The Study Of The Financial Cooperative's Operating Model

The small and medium-sized enterprise is honored as the most active economic growth cell, in the develop economy, to be prosperous the market, the job enlargement aspect to play the very vital role. But, as a result of small and medium-sized enterprise own shortcoming and our country monetary system still imperfect influence, at present small and medium-sized enterprises of our country, regardless of uses internal source financing, is very difficult using extraneous source financing, the fund lacks into restricts the small and medium-sized enterprise development main "The Bottleneck".This article elaborated the financial cooperative is to solve the financial organization which especially the small and medium-sized enterprise financing difficult this feasible question constructs. The financial cooperative embers of society join a company, is mainly to use cooperative's collective power to improve own production and the living condition, maintains own earns the benefit. Because the financial cooperative has the regional characteristic, can use the place fully the information, easy to understand the small and medium-sized enterprise the state of operation, the project prospect and the credit level, can also overcome the management barriers of the finance service industry, these problems such as, "The information not to be asymmetrical" effectively and because of the information causes not completely the transaction cost is very high. Particularly therefore, the financial cooperative regarding the numerous small and medium-sized enterprises, the partial small and medium-sized enterprises which the property credit was insufficient, was an effective financing channel.Because the financial cooperative is founded on the Credit cooperative and on the enterprise group's finance company, theoretically speaking, the financial cooperative is a new beginning of financial intermediary study, and it is also the intersection of enterprise managing finances study and the financial intermediary study. This regarding discussion effective managing finances, enhances the capital effectiveness and speeds up the small and medium-sized enterprise development to have the very important theory value. First, this article has analyzed the financial cooperative 's background, and to present domestic and foreign has carried on the discussion in the corporate finance aspect's research present situation, simultaneously to established the financial cooperative's significance and the function has carried on the elaboration. Next, synthesized the domestic and foreign famous scholar's viewpoint, this article to the corporate finance thought concept, the nature, the characteristic, the principle as well as the movement environment has conducted the research. Once more, this article in the financial cooperative solved in the small and medium-sized enterprise financing problem to conduct the related feasibility study. Afterward, in above the corporate finance thought's rationale, this article elaborated emphatically the financial cooperative's operation pattern, has carried on the discussion and the corresponding explanation to the financial cooperative's each operation stage. Finally, the paper has carried on the discussion to the financial cooperative's movement risk and the risk management, has adopted the corresponding risk management strategy in view of the financial cooperative's unique risk, and pointed out that the financial cooperative has the financing characteristic which other financial organization does not have,will certainly to have the good prospects for development finally.