Second, commercial guarantee has become the mainstream. Although the original intention of credit guarantee system design is to provide non-profit policy financial services, in the process of development, financial resources are limited, and the corresponding operation and compensation mechanism in the initial stage of the industry is not perfect. In order to make up for the shortage of guarantee funds, governments at all levels began to introduce private capital, and later some foreign capital entered the guarantee field. In this case, commercial guarantee will soon dominate. The survey of guarantee institutions in 2002 shows that among the total investment of guarantee institutions in China, government investment accounts for 70% and private investment accounts for 30%, which is basically "government-oriented, supplemented by private". But by the end of 2004, the proportion of private investment has accounted for 50% of the total. In 20 12 years, among the 8590 financing guarantee legal entities in China, 1907 were state-owned, accounting for only 22.2%.
Third, governments at all levels have given a lot of support to credit guarantee institutions. Under the guidance of various policies promulgated by the central government, all localities have arranged special funds to compensate the risks of financing guarantee companies and support the stable operation of guarantee institutions. After continuous extension and expansion, these preferential policies have now formed a policy system to support guarantee institutions from business subsidies, incremental business incentives, capital investment, loss compensation and so on.