Innovative Research Of The Credit Guarantee System For SMEs In China

From the perspective of the current development of the world economy, SMEs'economy has become an important constituent of national economy. But at the same time the survival and development of SMEs has become a major problem worldwide. SMEs provides a wide range of employment opportunities, and has become driving force of economic growth, and also is the main provider of social wealth.Although SMEs plays such an enormous role in the development of national economy, its development is faced with serious financial difficulty. Therefore, the Credit Guarantee system for SMEs shoule be established to solve this bottleneck in the development of SMEs. Since 1999, our country begin construct the system of credit guarantee for the small and medium-sized enterprises (the SMEs) gradually, this measure has greatly prompted the development of the SMEs. But, in the development of it, it still has some problems.First of all, the thesis discusses some supporting theories on credit guarantee. Based on the analysis of the state of financing with small and medium enterpriseSMEs in China, it puts it forward as the way out of solving the problem of SME' loan dilemma, to set up a national credit guarantee system of SMEs. Then it commonly introduces the present state of credit guarantee system of SMEs in China by induction. And then it researches and summarizes the credit guarantee system of SMEs in representative countries or areas, such as Japan, America, by antithesis deep. Then, on the basis of using international successful experiences for reference and combining the situation of our country, it puts forward some countermeasures and suggestions on how to perfect the internal operating mechanism and optimize the external growing condition, aiming at the problems of credit guarantee system of SMEs at practice in our country.This paper discusses the defects of the credit guarantee system for SMEs, seperately dicusses the character,strengths and weaknesses of policy credit guarantee institution and commercial credit guarantee institution, and simply compares them. So it can be included that Commercial Credit Guarantee Institution should be the main supporting forces and form a the credit guarantee system for SMEs.