Research About Financial Support For The Development Of Our Country’s Medium And Small-sized Enterprise Financing Guarantee Agencies

For a long time, the difficulties of financing of medium and small-sized enterprisehas always been a uneasy and worried problem of government. Medium and small-sized enterprise financing guarantee agencies can be applied to help medium and small-sized enterprise apply for bank advance as a bridge and link. And also it can be used to assist government solve difficult hard and expensive financing of small-sized enterprise as a important method. But financing guarantee product provided by medium and small-sized enterprise financing guarantee has strong quasi-public product attributes and positive external effects, and always suffer from little benefits but serious tremendous risk problem. So such problem can be solved by market mechanism alone, and also need government intervening to promote medium and small-sized enterprise financing guarantee agencies sound development. Therefore,financial support can be used to cultivate and develop medium and small-sized enterprise financing guarantee institutions to release leverage point of fiscal policy so that it can help expend channel and scale of small-sized enterprise financing, and also improve probability of medium and small-sized enterprise financing. These are financial performance of the allocation of resources, promote economic development and other functions of the important performance.This article is based on the above point of view. First, the paper introduce selected topic background, the selected topic significance, the research purpose and the related research results at home and abroad. Second, the paper comb out the financial support for the theory basis for development of medium and small-sized enterprise financing guarantee agencies in China to provide theoretical to support for fiscal behavior. These include related concepts of medium and small-sized enterprise financing guaranteeagencies and financial support to medium and small-sized enterprises in our country theoretical basis for the development of financing guarantee institutions, including the Public Goods Theory, the Externality Theory, the Information Asymmetry Theory and the Theory of Financial Fntermediary, etc. Third, by studying the financial support and the intrinsic relation between the medium and small-sized enterprise financing guarantee institutions, the paper points out that the financial support of the development of medium and small-sized enterprise financing guarantee institutions necessity, feasibility and urgency, and puts forward the financial support of the development of medium and small-sized enterprise financing guarantee agencies role positioning, and the imperfect dynamic game theory is adopted to financial support game that our country medium and small-sized enterprise financing guarantee institutions is an important supplement to the existing theoretical basis.Fourth, the article indicate how our country medium and small-sized enterprise financing guarantee institutions development status and existing problems is, and points out that present situation and effect of guarantee agencies of medium and small-sized enterprise financing guarantee institutions by support by government finance. And through the combination of qualitative analysis and quantitative analysis method to find out what wrong with financial support. Primarily the paper utilizes qualitative analysis method to study existing problems in the development of medium and small-sized financing guarantee institutions supported by fiscal policy; then the essay chooses 10 provinces at year 2008-2014 medium and small-sized enterprise financing situation about development of guarantee agencies and financial support of data, and uses panel data model for quantitative analysis of the problem; Again aiming at problem of current situation, the paper primary through cause and second cause to find out the problem of root. Fifth, the article draws lessons from the United States,Germany, Japan, South Korea, Taiwan region of mature experience and concludes which lessons can be used to develop our country’s medium and small-sized enterprise financing guarantee institutions by supported by finance. And focusing on the problems and reasons of the proposed before, puts forward the financial support of the development of medium and small-sized enterprise financing guarantee institutions general requirements and the corresponding countermeasures and suggestions. To bespecific, countermeasures include the financial support of guiding ideology basis and method, and put forward in the development goals should intensify policy support,speed up the value reduction of financing guarantee institutions and improve the financing guarantee of risk sharing mechanism, etc. Finally, the paper puts forward specific operational measures, and other than supporting measures which are not fiscal measures.