Small And Medium-sized Enterprise Financial Guarantee System Construction Research In Inner Mongolia

In recent years.Inner Mongolia keeps the economy to a high growth rate in China.Small and medium enterprise(EMSs) play an immportant role of Inner Mongolia economy development,which are on the key transitional period of scale expansion,structure upgrading,technology progress and market exploitation.But now financing constraint becomes bottleneck of EMEs development.It is explored that there are three underlying reasons:the systematic issue of SMEs themselves,the institional issue of financial system and the inconsistent issue of policy making.To settle on a solution to SMEs financing constraint,this paper argues that there should be a finance security system innovated from all above three aspects.According to the analysis of strategic environment and strategic capacity assessment,Inner Mongolia SMEs finance security system should be based on multiform and multilayer demands of SMEs.The competition strategy of finance security system is to mobilize all kinds of economic resources,including state-holding commercial banks,joint-stork commercial banks,local commercial banks,trust company,finance lease companies,micro-credit companies,SME credit guarantee companies and so on,which leads to diversified competition predominance.It is a long-term and systematic construction of Inner Mongolia SME finance security system,which is still in prime period.The growth strategy should cover the development of EMS,finance institutions and local government.It will be the trend to the SME that its development integrates to the innovation of finance institution,financial system and financial products, which will form expansion capacity of finance security system in support of future development.So,this paper on the analysis of competition strategy and growth strategy,it suggests the concrete steps of implement the finance security system should include three combination:the combination of capital asset and financial capital,the combination of large-medium-small financial capital,and direct financing and indirect financing.