Research On The Optimization Of China's SME Credit Rating

Small and medium-sized enterprises play an important role in that chinese national economy has the high-speed development in the four decades of reform and opening,and SMEs become an important role to promote the development of our country's economy.However,the financing environment of small and medium-sized enterprises in China is quite different from its important position in the national system.It is difficult for SMEs to finance than the general enterprise because of the credit system of SMEs in China is not mature enough.China's credit rating industry commence late and has a low level of development compared with other developed countries,there is no authoritative credit rating system especially for small and medium-sized enterprises.Therefore,how to establish a credit rating system suitable for the small and medium enterprises in China on the basis of foreign advanced experience has become a key point of this thesis.This paper begins with the development of credit rating industry at domestic and abroad,analyzes the status of credit rating,and makes a more in-depth study on the financing status of small and medium enterprises in China.On this basis,the index selection and model optimization of SME credit rating system are carried out in this paper.After considering the relevance of the rating indicators,this paper makes a comprehensive analysis and portrayal on the quality of the enterprises,the prospects of development,the situation of debt risk,the status of profitability,the quality of assets,and the growth of business,especially growth,innovation,and so on,which are important to the future development of the enterprises.It can better meet the characteristics of the financial indicators of China's small and medium-sized enterprises in the growth period.In addition,this paper weights the distribution of the credit rating model of small and medium-sized enterprises and the depiction of the membership degree,and uses the multi-level fuzzy comprehensive evaluation model based on the hierarchical entropy weight combination weighting method to evaluate the small and medium enterprises in our country and make the credit rating model more scientific.The empirical analysis shows that the credit rating system established in this paper can reflect the credit status of small and medium enterprises in our country more integrally and scientifically.It is consistent with the actual situation of small and medium enterprises in China,and can evaluate the credit rating of small and medium enterprises in China.The problem of enterprise credit is one of the important factors that cause the difficult situation of financing for small and medium-sized enterprises.The establishment of an authoritative rating system can effectively improve the credit problem of its assets and provide some reference for the banks or other financial institutions to put in the funds or loans,so as to strengthen the credit control of small and medium-sized enterprises.Therefore,this paper has important practical significance for the research of SMEs credit rating system in China.