Research On Construction Of Small And Medium Enterprises Credit System In China

The credit system has always been one of the important guarantees to the normal run of the market economy in developed countries, however, the construction of the system in our country has just begun.Due to the increasing ponderance of the faithless behavior of Small and Medium Enterprises(SMEs) and the continual deterioration of the external environment of the credit system construction, the construction of the credit system in SMEs, as an important part of the credit system, comes into being a great problem.So it will have both academic and practical meanings to research it.This paper tries to make a breakthrough in this aspect.From the Reputation in a Model of credit of SMEs with Incomplete Information, it analyzes the reasons and the meanings of the construction of the credit system in SMEs. According to it, this paper shapes its strategic course of the construction.Firstly, this paper has made an all-around analysis about the advanced enterprise credit system.lt expatiates on the essential content of it and some problems needing to be noticed.The purpose is to find out the experience that we can use for reference in our construction of the credit system in SMEs.The next one educes from the Imperfect Information Model between the SMEs and other economic main body and analyzing the KMRW Model about the SMEs' credit that the reason why we should establish the credit system in SMEs is to abate information asymmetries and impel the SMEs to keep faith.The next part aims basically at the development actuality of the credit system of SMEs in our country as well as the main problems that exist in it.From the above.this, paper summarized the relevant strategies and measures about the construction of the system to meet the characteristics and the problems about it, such as choosing credit information registry mode, setting up credit rating agencies and criteria of credit system, making relevant laws and regulations, and so on.