Research On Role And Strategies Of The Credit Systems In Small Business Financing In China

Since the 1990s, the role of the small and medium-sized enterprises in China's national economy is more important. However, due to various internal and external factors restricting the development of small and medium-sized enterprises, in the process of its development they face serious financial repression. Among them, small and medium-sized enterprises widespread credit problems become the important obstacle of its financing and development.Based on the information asymmetry theory, credit rationing and transaction cost theory as the theoretical research of credit system to solve the problem of small and medium-sized enterprises, this paper expounds the basic theory of enterprise credit and credit rating, credit guarantee in the SME financing plays an important role in the financing process. On the status of China's SME credit system, study reveals there are problems of the law of SME credit system, resource sharing, security, evaluation, supervision. Finally, learn from foreign advanced experience of the construction of credit system, and put forward the construction of "a platform, two mechanism, four system" as the main contents of the small and medium-sized enterprise credit system to improve the frame of the small and medium-sized enterprises, and puts forward some countermeasures to the credit system to solve the difficulty in financing smes.