Research on the Symbiotic Relationship Between Small & Medium-Sized Enterprises and Banks in Jilin Province (Report‪)‬

1. INTRODUCTION China put the Law of the Peoples Republic of China on Promotion of SMEs into effect on January 1, 2003 in order to strengthen the support and protection efforts to SMEs; the State Council of PRC put forward "vigorously developing non-public sectors of the economy and SMEs" in the suggestion on further implementing the strategy for revitalizing the old industrial base on Sep. 9, 2009; "the China Tumen River Regional Cooperation Development Planning Program - Chang-Ji-Tu as the Pilot Zone of Opening up and Development" was approved by the State Council on Aug. 30, 2009. The implementation of a series of regulations and policies provide great development opportunities for the SMEs in Jilin province, but as one of the northeast old industrial base, the financing system in Jilin province is still bank-led due to the influence of system, mechanism, culture and psychology that are formed under long-term planned economy system, which pays more importance to state-owned enterprises, look down on private enterprises, pays attention to administration and makes light of market rules, etc, and therefore it is more difficult for the SMEs in Jilin Province to finance.