Policy Research on the Fiscal Support to SME Credit Guarantee

This paper analyses the existing problems in fiscal support to SME credit guarantee and proposes policy suggestions. The author suggests to clearly define the resposibilities for the fiscal support to SME credit guarantee between central government and local government; improve the organization system of SME credit guarantee; promote the centralization and systematization of fiscal support paths; construct a risk-sharing mechanism to achieve the sustainablity of SME policy guarantee business; improve the transparency and efficiency in the use of fiscal funds to promote the standardization of fiscal support system; clearly define the policy goal of policy credit guarantee agencies and implement national development strategies; clearly prescribe SMEs to be the key objects supported by credit guarantee agencies; continue to implement preferential tax policies to support the development of commercial credit guarantee agencies; prescribe mutual-aid credit guarantee agencies as leaders to construct regional service platforms for SMEs; promote the improvement of the supervision system of SME credit guarantee agencies.