The efficiency model of SME fundraising demonstrates that governments ought to enhance the fundraising of SMEs through designing both scientific macro-institutions and micro-ones. In terms of the efficiency model, the deficiencies of the public policies of Macau SAR aiming for the fundraising of SMEs have been clearly displayed. Confronted with these problems, the Legislative Assembly of Macau SAR and the Government of Macau SAR should take quick steps to solve them, which is of great significance for the economic diversity in the region.