【正文】
eir own characteristics and the market, to have analysis on financial environment and lay down applicable and feasible strategies for financing, investment as well as profit distribution or to fully realize the importance of financial budgeting and therefore to have effective control over its implementation in order to serve the overall goals of their enterprises’ development strategies in a better way. 4 Creating Favorable Strategic Environment and Emphasizing Environmental Analysis For small and medium enterprises, their strategic environment has impact on not only their financing but the establishment and implementation of their financial strategies. Therefore, it is of great importance to create favorable strategic environment and emphasize environmental analysis. In spite of a series of national policies encouraging, guiding and supporting the development of small and medium enterprises in China, the internal and external environment for their development needs to be improved greatly. Accordingly, China should make more efforts to develop its local banks and financial agents with small or medium scale, to establish a financial system beneficial for these enterprises’ development, to establish or perfect effective loans guarantee system to help these enterprises, to offer opportunities for them to issue their stocks or bonds, to expand direct financing channels and encourage the development of risk investment, to promote the development of enterprises specialized in high and new technology by perfecting institutions and organization construction, strengthening the support for these enterprises by financial agents and to establish funds to support their development. For enterprises themselves, they should try to improve their qualities, strengthen their sense of credit and improve their credit as well to create favorable credit environment. In a word, government, society and enterprises’ joint efforts should be relied on to create favorable financial environment for these small and medium enterprises. In addition, these enterprises should be fully aware of the importance of environment for their financial strategies and try to establish scientific, reasonable and feasible strategic goals and guarantee their effective implementation by further strengthening environmental analysis and improve their decisionmaking abilities. Conclusion To sum up, a variety of elements related to enterprises’ external and internal conditions should be taken into consideration when they establish their financial strategies. Due to their different characteristics, small and mediumsized enterprises have to establish their own financial management strategies instead of copying those of the large enterprises. 戰(zhàn)略財(cái)務(wù)管理的中小型企業(yè) Zongsheng Liu. Economic Theory and Management 摘要 隨著社會(huì)經(jīng)濟(jì)的發(fā)展和科學(xué)技術(shù)的進(jìn)步,中國(guó)企業(yè)正在與一個(gè)充滿機(jī)會(huì)和危險(xiǎn)的階段。 Strategic Financial Management in Small and MediumSized Enterprises Zongsheng Liu Economic Theory and