By Ba Shusong & Niu Bokun　

Date: 2004/10/13

Abstract:

The credit guarantee agencies in China as specialized risk management institutions are facing a good opportunity of fast expansion. Financial innovation and the demand on related risk management and higher credibility have enabled the guarantee agencies to enter the market, which in turn provides possibility to raise the efficiency of financial resource allocation and deepen the financial market reform. At present, the opportunities for Chinese guarantee agencies are found in enterprise annuities, capital stocks, devaluation prevention financial products, and city bonds.