Sustainable Development Research On A Petty Loan Companies In Changchun

As the production of financial innovation in China, the petty loan companies play the irreplaceable roles for solutions of difficulties in refinancing and loan witnessed by small- and medium size enterprises, as well as optimizing arrangement of financial resources. Jilin Provincial government has been always emphasizing the economic development in county level, and wants to solve the problems of refinancing for small- and medium- sized enterprises at both upstream and downstream phase of the industry chain and increase the strength of support for "Three Agricultural" economies through take the full advantages of petty loan companies. The number of petty loan companies in Jilin Province, has been surged from less than 10 to 150 in a short period of just two years from February,2009 to March,2011. However, there are still many issues can be seen in the process of current development, which perplex the sustainability and further development of those companies. Issues of sustainable development of petty loan companies and problems of how to realize that have recently become hot topics in financial worlds.A microfinance companies of Changchun City faces many problems in the process of development, such as short time of establishment, inadequate experience, inaccurate market positioning, imperfect management mechanism, sole financing channels, weak risk control ability, low ability in product design R & D and innovation, the lack of supervision and guidance of the capital investment and so on. Aiming at those problems of A microfinance companies, this article puts forward company financing system design, tax system, supervision system, credit system design, design of legal system and a series of operable solutions, combined with operation practice and mature management theory of domestic and foreign microfinance companies. At the same time it proposes financing channel innovation, product innovation, credit technology innovation, credit risk assessment of innovation, management mode innovation and other related suggestions to provide theoretical supports for the promotion of petty loan enterprises as well as sustainable and health development.