Application Study On Insurance Mechanism In The Financing Of SMEs

With the flourishing development of economy, the contribution to our national economy of small and medium-sized enterprises raises constantly. However, during the development progress of small and medium-sized enterprises, the financial bottleneck has become one of the cruxes which restrict the development of small and medium-sized enterprises. Therefore, the financial support of small and medium-sized enterprises has been attracting the finance field and academia.Using the principle of information economics, this dissertation has analyzed the cause for the difficulty of financing. And then, from a new angle, this dissertation suggests introducing the insurance mechanism in a creative way. With abating the information asymmetry between financial institutions such as banks, credit guarantee and tenancy, and small and medium-sized enterprises on the financial market, this new insurance product reduces the credit risks confronted by commercial banks through innovating and expanding the insurance business. By optimizing the external financing environment of small and medium-sized enterprises, the new insurance product puts forwards a new way to solve the financing problem, and then promotes the development of small and medium-sized enterprises.Under the background of building and improving the financing system of SME, this dissertation is a theoretical exploration of resolving the financing problem of the SME by attempting to introduce the insurance mechanism. It makes a detailed statement and discussion on the introduction of the insurance mechanism.Firstly, the dissertation clarifies the principle of introducing insurance mechanism. Secondly, based on financing predicament confronted by small and medium-sized enterprises, it analyzes the necessity of introducing insurance mechanism. Following, from the angle of abating the information asymmetry between financial institutions and small-and-medium-sized enterprises to improve the SMEs'financial capacity, it suggests introducing insurance mechanism;And then, according to the different combination ways of insurance and financing channels, it attempts to design four models that insurance participates in the financing of SMEs, that is, the mortgage loan insurance model, the insurance for guarantee organizations model, the leasing credit insurance model and export credit insurance model, Furthermore, their basic connotation, institutional arrangements and applicability has been discussed in the following content, which is the body of the dissertation. Finally, based on the former analysis, it proposes some recommendations, which consists of reinforcing the control of risks during the financial insurance operation, consummating external environment and rationalizing the relationship between the government and insurance companies.