Research Of The Operation Mode Of Mutual Credit Guarantee Agencies

The difficulty of small and medium-sized enterprise in financing activities is the outstanding problem in the process of economic development in our country.The lack of necessary mortgage made the phenomenon of financial repression is even more obvious.After analysis,we found that there exists the information asymmetry problem between banks and rural SMEs.In order to solve this problem,the credit guarantee institutions is being introduced into the credit markets.It works to some extent.But as a result,many defects in loss-sharing mechanisms and risk control system rose up,a lot of the credit guarantee institutions lost its ability to survive,especially for mutual guarantee institutions.It can no longer has the advantage of cluster-based information.The paper expounds that rural SMEs in Jiangsu Province have characteristics of industrial luster,so that the development of mutual guarantee is realistic necessary.In addition,this paper also emphasizes the other cluster financing method,and based on the game model it shows that the background of mutual guarantee organizations'appearance.In the design part of the operating mode,the article combines with the current mutual guarantee regional cases in Shenzhen Anhui and Wenzhou,trying to find the wonderful framework of mutual guarantee institutions.After the analysis,we understand the point of the design of the mutual guarantee agencies to play its advantages which are different from other kind of institutions.In case analysis,we choose the cluster in Suzhou as a typical case.In analysis of this case,its success attributes to its excellent mode.The article then analyze how to apply the mode to improve the efficiency of other agencies.Finally,the article emphasized the construction of credit environment to ensure the operation of new credit guarantee system.The paper bases on the industrial clustering theory,asymmetric information theory and cluster symbiosis theoiy.It also points out that it is a reasonable choice to execute mutual guarantee in industry clusters,.Moreover,it is possible to improve the condition of other mutual guarantee agencies in Jiangsu Province.