The Research About SME Credit Guarantee System Of Pingdingshan

50 years ago, Pingdingshan city was built, It's pillar industries were energy and raw materials industry, the economy was booming, and gradually formed the coal, steel, electricity, chemicals, textiles, building materials, food, electrical and mechanical industries to support the industrial system.With the continuous advance of the pace of reform, the city is in a critical period of economic restructuring, moving away from the old model of economic development relying on the energy and resources. With the implementing of the second business and the creating of the economic powerhouses, the state-owned enterprises has left little now, small and medium enterprises and non-public economy in the process has made rapid progress. The contribution rate of SMEs and non-public ownership to GDP has growing from 36.1% in 2004 to 51.3% in 2008. They have played an important role in improving people's lives, enhancing the vitality of the market, increasing the employment opportunities, and promoting harmonious development. But like other area, because management instability, lacking of credit reference, credit (transfer) means, security devices and other reasons, lots of SMEs and non-public ownership were difficult to obtain the necessary financial support from the bank or other channels. This has became a bottleneck restricting the development of small and medium enterprises.In order to alleviating financial problems, in 2001, Pingdingshan introduced guarantee agencies, in the developmenting of nine years, has formed a system including policy guarantee institutions, commercial guarantee institutions and mutual guarantee Institutions. But overall, there are still many structural problems and security issues in Pingdingshan's credit guarantee system, so it has not playing its due role.This is the starting point, through the analysis of the Pingdingshan current situation of SME and financing development, combinig the experience of the guarantee system construction at home and abroad and some theory, the writer will raise the city's overall framework of credit guarantee system and research some other questions about the system.