Research On The Countermeasures Of Credit Guarantee Institutions To Assist Small And Medium-sized Enterprises Financing

In recent years,SMEs have had a huge impact on China’s GDP and employment.Along with its rapid development,the demand for financing is growing,and the dependence on credit guarantee institutions is stronger.The credit guarantee institution broke the traditional two-party trading model,made up for the shortcomings of the traditional financing industry,expanded the scope of financing transactions,increased the coverage of small and medium-sized enterprises,and broke the limitations of previous SME financing,resulting in their own conditions.Bank loans or loans from small and medium-sized enterprises that cannot meet their own capital needs are of great practical significance for promoting SME financing.The credit guarantee institution is a strong bridge to maintain the relationship between SMEs and banks,and is a key link to promote the common development of both sides,which has greatly assisted SME financing.The establishment of China’s first credit guarantee institution in 1993 marked the rapid development of China’s guarantee industry,followed by the emergence of credit guarantee institutions.However,with the acceleration of the development speed,there are many problems in the credit guarantee institutions,such as: the credit guarantee institution’s guarantee contract design is not standard,the capital is small,the professional talent is small,and the innovation is insufficient.These issues fully cover the entire credit guarantee system and affect the SME financing process.At the same time,as more and more SMEs raise funds through credit guarantee institutions,the problems they face in financing are gradually increasing.To this end,in response to the financing difficulties and difficult financing of SMEs,we began to gradually improve the credit guarantee system,and constantly seek more countermeasures,such as improving credit ratings,reducing information asymmetry,and increasing loan quotas to help SMEs finance.In the context of current big data,the Internet and inclusive finance,how credit guarantee institutions can better assist SME financing has become an urgent issue to be explored.This paper starts from the perspective of credit guarantee institutions and studies the financing countermeasures of SMEs.In the first chapter,the literature review method is used to introduce the domestic and foreign literatures of SME financing and credit guarantee institutions,and systematically understand the excellent research results of scholars at home and abroad in the credit guarantee institutions to help SMEs financing.The second chapter expounds the core concepts and basic theories of credit guarantee institutions.The third chapter briefly introduces the status quo and problems encountered by China’s credit guarantee institutions to help SMEs’ financing.The fourth chapter is to deeply explore the mechanism of credit guarantee institutions’ financing for SMEs,such as improving the credit enhancement capacity and credit rating of SMEs,reducing the information asymmetry of SME financing,and improving the risk resistance of SMEs.Ability to improve the SME supervision service system.The fifth chapter uses the case analysis method to select China Investment and Financing Guarantee Co.,Ltd.as a typical representative of domestic credit guarantee institutions,and analyzes the current business model and the performance achieved when it assists SME financing.The sixth chapter,combined with the third chapter credit guarantee institutions to help the problems encountered in SME financing and the enlightenment of the successful help of the fifth chapter case,fully summarizes the successful experience,and explores the countermeasures for China’s credit guarantee institutions to help SMEs financing.Finally,in the future,in order to better assist small and medium-sized enterprises in financing,credit guarantee institutions also need to work hard to propose countermeasures,such as scientifically and rationally designing guarantee contracts;cultivating professional talents and improving service awareness;insisting on innovation is the first driving force;develop science and technology finance.