Government-led SME Collective Trust Evaluation

Small and medium-sized enterprises (SMEs) have an irreplaceable position in ensuring the development of the national economy, increasing employment opportunities, optimizing economic structure, promoting technological innovation, improving people’s livelihood and so on. However, the difficulty of financing has been a bottleneck restricting the development of SMEs, especially small and micro enterprises.The SMEs collective trust for small and medium enterprises, a number of small and medium-sized enterprises will be united as a whole, Unified the issuance of trust plans to raise funds Through the trust company and allocates the raised money to each company. In collective trust, enterprises determine the amount of their capital requirement and bear their debt by their own, and there is no debt guarantees among them. Credit guarantee responsibility for all enterprises are trusted with a guarantee corporation. It is the mainly contents of The research Whether can the SMEs collective trust under the guidance of the Government effectively solve the financing problem of small and medium-sized enterprises, and realizing long-term sustainable development.This article systematically summarized the current development, features and advantages of the SMEs collective trust, and systematic analysis mode of operation trust of SME. Then from input costs, business benefits, risk management and control and other aspects of SME collective trusts and other finance products for comparative analysis by the perspective of SME collective trusts participating subjects such as Government departments, trust company, Guarantee Corporation and investors,then make a conclusion that the current SME collective trusts as a mode of financing of small and medium-sized enterprises is operable, practicable.The SMEs collective trust products carryed out in Beijing are taked as Basic data in the research.Through holding Complex factor down to every level to different stages of financing,from Macro to micro, we choose Interest, financial cost, financial risk, the degree of marketization, operability, the risk of timely, the purpose of funds, the proportion of utilization of the fund As the evaluation of the impact of financing efficiency of SMEs collective trust factor from The influence factor of financing of small and medium-sized enterprises based on the literature, expert consultation, business data analysis.Then we explore the establishment of the SME collective trust performance evaluation index model, and AHP method is used to set the weights of evaluation indexes model.Different ways of financing model are compared from the perspective of enterprises by the model,Through the empirical research, it come to the performance of different financing situation,then make the conclusion that the SMEs collective trust products is effective.and Long-term Sustainable. Finally Give some suggestions for the SME collective trust on Market-oriented, capital structure, market competition and the level of credit and other aspects relevant recommendations.