Study On The Structure And Management Of Mutual Guarantee Fund In Guangdong Province

Financing is an important factor restricting the development of SMEs. Since 2002 when China promulgated the "SME Promotion Law", governments of different levels across the country have strongly supported the development of SMEs, especially making efforts to ease the financing problem of SMEs. As an important one of the options of easing SMEs'financing difficulties, the development of SMEs guarantee system has become the most important projects supported by all levels of government funds. Now under the situation of China's "One body and two wings" guarantee system, the policy guarantees access to an important development, and as a supplementary it is difficult for commercial guarantee and mutual guarantee to achieve substantial development. Italian Mutual Guarantee System is the world's most successful mutual guarantee model; it has made remarkable achievements since the early 1950s. The establishment of mutual guarantee fund is one of the important factors for developing a successful mutual guarantee system.This paper treats the SMEs demonstration base on innovation and industrialization as its study subjects, which are identified by SME Bureau of Guangdong Province. It studies on the structure and management of mutual guarantee fund at the base of government, SMEs, guarantee organizations and banks.This paper is divided into four parts, the first is the introduction, which mainly introduces the research background and significance, the relevant literature review and research ideas, methods, which include domestic and international literature review of research on the mutual guarantee fund. The second part analyzes what Guangdong has qualified for establishing mutual guarantee institutions. The third part described the mutual guarantee fund model jointly established by government, enterprises, guarantee agencies and banks. By this analysis, the fourth part of this paper makes several recommendations on the establishment of the mutual guarantee fund for SMEs in Guangdong Province, including the strengthening of risk management and establishing a government exit mechanism.