The Study Of Small And Medium Enterprises Financing Guarantee In China

In building socialism with Chinese characteristics market economy, Small and Medium Enterprises has become an important pillar of support and promotion for China's economic growth. However, loans, financing difficulties have become a serious obstacle restricting the further development of SMEs in China, also one of the hot research topic in economic circles. In Western countries, the credit guarantee system for SMEs is the highest and best usage of a financial support system. In these countries,using SME financing guarantee system for SMEs can effectively access funding from financial institutions. The purpose of this paper is to learn from the western countries and Taiwan in the SME financing guarantee system development experience, combined with China's specific national conditions, elaborate the problems of SMEs in the security system , then put forward measures and suggestions on financing of SMEs security system in China.This paper adopts an empirical study, such as selected in the first half of 1997, Ningbo City, introduced the SMEs credit guarantee institutions to use risk management methods of compensation funds, the compensation funds, threshold subsidy and standards are analyzed and studied. At the same time ,this paper has taken a comparative study, comparing Japan, the United States and the financing of SMEs security model in Taiwan, and analyzes advantages and disadvantages of three models , explores the characteristics useful experience on Perfect Guarantee System of the SMEs finance. In addition, the paper also takes a survey method, in order to make conclusions of this study more representative and practical. This article is 31000 words, divided into six parts:The first part of the preamble. Briefly introduces the basic situation on financing of SMEs in China, and the theoretical and practical significance.The second part, the SME financing guarantee research. This section introduces a number of countries, the standard definition of SMEs, and described the standard definition of SMEs in China, and analyzes the main form of financing for SMEs. Second, from the financing of SME guarantee system and the mode, the theorists in recent years in SME finance our security and the major theoretical viewpoints Research were reviewed.The third part , the development process and the security situation of the financing of SMEs. This section first describes the status of SME financing; and then describes the development of financial guarantee in the historical background and its evolution; last character from the agencies, funding sources, capital size, scope of business and other aspects of the secured financing of SMEs system status.The fourth part, the development bottleneck of the SMEs financing guarantee system. This section first discusses the financial guarantee system for SMEs in China facing the bottleneck of development: legal status of SMEs financing guarantee agency is uncertain; the initiative of government guarantees for SMEs financing to be further enhanced; risk control measure of SMEs financing guarantee agency is weak; SMEs financing guarantee institutions guarantee fees have technical obstacles, and so on. Then pointed out that only by effectively addressing these questions to ensure that SME credit guarantee system for sustainable development.The fifth part, the practice of foreign SMEs financing guarantee and reference. This section compares the model of Japan , the United States and Taiwan SME financing guarantee, and analyzes the pros and cons of their, to explore useful experience from the financing guarantee system for SMEs.Part six, path analysis on improve security in the financing of SME. This section mainly analyzes the improvement of SME financing guarantee system path: regulates existing SME financing guarantee system; regulates intermediary agencies; strengthens legal and regulations; Strengthens SME financing guarantee reinsurance system; promote SME cluster financing, the development of SME credit mutual aid.