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

With the economy development on rapid and sustainable since our country had reformed and opened, more and more the small and medium enterprise(SME) is spring up unceasingly to become our national economy important component. Development of SME has a very important effect to creating a job, increasing a fiscal levy, driving technological innovation, promoting export and keeping economic vitality. SME which has difficulty in getting required developing fund is outstanding gradually, because of the poor credit characteristic and the outside environment system. Therefore, in order to change the status about difficulties in financing for SME, establishing the perfect SME credit guarantee system is imperative.Based on the SME credit guarantee system at home and abroad theoretical summarizing as well as relevant theory of the principles of economics, a profound understanding of China's establishment of SME credit guarantee system is necessary. Subsequently, reference the developed countries to develop the SME credit guarantee system for the successful experience, such as United States and Japan, and take into account the development of SME credit guarantee system in developing countries for the part of experience, such as Indonesia. At the same time, the article also introduced China's SME credit guarantee system for the overall development situation, and introduced the policy model, business model and mutual guarantee model in China.Through comparative analysis between China's SME credit guarantee system status and the successful experiences from aboard, understand that the development of SME credit guarantee system has many inadequacies in internal and external, particularly China implemented a single model to effect the burden on the state, not conducive to the long-term development of the national economy. Therefor, the article gives many pertinence policy recommendations in response to inadequacies, and emphasizes that encouraging the development of mutual model is more feasible now.