Research On Small And Medium Enterprises' Loan Credit Insurance Of China

International journal of theoretical fields thinks generally that SME will be the lead of economic development in the 21st century, and will play a strategic role in the world's rapid and sustainable development. China's SME are an integral part of the national economic system,as the most dynamic cell in China's economy, it is in a rapid growth in recent years, and plays an.important role in the national economy. But the financial support has been given is disproportionate to their contribution, they face a "financing bottleneck" which becomes one of the key issues that restricting the development of theirs. So the problem of financial support for SME becomes a issue that must be solved urgently for China's financial sector and academia. Meanwhile, practice has proved that loan credit insurance to SME is an effective way to solve their problem of financing. However, loan credit insurance to SME was not developed in our country, and commercial credit insurances developed fully need a relatively complete social credit management system and a sound credit restriction mechanism, all of which are not perfect. These contradictions and difficulties exist called for theoretical research of credit insurance, arid called for propose workable solutions. Using the principle of information economics, this dissertation has analyzed the cause for the difficulty of financing. And then, from a new angle, this dissertation suggests introducing the insurance mechanism in a creative way. The new insurance product puts forwards a new way to solve the financing problem, and then promotes the development of small and medium-sized enterprises. It makes a detailed statement and discussion on the introduction of the insurance mechanism, which includes basic principles, necessity, feasibility, operation mode and so on.ChapterⅠdescribes the background and significance of this paper, recalls about the internal and external researches in financing, credit insurance and loan credit insurance for SME, and describes the main research methods. Many domestic scholars study loan credit insurance to SME, but they study only one aspect or several aspects of this insurance, and haven't conduct a comprehensive systematic study. Meanwhile, in practice, SME loan credit insurance system rised in Japan, the United States and Germany, and many countries has adopted it now, which solves the financing problems of SME effectively. So this research has profound theoretical and practical significance.ChapterⅡexplains the basic theories for developing loan credit insurance to SME and lays a theoretical foundation for the discussion. First of all, it introduces the definition, history and development, types of credit insurance. Credit insurance originated in the nineteenth-century England, many countries are forming a perfect credit insurance system now. Credit insurance is a property insurance essentially which based on intangible property interests, loan credit insurance is one kind of credit insurance. Then, this part has a theoretical and insurable analysis in risk management and information economics theory. Insurance is the foundation of risk management, and it is the most influential risk management, many modern forms of risk management is from the practice of insurance. In particular, the loan credit insurance to SME is an effective way to manage credit risk for banks. Information economics researches on economic behaviors about information asymmetry and the corresponding system design, and it focus on solving adverse selection and moral hazard problems, and then lays a theoretical basis to the development of SME loan credit insurance.ChapterⅢanalyzes the financing difficulties of SME and the importance and feasibility of SME loan credit insurance. First of all, it analyzes the reasons for the financing bottleneck of SME from endogenous and exogenous causes. Secondly, it analyzes important functions of SME loan credit insurance to small and medium enterprises, insurance companies and banks. Finally, it analyzes the theory and practical feasibility of SME loan credit insurance.ChapterⅣdiscusses the establishment and development of SME loan credit insurance. Firstly, it introduces the development of SME loan credit insurance and credit guarantees in foreign country, our country can learn from their successful experiences according to actual situations. Secondly, it introduces the model SME loan credit insurance, which including content and operation mode and so on. Finally, it gives policy suggestions to develop this insurance. It includes: strengthening the establishment of laws and regulations, improving the social credit management system, building medium and small businesses'loan credit assessment system and establish a comprehensive risk management system.The author believes that innovations in this paper mainly manifested in:(1) Because China's SME loan credit insurance has not been developed well, comprehensive study of SME loan credit insurance is less, so this paper has theoretical significance.(2) The paper analyzes the development of SME loan credit insurance by using risk management science and information economics.(3) In this paper, both qualitative and quantitative analysis are used to analyze China's SME loan credit evaluation system. Meanwhile, it proposes to establish a comprehensive risk management system innovatively.Lack of papers is mainly reflected in:(1) Because China's SME loan credit insurance has not been developed well, which lacks of comprehensive study literature on this issue, so the information related is less.(2) In the process of analyzing the issue, dues to the information obtained is not very sound, and also by the practical constraints, disclosure of information on the issue is incomplete, the collection on data is limited.(3) It's necessary to sum up the pilot experience in specific operational problems of SME loan credit insurance, and need a further in-depth study, then recommend a more realistic and effective solution...