关键词: 科技型中小企业, 金融风险, 偿债能力

Abstract: The solvency of enterprises is the presentation and root of financial risks. In recent years,technology-based small and medium enterprises have developed quickly. Realizing the risks of these enterprises can help to keep China’s financial system stable and boost the development of technology-based SMEs. Risks faced by technology-based SMEs are debt and liquidity risks. Besides,based on the features of technology-based SMEs,they also suffer from higher systemic and non-systematic risks. Pressure from the macro-economy,difficulty in the financing,the technology blockade from abroad,the lack of a creditworthiness system of technology-based SMEs and macro-economic policy’s crowding out effect are reasons for financial risks. To reduce the financial risks,the policymaker can set local government technology-based SMEs’ investment funds,establish technology-based SMEs’ reliable creditworthiness system,offer financing platforms and plans for these enterprises,carry out structured monetary and fiscal policies,classify and dispose of non-performing loans of technology-based SMEs.

Key words: technology-based SMEs, financial risks, solvency