Study On Risk Management Of Credit And Guarantee Of Small And Medium-Sized Enterprises In China

Small and medium-sized enterprises are playing an important role in economic and social development. But because of the high risk of Small and medium-sized enterprises,the insufficient financing has been a restriction on their development. With the development of credit guarantee,the difficult problem of financing of small and medium-sized private enterprises has a little alleviated. There are a lot of problems in credit guarantee because our credit guarantee starts relatively late. There are a great deal of risks in operating our credit guarantee. How to strick and dissolve risk effectively is the key point to assure credit guarantee security operation .This is exactly what focal point of this paper.There are many aspects in guarantee risk management mechanism. Such as risk compensation mechanism, risk shifting mechanism, inside control mechanism and risk early warning mechanism, etc. In risk compensation mechanism, guarantee organization is unable to draw enough risk reserve capital, and fund compensation system of all levels governments have not be founded effectively. In risk shifting mechanism, the anti-guarantee and re-guarantee mechanism that can disperse and shift risk have not be founded effectively too. In inside control mechanism, a lot of guarantee organizations have not set up strict operational procedure and management system. In early risk warning mechanism,the effective risk discerning and evaluation system is lack. The credit evaluation of Small and medium-sized enterprises is mainly by the aid of the simple financial report and a glancing consultation, so true and accurate judgment is lack.In this paper, credit risk management are analyzed from the guarantee organization and enterprises covered of two aspects. First, from the credit guarantee institutions in the risk prevention mechanism to explore ways of the insured enterprises effective risk management. The main part consists of three areas: risk compensation; Risk transfer; Internal control, etc. Second, from start to credit assessment on how effective risk management, As we know, in all kinds of Small and medium-sized enterprises, Technology-based Firms are the most innovative enterprises.After over twenty years, they come in to act as a very important role for adjusting economy structure and achieving progress rapidly in our country .So focusing on Technology-based Firms and basing on the findings of overseas Institution. This paper establish a credit evaluation model,that is fuzzy evaluation which can summarize the character of technology-based Firms. The goal of this model is to evaluate credit situation of Small and medium-sized enterprises. Furthermore the result of it can help Credit Guarantee institution for understanding the credit risk situation and decision-making. Finally, this paper used by the credit rating model for a high-tech SMEs to evaluate the credit rating.Risk management is the difficult problems for it involve in many aspects. I have discussed some measure of risk management of credit guarantee in this paper through my own knowledge. I hope it can play a certain reference role in risk management of small and medium-sized enterprises credit guarantee organization.