Problems And Countermeasures In The Supervision Of Financing Guarantee Corporation

In recent years, with the continuous development of financial system reformation, financing guarantee industry has been rapidly developed. This has played a positive role in solving the financing difficulties of small and medium enterprises. But with the rapid expansion of the industry, all kinds of risks have risen and accumulated. Recently, all over the country, illegal business of financial guarantee companies has been frequently identified. These have not only placed negative impacts on social and financial order, but also exposed the government supervision deficiency of financing guarantee corporations. This paper mainly found the weakness in regulation, and put forward to improve and strengthen the supervision, through analysis of Sichuan financing guarantee industry development and supervision status.The article is divided into five parts. The first chapter introduces the background of the topic, the significance of the topic and the research status. This chapter mainly introduces background, that along with the rapid growth of financing guarantee industry, risk accidents frequently occurred, during the process of social and economic development. These leads to the purpose of this article, that further enrich the theoretical system of financing guarantee industry regulatory issues, at the same time provide a reference for the local government to improve supervision of financing guarantee companies. In addition, this chapter helps organize the existing research results from three aspects, the basic situation of the financing guarantee industry and the risk situation, the existing problems of the current supervision system and the countermeasures and suggestions of improving the supervision system.The second chapter describes financing guarantee industry development status of Sichuan Province, mainly mentions the industry situation before and after Sichuan Huitong Guarantee Corporation incidents, and analyzes the reasons for the incident. Through the comparison of Sichuan financing guarantee industry statistics during 2011 and 2014, this chapter summarizes the development condition of Sichuan financing guarantee company in recent years combined with work experience, and analyses of the deep-seated reasons of Huitong Guarantee Corporation incident.The third chapter mainly introduces the dual regulatory system of the financing guarantee industry at present, and analyzes the advantages and disadvantages of the current system at macro level. Under the premise of current system, this chapter put forward three aspects of existing problems: loose regulations of the financing guarantee inter-ministerial Joint Conference,low efficiency; difficulties to implement the regulatory responsibility due to relationships of local financial department; inadequacy of the central policies for local conditions.The fourth chapter is analysis of supervision status of financing guarantee industry in Sichuan Province. This chapter introduces the basic regulation modes, local government finance office responsibilities, regulations etc. Also this chapter puts emphasis on proposing existing supervision problems at micro level, including imperfection supervision of legal system, lack of effective means of coercion, difficulties of implementing regulatory responsibility, deviation of regulatory focus, imperfection of regulatory measurements and poor integration of regulatory resources.The fifth chapter is the main part of the article, mainly is to improve the regulation of the financing guarantee industry with the particles of countermeasures and suggestions. The former views are proposed on the basis of the existing problems within the Sichuan provincial supervising and its management system as well as the reason of Sichuan Huitong guarantee accident The author believes that the local government should draw lessons from traditional financial supervision departments of supervision experience, proceed from five aspects: the regulatory system improving, highlighting the focus of supervision, strengthening supervision and coordination, improving the way of supervision, integrated supervision resources etc., to solve the problems existing in the present supervision, to further enhance the financing guarantee company supervision level, the regulatory responsibility for the implementation of local financial.