The Research On Credit Guarantee System Of Small And Medium-Sized Enterprise's Financing

In the development of Small and Medium-Sized Enterprises (SMEs'), China has met with a variety of difficulties and problems. An acute lack of financing is one of the most difficult ones to deal with. Another biggest obstacle to overcome is to get credit guarantee. The key to solve this problem is to establish a complete and well-executed SMEs' credit guarantee system. The purpose of credit guarantee is to set up a mechanism and ensure the payment of debts to creditors based upon the debtor's own funds. And the goals of establishing a guarantee system is: To promote the expansion of policy-oriented industry; provide a wide-ranging means of financing, reducing credit risk of commercial banks; improve the financial environment for SMEs; and accelerate the stable and steady growth.In this paper,we expound the mechanism and the economic principle about the emerging of credit guarantee system.We also explain the process of how credit system function.We analyse the current situation of SMEs'credit guarantee and financing,and show that it is very urgent to establish our nation's credit guarantee system. The paper compare the characteristics of credit guarantee systems in US, Japan and Korea systematicly.Based on the successful experience of those developed countries, the paper discusses the establishing of Chinese SMEs' credit guarantee system.Mainly from the six aspects: There are four parts besides the conclusion:Part one:firstly introduce the related theory of credit guarantee.Second expound the mechanism of credit guarantee organization based on the contrast analysis.In the end analyze the necessity of credit guarantee organization's existence use the princple of information economics and system economics.And discuss the mechanism of credit guarantee.Part two:mainly analyze the current situation of our nation's SMEs and financing.Also point out the predicament and reasons of financing and the exixtence of credit guarantee system.So it is necessary to establish our nation's SMEs'credit guarantee system.Part three:With the analysis of SMEs'credit guarantee system's characteristic difference commonality in US, Japan and Korea,it reveal the characteristic of our nation's SMEs' credit system.Meanwhil give advice and remind the main questions to establishment of our nation's SMEs'credit guarantee system.Part four:probe into the establishment and perfection of our nation's SMEs'credit guarantee system.And establish the system from the following the next six system: 1.The entrancee system of credit guarantee situation.2.The system of fund source and compensation.3.Rating system of SMEs and credit guarantee situationARisk control and share system.5.The sel-control and discipline system.6.The government co-ordination and supervision system.