Competitiveness Evaluation Of Cooperation Agencies For GD Re-guarantee Company

In China, the SMEs play an important role in economic development. But because ofinformation opacity, small-scale, low credit, lack of collateral and other reasons, theprevalence of SME financing problem, severely restricting their development. SME creditguarantee institutions to a certain extent, solve the financing problems of SMEs. But in ourcurrent weak foundation of social credit environment, as well as the negatively affected bysome major guarantee agencies’ fall, the credit guarantee institutions also facing someproblems due to their own shortcomings, such as low bank credit line, guarantee businesshigh-risk and low return, high-margin ratio, no compensatory grace period and other issues.Credit re-guarantee institutions appeared to solve the problems of the guarantee mechanism. Itis able to added value for the commercial guarantee institutions, improve their ability tonegotiate with the bank to stimulate the vitality of the guarantee institutions, and make thesocial credit guarantee system more perfect, and finally create a better financing environmentfor SME. GD Re-Guarantee Corporation (GDRGC) founded by the state-owned capital, inorder to support the development of the SME of Guangdong Province, regulate thedevelopment of guarantee industry, support the development of guarantee institutions,perfecting the social credit guarantee system. This paper based on the perspective of GDRGC,and do the empirical research of the cooperation agencies for GDRGC.Firstly, this paper analyses the current situation of the domestic credit guarantee industry,and introduce the general sutiation and business conditions of the GDFGC, and then putforward the aim of the present study. GDFGC mainly engaged in re-guarantee business, scopeof business throughout the Guangdong Province. Guarantee companies which distributedthroughout Guandong is the cooperation angencies of GDFGC. There are a large number ofguarantee institutions in Guangdong Province, they have uneven strength and quality. How toclassify these partner companies, and then different modes of cooperation according todifferent types of the companies has become an important problem. Currently, there are someunreasonable situation in the process of screening and evaluating the guarantee companies,such as mostly rely on the rating agencies, the rating standard is not unified, neitherestablished the evaluation index system of guarantee institution competitiveness, nor comparethe difference of data of the guarantee companies, and determination of the cooperation modewith single guarantee agency affected greatly by human factors etc..Secondly, analysis the factors which affecting the competitiveness of guaranteeinstitutions, and then establish the competitiveness evaluation index system of cooperating guarantee agencies for GDFGC, which base on the credit guarantee institutionscompetitiveness theory and literature review, according to the principle of establishingevaluation index system, combined with the GDFGC expert interviews. And then selects28cooperating guarantee agencies of GDFGC as the research object, collect the data of theagency as the preparation of the empirical research.Finally, the use of cluster analysis and principal component analysis method, analysis thedata of28credit guarantee agencies, obtain the result of competitiveness comparison andevaluation. On this basis, combined with the actual situation of GDFGC, classify the28companies, proposed mode of cooperation and support strategies of each kind of guaranteeagencies, to achieve the purpose of classify the companies, reduce risk, improve efficiencyand profitability of cooperation. And finally achieve the goal of support the development ofguarantee agencies, improve the financing environment for SMEs in Guangdong Province.