SME Guarantee Project Credit Risk Management Research

China's small and medium enterprise is an important part of the national economy, has become the main channel of employment,the force of increasing the financial. However,difficulties in financing have become the bottleneck of the survival and development of small and medium enterprises.To solve this problem,guarantee companies rise.In view of the guarantee company's risk,therefore,how effective to manage credit risk has become an important issue.This article is divided into six sections:the first part introduce the background of the paper,the research at home and abroad,the framework and innovative point of this article;the second part introduce the credit risk management theory and methods;the third part introduce guarantee project Analysis of credit risk management;the fourth part introduce problems and suggestions of credit risk management,such as cash flow analysis,VaR model,guarantee options;the fifth part study a guarantee project about Dongfang corporation;for the final,it is summing up and prospects.