Under The Credit Guarantee System For Smes Development

Whether in developed country or development country, the middle and the small corporations both is the strut of economy. For the middle and the small enterprises have cannot fill in acting on promote science and technology advancement,increase obtain population,in full swing market economy and impulse economy develop. At certain strain said, the in full swing degree of the middle and the small enterprises is attribute the market economy's activity size in one state or one pare. Just for so,the country have successful economy, in the world. Which afford height lay store by the middle and the small enterprises? In finance the country regions excogitate a lot of method to solve the problem on fund. Thus research the issue about financing is possess full important sense on promote our economy develop and society advancement. Before research the financing issue, we must definitude the definition on the middle and the small enterprises .Just in this way, we just can definitude the object of support and development. On this foundation approach the financing back system. The definition has three standards in international: One is paicl-up capital. Two is enterprise's employee effective. Three is taking in one time (usually in one year). In three factors, majority states adopt twain terms, and very few states adopt three terms. Even if, the state adopt homology frame of reference, differ states adoptive different standard. Our country experience five stage. Ultramodern once is on 29th. Feb.2003, by Trade Committee and Development combine the Program Committee and Treasury Department Statistical Department issue《About print and distribute the middle and the small enterprises standard temporary prescribe inform》.The ultramodern standard is warranty enterprise employee effective strength,sale and assets sum, at the time, incorporation vocation's point. It can apply to all formal enterprises. Look at the development of the middle and the small enterprises. The problem on fund shortage is available in the process of development. For the fund is the first urge andabidance urge on enterprise development. In the world heap countries and part very lay store by pioneer the financing canal for the middle and the small enterprises. But the practice proclaims again, there are many prodigious drawbacks in the middle and the small enterprises financing. As: ①information asymmetry, it is the first cause among in financing. Information asymmetry is very severer in China than developed country. This make banks hard of afford correct estimation on the finance of the middle and the small enterprises. For avoid loss, the banks kept height guard on the loan to the middle and the small enterprises. ② high close down rate and high default rate. It is first cause among, it make the banks reluctance supply loan to the middle and the small enterprises. ③the middle and the small enterprises hard of supply qualified hostage and guarantee. Pledge and guarantee for the finance institution is importance instrument to shield oneself benefit, when they loan to the enterprises which information opaque. But owing to self scale is smallness, and fund strength is not strong, many middle and small enterprises hard to supply conform require hostage and found has strength guarantee. ④ Our country capital market develop compare late. For the moment, for the middle and the small enterprises, Stock financing and bond financing yet impossibility become owner financing canal. As above saying, fund shortage is the mostly problem, it persecutes the middle and the small corporation's development. For solve the contradiction between enterprise development and fund shortage. Heap state's governments make many attempts in finance region. Practice proclaim, credit guarantee system byprove is one effective mode to solve de difficult of the middle and the small enterprises floatation of loan. According to imperfect statistic: near 50% state and part had have foundation credit guarantee system. Our government at 1999...