Research on the Regulatory Mechanism of Financing Guarantee Agency in Guangdong Province
|Keywords||Guangdong Province financing guarantee institutions regulatory mechanisms|
Since1990s, the development of China’s financing guarantee institutions after more than20years, the fast-growing market, and gradually improve the regulatory system to address the financing of SMEs, guarantee difficult problem restricting the development of the national economy played an important role. However, due to the late start, the relevant law is not sound regulatory system. There are still some shortcomings, such as the existence of a risk-sharing system, the lack of re-guarantees institutions, and regulatory overlap, regulatory vacuum, capital gold is not in place, illegal usury. Especially in the environmental impact of the economic downturn in recent years, the size of credit regulation, the Huading guarantees the collapse of the wave, but also highlights the part does not guarantee the company’s standard operating behavior and its serious consequences. To solve these problems, we need as soon as possible to establish the structural integrity of the regulatory system and more detailed regulations, and complete and perfect re-guarantee institutions regulatory system.This paper through the analysis of the problems faced by financing secured status and guarantee industry in Guangdong Province, on the basis of study of the world’s developed countries, the development of the SME guarantee, combined with the current development of guarantee institutions in China and the government’s regulatory environment, to explore government for guarantees institutions themselves, the problems and bottlenecks, and propose policy recommendations for establishing a financing guarantee system. This paper argues that the financing guarantee industry regulatory institution-building, should be undertaken to strengthen and improve the quality of the financing guarantee industry practitioners as well as the establishment of a unified, scientific, strict corporate rating system, and supporting the establishment of a re-guarantee institutions for reinsurance, stable financing guarantee industry risk. Through these complementary measures to help small and medium-sized, small enterprise development, and to promote the province’s industrial structure optimization and upgrading.