| In recent years, China’s small and micro businesses enter a stage of rapid development. It has become the force that to ease the employment pressure, to increase tax revenue, to promote technological progress. However, China’s small and micro enterprises still insurmountable Macmillan gap, facing severe financial difficulties. Industrial clusters as an important mode of production organization, provide an institutional basis to improve the financing environment for small businesses. small and micro businesses in industrial clusters have more advantages than single micro-enterprise for their internal network and geographical features. So industrial clusters can help small and micro businesses overcome financial constraints and improve the financing environment. However we must find some way to integrate the potential of mall and micro businesses in industrial cluster if we want to help themselves out from financing difficulties. Guarantees as an necessary condition for small and micro businesses on bank financing plays an important role in raising the level of business credit and reducing credit risk. Through innovative financing secured model to integrate the advantages of industrial clusters of small and micro businesses can raise their level of credit and clear their financing obstacle.In this paper, we take the industrial cluster of small and micro businesses as the research object, through comparing with small and micro businesses in financing conditions, to analyze the impact of industrial clusters its internal financing of small and micro businesses; In this paper, in order to maximize the advantages of cluster financing, corporate finance to maximize the efficiency of the matching of risk and return, as a mode of financing guarantee selection criteria. Obtaining mutual guarantee fund is best suited secured mode for small and micro enterprises in industrial clusters by comparing the three financing secured on the standard model. Then analysis the reason of mutual guarantee fund can effectively run on in the industrial clusters by dynamic game model.The emphasis of this paper has turn to the design of mutual guarantee fund after we determine the mode of financing secured. Firstly, combining the characteristics of industrial clusters of small and micro participators Mutual Guarantee Fund of Funds, the total budget, fund accounts and fund management company organizational structure design. And embedded information sharing platform running the fund management process in order to achieve interoperability between the cooperative banks, guarantee fund management companies and members of the small and micro enterprise information. Then on the basis of a security assessment on the qualification of mutual guarantee fund specific guarantee program design, including Membership, credit rating, project approval, project tracking, breach of warranty processing and other specific business design. Finally, put some Policy Recommendations to promote the development of industrial clusters of small and micro businesses mutual guarantee fund. |
