What is the current situation of financial management in private enterprises?

1. Most small and medium-sized private enterprises mainly rely on their own accumulation of original funds, with low market competitiveness, poor anti-risk ability and large bankruptcy ratio.

2. Small and medium-sized private enterprises have low credit management ability, which increases the financing cost and makes financing more complicated.

3. At present, the corporate financial governance structure of most private enterprises in China is not perfect, and the financial statements are not standardized.

4. Some small and medium-sized private enterprises have the phenomena of repeated construction, inefficient use of funds and blind investment, with high assets and liabilities and high risk of enterprise funds.