The Operational Mechanism And Risk Research Of The Mutual Insurance Joint Guarantee System Under The Framework Of The Relationship Financing Of SMEs In China

SME play an important role in the development of our national economy and play an indispensable role. However, the problem of financing the development process is the key constraints faced by SME, which restricts its growing, and the arduous task of financing SME in the world is a difficult problem, about how to deal with domestic and foreign financing Research problems also abound in numerous studies among relationship financing is considered to be one of the effective measures to solve the problem of financing SME. Relational Financing as a people problem of financing SME beneficial exploration, which is mainly long-term financing by the two sides to form a comparison between the respective well-known relationship between borrowers and lenders then use this "relationship" and get another "soft information" advantage to reduce the asymmetry of information between the two sides to achieve the purpose of financing and promoting the formation of modes of financing. Relational Financing important relationship financing guarantee part of the rise in the innovation mechanism between WEN ZHOU SME financing system on the nature of mutual UNPROFOR. The model applied to obtain a rapid development when financing SME, which have human characteristics of UNPROFOR mutual system showed a strong wealth creation effect, effectively solve the problem of financing faced by SME. Therefore, in-depth study of financing mechanisms relationship financing system under UNPROFOR mutual system is necessary.UNPROFOR mutual relationship financing system as an important financing guarantee mechanism innovation, indeed effectively alleviate the financing difficulties of SME in the Absence of guarantee. However, since 2011, the excessive use of WENZHOU area-based mutual insurance UNPROFOR mechanism triggered a regional credit crisis, UNPROFOR mutual participation of SME in the emergence of a large-scale collapse of the chain effect, the sudden increase in bad debts, Regional credit crisis, seriously endanger the stability and financial security of the regional economy. Within the article Health monetary theory, in-depth analysis of the connotation and mechanism of mutual insurance system UNPROFOR mutual discovery system design itself there are some "two-way strengthening mechanism" that can help it do not meet the conditions of the credit business degree had difficulties obtaining credit support of financial institutions, but also contributed to the excessive use of corporate credit deterioration of the mechanisms leading to the chain, excessive use of mutual business UNPROFOR system is caused by the debt crisis is "fuse" and eventually lead to serious regional debt crisis. Minsky's financial instability hypothesis-depth interpretation of the crisis that the stable economic development of the breeds instability in mutual UNPROFOR System Development Enterprises in China, the financing of enterprises from hedge financing to Ponzi financing conversion is the risk of mutual UNPROFOR crisis evolutionary path, so the crisis risks mutual UNPROFOR depth analysis of the evolution of processes for better response to the crisis has a crucial role. And in-depth analysis of the operating mechanism of mutual connotation and UNPROFOR system and resolve risks associated evolutionary path mutual insurance system has important theoretical and practical significance for the rational use and supervision of the system. In foreign Grameen Bank loans UNPROFOR team and Italy as a mutual guarantee loans UNPROFOR mutual credit system typical success case analysis, and absorb the successful experiences provide a useful reference for the better development of China's mutual UNPROFOR system. In China, UNPROFOR mutual system has triggered a serious debt crisis, the construction of ZHEJIANG TIANYU mutual UNPROFOR crisis, for example, in-depth analysis of the causes of the crisis and draw lessons for benign regime of mutual UNPROFOR development of warning. With the case of analysis reveals the risk of UNPROFOR mutual relational system and give reasonable policy recommendations to better promote mutual UNPROFOR relational system sustainable development.