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《Economic Research Journal》 2001-01
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Promoting the Growth of Medium and Small-sized Enterprises through the Development of Medium and Small-sized Financial Institutions

Justin Yifu Lin & Yongjun Li  
This paper attempts to examine why China's medium and small\|sized enterprises (MSEs) cannot obtain adequate financial services and to propose remedies for the situation.The paper first analyzes the importance of MSEs in China's economic development.The labor\|intensive MSE is the most dynamic element in China's enterprise system due to the labor\|abundant and capital\|scarce nature of endowment structure at the current stage of China's economic development.However,during the planning economy period that followed the “leap\|forward” strategy,the government established highly concentrated big banks to support the development of capital\|intensive large enterprises,which were inconsistent with the comparative advantage of Chinese economy and are non\|viable in a market system.Large sized financial institutions are inherently not suitable for providing financial services to MSEs.Therefore,China's MSEs are under served financially.The paper argues that the costs and efficiency of providing financial services to different sizes of enterprises are different,depending on the structure of financial system.The paper concludes that the development of medium and small\|sized financial institutions is the way to overcome the difficulty in providing financial services to China's MSEs.
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【CateGory Index】: F832.3
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【Co-citations】
Chinese Journal Full-text Database 10 Hits
1 XIAO Kui-xi YU Qiu-hong WANG Man-si (School of Management,Zhejiang University,Hanzhou 310029,China);The Innovation of Non-governmental Enterprises' Financing Channels[J];Commercial Research;2002-16
2 FU Qiang,LIANG Qiao(College of Economics and Business Administration,Chongqing University,Chongqing 400044,P.R.China);An Empirical Study on China's Banking Market Structure and Competition Based on the Panzar-Rosse Model[J];Journal of Chongqing University(Social Science Edition);2011-01
3 ;转轨过程中我国银行业市场结构与绩效的实证分析[J];Finance and Economics;2004-05
4 Xiaohui Liu1 Jing Zhang2;Property Rights, Competition, and the Logics for the State-owned Commercial Banks Reform[J];Finance and Economics;2005-03
5 Yi Ding~1 Chen Wen~2;Stable but Progressing:Route Selection of Banking Reform in Its “Countdown” Period[J];Finance & Economics;2006-02
6 GAO Xiao-hong (Research Institute for Financial Development Shanxi Institute of Finance and Economics,Xian,Shanxi,710061,China);The Equilibrium with Low Efficiency and Its Improvement——a Description of the Current Dilemma and Breakthrough in Reforming the State-Owned Commercial Banks of China[J];RESEARCH ON FINANCIAL AND ECONOMIC ISSUES;2000-11
7 YANG De-yong (School of Economics and Finance,Transportation University of Sian,Shansi 710061,China);Monopoly and Property Right:the Institutional Barriers to Making the Interest Rate Marketable in China[J];Research On Financial and Economic Issues;2002-01
8 YUAN Ying (Business school of Wuhan University, Hubei Wuhan, China 430072);An Analysis of China's Banking Structural Effect and Its Impact on the Location of Mediumandsmall Commercial Banks[J];The Study of Finance and Economics;2000-12
9 HE Xiao-hai1,LIU Xiu-yan2(1.School of Management,Fudan University,Shanghai 200433,China;2.China Center for Economic Studies,Fudan University,Shanghai 200433,China);An Empirical Study on the Determinants of Chinese Banking Market Structure[J];Journal of Finance and Economics;2008-05
10 CAO Yuan-fang (School of Economics,Nanjing University,Nanjing 210093,China);The Judgment of Monopoly Degree on Provincial-level Financial Markets in China:An Analysis Based on Financial Lerner Index[J];Journal of Finance and Economics;2009-04
China Proceedings of conference Full-text Database 3 Hits
1 ;Political Economy of Financial Development[A];[C];2005
2 ;A New Extension of Neo-Industrial Organization Theory——Review Of Microeconomics of Banking[A];[C];2005
3 ;Financial Liberalization in the Process of Economic Transition in China[A];[C];2004
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