Dallas, TX, June 10, 2010 --(PR.com
)-- ReportsandReports Announce it Will Carry China Guarantee Industry Investments and Market Outlook to 2011 Market Research Report in its Store.
Browse the complete Report on: http://www.reportsandreports.com/market-reports/china-guarantee-industry-investments-and-market-outlook-to-2011/
China guarantee industry is developing rapidly. As of the end of 2008, there had been 4,247 credit guarantee agencies serving small- and medium-sized enterprises (SMEs) in China; the total amount of guarantee for SMEs’ loans had reached RMB1.75 trillion, involving 907,000 companies. By the end of 2009, it’s estimated that there had been over 4,800 credit guarantee agencies serving SMEs in China, providing total guarantee amount of RMB2.6 trillion for 1.15 million enterprises (times).
Because of the increasingly fierce market competition and higher industry threshold, the number of guarantee agencies will grow at a slower pace, to 5,343 in 2011.
Beijing has been engaged in the guarantee industry earlier than other regions, with healthier market operations and higher development speed. In 2009, the registered capital of guarantee agencies in Beijing reached RMB25.305 billion, up 32.92% year-on-year; the guarantee business revenue was RMB1.73 billion, over doubled the year of 2008. With an accumulative compensation rate of 1.04%, and a cumulative compensation loss rate of 1.89%, Beijing controlled risks better than other areas.
In March 2010, China Banking Regulatory Commission, National Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Finance, Ministry of Commerce, People’s Bank of China, and State Administration for Industry & Commerce jointly issued Interim Management Measures for Financing Guarantee Companies (hereinafter the Measures) with approval of the State Council. The Measures stipulates that a financing guarantee company shall have a registered capital of not less than RMB5 million, or otherwise shall not be allowed into the industry.
The launch of the Measures shows that China guarantee industry will be regulated by law, and the government will tend to encourage large guarantee companies and consolidate small ones.
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China Guarantee Industry Report, 2009
China Guarantee Industry Report, 2008-2009
China Guarantee Industry Report, 2007-2008