China's Sme Credit Guarantee System For Study

Small and Medium Enterprises (SMEs) have developed rapidly and have been an important part of national economy in both developed country and developing country. SMEs are called "significant pillar of economy" in Germany, while Japanese highly believe that "there will not be economic boom in Japan without SMEs, and the US government even takes the SMEs as "back of American economy". The difficulty of external financing emerges increasingly, and has been the primary factors that hinder the development of SMEs. According to foreign experiences, the key to solve this problems is to build and improve credit guarantee system. The effective means for resolving the bottle-neck of our country's SMEs is establishing the SMEs credit guarantee system referring to the international traditional practice. This article's studying object is the SMEs credit guarantee system and has good theoretical and practical significance.In this paper, the author has made a further study and read a lot of related documents, and analyzed the theory base of adopting credit guarantee system. This paper investigates the related theory of credit guarantee and the current situation of credit guarantee of small medium-sized enterprises in our country. The basic standpoint of this paper in solving the financing problems is to set forth "layers of credit guarantee system of small medium-sized enterprises".The great importance of the SMEs is addressed firstly, and then the related theory of credit guarantee is analyzed in both information economics and new system economics, which includes the need for credit guarantee institutions and the function of credit guarantee institutions. Secondly, the development course of credit guarantee system in SMEs is reviewed. The credit guarantee system in our country has achieved a primary effect and shows a "one body-two wings-three layers" structure. However, many problems have still emerged, such as the small fund scale, insufficient profit, excessive government interference and lack of measure to manage risks, etc.Thirdly, the foreign experience of credit guarantee system of SMEs is summed up in succession, especially the experience of Japan and the USA. At last, this article points out that the credit guarantee system of SMEs is incomplete and with many problems based on analyzing and comparing some typical models' experience and according to the exterior social and economic environment of our country. The key to solve the problems is to build and improve "layers of credit guarantee system". This paper puts forward the feasible countermeasures to establish and perfect our credit guarantee system of SMEs with the help of our government.This article brings forth new ideas. Firstly, pointing out that the credit guarantee of SMEs in China gets into moving forward and improving lawfully stage from...