On September 30, 2007, the People's Bank of China announced "Account receivable to pawn Registration Means", the same time executed with "Reality of laws" from October 1, 2007. on October 8, 2007, the account receivable which develops by the People's Bank of China pawns the registration public announcement system to make something a matter of political line officially in Shanghai, the people's bank reference center also promulgated "Chinese people Bank reference Center Account receivable To pawn Log-on operation Rule", the Commercial bank developed the account receivable to pawn the financing service the exterior laws and regulations frame already basically to form. Follows our country "Reality of laws" and "Account receivable Pawns Registration Means" releasing, the permission account receivable is leaving the nature, thus may realize the enterprise to pawn by the account receivable carries on financing, then has broken the small and medium-sized enterprise completely the financing bottleneck which meets in the developing process. Regardless of this new stipulation's releasing will be a big advantage is good regarding the enterprise or the banking industry is an item of Pareto truly improves. Under the whole world financial crisis's environment, our country banking industry carries on the profit innovation the opportunity saw the Commercial bank new profit point of growth. Pawns the account receivable can give materially beneficial sharing which small and medium-sized enterprise financing brings for the enterprise the customer, completes the suitable risk control, this brand-new service will give the Commercial bank to bring the new profit to grow. As we all know, it's not a problem arousing at present that SME can hardly get financing, and it's not a problem that just for China. However, in the developed countries, the unofficial equity market, venture capital system, and the development of the second board market, to a great extent, make up for the gap of the SME financing. The SME's financing embarrassment in China has some special reasons other than the general reasons. In the converting process of the economy and financial system, the faultiness of the micro-running base in the marketing-economy system caused the institutional conflicts. In resent years, solving the SME's financing embarrassment became the discuss focus of the government and the financial area. And it's an important task for us to do some research and try to find approaches to the fund-absorption of SME.
KEYWORDS: account receivable finance，small and medium enterprises, financing Bank profit
