Study On Cooperative Credit Guarantee Financing Mode Of SME's Chamber Of Commerce

The financial difficulty of small and medium-sized enterprises (SME) is a common problem during the economic development of each country. Chongqing is an industrial city with many small and medium-sized enterprises. The financial difficulty is a main factor that restricts their development particularly. The problem consists in the blemish of the system and the lack of the business enterprises' credit, therefore, it is the key method to push forward the innovation in the financing system of the small and medium-sized enterprises strongly, to make a try to establish and perfect the credit guarantee system.Starting with the discussions on the financing status of small and medium-sized enterprises, the paper has made a research on the existing difficulty and the cause. Based on the above research, we introduce the financing methods of cooperative credit guarantee of chamber of commerce and propose to set up a new credit guarantee system for the small and medium -sized enterprises. At last, we made a further insight on the internal mechanism of cooperative credit guarantee of chamber of commerce by the case study, pointed out the existing problem and advantage in this credit guarantee system and proposed my suggestions about the development way of new mode.There are five parts besides the conclusion. Part one is an introduction to this paper, which describe the background, purpose and significance of research, the literature review and the framework of paper. Part two discuses the financing status of small and medium -sized enterprises and analysis the existing difficulty of SME financing. Part three describe the character and function of chamber of commerce and propose the operation mechanism and feasibility of cooperative credit guarantee of chamber of commerce for SME. Part four is an empirical analysis on the cooperative credit guarantee of Chongqing chamber of commerce. Part five make a further discuss on the existing advantage and difficulty of the above described financing mode and propose the policy-making suggestion at last. As conclusion, group effect and characteristic of cooperative credit guarantee of chamber of commerce can solve the problem of asymmetric information and inadequate collateral value in financing process. By further improve the relative law and actual operation, there is more strong operability, economic benefits and social effect, Realizing the win-win situation for the financial organ, specially bank, and the small and medium-sized enterprise. There is broad development opportunities of it. We suggest that bank should cooperate with chamber of commerce with strongly overall economy, high social popularity and good credit status. Strengthening the depth cooperation with these partner, determinating loan groups to avoid the high risk borrower. At the same time, bank should strengthen the chamber of commerce guarantee corporation, improve the ability to control risk and make it to be professionalization and standardization company.