Credit Guarantee System of Small and Medium-sized Enterprises and Proposals for Sustainable Development——Case Study of Financing Guarantee of Tianjin's Small and Medium-sized Enterprises

The establishment of a sustainable and developmental credit guarantee system plays an important part in financing of small and medium-sized enterprises.Starting from analyzing the present credit guarantee system of small and medium-sized enterprises in China,the paper makes an empirical study of credit guarantee system of Tianjin's small and medium-sized enterprises and explores how to learn Japan's experience.It reveals the problems in the present system and offers some proposals for solving the problems such as standardization of credit guarantee,creation of favorable legal environment for credit guarantee system,enhancement of execution of credit rating system,and establishment of credit information database of small and medium-sized enterprises.