澳洲论文网Workshop on “SMEs Financing in the Asia-Pacific Region:
Crisis and Countermeasures”
(June 8-12, 2009, Shanghai)
Co-sponsored by:
Ministry of Finance, P.R. China
Department of the Treasury, Australia
Ministry of Finance, Indonesia
Trade and Industry Department, Hong Kong, China
Co-organized by:
Asia-Pacific Finance and Development Center
Asian Development Bank
Concept Note
1. Background
As a driving force for innovation, employment and economic development, small andmedium-sized enterprises (SMEs) play a very important role in a country’s economy.SMEs’ access to finance, however, is rather limited. Financing has been a problem thattroubles SMEs for a long time, which restrains them from sustainable development in thelong run. On the one hand, financing through equity aozhoudaixieassignment/and debt are often attached withmany strings; on the other, the traditional financing access and patterns can not provideadequate funds to support the SMEs. As a result, it is a common challenge for all thegovernments and financial institutions to address the issues of how to provide sufficientfinancing support, expand access to finance, innovate financing pattern, and promotesustainable development for SMEs.
The current global economic crisis has resulted in capital depletion, risk aversion andcredit contraction. As the financial market cannot function properly as a source offinancing and the credit crisis continues to push up the financing cost, enterprises now areleft with virtually little access to finance, which would severely undermine their survivalas well as development. In the case of SMEs, the situation might be even worse. A greatnumber of SMEs would be forced to go bankrupt due to lack of finance. Against this
backdrop, SMEs financing, a pressing issue for all nations, especially for the developing
economies in the Asia-Pacific region, needs to be addressed by joint efforts of thegovernments, financial institutions and enterprises to enhance innovation in financialsystems, products and services, and to improve the sustainable development of SMEs.
2. Objective(s)
The main objective of the workshop is to help the audience to: 1) understand the newtrends and key challenges of SME financing in the Asia-Pacific region, especially in thedeveloping economies under the current situation of global financial crisis; 2) define therole of government in SME financing amid the crisis; 3) understand the Institutional
Innovation of financial institutions and the innovations in terms of financial products andservices to promote SME financing; 4) understand the trade financing and equityfinancing for SMEs in face of the financial crisis; and 5) explore possible solutions(especially from policy perspectives) of promoting SME financing in the region amid thecrisis through sharing successful international experiences.