Research On Building Small And Medium Enterprises Credit Rating Of Quanzhou Branch In Industrial Bank

Small and med ium enterprises (SMEs) are an important and vibrant part ofChinese economy, which pla y an important role in the develop ment of economy.Especia lly in Quanzhou, more than95%of companies are sma ll-and-medium-sizedenterprises. The development and flourish of sma ll and med ium enterprises greatlypromotes the progress of local economy. But it is difficult for s mall and mediumenterprises to develop and grow, for they are facing the biggest proble m of fina ncing.One reason for this is the lack of a relatively comp lete system of credit rating for sma lland medium enterprises, which makes it difficult for the bank to understand the ir truedevelop ment and growth potentia l. Thus, how to build a complete credit rating syste mfor small and medium enterprises becomes a major issue for banks to be solved.Enterprises credit rating is defined as that the rating agenc ies make an objectiveand fa ir eva luation on the rated enterprises for their performing economy respons ibilityand trustworthy degree, based on the use of scientific index system, rigorous analyticalmethod and the simple symbols. To objectively and accurately assess the SMEs’ creditlevel can not only help banks manage and avoid enterprises’ defaulting risk, but alsocan he lp enterprises raise fund to grow rapid ly. There fore, countries and banks in theworld all build independent and comp lete rating system. But it was not until1980s thatthe credit rating was introduced into our country, its developme nt time is short and thesystem is not complete.This paper makes a comparison between Industrial Bank’s SMEs’ credit ratingsystem and American and Japanese credit rating systems to find the problem ofIndustrial Bank’s SMEs’ credit rating system, based on which this paper build a creditrating system specia lly for SMEs according to the theory of fuzzy comprehens iveevaluation. For the method choosing, to make the system more objective and scientific,this paper chooses the Ana lytic Hierarchy Process method to do the quantitativecomprehens ive evaluation, and also combines the Expert Scoring Method to make thesystem more comprehens ive, thus making it fit to solve the qualitative and quantitativecomb ing rating proble m and also offering the Industrial Bank a new idea to do theSMEs’ credit rating.At last, this paper makes an empirical test for the evaluation modelwith a case. From the result, the new evaluation syste m seems to be accurate andpractical, providing some reference for the building of SMEs’ credit rating system in our countries’ commercial banks.