listed SMEs in China show significant cash–cash-flow sensitivity, and financing constraints are prevalent. We document that … difficulties of SMEs in China at present, with much of the extant literature concentrating only on specific financing mechanisms …As opposed to developed markets, financing constraints are a more pressing issue among Small and Medium …

A long-term strategy for China's national development is to foster the growth of "Specialized, Refined, Niche, and … Innovative (SRNI)" small and medium-sized enterprises (SMEs). However, these enterprises often face significant financing … collateral. Supply chain finance, as an important way to combine production and financing, could provide financial services in …