| Currently, the contradiction between rural borrowers'financing difficulties and financial institutions'loan trouble has become a bottleneck of our rural financial market that is too hard to break through. Because of low comparative efficiency, lack of effective collateral and facing multiple credit risk, it is long before guaranteed constraints disappear. That's why the credit funds from rural formal financial institutions are always fall short to the demands. As a key link, credit guaranty might be able to solve the problem of guaranteed constraints and secure the interest of creditors, which is a significant means to conduct and show capital demands, distinguish projects, identify individual information and estimate the credit risk. Certainly, there have been growing signs of abundant contents, various forms and levels with the continuous deepening of the rural financial market. According to the nature and feature, rural credit guaranty system mainly includes political, commercial and mutual guaranty. Different mode of credit insurance has different characteristics, functions and defects.The specific research design is as follows:(1) Construct a general framework after clearing the purpose, content and methods by giving some grounds and importance of this topic. (2) Define certain basic concepts and clarify related theoretical foundations. (3) The three main guaranty models are analyzed theoretically with dynamic games between guarantor, borrowers and lenders to measure the efficiency. (4) Based on the case of Jingyan county, explore the concrete difference and the different keystone of the representation of these three guaranty models, and find out their problem in practice. (5)Summarize and come to the conclusion, then advise on this credit guaranty work of whole province.Here comes to the conclusion:(1) Guaranty loan of agricultural land circulation income is a promising and proven innovation to entrust financial abilities to agricultural land. (2) Mutual guaranty is the most efficient and appropriate model at present, followed by political and commercial model. (3) There are mainly three kinds of guarantors of mutual guaranty that are farmer specialized cooperatives, agricultural industrialization leading enterprises and natural persons. Also, obtain the respective merits and demerits of the models and forms. According to conclusions, it is thought that reasonable and multi-level guaranty models should be chose, whose correlation might be political guaranty for the guidance, mutual guaranty for the supplement and commercial guaranty for the main part. Furthermore, the utility of natural persons'guaranty should be expressed as far as possible.To achieve this goal, corresponding measures are proposed. Firstly, optimize the external environment through establishing and improving the basic legal system of rural credit guaranty, dividing and clearing the primary function of county agricultural service center, strengthening the construction of rural credit information system. Secondly, focus on the most needed part of every rural credit guaranty model, such as increasing the support for political guaranty organization, guiding commercial guaranty agencies to expand the guaranteed scope, and promoting mutual guaranty standard. Thirdly, refine rural credit guaranty service management with building better land circulating transaction platforms, accelerating the confirmation and certification of land right, making standard for value evaluation of agricultural land, consulting with financial organizations about acceptable levels and developing agricultural insurance increasingly. At last, it puts forward the shortcomings and future research directions. |
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