对建立中小企业信用担保体系的考辩

Testing and Debating on Setting Up the Credit Assurance System of SMEs

在研究中小企业融资政策的众多文献中,“建立中小企业信用担保体系”的观点相当流行,我国的法律法规更是将其制度化。但是本文认为,目前支持建立我国中小企业信用担保体系的观点在理论上是难以成立的。同时,从实践来看,我国中小企业融资困难有着特殊的体制原因,而建立中小企业信用担保体系的做法并没有触动相应体制的改革。因此,在我国现有的制度环境下,大力发展中小企业信用担保机构的做法并不可取。对中小企业的信贷支持需从完善中小企业信用评级制度、利率市场化和银行治理机制的改革等方面着手。

In the numerous documents about financing policy of small and medium-sized enterprises (SMEs), the view of 'setting up the credit guarantee system of SMEs' quite prevails. Laws and regulations of our China institutionalized that view even more. But this paper posits that the theoretical foundation of the SMEs' credit guarantee system is not supported at present. Within our country's existing system, the condition of developing SMEs' guarantee system in a more cost-effective manner does not obtain, either. Credit support in SMEs needs from perfect credit rating system, interest rate marketization, bank control reform of mechanism, etc.