Research On The SME’s Credit Risk Assessment In The Financing Guarantee System Of China

Small and medium-sized enterprises arethe important part of national economy in our country,which are playing more and more important roles in promoting the economic development, solving the employment problem and maintaining social stability, but there are two problems- "financing difficult" and "financing expensive" for the small and medium-sized enterprises in the rapid development, which have become the main "bottleneck" that restricts the development and have attracted wide attention from the world. Under this background, the guarantee agencies take participate in the financial transaction in order to solve the “financing difficulties” for small and medium-sized enterprises, and formed a new chain of financing risk- "small and medium enterprises- guarantee agencies- the commercial banks".The guarantee institutions provided credit guarantee for small and medium enterprises, and fixed the asymmetric information between banks and small and medium-sized enterprises and shared the bank’s credit risk, opend up a new channel of financing for small and medium enterprises.The credit guarantee is internationally recognized, however, high risk industry.Since they enlarged the capital scale, the hidden risksare multiplied.The guarantee industry in our country is still in the early stage of development, its high-risk characteristics is more obvious, therefore, the small and medium-sized enterprise credit evaluation system should be established not only in order to strengthen the risk control and prevention capacity, but also to keep sustainable development and to help reduce the risk of the entire financial system.There is a close relationship between creditevaluation and credit risk, so based on the related theory of the credit risk and credit evaluation, the cause of credit risk and introduces the current situation of the development of our country’s credit evaluation are introduced. The domestic and foreign credit evaluation system are analyzed,and according to the characteristics of the development of small and medium-sized enterprises in China and the principle of establishing credit evaluation system, qualitative and quantitative analysis method are used to set up the credit evaluation model of small and medium-sized enterprises,so that to provide the basis for credit guarantee agencies in the risk evaluation and decision-making.The paper will be divided into six parts, the first chapter is introduction; The second chapter for the theory review, mainly expounds the related concepts and theories of financing guarantee and credit risk; The third chapter discusses the present situation of financing guarantee industry in our country and its existing problems; The fourth chapter compares the enterprise credit evaluation method and expounds the existing problems in our country’s credit evaluation system; The fifth chapter uses the analytic hierarchy process AHP to establish the credit evaluation system for small and medium-sized enterprises to provide reference for guarantee agencies in the credit risk assessment and the guarantee service charge;The sixth chapter is the conclusion of the article.