology, network technology, information and communication technology, making all kinds of Internet related technology, is gradually integrated into the financial sector, while the P2P (Peer to Peer point) net loan mode, is an important breakthrough of the traditional network technology into the financial sector. This not only makes the traditional lending mode change, but also makes the modern financial industry division of labor and specialization, is gradually replaced by the Internet and related technologies. It makes the meaning of it more obvious. Based on this, this paper uses the literature research and game analysis, the problems of the SME financing P2P net loan platform based on making research, and summarizes the measures should be taken: P2P net loan platform, small and medium-sized enterprises, investors, regulators, and credit evaluation institutions, jointly solve the financing difficulties of small and medium-sized enterprises Chinese the problem.
VL  - 5
IS  - 6
ER  -

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Author Information

Zhu Lihao

Hangzhou College of Commerce, Zhejiang Gongshang University, Hangzhou, China

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APA Style

Zhu Lihao. (2017). Research on Financing of Small and Medium Sized Enterprises in China Based on P2P Net Loan Platform. Science Innovation, 5(6), 386-391. https://doi.org/10.11648/j.si.20170506.20

Copy | Download

ACS Style

Zhu Lihao. Research on Financing of Small and Medium Sized Enterprises in China Based on P2P Net Loan Platform. Sci. Innov. 2017, 5(6), 386-391. doi: 10.11648/j.si.20170506.20

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AMA Style

Zhu Lihao. Research on Financing of Small and Medium Sized Enterprises in China Based on P2P Net Loan Platform. Sci Innov. 2017;5(6):386-391. doi: 10.11648/j.si.20170506.20

Copy | Download

@article{10.11648/j.si.20170506.20,
  author = {Zhu Lihao},
  title = {Research on Financing of Small and Medium Sized Enterprises in China Based on P2P Net Loan Platform},
  journal = {Science Innovation},
  volume = {5},
  number = {6},
  pages = {386-391},
  doi = {10.11648/j.si.20170506.20},
  url = {https://doi.org/10.11648/j.si.20170506.20},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.si.20170506.20},
  abstract = {Small and medium-sized enterprises as an important part of China's economic development environment, already accounted for more than 99% of the proportion of Chinese enterprises accounted for. It not only made innovations in China's social production, promoted the economic prosperity, but also eased the pressure of urban employment on the basis of increasing exports. However, small and medium-sized enterprises still show weak trend in the development of market financing. On the one hand, the small and medium-sized enterprises are facing the pressure from the aspects of production, such as the RMB appreciation, rising labor costs, increase the cost of raw materials and financing costs increase, are factors that restrict loans through traditional banks and other financial institutions to small and medium sized enterprises; on the other hand, under the new situation of investment information the two sides of the small and medium-sized enterprise financing, the asymmetry of financial and non-financial information, lack of transparency and credit assessment difficult, are also important reasons restricting SMEs to bank loans. Moreover, small and medium-sized enterprises in the loan or in the process of financing, although the loan amount is small, but the loan frequency is high, and the financing period is relatively short, and the traditional financial institutions investment funds longer approval time has obvious difference, leading to small and medium-sized enterprises is difficult to adapt to the mode of financing and loan. But with the entry Internet plus era, the rapid development of computer technology, network technology, information and communication technology, making all kinds of Internet related technology, is gradually integrated into the financial sector, while the P2P (Peer to Peer point) net loan mode, is an important breakthrough of the traditional network technology into the financial sector. This not only makes the traditional lending mode change, but also makes the modern financial industry division of labor and specialization, is gradually replaced by the Internet and related technologies. It makes the meaning of it more obvious. Based on this, this paper uses the literature research and game analysis, the problems of the SME financing P2P net loan platform based on making research, and summarizes the measures should be taken: P2P net loan platform, small and medium-sized enterprises, investors, regulators, and credit evaluation institutions, jointly solve the financing difficulties of small and medium-sized enterprises Chinese the problem.},
 year = {2017}
}

Copy | Download

TY  - JOUR
T1  - Research on Financing of Small and Medium Sized Enterprises in China Based on P2P Net Loan Platform
AU  - Zhu Lihao
Y1  - 2017/12/06
PY  - 2017
N1  - https://doi.org/10.11648/j.si.20170506.20
DO  - 10.11648/j.si.20170506.20
T2  - Science Innovation
JF  - Science Innovation
JO  - Science Innovation
SP  - 386
EP  - 391
PB  - Science Publishing Group
SN  - 2328-787X
UR  - https://doi.org/10.11648/j.si.20170506.20
AB  - Small and medium-sized enterprises as an important part of China's economic development environment, already accounted for more than 99% of the proportion of Chinese enterprises accounted for. It not only made innovations in China's social production, promoted the economic prosperity, but also eased the pressure of urban employment on the basis of increasing exports. However, small and medium-sized enterprises still show weak trend in the development of market financing. On the one hand, the small and medium-sized enterprises are facing the pressure from the aspects of production, such as the RMB appreciation, rising labor costs, increase the cost of raw materials and financing costs increase, are factors that restrict loans through traditional banks and other financial institutions to small and medium sized enterprises; on the other hand, under the new situation of investment information the two sides of the small and medium-sized enterprise financing, the asymmetry of financial and non-financial information, lack of transparency and credit assessment difficult, are also important reasons restricting SMEs to bank loans. Moreover, small and medium-sized enterprises in the loan or in the process of financing, although the loan amount is small, but the loan frequency is high, and the financing period is relatively short, and the traditional financial institutions investment funds longer approval time has obvious difference, leading to small and medium-sized enterprises is difficult to adapt to the mode of financing and loan. But with the entry Internet plus era, the rapid development of computer technology, network technology, information and communication technology, making all kinds of Internet related technology, is gradually integrated into the financial sector, while the P2P (Peer to Peer point) net loan mode, is an important breakthrough of the traditional network technology into the financial sector. This not only makes the traditional lending mode change, but also makes the modern financial industry division of labor and specialization, is gradually replaced by the Internet and related technologies. It makes the meaning of it more obvious. Based on this, this paper uses the literature research and game analysis, the problems of the SME financing P2P net loan platform based on making research, and summarizes the measures should be taken: P2P net loan platform, small and medium-sized enterprises, investors, regulators, and credit evaluation institutions, jointly solve the financing difficulties of small and medium-sized enterprises Chinese the problem.
VL  - 5
IS  - 6
ER  -

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