On Financial Management for SMEs under New Conditions

Abstract

The financial crisis erupted in 2008 makes the current global economy remain uncertain. SMEs, as an important force in China’s national economy, face a crisis of survival due to the more difficult business development. An important reason is that SMEs overlook the central position of financial management, so that the role of financial management has not been fully realized. In order to minimize the loss of SMEs to enhance their ability to withstand the crisis and master a rare strategic opportunity, to strengthen the financial management is very important.