A Research On The Risk Control Of SMEs' Credit Guarantee System In China

Small and medium-sized enterprises play an important role in civil economy. The bottleneck of the development of small and medium-sized enterprises is the financing problem. So far, small and medium-sized enterprises credit guarantee organizations are very weak, for lots of problems existed in it. Under this circumstance, it is critical to do the research into small and medium-sized enterprises credit guarantee system.In this thesis, the first chapter introduces the background and meaning of the topic, and giving an outline of the content of this paper. In the chapter, after studying the financing state of small and medium-sized enterprises, we bring forward an idea that the most difficulty during the development of SMEs is financing, while the biggest obstacle of financing is credit guarantee, in the following, the paper gives the conclusion that an effective way of solving the financing difficulties is establishing small and medium-sized enterprises credit guarantee system. After which, the thesis further introduces the three main structure of small and medium-sized enterprises credit guarantee system in our country and the risk state of the system now. In the following part, the thesis gives a detailed analysis on the characteristics and the causes of risks, which include credit risk, market risk, operating risk, liquidity risk, government policy and law risk and so on, of which, the credit risk is the main risk.The thoughts of game theory is used the fourth part of the paper, setting up an incomplete information game model, and drawing out the incomes of tri-parties subject and on the basis of which, we arrive at two conclusions which will provide enlightenment to our suggestions in the last part.Compared with the history and level of developed countries' credit guarantee system, credit guarantee in our country is brand-new, so how to draw on the useful experience of the developed countries and set up a credit guarantee system suitable for China is an emergent issue. Therefore, correlation analysis is used in the fourth part of this paper, starting with the two typical countries Japan and the United States' SME credit guarantee systems for risk management, the experience of the two countries will provide enlightenment to China's credit guarantee system for SMEs. In the last part, the article puts forward useful proposals to strengthen the risk control in our SME credit guarantee system., the thesis firstly suggests venture investment be brought into risk control of SME credit guarantee system.In terms of research method, the thesis is taking the way of qualitative analysis combined with quantitative analysis, from the aspects of game theory and correlation analysis in the hope of making a deep research into the risk control method of the SMEs credit guarantee system, following the analytical route of "current situation analysis—game theory analysis—correlation analysis(international comparison)—policy suggestion".