The Research On Credit Guarantee System For Small & Medium Enterprises In China

With the development of economy,small and medium enterprises become more and more important in every country's economy,its existence and development turn out to be a more and more important factor to affect a country's economy. In recent years, the Chinese small & medium enterprises (SMEs) have become the important strength to promote the sustaining development of the national economy rapidly and healthily.At present,the primary problem facing the small and medium enterprises is the lack of fund that mainly comes from commercial banks.But as far as the whole condition and the developing trend are concerned, the problem that the capital supply is less than the capital demand would be in existence for a long time .The difficulty to finance could restrict the development of the SMEs.Small and medium enterprises (SMEs) credit guarantee is widely used in the world to help the SMEs finance. It has been an important measure in rebuilding relations between banks and enterprises, strengthening credit concept, resolving financial risks and improving the financial environment for SMEs. It's also effective in changing the government's duty from intervention to political direction.Then the article introduced that the development course and status of the credit guaranty system in China, and analyzed the characteristics and the development trend of Chinese credit guaranty system, and explained the importance of the establishment of a credit guaranty system in China. It also analyzed the property and the characteristics of the guaranty sector and the guarantee operation. And then it introduced the circumstance of international SMEs credit guaranty systems, and studied the basic types and operation modes. Afterwards, it analyzed the questions in the establishment of domestic credit guaranty system. At last, the author forecasted the future of the credit guaranty system in China, and put forward proposals about the present work.