On Key Points of Financial Cost Management in Small and Medium-Sized Enterprises

Abstract

Chinese small and medium-sized enterprises (SME), accounting for 99.3% of all Chinese corporations, create enormous economic fortune and employment opportunity. However, most of SMEs are lack of capital, with simple equipments and improper management, so they are incapable to withstand risks and easy to be involved in difficulty. Therefore, we should properly guide SMEs to enhance financing, investment management and the management of other value chain activities, which will contribute to their survival, development, strength, and increasing improvement of market competitiveness.