The Research On Credit Guarantee System For Small And Medium-sized Enterprises In China

Under the condition of market economy, the important role of small and medium-sizedenterprises, the important role of the countries and regions, more emphasis on small andmedium enterprises, of course, our country small and medium-sized enterprises are making animportant contribution to the development of national economy in our country. But, in theface of powerful large enterprises, small and medium-sized enterprises in the production scale,technology innovation, and resist the ability of operating risk are there is a big challenge, to agreat extent, all these factors limit the development of small and medium-sized enterprises.Among them, the financing difficulty has become an important factor which restricts thehealthy development of small and medium-sized enterprises, at the same time, this problemhas become the world to the universality of the healthy development of small andmedium-sized enterprises (SMEs) economy. Especially under the impact of the vagaries offinancial environment, many small and medium-sized enterprises have closed down, how tohelp small and medium-sized enterprises through become big subject relational internationallivelihood of the people.In order to solve this problem, many countries are mostly through support for small andmedium-sized enterprise financing to overcome these problems, but timely establish smalland medium-sized enterprises credit guarantee system for small and medium enterprises to getrid of the plight of financing difficulties has become the top priority in the developedcountries.For the exploration of the credit guarantee in China began in the1990s, after years ofdevelopment, especially under the push of policy and law, our country initially formed inaccordance with the situation of our country small and medium-sized enterprises creditguarantee system. But due to factors such as social environment, law environment, the creditguarantee system, the system construction of our country is not perfect, various risks stillbrings us a huge challenge.Based on the developed countries about the legislation of SME credit guarantee system,practice, after careful comparison and study, summing up the successful paradigm of developed countries to develop credit guarantee, to perfect our country small andmedium-sized enterprises credit guarantee system of corresponding policies and Suggestionsare put forward. This paper is divided into five parts:The introduction of the first part of the article. This part mainly includes the researchbackground and significance of this article, the research both at home and abroad, researchmethods and innovation, these three parts.The second part is small and medium-sized enterprises credit guarantee system overview.This part mainly introduces the connotation and characteristics of small and medium-sizedenterprises credit guarantee system, the nature of the small and medium-sized enterprisescredit guarantee system, and the evolution of small and medium-sized enterprises creditguarantee system in China.The third part is the main problems of small and medium-sized enterprises creditguarantee system in China. This part mainly from five aspects this paper expounds the mainproblems of small and medium-sized enterprises credit guarantee system in China are: one isthat can reflect the special requirements of the lack of legislation, such as not enoughprotection of "security law", it is the nature of the "personal rights" instead of "social rightstandard", which determines it must focus on the protection of creditors that the interests ofthe state-owned Banks, it does not accord with the nature of credit guarantee. Second, thelegal status of the credit guarantee agencies are not clear, on the one hand, makes theguarantee agencies to set up and carry out the business can’t can depend on, on the other handlead to some small and medium-sized enterprises can not get the money in time. Three is theproblems in the legislation, credit guarantee business scope such as guarantee product cycle isshort, is too single, etc. Four is that government regulation legislation flaws, because ofChina’s provinces and municipalities to set up the national development and reformcommission, ministry of finance, the people’s bank of China, industrial and commercialadministration management and regulators of commercial Banks and other departments, the"multiple management" has become the important for the further development of small andmedium-sized enterprises credit guarantee system in China. Five is, lack of form a completeset of effective legal system, such as security risk prevention and control mechanism is not sound, the responsibility of sharing mechanism is not scientific and so on.The fourth part uses the method of comparative study, first, this paper introduces thegeneral situation of foreign small and medium-sized enterprises credit guarantee system,including the credit guarantee institutions in Japan, South Korea’s credit guarantee fundsystem, the United States, Canadian government service system and the credit guaranteesystem in Europe. Secondly, through the system of credit guarantee system in developedcountries, summarized its characteristics, finally come to the conclusion that accord withChina’s national conditions, to adapt to China’s development of small and medium-sizedenterprises credit guarantee system of revelation.The fifth part discusses the Suggestions of perfecting our country’s small andmedium-sized enterprises credit guarantee system. One is to develop the special law of smalland medium-sized enterprise credit guarantee and credit guarantee of small and medium-sizedenterprises can have the barrier of laws and regulations. Second, clarify the legal status of thecredit guarantee institutions, in order to effectively support small and medium-sizedenterprises can timely access to capital. Three is to broaden the scope of credit guaranteebusiness. Four is to improve government supervision, to prevent multiple management andexcessive government intervention. Five, perfect the legal system of form a complete set, suchas perfect risk internal control mechanism, and perfecting the risk-sharing mechanism.