我国影子银行发展对中小企业融资的影响.docVIP

PAGE PAGE 34 我国影子银行发展对中小企业融资的影响 摘要：中小企业从传统银行融资困难，只能寻求非信贷渠道的融资，而这一部分融资，就是中国的影子银行。合理利用影子银行， 有利于增加中小企业的融资渠道，解决其融资渠道单一、融资难的问题，促进中小企业更好发展。本文从中国影子银行的概念、特点、发展现状展开，分析了中国影子银行的分险与监管。研究中国影子银行发展对中小企业融资的影响，通过分析影响因素与影响机制，同时又阐述中国影子银行对中小企业融资的积极与消极影响。当然，影子银行并非支持所有中小企业的影子，影子银行也对中小企业做出了要求。为了充分说明我的论点，我就中国式影子银行对我国中小企业融资的影响进行实证分析，结果发现影子银行对中小企业融资的影响显著相关。 关键词：影子银行；中小企业；融资；影响 The impact of Chinas shadow banking development financing for small and medium-sized enterprises Abstract: Small and medium enterprises finance from the traditional bank is difficult, they can only seek non credit channels of financing, and this part of the financing, is Chinas shadow banking. Reasonable use of shadow banking, is conducive to increasing the financing channels for SMEs, to solve the problem of a single financing channels, to promote better development of smes. From the concept, characteristics and development status of Chinas shadow banking, this paper analyzes the risk and supervision of Chinas shadow banking system. This paper studies the influence of the development of Chinas shadow banking on the financing of small and medium-sized enterprises, through the analysis of the influencing factors and mechanism, and also expounds the positive and negative effects of the shadow banking. Of course, the shadow banking is not supported by all SMEs in the shadow of the shadow banking also made a request for smes. In order to fully illustrate my argument, I have an empirical analysis of the impact of Chinas shadow banking on SME financing, the results found that the impact of shadow banking on SME financing is significantly related. Keywords:?shadow banking；small and medium-sized enterprises；financing；impact 一、序列 （一）研究背景及意义 1. 研究背景 中国银行业规模不断扩张，非银行金融机构规模不断壮大，直接融资不断增长，银行的表外业务迅速膨胀。与此同时，非金融企业部门的杠杆加大，地方政务部门的债务在上升。然而在银行信贷规模与投向受到严格监管、商业银行客户结构失衡的背景下，非金融企业和地方政府债务扩张，只能寻求非信贷渠道的融资。而这一部分融资，就是中国的影子银行。 2008年，全球金融危机爆发，中国式影子银行开始萌芽。作为金融机构的一种新形式，影子银行是通过规避监管，从而获取更多的利润。在我国，影子银行仍处于发展的初级阶段，没有西方国家那么成熟，但在监管方式、运作模式、产品发展等各个方面都呈现出中国独有