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《Securities Market Herald》 2004-03
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SMEs Dis-intermediation & Financial System Innovation

Wang Fengrong  
Financial dis-intermediation of SMEs in China is the pure result of discrimination against private ownership and small scale. Fundamentally, it is a system failure generated by financial restraint. An innovative financial system, which provides undiscriminating financial support, is essential for the growth of SMEs. It must be stressed that government should aim at improving institutional environment rather than bailout to address this issue.
【Fund】: 山东省社科规划重点项目“中小高新技术企业成长的金融支持制度研究”(批准号:03BJZ29)的阶段性成果
【CateGory Index】: F832.2
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