A Study About Forming Core Guarantee Institutions And Credit Guarantee Group Model

Small and medium enterprises that is increasing to develop but need credit support provide with development of the credit guarantee industry, the huge market capacity is attracting a lot of capital into this industry sharply. The credit guarantee industry have appeared some problems, for example, guarantee institutions are small scale, weak power, low efficiency, excessive number of development, industry concentration is low, and so on. The credit guarantee industry form a credit guarantee group through the organization has become the general trend. So, the research for credit guarantee group formation model in the process of development have great significance.The number of the credit guarantee industry is very large at present in China, the entry threshold is not high, withdrawal barrier is higher, the growth rate has been increasing, and present capital size is generally low, qualification is poorer. This is not conducive to the guarantee agencies to business growth and disturbs the normal order of market competition. Therefore, through the adjustment of industrial organization behavior of guarantee agencies formed the nucleus, further to the core guarantee agencies established for core security group is the inevitable requirement of development status of assurance.The study analysis and discusses the formation features and applicability of three model formations of the core guarantee institution, in which the parent company invested capital in subsidiary directly, integrated existing guarantee institutions of this industry, and combined with above-mentioned two ways. And on this basis analyzes four models to centre on core guarantee agencies formed further the credit guarantee group, compared to this obtain the best formation model of our country guarantee groups. Then take the Hunan province as example, the study use CRn index to calculate the industry concentration of credit guarantee industry, the conclusion is the credit guarantee industry current situation of Hunan province is basically belongs to the perfect competition market structure. Guarantee industry is risk industry with obvious economy of scale. The study presents that the best way to change this situation is that ought to be centered on the core guarantee agencies to form a credit guarantee group to increase the level of market concentration, and speed up the transition to the oligopolistic target market structure. There is a empirical analysis for the development model of credit guarantee industry collectivization selection process, it is concluded that which is the best formation model of the Hunan province credit guarantee industry collectivization model.Finally, the article proposes promoting China's credit guarantee industry three countermeasures and suggestions. Studies show that through the organization of adjustment is guided by the government behavior even the organization of existing adjust behavior of guarantee agencies and formed the core guarantee agencies to acquisition integration of guarantee agencies, can avoid price war and excessive competition, producing scope effect. This way not infringed member enterprise already some autonomy and enthusiasm, suit to present assurance large quantities, guarantee agencies for small scale, market concentration is low, in close to perfect competition market structure.