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中国的民营及中小企业面临融资困境,从宏观层面判断,在目前我国银行存差超过3万亿元人民币,大量资金找寻投资机会的情况下,民营及中小企业融资困难的主要根源并非是整个社会资金供应总量的不足,而是在资金融通环节出现了堵塞。造成这种堵塞的一种经济学解释是信息非对称,即作为资金需求方的民营及中小企业与作为资金供应方的银行、风险投资等社会资金提供者之间存在信息不对称,从而限制了民营及中小企业的融资能力。这种信息非对称的经济学解释具体表现在如民营及中小企业由于规模小,较之大企业更倾向于以承担高风险为代价,追逐高额
China's private and SMEs are faced with financing difficulties. Judging from the macro level, at present, with the deposit difference of more than 3 trillion yuan in China's banks and huge amounts of funds looking for investment opportunities, the main source of financing difficulties for private and small and medium-sized enterprises is not the entire society The lack of total supply of funds, but in the financing part of the link has been blocked. An economic explanation for this blockage is information asymmetry, in which there is information asymmetry between private-owned and SME-financed stakeholders and social capital providers such as banks and venture capital providers as funding sources, thus limiting Private and SME financing ability. The asymmetric economic explanation of such information is embodied in the fact that privately-owned and small and medium-sized enterprises, because of their small size, are more likely to pursue higher prices at the expense of large ones than large ones