Study On SME Credit Guarantee Institution And Finance Support Of Inner Mongolia

Along with the rapid economic growth in the Inner Mongolia Autonomous Region, small and medium-sized enterprises in the active market, enlarge employment, increase income, stabilizing society and form a rational economic structure plays an increasingly prominent role, the Inner Mongolia Autonomous Region has become a major driving force of economic growth, in recent years. However, due to the small and medium enterprise credit guarantee market asymmetric information can lend to adverse selection and moral risk, as well as the small and medium-sized enterprises by stage of its development is restricted, the reason is that SME is the lack of credit. Therefore, how to solve the problem of financing SMEs is the important issues before all levels of government and theoretical interface, accelerating the development of SME credit guarantee institution is an important way to enhance the ability of SME credit.SME credit guarantee market failure stems from the enterprise credit guarantee with the external economic and quasi-public goods, the external economic and quasi-public goods determines the development of the SME credit guarantee institution can not completely rely on market mechanisms to promote, the government’s support, in particular financial support is essential. So, it is necessary for government adopt the financial subsidies, direct investment and tax incentives and other financial support to the SME credit guarantee institutions, to promote the rapid development of the SME credit guarantee institutions and to solve the difficult problem of SME financing has certain theoretical and practical significance.This article take the Inner Mongolia SME credit guarantee financial support as the object of study, the use of normative analysis and comparative analysis methods to study the Inner Mongolia SME credit guarantee financial support to the related problem. This paper starts from the field of public economics show that SME credit guarantee has great external economy and quasi public product, next,the use of public choice theory for financial support of SME credit guarantee the necessity, methods and results of study provides a theoretical basis, then, the combination of theoretical and empirical, from welfare economics analysis of Inner Mongolia SME credit guarantee institution of financial support to the actual effect, the analysis leads to the conclusion that the Inner Mongolia SME credit guarantee institutions financial support and achieve good results, increase SME credit guarantee products supply, improve the utilization ratio of capital, at the same time, playe the financial support the amplification effect too, but at the same time due to the external environment and its causes of credit guarantee for SME, financial support for SME credit guarantee also exist many problems such as financial support fund gross slants small, the financial investment structure is unreasonable, financial support of the lever effect is not outstanding, the magnification is not big enough, financial support of promoting risk compensation mechanism construction lag and financial support is not legal and clear, finally, aiming at these problem puts forward some improvement of the Inner Mongolia SME credit guarantee institutions financial support countermeasures.