Avoid Smes Being Forgotten By Financing

At present, with the establishment and development of China's market economy, small and medium-sized enterprises play a more and more important role in the development of national economy.

However, due to the influence of subjective and objective factors, the demand for funds in the development of small and medium-sized enterprises is difficult to be effectively met. "Financing difficulty" is one of the most prominent contradictions in the development of small and medium-sized enterprises, thus affecting the sustainable development of enterprises.

In view of the current situation of small and medium enterprises' financing difficulties and lagging financial services, departments at all levels must reform the existing credit management mode, adjust the credit structure, highlight the key points of credit, improve financial services, optimize the internal and external environment, and further promote the sustainable development of small and medium enterprises and even the whole national economy.

This week's "regional crossroads" weekly organized a series of manuscripts in this area, please pay attention to it.

Recently, reporters interviewed the survey and found that the development of county financial leasing business has been slow for many years, and many small and medium-sized enterprises have long been forgotten by financial leasing business.

The "zero" record is not accidental. According to the survey, the "four no" phenomenon of county finance leasing "no talent, no target, no organization, no policy" is particularly prominent, and the "zero" record of county financing lease is inevitable.

The comprehensive analysis of leasing decisions involves many aspects, such as law, finance, insurance, taxation, accounting and financial management, and financial decisions are relatively complicated.

According to a survey of 50 financial personnel in a county of Shaanxi Province, 94% of the financial staff do not know what is financial leasing, only 4% of them know this knowledge. Only 2% of the relevant financial analysis can be carried out, and the talent status and working environment of the county's financial leasing are astonishing.

According to the survey, most of the lessors locked their rental assets into real estate such as housing and land. The market of machinery and equipment leasing companies mainly based on foreign capital was mainly located in big cities and large enterprises.

The 12 financial leasing companies approved before and after 2000 still have only 6 operations, and there has been no new financial leasing company for 7 years.

Obviously, the county leasing tenancy and professional institutions are extremely scarce, and the financial leasing market is difficult to start.

The bottleneck of macro policy, especially the tax law, restricts the development of financial leasing business.

According to the analysis of the industry, our tax law does not recognize the nature of financial leasing as "leasing". It is the basic reason why it is difficult to carry out the financing lease widely.

In 2004, a foreign institution conducted a rigorous assessment of China's leasing market environment in accordance with international practice.

Among the 11 indicators, only one ownership can be accepted, seven need improvement, and three items of Taxation, equipment recovery procedures and asset registration need to be thoroughly assessed and made necessary amendments.

As a matter of fact, the tax burden of the financing industry is indeed heavy. The tax payment for aircraft leasing industry is a case in point: 33% income tax, 1% import tariff, 17% import value-added tax, 5% business tax, 0.03% aircraft purchase stamp duty and 0.1% lease agreement stamp duty, and the import tax is collected at the beginning, and there is hardly any profit opportunity for enterprises.

Financial leasing in counties is in urgent need of speeding up. The financing difficulty of SMEs is one of the most prominent contradictions in the current county economic development. Financing lease is the key to alleviate this contradiction.

Therefore, measures should be taken as soon as possible to promote the development of county financial leasing business.

To reduce barriers to entry and increase institutions to spread county economy.

At present, the main financial leasing businesses in China are the financial leasing companies supervised by the China Banking Regulatory Commission and two types of Sino foreign joint venture and foreign capital financing leasing companies approved by the Ministry of Commerce.

For example, the minimum registered capital of a foreign leasing company is 10 million US dollars, and the registered capital of the new financial leasing company management method of the CBRC is lower than that of the original method of 500 million yuan. However, it is necessary to meet the requirement of 8% capital adequacy ratio, and stipulates that only the commercial banks, leasing companies, large equipment manufacturers and other financial institutions approved by the CBRC can be the main contributors, and require that the amount of bank contribution is more than 50% of the registered capital of the proposed financial leasing company. In fact, only the commercial banks have the conditions of the main investor, and the general enterprises are kept outside the large margin of the financing lease.

Therefore, compared with the relevant provisions of the Interim Measures of the Ministry of Commerce on the examination and approval of foreign investment leasing companies, the new license is not attractive to manufacturers and overseas institutions.

The company creates a more relaxed regulatory environment and unified regulatory authorities.

At present, there are nearly 70 Sino foreign joint ventures and wholly foreign-owned leasing companies. In 2006, the total number of new leasing businesses totaled nearly 20 billion yuan, while the volume of financial leasing business continued to decline, and the scale of new businesses in 2006 was less than 5 billion yuan.

The experience of the 12 financial leasing companies has confirmed that the financial leasing industry is only a service trade industry, not a financing institution, and a unified regulatory department is imperative.

We should improve the relevant regulations and policy system of financial leasing.

We should increase financial and tax support for financial leasing, and increase policy support in terms of capital, taxes, premiums, registration of pledge and information sharing.

Learn from the experience of the United States and other western countries to change the unfair treatment of leasing industry under the current tax policy, especially to reduce the income tax rate of financial leasing companies, so that leasing companies can survive.

The financial leasing experiment of the banking sector should be tilted to the Midwest and rural areas.

At present, the CBRC is actively promoting the pilot project of financial leasing, and five banks, including CCB, ICBC, Bank of communications, people's livelihood and China Merchants Bank, have obtained lease licences.

It is suggested that the pilot projects of financial leasing should be inclined to the central and western regions and the rural areas, so as to make full use of the existing network outlets of banks to establish financial leasing businesses.

Select a few cities and counties as a pilot project to accumulate experience for financial leasing business in the development of county economy.

At the same time, we should encourage powerful manufacturers to set up financing leasing companies in the west, alleviate the financing difficulties of small and medium-sized enterprises through financial leasing, and promote the rapid development of county economy.