On Perfecting the Credit Guarantee System of China's Small & Medium-Sized Enterprises

The poor credit and short of funds turn into main factors disturbing SMEs development. In order to solve SMEs’ financing issue, to set up perfect credit guarantee tends to be more important. Therefore, it is necessary to build and perfect a legal regulation system for SMEs’ credit guaranty, making best use of the government’s effects on SMEs’ credit guarantee system, perfecting SMEs’ credit guarantee market mode, and constructing a scientific operation mechanism for the credit guarantee institution.