Research On The Improvement Of Beijing Joint-funded SME Credit Rating System

Due to various sizes of enterprises make great contribution to economy,China has developed rapidly since the Reforming and Opening period.Especially since 21~stt century,development and innovation play an important role in the organization management.Meanwhile,enterprises have become more significant to economic development in China.However,these companies are constantly confronted with one problem financing,which is a key factor that constricts these enterprises.The most important reason is the deficient credit system.Therefore,it is one of the effective approaches to promote the development of small and medium enterprises by effectively utilizing the enterprise credit rating-system.At present,indicator systems of most credit rating institutions in China are made according to data collected from large-sized enterprises,or even a straightforward copy of foreign credit rating system.Hence,there are errors or misguide for credit rating with such outdated indicator systems.It is urgent to build a credit rating system that is applicable to the current economy system consequently.In this way,small and medium enterprises need to facilitate with a more comprehensive,objective and accurate evaluation on credit status of small and medium enterprises.What's more,it is important to seek out practical and feasible solutions to relieve the financing difficulties for small and medium enterprises.This dissertation mainly focuses on the reestablishing credit rating systems of Beijing joint credit for small and medium enterprises.By illustrating,analyzing and assessing the current problems existed in the small and medium credit rating systems of Beijing joint credit,I indicated the significance of building a new credit rating system for small and medium enterprises.Based on previous research,Beijing joint credit builds an updated credit rating system for small and medium enterprises in China,through quantitative method and qualitative analytical meth,odto integrate the situations of domestic small and medium enterprises,and the setting principles for a scientific credit indicator system.The new system emphasizes the development and innovation capability of small and medium enterprises,as well as the introduction of analysis on contents such as performance factors,which is more suitable for the credit rating of the current small and medium enterprises in China.Through practical utilization of three enterprises,the effect of the new system is verified.With this new credit rating system for small and medium enterprises,Beijing joint credit hopes to assess the credit status of enterprises in an objective and actual,manner and provide assistance to control risks for them so as to achieve a series of goals,including upgrading industrial competence of Beijing joint credit,regulating industrial standards,solving financing difficulties and boosting the development of small and medium enterprises.