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    The Solution To The Financing Problems Of Smes Is Still Unsolved.

    2008/12/2 0:00:00 63

    Since the 27 of this month, the central bank has lowered the benchmark interest rate for the one-year RMB deposit and loan of financial institutions by 1.08 percentage points.

    Since December 5, 2008, the RMB deposit reserve ratio of the large deposit financial institutions such as ICBC, agricultural bank, Bank of China and China Construction Bank has been reduced by 1 percentage points.

    The magnitude of the interest rate cut and the intensity of its efforts have not been seen for 11 years.

    "Banks cut interest rates and our bags.

    footwear

    Textile and other labor-intensive small and medium-sized export enterprises have little relationship. In the eyes of many banks, we have been included in the other register, belonging to the category of restricted loans.

    Wang Xiangjun, general manager of Shanghai Dingxin bag and luggage Co., complained to reporters that the "latent threshold" already formed by the banking industry has long limited the way of loans for the vast majority of small and medium-sized enterprises. In addition, the impact of the international financial crisis has given the small and medium-sized export enterprises more risk and frost.

    This year, the relevant state authorities have repeatedly launched measures to help SMEs solve their financial difficulties.

    For example, the central government should increase investment, arrange special funds for SMEs, 3 billion 510 million yuan, and implement preferential tax policies.

    On the 26 day, the executive meeting of the State Council once again proposed that we should vigorously support the development of small and medium-sized enterprises, improve the guarantee system of small and medium-sized enterprises, and increase the support of bank credit.

    Data show that in major financial institutions, SME loans account for only 14.7% of the total loan amount.

    Over the past three years, although China's total credit volume has increased, the proportion of loans granted by SMEs has been shrinking.

    In contrast, the SME loan promotion policy lacks specific implementation measures, which is the most worrying thing.

    A recent survey showed that 58.2% of the chief executives of private enterprises admitted that enterprises' "tight funds" increased by nearly 15 percentage points over last year. 67.2% of private entrepreneurs were self financing, and nearly half of them believed it was very difficult to borrow money from banks.

    Beijing de Yu company applied for loans to banks in the first half of this year and mortgaged their own homes.

    But the bank has spent six months on the qualification and price appraisal procedures, and the final implementation of the loan is still on paper.

    From the perspective of banks, most SMEs lack capital, products are not stereotyped, market reaction is not clear, secured mortgage is difficult to place.

    Moreover, under the influence of external environment, the profitability of small and medium-sized export enterprises in China has sharply weakened.

    If its profitability can not cover the cost of loans, for banks, it means the deterioration of asset quality and potential large amount of bad debts. This is the biggest concern of banks in lending to SMEs, which further aggravates the financing difficulties of small and medium enterprises, especially small and medium-sized enterprises.

    "Funding disruption is more fatal for small and medium enterprises than for orders."

    Chang An, chairman of Gansu New Energy Investment Co., Ltd., Chang Gui, told reporters that the current economic situation is not good. Almost all pactions, especially the purchase of raw materials, can only be cash pactions.

    According to statistics, 99% of China's private enterprises are small and medium-sized enterprises. It is such a huge group that provides 75% of the new jobs in the whole country, and has created nearly 50% of the social wealth.

    But it is also such a group whose capital share is only 10%.

    Shortage of funds has become a "stubborn disease" of this disadvantaged group.

    Bao Yujun, chairman of the Chinese people's Political Consultative Conference and President of the China Economic Research Association, shouted at the Forum on "2008 China's industrial cluster and county economic development" recently. Land use difficulties, export tax rebate policy instability, the implementation of the new labor contract law, and the soaring and slump of raw material prices, roller coaster style, increased the cost of environmental protection, including the reduction in demand in Europe and the United States due to the turmoil in the US financial market, and the superposition of various difficulties, which made small and medium-sized enterprises experiencing the dilemma of "unbearable burden of life".

    Data show that by the end of 2007 to June 2008, the number of small and medium-sized enterprises and private enterprises has declined sharply, with the negative growth of seven provinces, and the situation faced by SMEs is extremely severe.

    There are also experts worry that the state's 4 trillion yuan to stimulate domestic demand measures may squeeze the share of loans for SMEs.

    Sun Mingchun, a senior economist at Nomura international, believes that the package of stimulus packages is large in scale, long in duration, stable in return, and has hidden protection from the government. Domestic banks may be more willing to lend loans to these government supported projects instead of lending them to SMEs, especially in today's uncertain economic environment.

    The central bank, by giving the small and medium-sized financial institutions a 2 percentage point reduction in the deposit reserve ratio, can be interpreted as releasing more liquidity to small and medium-sized financial institutions to promote greater credit support for SMEs.

    Editor: vivi


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