Research On Loan Guarantee Insurance For Small And Medium-Sized Enterprises In High-Tech Industries In Jinwan

High-tech industries are increasingly becoming an important factor in economic competition.Jinwan District of Zhuhai is trying to build a high-tech industrial cluster of new energy,new energy,bio-medicine and high-end printing equipment,which has the following characteristics: Small,medium and micro enterprises account for a large proportion and contributes greatly to the output value,the demand for financing is strong,but its development cannot be fully supported only by the government policy,therefore the further financial support is needed.Small.medium and micro enterprises play an important role in high-quality economic development.However,due to the small scale,imperfect management,and short life cycle,their core competitiveness is weaker,the necessary collateral is less,these lead to higher credit risk.In addition,due to external reasons,such as financial market development restrictions,indirect financing,such as commercial bank loans is their main method of financing.However,in order to control credit risks,banks often adopt credit allocation methods to mitigate risks.Therefore,most small and medium-sized enterprises are faced with the problem of difficult and expensive financing.The research object of this thesis is the loan guarantee insurance for small,medium and micro high-tech enterprises in Jinwan District,takes the life cycle theory,credit rationing theory and growth pole theory as the guide,to discuss the concept,characteristics and credit enhancement mechanism of loan guarantee insurance.And takes Foshan as an example to deeply analyze the business model of insurancegovernment-commercial bank.Then,this thesis conducts a questionnaire survey on small and medium-sized enterprises,commercial banks,and guarantee companies in Jinwan District.The survey results show that there is no credit product linked to insurance in Jinwan District,over 70% of the interviewed companies do not understand what is loan guarantee insurance.In addition,due to the operation of loan guarantee insurance faces greater moral hazard and adverse selection,Property insurance companies in Zhuhai City are very cautious about developing loan guarantee insurance business,and the government has not intervened to make a bottom line on risks,resulting in the loan guarantee insurance market in Zhuhai City and Jinwan District to be inactive.Compared with the regular business model,the government plays an important role in the bank-government-insurance business model.By providing subsidy to financing parties for purchasing insurance,providing subsidized interest to financing parties,and providing compensation support for the credit risks faced by insurance companies,it can effectively coordinate the distribution of benefit among insurance companies,commercial banks,and small,medium and micro enterprises.Therefore,it is suggested that Jinwan District should develop the financing model of bank-government-insurance.At the same time,Jinwan District should improve the development environment before introducing loan guarantee insurance to help the financing of high-tech industries.Firstly,the system should be the first to clarify the division of right and responsibilities,the risk sharing mechanism,and the special funds.Secondly,it should do a good job in consumer education,to improve the cognition loan guarantee insurance and related policies.the third is also important that collecting and sharing of credit information,to reduce the moral hazard and adverse selection caused by information asymmetry.