Research On Risk Control Of Small And Medium Sized Enterprise Credit Guarantee Organization

As an important part of our national ecomomy,the small and medium sized enterprises(SME) plays a major role in developing ecomomy,obtaining employment and keeping society stable.However,the diffuculty of financing,especially from banks,has badly restricted SME's development.Through a mathmatic model the thesis proves it is information asymmetry between banks and SME that produces the financing probem,so it radically explain the reasonability of credit guarantee organiazation(CGO) which supplies the public product and is designed as supporting policy for SME .The major characteristic of CGO is high riskly ,therefore ,how to control the risk is the core of this study.As for individual applying SME,the key of risk control is to set up a series of evaluating programe. The evaluating method in the paper is to calculate its guarantee risk degree.After that it is necessary to decide the relevant guarantee parametres including charge rate and the magnifying multiple.As for the whole risk of CGO,the paper sets forth the method of capital abundance rate which comes from The New Basel Agreement,and try to control the rate into the safe scale through risk dicentralization and compensation.Afterwards,this paper studies the social credit system which influences the developent of CGO. In the end,this paper gives an example of CGO in ChongQing, discusses its effect and the business size and risk condition, advances the relevant policy suggestion.The major innovation of the study is: firstly,it theoretically explains the reasonability of CGO,proves the public characteristic of credit guarantee,confirms the according to support CGO by government finance.Secondly,it advances the simple method of guarantee risk degree to evaluate the risk of item.Thirdly,it make use of the capital abundance rate to measure the whole risk of CGO,and introduces the VAR model. Forthly,it theoretically proves the relationship between guanrantee size and the social credit condition ,owes the essential resolution of CGO's risk control to constructing a perfect social credit system.In the whole ,as CGO is a baby in our country,there is few relevant study about its risk control,it is this paper which,for the first time,perfectly studies the risk from threelevel:individual item,as a whole,and credit environment,so the paper represents the theoretical exploration and innovation in some sense.