1. The supply and demand sides of direct financing funds need to negotiate with each other repeatedly in terms of time and quantity before reaching a transaction; Bank financial management is flexible and diverse. As an intermediary between borrowers and lenders, banks can provide different quotas and different ways to meet the financing choices of both parties.

2. Securities trading is sometimes restricted by trading batches, and small investments cannot enjoy large-scale trading concessions; Bank credit can make a mickle, and it can provide loans of different sizes and maturities for the society.

3. In direct financing, creditors may not know enough about the debtor's credit status, so they take more risks; Before granting credit, banks have financial experts to conduct feasibility study on the research data and then make a decision, which may reduce disputes and risks compared with direct financing.

4. Compared with the securities introduced in the banking law, direct securities may not be sold quickly when they are in urgent need without causing losses. Of course, direct financing also has its advantages. To develop commodity economy, it is impossible to have no direct financing activities. For example, commercial credit occurs in the process of commodity circulation; Stocks and corporate bonds are also indispensable means to develop modern large enterprises and raise funds.

Second, the shortcomings:

(1) Limited financing amount;

② There are many restrictions. The ways of debt financing mainly include bank loans, bond issuance, financial leasing and commercial credit.

Bank financing is a financing activity mediated by banks, and it is the main form for China's logistics enterprises and the vast number of small and medium-sized enterprises they serve to obtain funds through indirect financing. However, the traditional bank credit financing has not adapted to the vast number of small and medium-sized enterprises in logistics enterprises and other industries, and the financing demand gap has been expanding.

Advantages:

1. The supply and demand sides of direct financing funds need to negotiate with each other repeatedly in terms of time and quantity before reaching a transaction; Bank financial management is flexible and diverse. As an intermediary between borrowers and lenders, banks can provide different quotas and different ways to meet the financing choices of both parties.

2. Securities trading is sometimes restricted by trading batches, and small investments cannot enjoy large-scale trading concessions; Bank credit can make a mickle, and it can provide loans of different sizes and maturities for the society.

3. In direct financing, creditors may not know enough about the debtor's credit status, so they take more risks; Before granting credit, banks have financial experts to conduct feasibility study on the research data and then make a decision, which may reduce disputes and risks compared with direct financing.

4. Compared with the securities introduced in the banking law, direct securities may not be sold quickly when they are in urgent need without causing losses. Of course, direct financing also has its advantages. To develop commodity economy, it is impossible to have no direct financing activities. For example, commercial credit occurs in the process of commodity circulation; Stocks and corporate bonds are also indispensable means to develop modern large enterprises and raise funds.