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目前,中小企业集合融资已成为一个具有重大现实意义的课题。但从实际情况看,集合融资的信用增级机制不完善仍然是困扰我国集合融资的发展的一个重要的瓶颈。中小企业承受风险能力较差大,且各个发行主体信用高低不同。但通过引入信用增级机制,能够提升集合融资的行业信用等级,是保证中小企业集合融资能否发行成功一个关键因素。国内已经开展的集合融资也因为种种原因而采用了不同的担保模式,本文就中小企业集合融资不同的信用增级模式展开探讨。
At present, the financing of SME pooling has become a topic of great practical significance. However, from an actual situation, the imperfect credit enhancement mechanism of collective financing is still an important bottleneck that plagued the development of collective financing in our country. SMEs risk tolerance is poor, and the different subjects of different credit levels. However, by introducing the mechanism of credit enhancement, the industry credit rating of collective financing can be improved, which is a key factor to ensure the success of the collective financing of SMEs. The collective financing that China has already carried out has also adopted different guarantee modes for various reasons. This article explores the different modes of credit enhancement for SME financing.