Analysis On Developments And Problems Of Credit Guarantee For SMEs In Liaoning Province

In Liaoning province, financing problems of SMEs has become the primary problem, puzzling and restricting the development and survival of SMEs. To solve this problem, Liaoning Province developed SME credit guarantee gradually. Relative to the nation, Credit guarantee system of Liaoning Province started late relatively. The first professional SME credit guarantee institution of Liaoning Province established in 1999. Through more than ten years development, SME credit guarantee institutions have made a certain contribution to easing the financing difficulties of SMEs in Liaoning Province. Simultaneously, SME credit guarantee of Liaoning Province has many problems.When analyze the current situation of credit guarantee for SMEs in Liaoning Province, this paper start from the current situation of SME credit guarantee institutions in Liaoning province, development situation of credit guarantee business as well as credit guarantee system, describe the current situation of credit guarantee for SMEs in Liaoning Province in detail, compared with the domestic developed regions of credit guarantee industry. Although the SME credit guarantee of Liaoning Province has begun to take shape, the development of guarantee business is lagging behind, and efficiency is not high. It is difficult for credit guarantee institutions to give full play to the role between enterprises and banks and other financial institutions.SME credit guarantee of Liaoning Province has many problems, such as a small number of credit guarantee institutions and the lack of mutual guarantee institutions, single source of funding secured, single credit guarantee business, higher guarantee prices, low guarantee magnification, lack of risk diversification mechanism.This paper take the development model of Shenyang Hengxin guarantee corporation for instance to describe the problems of credit guarantee in Liaoning Province. Then identify the main cause of these problems form government-oriented, market demand and employees. Finally, learning from the advanced experience of the development of the credit guarantee industry in China, for the main problems of SME credit guarantee in Liaoning province, combined with the specific circumstances of Liaoning Province; propose appropriate countermeasures to promote the stable and healthy development of SME credit guarantee markets in Liaoning province.