Analysis Of The Small And Medium-sized Enterprises Credit Guarantee System In China Based On Game Perspective

Since the reform and opening up, the small and medium-sized enterprises in china is developing rapidly. The status and effect of small and medium-sized enterprises in the national economy and social development gradually strengthened. Small and medium-sized enterprise is the microeconomic foundation of the market economic system, is the driving force of deepening reform.Throughout the 1990s, credit guarantee agencies gradually began to development. It has set up a bridge between small and medium-sized enterprises. Credit guarantee agencies not only share the risk for the bank, but also promoted the development of small and medium-sized enterprises. But because the credit guarantee agencies not have a clear orientation, so its own development facing difficulties.So, an in-depth study credit guarantee system for improve credit guarantee mechanism have a very important significance. And provide great help in solve the problem of small and medium-sized in financing.This paper adopts normative analysis and empirical methods, puts forward questions, analysis questions and solves the questions. The articles included six parts, specific as follows:the first chapter is the theoretical analysis section. This chapter from the aspect of the existence of small and medium-sized enterprises analysis the existence of credit guarantees agencies. Meanwhile, analyses why small and medium-sized enterprises obtain loan from the bank facing difficulties.The second chapter discusses the status of small and medium-sized enterprises credit guarantee system and the existing problems. This chapter includes three sections:the first section analyzes the internal reasons and external reasons of small and medium-sized enterprise financing difficult. The second section analyzes the present situation of credit guarantee system. This section analysis from four aspects; number of credit guarantees agencies. The accumulative total amount of guarantee. Security sources of funding. The scales of capital of credit guarantee agencies. The three section analysis the factors of constraints small and medium-sized enterprises credit guarantee system development.The third chapter is part of the key analysis, based on the game theory analysis three main subject of credit guarantee system. Considering credit guarantee agencies, commercial banks, enterprises are all not independent exists in economic system, but influence each other and restricts mutually, so it is necessary to comprehensively consider the connections between the three. The first part is the game theory analysis between commercial bank and the credit guarantee agencies. The second part is the game theory analysis between credit guarantee agencies and small medium enterprises. The third part is the game theory analysis between commercial bank and small and medium-sized enterprises. This part can be divided into two kinds of case:the first kind is not exist credit guarantee institutions; the second is existence of credit guarantee institutions.The fourth chapter is empirical analysis section, in premise of commercial bank cooperative with credit guarantee agencies, by establishing research model analysis the guaranteed loan scale and the liability share proportion. Study found that when compensatory rate of guarantee full close with the service charge, lending rates full accessible compensatory rate, guarantee scale will sufficiently large.The fifth chapter is policy suggestion section, in the game theory analysis basis of credit guarantee agencies, commercial bank and small medium-sized enterprises, from strengthening the construction of credit guarantee system and improve external conditions two aspects puts forward relevant policy suggestions.Shortcomings of this paper:at first, my level, analysis and description of credit guarantee theory and small medium-sized enterprises systems is not deep and complete enough. Secondly, analysis of credit guarantee systems’ theory that based on game theory is not deep enough and have limitations; thirdly, in premise of commercial bank cooperative with credit guarantee agencies, by establishing research model analysis the guaranteed loan scale and the liability share proportion, but there are many other factors need to be considered, so model still exist great limitations. Finally, because the limitations of paper length, paper did not put forward policy suggestions for credit environment, nor analysis credit guarantee agencies how to operate effectively. This will be the key research and analysis for the next step.