The Reseach On The Innovation Of Credit Alliance Mode Of Sme

In recent years, with the further development of economy, SME makes great contributions in booming the economy. Although SME in our country have realized fast development, supportive capital source for their development is quite limited, especially to get financed by banks. The financing difficulties have seriously hampered normal and orderly development of SME. The reality is that, bank credit is the major financing channel and capital source for SME, if banks design credit products suitable for SME to solve their financing problems, they would achieve win-win result.This paper based on the theory of credit derived financial innovation and the theory of intermediate organization, proposing to use the mode of credit alliance to solve the financing problem of SME. The mode of credit alliance is a "derived" financial innovation from the perspective of meeting financing demand of the market. The introduction of diversified intermediate not only overcomes problems of single intermediate like narrow applications and asymmetry between income and risk and so on,it also adapts to development situations of industries and regions for it helps maximally utilize the available resources, exert existing advantages, and solve problems of information asymmetry and inaccessibility of enterprises. By improving and combining credit distribution of members and overall credit marginal level of credit alliance, it is possible to realize higher uniting and credit level and transfer "credit chain" to "financing chain" maximally.The author has first introduced definition, development features and mode classification relevant to the mode of credit alliance of SME. By applying game theoretical mode, the author has described realization and running mechanism of the mode. Based on case comparison and analysis, the author has pointed out that development situation and existing problems of the mode of credit alliance of SME Moreover, by localizing excellent experience of solving financing problems of SME in foreign countries, the author has proposed more practical innovation model, with an aim to perfect all kinds of supportive mechanism, improve credit rating of SME, and reduce financing risk of banks and enterprises. Moreover, it will also improve financing environment of SME and solve financing difficulties of them by doing this. The research has practical and long-term influence and significance in promoting national economic development and activating theoretical researches of economics.