2011年9月爆发的温州老板跑路潮,使民间借贷危机浮出了水面。中小企业融资难问题由来已久,可为何近几年问题突然爆发出来。深入研究其中的原因,是国际经济大环境萧条,国内财政政策和金融政策偏紧,以及民营企业家自身问题等国内外多方面因素交织在一起共同导致了如今的局面。建议对货币政策适当微调,使其由偏紧状态回归“稳健”;通过减税降费,缓解中小企业成本上升压力;加强中小企业内部治理,进行产业转型升级。 Wenzhou boss broke out in September 2011 wave of tide, so that private lending crisis surfaced. The problem of financing difficulties for SMEs has a long history, but why the problems have suddenly erupted in recent years? The reason for this in-depth study is that today’s situation is caused by the combination of many factors at home and abroad, such as the sluggish international economic environment, the tightening of domestic fiscal and financial policies and the problems of private entrepreneurs themselves. It is suggested that the monetary policy should be fine-tuned appropriately so that it will return to the “steady” state from a tight state; to ease upward pressure on the cost of small and medium-sized enterprises through tax cuts and tariff reductions; and to strengthen the internal governance of SMEs and carry out industrial restructuring and upgrading.