Experience and Enlightenment of Constructing Credit Guarantee System of Small and Medium-sized Enterprises in Japan

Japan is one of the earliest and the most complete countries that establish credit guarantee system of small and medium-sized enterprises with perfect system structure and operation mechanism.According to the successful experience in sources of funds,security cost and limitation,operating method,compensation of funds,risk control and cooperation between guarantee and financial institutions,China can establish and improve its credit guarantee system of small and medium-sized enterprises,viz.establishing credit guarantee system of small and medium-sized enterprises guided and supported by financial funds of the government,participated by private institutions,and divided by levels;building sharing mechanism on profit and risk with commercial banks and financing service system on small and medium-sized enterprises with socialization,specialization,and network;quickening construction of legal system on credit guarantee system of small and medium-sized enterprises.