Advances in Economics, Management and Political Sciences

- The Open Access Proceedings Series for Conferences


Proceedings of the 2023 International Conference on Management Research and Economic Development

Series Vol. 18 , 13 September 2023


Open Access | Article

Analysis of Financial Support Policies for SMEs in the Context of the COVID-19 — Taking Shanghai as an Example

Muhan Liu * 1
1 Chengdu Jincheng College

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 18, 108-113
Published 13 September 2023. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Muhan Liu. Analysis of Financial Support Policies for SMEs in the Context of the COVID-19 — Taking Shanghai as an Example. AEMPS (2023) Vol. 18: 108-113. DOI: 10.54254/2754-1169/18/20230061.

Abstract

The COVID-19 virus, which emerged in the early 2020s, is now present on every continent. Small and medium-sized firms (SMEs) face significant hurdles as a result of the global epidemiological situation and the drastic changes in the global economy and trade. After implementing a number of groundbreaking financial regulations, China has seen impressive growth. Using Shanghai as an example, this research combines public policies with financial support for SMEs in order to cope with the negative economic changes caused by the COVID-19 to SMEs. The methods used in this research include investigation, literature review, and a case study. This research intends to stimulate legal reform and development as well as improve the quality of financial supervision in addition to fostering an environment that is more favorable for businesses who have been adversely affected by the COVID-19.

Keywords

COVID-19, financial support policies, SMEs, financial institution

References

1. Tiglitz, Joseph E. and Weiss,Andrew. Credit Rationing in Market with Imperfect Information[J].The American Economic Review, 1981,71(3):393-410.

2. Bolt w , Humphrey R . Bank competition efficiency in Europe: A frontier approach[J]. Journal of Banking & Finance, 2010,34(8):1808-1817.

3. Hsueh S J , Hu Y H , Tu C H . Economic growth and financial development in Asian countries: A bootstrap panel Granger causality analysis[J]. Economic Modelling,2013,32(may):294-301.

4. Cull R , Xu L C . Job growth and finance : are some financial institutions better suited to early stages of development than others?[JJ. Policy Research Working Paper Series,2011,27(3):542-572.

5. Adrian, Paul. Thinking beyond BASEL II: Necessary Solutions for Capital and Liquidity[J]. OECD Journal, 2010:132-137.

6. Joe Adler. The Inside Track Policy, Players and Politics[J]. USA BANKER,July,2010:14-15.

7. Little field, Alexis. The Role of China's Financial Institutions in China's Economic Development[J]. Fudan Journal of the Humanities & Social Sciences,2014,7(4):685-690.

8. Xie Jianshi, Mneg Xiaoyu. Study on Cash Flow Pressure and Fiscal and Financial Policies of SMEs under the COVID-19[J],Hebei Finance,2020,No.512(04):40-44.

9. Wang Jingxuan, Li Yaning. Research on financial precision support policy for private enterprises under the COVID-19[J]. Economic Management Research,2020,2(2).

10. Yang Fuming. Research on the mechanism of financing difficulties of SMEs: the case of Wenzhou[M]. Economic science publish: Beijing,2014.

Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. Authors who publish this series agree to the following terms:

1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this series.

2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this series.

3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See Open Access Instruction).

Volume Title
Proceedings of the 2023 International Conference on Management Research and Economic Development
ISBN (Print)
978-1-915371-79-9
ISBN (Online)
978-1-915371-80-5
Published Date
13 September 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/18/20230061
Copyright
13 September 2023
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated