政府主导的小微企业信贷风险补偿实践:菏泽案例

Government-Leading SMEs Credit Risk Compensation Practice: Heze Case

目前,信息不对称、风险收益不匹配、管理成本高等都是阻碍中小企业融资规模进一步扩张的主要因素。山东省菏泽市政府主导的小微企业信贷风险补偿机制,不但因政府信用介入降低了中小企业融资风险,因营销替代降低了交易和管理成本,也因信用资源有效共享弱化了信息不对称程度,风险收益的合理匹配加深了博弈各方的利益渗透,实现了多方共赢,为中小企业融资渠道的进一步拓展提供了新思路。

At present, information asymmetry, risk-retum mismatch and the high management cost are the main blocking factors of SMEs financing. The micro-enterprise credit risk compensation mechanism leaded by the Heze government reduces SMEs financing risk by govemment credit, and lower transaction and management cost by market alternative. It also lowers the degree of information asymmetry by effective sharing of credit resources, and the interests of all game parties are related, which achieves a win-win situation and larovides new idea for the further exoansion of the SMEs financing.