SMEs cluster financing: General theory and China´s practice

The emergence of enterprise cluster is an innovation of industrial organization, but for SMEs, financing is still a problem for cluster development, which is closely related to various restrictions on exerting its comparative advantage of enterprise cluster financing. It puts forward an inherent requirement for the conformity between enterprise cluster and modern financial system that financing difference of cluster enterprise. Hubei, an important province in central China, is faced with the slow development of SMEs, which is mainly resulted from the restriction of cluster financing bottleneck. Therefore, it is badly in need of resolution at this stage that how to play Hubei resource advantage to focus on promoting financing mechanism innovation of enterprise cluster, and make SMEs cluster economy achieve rapid development, especially building a system including a series of policies which adapt to multi-level market structure, financial system, financing model of SMEs cluster development and are matched with the financial support.