Research On The Improvement Of SME The Credit System In China

To solve the problems of SME financing to speed up the pace of SME creditsystem associated with the use of Management, finance and economics basicprinciples, expounded the theory of Asymmetric information to create a SME creditsystem based on the theory of Transaction cost theory and the basic framework ofSME credit system and illustrated the necessity establishing SME credit system fromperspectives of the social credit system and the financing of SME; accordance withdegree of development of the credit bureaus of SME development is divided into thethree stages including the beginning, development, and built; reveal of theincomprehensive of credit legal system, the lack of credit bureaus construction andthe dispersion of credit information data may lead to the confusion of the SME creditsystem; the paper summed up four aspects including the perfect SME laws andregulations, efficient operation of the market, the advanced experience of SME,professional credit institutions and the comprehensive database of SME based on thecredit system in developed countries; raised the four recommendations of promotingthe credit legislation, to speed up the development of credit institutions, strengtheningthe service system, and individually setting SME credit information database.