Research On Small And Medium-sized Enterprises Credit Guarantee Legislation Of China

Small and Medium-sized Enterprises (SMEs) play an active role in national economic growth, employment market expanding, exportation rate increasing, and technology progressing. However there are many difficulties in its development, one of them is financing obstacle. Credit guarantee is an efficient instrument to it, and obviously, the relevant legislation is necessary.Based on the analyzing of the financing obstacle that China's SMEs faced, this paper points out that credit guarantee is a feasible method. After comparative research with the US, Japan and South Korea, this paper points out China's SMEs credit guarantee legislation exists some problems, and then presents some suggestions.There are five chapters in this paper, the structure and main points are summarized as follow:Chapter one: Summarizing introduce SMEs credit guarantee. Firstly, this paper points out that credit guarantee is one of the effective means to solve financing obstacle. Secondly, according to legal and economic theory, it presents the principles of SMEs credit guarantee. Thirdly, it introduces the situation of China's SMEs credit guarantee.Chapter two: Introducing credit guarantee legislation and operation framework of some developed countries, such as the US, Japan and South Korea, as well as summarizing the experiences, in order to provide suggestions for our country.Chapter three: Introducing four legal relationships that the credit guarantee involved; Then this paper discusses the current situation of China's SMEs credit guarantee legislation; Finally it points out there are several problems the legislation exists, including the legislative level is low, existing many supervises in a system, lacking a particular law.Chapter four: This part tries to give some useful advices on how to develop China's SMEs credit guarantee legislation which includes the general questions and the special operations. The former includes: legislative level, targets, legislative frame; The latter includes: preferential policy, the mechanism of entrance, capital source and compensating, risk controlling and dissolving.Chapter five: Pointing out the present problems of SMEs credit guarantee legislation in Gansu province and then giving some advices to it, including issue the local regulation as soon as possible, restrain the government's power, standardizing the mechanism of fund's supplement, and so on.