Operating Model Of The X Credit Reguarantee Company Ltd.

With the rapid development of economy, small and medium-sized enterprises demand for money is still strong. The absence of credit guarantee system for a long time again, credit guarantee institutions’ credit lack of ability. Bank is not fully trust, credit guarantee failed to give full play to the leverage effect, so c the financing needs of small and medium-sized enterprises cannot be satisfied well. In June 1999 the former state economic and trade commission issued "about establish credit reguarantee system construction pilot guidance"(In the economic and trade [1999] no. 540)put forward specifically for credit reguarantee system construction for the first time. "Reguarantee" as our country small and medium-sized enterprise credit assurance "approaches four layer" an important part of the framework. If relying on guarantee agencies, expand to guarantee operation mode, to ease the difficult financing for small and medium-sized enterprises is of great significance.State and local governments encourage to establish reguarantee company which is controlled by local government and vigorously support the development of financing guarantee industry now. The X credit reguarantee company Ltd. was established in December 2008, is one of the earlier set up to reguarantee companies at the provincial level. After several years of exploration,the development has a certain scale. Compared with other provincial guarantee company again, development speed is relatively slow, business development lacks staying power, Capital accumulation is weak, Compensatory risk is increasing, and so on. Its operation mode efficiency is relatively low and has the influences on the sustainable healthy development of the future. In this paper, guided by the company’s operating theory, the author analyze the X operating mode and the problems, perfect the company’s operating management solution, and then put forward the corresponding opinions and suggestionsIn this paper, the author comprehensively comparative analysis of developed countries existing credit reguarantee operating model and list exists in our country to reguarantee form and analyze their respective advantages and disadvantages. In order to solve our country small and medium-sized enterprise financing difficult problem, our country should improve the credit reguarantee system and strengthen the construction by learning the advanced experiences from the developed countries. Combining with S province present situation of economic conditions and assurance,the X credit reguarantee company is positioned as the provincial institutions. It will initiate reguarantee fund and apply to the bank credit guarantee by its credit and reguarantee fund size. The bank credit guarantee will be transferred other guarantee agencies under the right conditions. The final risk will be taken by X. The author also design the specific implementation plan which will provide reference of the theoretical basis and practice about the development of the credit guarantee agencies and small and medium-sized enterprise financing in S province. The author will provide a sustainable development strategy of the X credit reguarantee company Ltd.In this paper, the author tease Shandong, Anhui, Henan and other provinces to reguarantee company business development at present stage. The research also put forward to the improvement measures and suggestions about the company’s existing operation mode and further verify the rationality of the new operating model and effectiveness by the theoretical analysis and its historical data, which can provide the reference for the company decision-making strata.