Influencing Factors of Financing Constraints of Micro and Small Enterprises (MSEs) in China: A Risk Information Conveyance Perspective

Table 2

MSEs with credit demand.

Financing channels		Have credit demand but did not apply for loans	Have applied for loans but the application was rejected	Applying for loans
Formal financing channels	Observations	530	211	186
	Proportion (%)	57.17	22.76	20.06
Informal financing channels	Observations	131	37	94
	Proportion (%)	50.00	14.12	35.88