Research On Construction Of Credit Evaluation System Of Suzhou GF Guarantee Company

With the in-depth exploration of the socialist market economy construction practice in China,the multi-ownership economy has developed vigorously and China has formed a group of small and medium-sized enterprises with a considerable scale.The internal reasons such as the weak competitiveness of small and medium-sized enterprises,poor credit conditions,insufficient collateral and irregular financial management,as well as external reasons such as imperfect laws and policies to support financing of small and medium-sized enterprises and the social financing threshold is too high,have led to the difficulty of financing of small and medium-sized enterprises becoming a universal social problem,for which the guarantee industry has emerged as the times require.Guarantee company,as a bridge between banks and enterprises,operates credit,manages risks and assumes responsibilities.It is internationally recognized as a highly professional and high-risk industry.Guarantee company has the function of enlarging funds and simultaneously enlarging risks.Therefore,a scientific credit evaluation system is the core competitiveness of guarantee companies.Suzhou GF Guarantee Company studied in this paper was established on December 28,2001.It is the earliest state-owned holding guarantee institution established in Suzhou area.The company adheres to the principle of "policy capital,enterprise management,and market operation" and follows the concept of "controlling risks,strengthening services,and making small profits" to solve the financing difficulties of small and medium-sized enterprises in Suzhou,and to resolve the bottleneck constraints of "financing difficulties" of small and medium-sized enterprises,so as to promote the local economic development of Suzhou.After several years of development,Suzhou GF Guarantee Company has obtained the approval of banks and other financial institutions in Suzhou and the majority of small and medium-sized enterprises,but there are also some problems in credit evaluation.Based on this background,this paper uses inductive analysis,qualitative analysis,case analysis and other methods to analyze the credit status of Suzhou GF Guarantee Company,points out its existing problems,analyses the causes of its formation,designs and constructs a systematic credit evaluation system,reconstructs the operation process of credit evaluation.In order to ensure the healthy operation of the credit evaluation system,it mainly improves from three aspects: rules and regulations,personnel protection and technical support,so as to improve the efficiency and effectiveness of the credit evaluation system.Taking HQ Glass as an example,the evaluation process and conclusions under the original credit evaluation method are compared with those under the new credit evaluation system,which proves the integrity,objectivity and reliability of the new credit evaluation system.It has a certain reference value and guiding significance for Suzhou GF Guarantee Company to improve the ability and level of credit evaluation.