Shadow financing of small businesses in the People’s Republic of China as a factor of development and government support for SMEs
https://doi.org/10.28995/3033-7232-2026-2-111-124
Abstract
One of the most serious problems for small and medium-sized enterprises (SMEs) is the problem of financing. Much attention is paid to this issue in all countries, but it cannot be fully resolved, which is explained by a number of objective reasons. These reasons are directly related to the very essence of doing business in this format and will always exist, therefore, the assistance of both the state and non-state structures should not solve short-term current tasks in this area, but provide a permanent opportunity for the continuous sustainable development of small businesses in the interests of society and the state. Operating in almost all countries, shadow banking provides, among other things, a wide range of financial services to small businesses, which has its advantages and disadvantages for the overall development of the economy. The article examines the experience of the People’s Republic of China, which has been paying increased attention to the financing of small enterprises in recent decades. The current situation in this area, emerging difficulties, problems and tools for their solution are analyzed. It is concluded that shadow banking plays a significant positive role in the development of small businesses and in the expansion of government support measures for SMEs.
About the Author
T. V. Vashchenko
Financial University under the Government of the Russian Federation
Russian Federation
Russian Federation
Tatiana V. Vashchenko, Cand. of Sci. (Economics), associate professor
bld. 49/2, Leningradskii Avenue, Moscow, 125167
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Review
For citations:
Vashchenko T.V. Shadow financing of small businesses in the People’s Republic of China as a factor of development and government support for SMEs. Science and art of management. 2026;(2):111-124. (In Russ.) https://doi.org/10.28995/3033-7232-2026-2-111-124
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