我国中小企业互助担保融资现状研究——以深交所中小企业上市公司数据为例

Research on SMEs Mutual Guarantee Financing in China——Based on the Guarantee Data of Firms Listed in the Shenzhen SME Board

以wind资讯中深交所中小企业板块上市公司担保数据为例,描述和分析了当前互助担保的制度背景及中小企业上市公司互助担保行为的统计特征,由此发现互助担保还存在着监管较弱、担保对象多为关联企业、过度担保、严重的逆向选择、追偿不易等问题,建议设立监管的专门机构,健全中小企业的内部控制体系,监管层重点加强对那些三年以上不间断和收益水平较低的中小企业进行互助担保融资行为的监控,要求银行承担互助担保贷款中一定的清偿责任,提高抵押、质押等担保方式的使用比例。

This paper analyzes the current system background and statistic features of SMEs mutual guarantee financing based on the guarantee data of Chinese firms listed in the Shenzhen SME board from Wind Information database.The results show that,Mutual Guarantee Financing has many problems in the developing process：weak supervision,affiliated companies as guarantee objects,excessive guarantees,severe adverse selection,and difficult recovery issues. Thus, the paper recommended the establishment of specialized institutions supervision,internal control system,strengthening supervision over SME with over three years of uninterrupted mutual guarantee,requiring banks to take certain mutual guarantee loan repayment responsibility and enhance the use of the ratio of mortgage,pledge,etc..