Author(s)

Jinghong Xu

Corresponding Author

Jinghong Xu

Abstract

Based on the analysis of the current status of Chinese small and medium-sized enterprise credit guarantee system, this paper finds that there are problems in Chinese small and medium-sized enterprise credit guarantee practice, such as insufficient supervision, imperfect risk prevention system, small guarantee funds, and immature development of guarantee institutions. It is further found that these problems are caused by the improper intervention of the government and the discontinuity of policies, the single source of guarantee funds, and the unequal rights and obligations of Banks and guarantee institutions. Therefore, to develop Chinese SME credit guarantee system, it is necessary to perfect the laws of the SME credit guarantee system, optimize the external environment of the SME credit guarantee system, standardize supervision and optimization services, and establish a risk reserve system.

Keywords

SMEs; Credit Guarantee System; Development and Improvement