Title: Key to Solving the Financing Difficulties of SMEs:Building a Sound Credit System for SMEs
Abstract: Establishing a sound credit information system is a must for solving the financing difficulties of SME's.At present,SME credit system in China has such problems as lack of policy and law,dispersed information resources,lack of corresponding financial regulatory levels,lack of an effective monitoring mechanism,and lack of applications of credit reports.We should improve the system of SME credit information service,develop the intermediary agencies such as credit investigation and credit rating agencies,innovate the financial services,improve the legal system of China's SME credit information,and increase the application channels of SME credit information reporting.
Publication Year: 2013
Publication Date: 2013-01-01
Language: en
Type: article
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