| As the base of economy, the medium-sized and small enterprises turn out to be the most active factor in social economy and a major factor for social sustainable development, prosperity and stability. Since reform and opening to the outside in china, the medium-sized and small enterprises have been growing up with our country's economic development and become an indispensable impetus for national economic growth. However, being in such an important status, the medium-sized and small enterprises have to face financing puzzle - the binding constraint for their development, which is a subject focused on all over the world.In recent years, the financing puzzle faced by the medium-sized and small enterprises in our country has aroused wide social concern, but it is still an open question in spite of being offered with ideas from experts, entrepreneurs, bankers and government officials. The financial puzzle is being continuously studied as a subject, meanwhile, lively financing cases are put on everyday among the medium-sized and small enterprises. After experiencing the May 12th earthquake in 2008, the medium-sized and small enterprises existing in the seismic zones in Penzhou Longmeng Sichuan province have a devastating baptism which further makes their way in financing more difficult than ever, for they, originally, are lack of enough fixed or other proper assets. With cumbersome mortgage procedures, higher expenses, the medium-sized and small enterprises in post-disaster reconstruction, finding it hard to meet bank requirements, prefer to conceal information for the fate of competition and their survival, which makes the problem of information asymmetry more serious.access of financing guarantee companies willing to provide credit guarantee for those enterprises is an effective approach to mitigating and solving the financing puzzle. However, for those badly damaged enterprises, neither policy guarantee company nor commercial guarantee company is willing to do any effort in the supply of credit guarantee for them with the thought of its own scale, management efficiency and in terms of risk to control. studying and settling such a puzzle is necessary and significant in practice, the writer, as one member of the stuff working in one of the financing guarantee companies, thinks that the urgent project is to how to summarize the daily operated cases, to how to evaluate such a flawed medium-sized and small enterprise, to how to work on such flaw, make the best use of its values, plan a financing package and develop a corresponding platform on its own track, and eventually to settle the puzzle blocking up its development, to control and get rid of the risk for financing guarantee business.Through the analysis of financing guarantee case from the Great Wall Energy Conservation Co. Ltd, this paper tries to answer the above questions and comes up with some new points with the hope of making further development in business on one hand, on the other hand, it wants to have a little bit contribution to the post-disaster reconstruction of the medium-sized and small enterprises and to financing guarantee practice. Key Words:Post-disaster Reconstruction, Medium-sized and Small Enterprises, Financing Guarantee, Case, Financing package, Risk Control, Emergency Measures. |
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