The Design Of Generalizing Micro-credit Guarantee Insurance In Jiangxi Province

In recent years,the influence of medium small and micro-sized enterprises have developed into an important force in China's national economy.But due to their lack of collateral and risk resisting ability such as birth defects,these enterprises have been plagued by financing problems for a long time.What's more,the practice in foreign finance and insurance has proved that,micro-credit guarantee insurance,as an innovative solution to financing problems of medium small and micro-sized enterprises,can effectively help this kind of enterprises to obtain loans in a timely manner.Due to the large number of medium small and micro-sized enterprises,ensuring unobstructed financing channels for this kind of enterprises is particularly important as Government work in Jiangxi province.In July 2013,Jiangxi province firstly created a financing model named CAI YUAN credit service to help medium small and micro-sized enterprises solving financing difficulties and set an good example across the country.Meanwhile,how could insurance mechanism be included into the development of risk security mechanism in CAI YUAN credit service and generalizing micro-credit guarantee insurance in Jiangxi province synchronously,so as to help the small and micro-sized enterprises solving financing problems better and develop the local economy of Jiangxi province,has become the urgent subject of the medium small and micro-sized enterprises financing services.Based on economic theory and pilot experience of micro-credit guarantee insurance in china,this paper final demonstrates how to generalize micro-credit guarantee insurance in Jiangxi province combining CAI YUAN credit service,by means of contrasting present situation of CAI YUAN credit service and the in Jiangxi province.While,in order to perfect the design of Jiangxi's micro-credit guarantee insurance,author has visited Sunshine Property Insurance,Bank of China and its Insurance,the Insurance Regulatory Bureau of Jiangxi Province and Jiangxi Insurance Association to understand the role guarantee insurance played in loan without guarantees and mortgage.This article is divided into six parts,each part including the following.This paper begins with research background and a brief discussion of foreign scholars on the micro-credit guarantee insurance research and practice,and summarize the meaning of generalizing micro-credit guarantee insurance in Jiangxi province,finally describes the main content and characteristic of the research work.Secondly,the second part of this paper explains the core concepts,operational mechanism and economic theory of micro-credit guarantee insurance theoretically.Based on the development course of micro-credit guarantee insurance,the third part of this paper,as a reference for the design,grasps the micro-credit guarantee insurance and analyze the current advanced development model of Micro-credit guarantee insurance comparatively.Moreover,as the core content of this article,after analyzing the development situation of CAI YUAN credit service and the micro-credit guarantee insurance of Jiangxi province,the fourth part summarizes their lack on design,and analyze the necessity of adding micro-credit guarantee insurance into CAI YUAN credit service.On this basis,the fifth part fully describes and explains concrete content of the design from concepts,policies,procedures,risk-sharing mechanism.Finally,further problems that may occur in the process of implementation of the program,possible countermeasures and suggestions are presented.In China,the micro-credit guarantee insurance is still at the exploratory stage of development,but its importance and effectiveness on helping medium small and micro-sized enterprises to solve the financing issues is becoming more pronounced.With the deepening of research and promotion of the pilot,I believe that micro-credit guarantee insurance will become indispensable in micro-credit risk protection mechanism.In the near future,the pilot promotion of micro-credit guarantee insurance in Jiangxi province,without regionalization concept,would provide experience for the generalization of micro-credit guarantee insurance across the country.