Small And Medium-Sized Enterprises (SMEs) Financing Secured: Pattern And Countermeasures

Small and Medium Enterprises (SMEs) of our country have developed rapidly since the Policy of Opening and Reform. The position of SMEs in national economy is outstanding day by day. At the same time, we must be aware that a variety of shortages inhered in SMEs restrict the normal growth of SMEs. The most evident embarrassment is lack of capital and financing problem. Through analyzing realistic conditions and approaches in SMEs financing, we have discovered that the effective means for resolving the problem is establishing the SMEs credit guarantee system refer to the international traditional practice. Comparing and analyzing the characteristics of various system and operation mode, constructing and perfecting SMEs credit guarantee system in ChinaIn this paper, firstly, we discuss the essential relevant definitions of SMEs credit guarantee system. Such an the definition of SMEs; the definition of SMEs financing; the definition of SMEs financing crdtit guarantee system. Secondly, we discuss that the meaning of developing and perfecting the financing credit guarantee system of SMEs of our country through comparing, analyzing and using home and overseas' practical experience in SMEs credit guarantee system for reference. At last we compare the policy guarantee and mutual guarantee, then we must develop mutual guarantee as well as we can be.