改革开放以来,民营企业获得了飞速发展,但它们对经济增长的贡献与其占用信贷资源存在严重的不匹配,这集中表现为民企在正规金融市场上的融资困境。正是这一困境迫使民营企业只能求助于民间金融,但民间金融的高利贷和无限责任特性决定了其解决民营企业融资问题的有限性;所以,提高企业自身素质、建立信用中介机构、成立地方性民间金融组织等措施同时并举才可能是解决问题的有效方略。 Since the reform and opening up, private enterprises have achieved rapid development. However, their contribution to economic growth has a serious mismatch with their use of credit resources, which is concentrated on the financing difficulties of private enterprises in the formal financial market. It is this dilemma that forces private enterprises to resort to private finance only. However, the characteristics of the usury and unlimited liability of private finance determine the limited nature of solving private companies’ financing problems; therefore, improve the quality of enterprises, establish credit intermediary agencies, and establish local governments. The simultaneous implementation of measures such as non-governmental financial organizations can be an effective strategy for solving problems.