Research On Credit Evaluating Of Small And Medium-sized Enterprises' Financing In China

Small and medium-sized enterprises (SMEs) are an important integrated part of our national economy. With the rapid development of the social market economy after the policy of the reform and opening up, SMEs play a more and more important role in our national economy. But during the development of SMEs, they are faced with many difficulties and problems including financing. As the bottleneck in their future growth, financing has aroused people's concern. In order to solve the financing problem, we must start with the credit problem which the bankrollers are focused on. So, in this thesis financing problem is studied from credit angle, and credit rating is evaluated through building a credit evaluating model.At first, this thesis reviews the theories about enterprises' financing and credit evaluating, analyzes the financing theory from demand and supply angle, and makes a selective analysis on the evaluating models and the relative merits of these models. And then it starts with status of SMEs, and analyzes the financing structure, financing feature and the credit status of SMEs.Next, this thesis investigates several local commercial banks based on the SMEs' financing problems. And it summarizes the current situation of the commercial banks' process on evaluating the credits from the angle of credit rating, credit evaluating index system, evaluation method. Then it designs the evaluating procedure.At last, after analyzing the existing documents, this thesis builds the index system for financing credit evaluating based on the feature of SMEs and their financing, then uses the group grey incidence degree to define the weight of index. Finally it uses the grey incidence method to evaluate the financing credit of SMEs and applies this method to a specific company. It is proved that this model can be used to evaluate the financing credit of SMEs.