The Construction Of Credit Guarantee System For The Small-and-medium-sized Enterprises In China

This article, by application of comparative economics, is dedicated to analyze loan costs in different conditions and conclude that minimization of costs can be achieved by small and medium-sized enterprise's introducing professional credit guarantee organization, as well as borrower, commercial bank and guarantee organization. Meanwhile, analysis of mode of typical foreign credit guarantee for small and medium-sized enterprise and its characteristics enlightens China's credit guarantee system construction for small and medium-sized enterprise. The article also explores the problems of China's credit guarantee system for small and medium-sized enterprise and tries to find out reasons for existing obstacles of its internal operation. Thus, emerge main train of thoughts and development strategy for China's credit guarantee system construction for small and medium-sized enterprise. All the analysis above points out the construction of China's credit guarantee system for small and medium-sized enterprise is practical choice for benign development of credit guarantee organizations for small and medium-sized enterprise and final conquest of difficulties of small and medium-sized enterprise's financing.