摘 要

中小企业的经营规模不大、数量众多，是我国企业的重要组成部分，它们的发展和经营为我国的经济发展贡献了很大一份力，不过中小企业在市场上不容易生存，它们的融资渠道不多且没有保障。和大企业相比，中小企业的生产规模更加灵活，在促进就业打破垄断方面发挥着重要的作用。虽然说国家政策现在一直在大力度地支持中小企业的发展，但受到中小企业自身规模小、本金不足的的影响，中小企业现如今的状态就是融资难，生存难！现今企业的融资方式很多，比如银行贷款、股权融资、同业拆借等多种方式，但是银行一般要求融资企业具有良好的信用记录和充足的抵押担保物。在对中小企业提供信贷支持的时候由于中小企业资产规模较小,出于对风险管理要求的考虑,银行一般只愿意贷给中小企业比较短期的资金,而不愿意提供长期信贷支持而是用股权融资和债券融资的资金筹集方式虽然能筹集到中小企业发展所需的长期资金,但是股票和债券的发行对企业规模的要求较高,同时发行程序复杂。想要解决中小企业现如今的生存困境，就必须要找到适合的融资渠道，而信托融资恰好给中小企业带来了福音。中小企业想要更好地发展，抓住信托融资这个新型的集资方式会给企业带来意想不到的好处，增加了资金的来源方式。结合现如今的中国小企业融资难的现状，信托融资的必要性显而易见。信托融资由信托公司根据需要资金的中小企业的信托资产进行投入，并向投资者提供利息。它的融资程序简单，对企业的规模要求也不是很高，加上审批环节少,而从信托融资的机理、特征及融资模式方面来看，以及市场上信托融资成功的案例可以看出信托融资的可行性，它简直就是为中小企业量身定做的一样。

关键词：中小企业;融资渠道;信托融资

Research on necessity and feasibility of trust financing for small and medium sized enterprises

Abstract

Small and medium-sized enterprise operating a small scale, quantity is numerous, is an important part of China's enterprises, their development and management for the economic development of our country with the great a force, but small and medium-sized enterprises in the market not easy to survive, their financing channels and there is no guarantee. Compared to the size of enterprises, the production scale of small and medium-sized enterprises is more flexible, and play an important role in the promotion of employment to break the monopoly. Although the national policy now has been great efforts to support the development of small and medium-sized enterprises, but by small and medium-sized enterprises are small in scale, effect of the principal deficiencies of, small and medium-sized enterprises now today's state financing is the survival is difficult! Many of today's enterprises financing, such as bank loans, equity financing, financing of Jo Kwon, interbank lending and other variety of ways, but banks generally require financing enterprises with a good credit record and adequate collateral. When credit support to small and medium-sized enterprises due to the small size of the small and medium-sized enterprise assets, out of consideration of risk management requirements, banks are generally willing to

Loans to small and medium-sized enterprises relatively short-term funds to provide long-term credit support but with stock financing and bond financing ways of raising funds for although can raise the development of small and medium-sized enterprises need long-term funds, but issuance of stocks and bonds on the scale of the enterprise is high, while the issue of complicated procedures. Want to solve the plight of small and medium enterprises now survive, it is necessary to find a suitable financing channels, and trust financing to bring the gospel to the small and medium enterprises. Small and medium enterprises want to better development, to seize the trust financing this new way of raising funds will bring unexpected benefits to the enterprise, increasing the source of funds. Combined with the current situation of China's small business financing difficulties, the necessity of trust financing is obvious.Trust financing of small and medium enterprises in accordance with the needs of small and medium enterprises to invest in trust assets, and to provide investors with interest. Its financing process is simple, the scale of the requirements of the enterprise is not very high, coupled with the approval process is small, From the mechanism, characteristics and financing model of trust financing, as well as the success of the market trust financing case can be seen the feasibility of trust financing,it is simply tailored for small and medium enterprises.

Key words: small and medium enterprises; financing channel; trust financing

目 录

1.绪论

1.1 选题背景 1

1.2研究意义 1

1.3研究综述 1

1.3.1国外研究现状 1

1.3.2国内研究现状 3

1.3.3文献综述述评 5

2. 信托融资的机理和特征 6

2.1信托融资的机理 6

2.2 信托融资的特征 6

2.3 信托融资的融资模式 7

2.3.1信托贷款融资 7

2.3.2融资租赁信托融资 7

2.3.3股权信托融资 7

2.3.4票据贴现信托融资 8

3. 中小企业信托融资的必要性分析 9

3.1中小企业融资难的现状 9

3.2中小企业融资难原因分析 9

3.3中小企业信托融资的必要性 11

4. 中小企业信托融资的可行性分析 13

4.1中小企业信托融资的案例 13

4.2中小企业信托融资的可行性 14

5. 完善中小企业信托融资的建议 16

5.1构建中小企业信用担保体系 16

5.2构建中小企业征信体系 16

5.3完善与信托融资相关的法律法规 17

5.4加强信托机构内控机制建设 17

5.5完善人才培养机制 17

结 论 19

致 谢 20

参考文献： 21

1 绪 论

1.1 选题背景

当今社会经济发展迅速，各行各业都发展的有声有色，各个大企业蓬勃发展，众多中小企业也如雨后春笋般简历发展，为社会经济发展增添了些许活力。不过因为计划经济体制还是改革开放前的，它造成了我国现如今以那些大银行为主要主成部分的高度型集中的金融体系没有得到根本性上的改变,中小企业在寻求发展的道路上存在着许多的困难，比如一个企业想要得到银行等经融机构的融资的话，企业本身就必须有很高的价值，企业本身有了很高的价值企业才能向银行交上有价值的抵押物，企业也才能有高的信用额度，从而向银行等经融机构获取足够的融资资金,企业的融资策划和运作方案才能够成功实行。但是企业的发展都需要资金的注入使用，而中小企业没有过多的办法确保资金能否到位，企业发展资金得不到满足,它们就会在发展的道路上举步维艰,甚至是使得企业倒闭关门。正是企业融资难使得中小企业不能够很好地发展壮大自己，而中小企业不良发展会使社会上的工作岗位减少,经济衰退,严重的还是扰乱社会稳定和社会的经济发展。想要更好的发展中小企业，加快中小企业的发展，解决它们资金紧张是首要任务，而拓宽融资渠道就是解决中小企业资金困难的好办法，让中小企业融资难得到解决，是中小企业能够得到良好的发展，促进社会经济的发展。

1.2研究意义