A Study On The Development Of Xinjiang’s Small-and-medium-Sized Enterpirse Credit Guarantee System

In recent years, the Small and Medium-sized Enterprises(SMEs) in our countryhave advanced by leaps and bounds, their levels of development and contribution toeconomic growth in China are gradually increasing. On the whole, SMEs are stillfacing long-term shortage of funds, the difficulties in financing will be the mainfactors hindering the development of SMEs. Financing difficulties mainly in Chinafor SMEs can not be timely and effective accessing to bank loans. In essence, that isdue to the low of SME credit rating and they can not provide full collateral. Theestablishment of SME credit guarantee system is the general practice to support theSMEs in developed countries, that can change government intervention for policyguidance, helping enhance credit awareness of enterprises, to accelerate theimprovement of the bank-enterprise relations and social level of the overall creditimproved. The development of the SME credit guarantee system in China is still in itsinfancy, the accumulated theoretical and practical experience is not enough, therefore,we need to learn the successful experience of the SME credit guarantee system fromJapan, the United States and other developed countries, combining with the Chinesemodel of the Credit Guarantee development system, as well as the Xinjiang regionalcharacteristics to research SME Credit Guarantee System in Xinjiang.