Wang guogang, a professor at renmin university of China's school of finance and economics and member of the Chinese academy of social sciences, said at the 2019 academic seminar on financial opening and development on June 1 that small and micro businesses are facing difficulties in financing, and Banks' support in this regard will be strengthened. Small and micro enterprises should not only take one road, in terms of financing, they should first broaden financing channels.

In wang guogang's view, the difficulty of financing small and micro businesses is an international problem, not only in China, but also in countries as developed as Britain and the United States. Financing difficulties of small and micro enterprises mainly include four aspects: narrow financing channels, high financing price, small amount of financing, and lack of financing conditions.

Wang guogang thinks, on the one hand, small and micro enterprises can borrow money from Banks, but the scale is not enough, need to be further improved; On the other hand, small and micro enterprises have limited financing channels and seek bank loans. The company in the start-up stage, bank loans can not get in, it needs angel investment, so it is a channel problem. There are quite a few small and micro enterprises that need equity investment, but they are not willing to accept it, and many places have this problem. There is no doubt that the support from Banks to small and micro enterprises will be strengthened, but small and micro enterprises should first consider expanding financing channels.

Source: China securities net