【正文】 again, through the financing, small and medium enterprises can expand the scale, enhance profitability, and thus take advantage of economies of scale improve enterprise petitiveness in the market and accelerate the development of enterprises. But the degree of petitiveness of enterprises due to the improvement of corporate financing, financing the differences in ine there is a big difference. For example, equity financing, especially the first listing of ordinary shares in issue and circulation, not only impose an enormous financial intermediation, but also greatly enhance the visibility of businesses and goodwill, so that the petitiveness of enterprises could be boosted. Therefore, when financing decisions, first select the most beneficial to small and medium enterprises to improve petitive mode of financing. With China39。 do not meet the listing requirements for SMEs, consider bank loans, financing and so on. (Vii) financing, the selection of the most conducive to improving the petitiveness of enterprises in financing SME financing will usually have the following direct impact on business: First, by financing small and medium enterprises can grow capital strength and ability to pay small and medium enterprises and development potential。 wellfunded, and the low cost of funds of financial institutions。 can provide business guidance to financial institutions。 due to seasonal, cyclical and random factors contribute to changes in business activities, the funds required are mainly the financing of shortterm financing is appropriate. Emphasizes financing and investment in the capital structure ratio on the relationship between pairs of small and medium enterprises is particularly important. (D) capital operation, in the pursuit of incremental funding at the same time pay more attention to financing of stock Incremental funding means a quantitative increase in the total occupation of the amount of funds to meet the production and operation needs。 while for SMEs is concerned, the purpose of financing directly to ensure that the necessary production and operation of funds. Lack of funds will affect the development of production, but excess can lead to the use of funds of funds, diminish the effect, resulting in a waste. As the SME financing is not easy, so operators are more relaxed in the face of the funding environment, they often accuse me of Han Xin point soldiers, the more the better error. However, if the money raised is unreasonable or not with the real needs, then a good thing bees a bad thing, panies hand, may carry a heavy debt burden, further affect the financing capability and profitability. Therefore, the business munity during the beginning of financing decision, according to the needs of enterprises for capital, corporate finance their own actual conditions and the ease and cost of decisionmaking circumstances, what one can determine the size of corporate finance and reasonable. (B) the pursuit of effectiveness of the use of funds The financing channels for SMEs and large enterprises do not like the way there is a big choice, but that does not mean that SMEs can only be beggars On the contrary, due to weak riskresisting ability of SMEs, as well as funding difficulties, but also should each fund to make good tradeoff, considering the operating needs and capital costs, financing risk and investment ine, and many other factors, must be the source of funds and to invest in bined analysis of the cost of capital rate of return on investment the relationship between the strings to avoid making mistakes . (C) the pursuit of the ratio of capital structure The use of funds for SMEs decide the type and quantity of funding. We know that the total assets of enterprises and noncurrent assets by current assets of two parts. Current assets are divided into two distinct behavior: First, their number changes with fluctuations in production and management of liquid assets, namely, the socalled transient liquid assets。s financial control Between enterprises can not borrow each other to some extent also increased the difficulty of financing for SMEs. Based on our current law, among the citizens, businesses and citizen, business or civic and financial institutions can occur between the legitimate lending between enterprises and between enterprises, however, been regarded as illegal loan lending relationships are not by law 允許 . In this way, for SMEs, he would lose a means of financing, intangible into the financing of SMEs has also increased the difficulty. Third, small and medium enterprises should develop specific strategies and reasonable financing Therefore, at this stage of China39。s