Research On Perfecting Credit System Of Small And Medium-sized Enterprises In Our Country

The development of small and medium-sized enterprises is a global topic. Wherever in developed countries or developing countries, SME are all playing a very important role in the development of national economy not merely in the respects of offering employment opportunities, creating social wealth etc, but also in supporting the reform and development of large-scale enterprises, expanding export, increasing local financial revenues, etc.However, in contrast with the current situation of the rapid development of SME, their whole existing surroundings are not so perfect during the period of present economic system reforming and economic restructuring, mainly featuring in the following aspects as the shortage of capital, the weak competition , the insufficient delayed effect of development. The foundmental reason lies in the lack of credit resources whereas the high quality of credit resources are the guarantee for obtaining the social resources as markets, customs and funds. Improving the SME's credit helps much in promoting their overall quality and comprehensive competitive ability, resisting credit risks, increasing their own financing ability and developing themselves healtily. The SME in western countries can keep the extremely low bad account rate in a high proportion of credit sales, because they have already established a perfect credit system. Perfecting the credit system of SME in China has great realistic effects in realizing the target of macro-adjustments and controls, supporting the development of promising SME and guiding them to strengthen tredit management.Based on economic theories, such as information asymmetry theory and game theory ,etc, the text analyzes the phenomenon of the credit lack of SME and the profound reasons for their financing problems. Through the analysis to the credit history of China & American SME credit system, the article has pointed out the main problems with the credit system of domestic SME and put forward the basic framework of the credit system for them. It has also stated that perfecting the credit system forSME plays and important function in SME financing & trade activity. On this basis, the constructive countermeasure scheme to the incredibility according to the characteristics of SME of our country. Finally, the article emphasized the function of the govern, society & enterprises in establishing the credit system of SME, thus to draw the conclusion: credit is the foundation stone that the market economy must use to operate the healthy market economy ,and the government's legal foundation, the prestige mechanism of the society & credit management inside the enterprises are essential conditions of setting up & perfecting the credit system of SME.