At present, the supervision mechanism of national guarantee companies is not perfect. Guarantee companies with registered capital of more than 1 100 million yuan are supervised by the central Ministry of Industry and Information Technology, while others are supervised by local government agencies. The situation varies from place to place, and so do the higher-level supervision departments, such as SME Bureau, Economic and Trade Commission, Finance Bureau and Finance Bureau.
In addition, most local associations are community organizations, and there are few associations established by the government. Therefore, the association has no real power, and mostly provides technical support for guarantee companies, organizes local rating and learning exchange platforms, and does not have regulatory power and responsibility.