Author(s)

Xia Ruihan ¹, Pan Quanfu ¹

Affiliation(s)

¹ College of Economics and Management, Heilongjiang Bayi Agricultural University, Daqing, China

Corresponding Author

Pan Quanfu

ABSTRACT

The solution to China's small- and medium-sized business financing dilemma lies in fostering the country's superior economic growth. The growth of digital inclusive finance has greatly increased small and medium-sized businesses' financing efficiency. This article offers a comprehensive solution to problems like information asymmetry, high costs, single channels, and strict financing requirements. The government must create a platform for information disclosure, strengthen oversight, play a leading and encouraging role, and develop preferential policies. Financial institutions ought to develop new financing options, streamline operations, cut expenses, and improve their partnerships with small and medium-sized businesses. Small and medium-sized businesses must fortify internal management, raise credit ratings, and improve the quality of information disclosure. Every societal segment ought to take an active role and collaborate to enhance the financial landscape. Through a variety of initiatives, we seek to support small and medium-sized businesses' healthy growth, ease their funding challenges, and advance social stability and economic expansion.

KEYWORDS

Small and medium-sized enterprises; Financing; Inclusive finance

CITE THIS PAPER

Xia Ruihan, Pan Quanfu, Research on the countermeasures for the financing difficulties of small and medium-sized enterprises in the context of digital finance. Financial Engineering and Risk Management (2024) Vol. 7: 57-63. DOI: http://dx.doi.org/10.23977/ferm.2024.070308.

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