小微企业融资研究——以新疆为例摘要我国小微企业融资难现象严重，具体表现为：融资渠道不畅、融资成本过高、发行上市困难，这与小微企业实力不强、管理混乱、信用缺失等自身原因有关，关键核心问题在于政府支持不足、资本市场的功能欠缺和定位不清、企业债券市场产品单一、商业银行的风险偏好和经营模式特点、市场机制的缺失和监管体制的缺陷、信用担保体系的不健全和配套体系的不完善等诸多因素形成的直接融资、间接融资、担保融资、风险投资等多种渠道的融资不畅，对小微企业融资的市场供给不足和市场机制不全，从而导致市场缺失和市场失灵。另外我国的法律体系不是很完善，缺乏对小微企业融资的法律依据，缺乏政府的重视度与相关法律法规的支持，小微企业的融资困境才如此之大。为此，政府应该制定相应的法律制度，通过制度与政策协调来维护小微企业的经济地位，为他们创造一个良好的融资环境，同时要规范企业的竞争市场，扩大金融机构对中小型企业的融资量，使中小型的发展得到法律支持，使各种融资渠道都受到法律的保障。因此对小微企业融资研究是课题的必然，对提高小微企业融资水平具有一定的帮助。关键词：小微企业；金融机构；融资RESEARCH ON FINANCING OF SMALL ENTERPRISES——TAKING XINJIANG AS AN EXAMPLEABSTRACTThe financing difficulties of small and micro enterprises in China are serious. The specific manifestations are as follows: poor financing channels, excessive financing costs, and difficulty in issuing and listing. This is related to their own reasons such as weak strength, chaotic management and lack of credit. Insufficient government support, inadequate function and positioning of the capital market, single product in the corporate bond market, commercial banks' risk appetite and operating model characteristics, lack of market mechanisms and defects in the regulatory system, inadequate credit guarantee systems and supporting systems Insufficient and other factors, such as direct financing, indirect financing, guaranteed financing, and venture capital, have resulted in poor financing, insufficient market supply ...
