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Financial Policy Is Heating Up, Service Enterprises Financing Waiting For Sunshine

2008/12/11 0:00:00 35

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Just as the news of the central easing of money was loaded with newspapers, an export oriented company in Dalian.

clothing

Mr. Wang, the head of the business, once again hit the wall.

Mr. Wang's company has been operating steadily for many years, but he was euphemistically rejected by the credit manager of the bank.

According to the credit manager, "because Mr. Wang's industry is traditional industries, and enterprises are export-oriented enterprises, banks should carefully consider their financing needs."

The country has recently promulgated ten economic initiatives to expand domestic demand, and decided to implement a proactive fiscal policy and moderately loose monetary policy.

Textile industry

And enterprise's development confidence.

Not long ago, the State Council executive meeting held a further study to identify 6 policy measures to promote the healthy development of the textile industry, including encouragement and guidance.

Financial institution

Enlarge

Finance

Support efforts to solve the financing difficulties of small and medium textile enterprises.

Mr. Wang's rejection experience shows that although the national rescue policy is strong, the current market environment of enterprises is still very grim.

The industry analysis and pointed out that the policy from publication to pmission to the industrial economic chain has a pitional period of 3-6 months.

It is a matter of life and death for a small and medium-sized enterprise struggling with difficulties.

The plight did not ease.

At the end of 2007, since the implementation of tight monetary policy, banks in various parts of the country had tightened credit scale, resulting in tight cash flow in the eastern coastal garment enterprises.

Today, although the country proposes to implement "moderately loose" monetary policy and increase credit to stimulate economic recovery, it is understood by reporters that the financial difficulties of most garment enterprises have not yet been alleviated.

On November 24th, Zhao Linzhong, chairman of the National People's Congress and chairman of the board of directors of Fu run Holdings Group, sent a proposal on the development of the textile industry from Zhejiang to the Standing Committee of the National People's Congress.

Zhao Linzhong said in the "proposal" that although the national policy has boosted the confidence of the textile industry, the difficulties of the industry will not be so fast, and there are many specific difficulties to be solved.

At present, the six measures introduced in November 19th, in addition to expanding domestic demand, can only alleviate the pressure on the industry, and the situation in the future is still grim.

"From the end of last year, the funding problem has become the most serious problem encountered by the textile and garment industry.

It is difficult for textile enterprises to get loans from banks.

financing

Channels raise funds and maintain production, but the cost of financing is much higher than the cost of bank loans.

Zhao Linzhong pointed out in the proposal that the state related lending policy, though giving small and medium-sized enterprises a certain amount of funds, is not clear how to do it in detail.

Dai Minghua, chairman of the Shanshan stock company, also looks forward to specific measures to be issued by the parties concerned. "This series of policies is only put forward in a macro way, and the details are not clear enough, so we can not determine how much benefits can be brought to SMEs, such as how to solve the financing difficulties, and what type of enterprises can reach the standard of government support."

He believes that if specific measures are introduced, it is still difficult for financial institutions to embrace the garment enterprises.

Undeniable,

Financial institution

It is generally believed that textile and clothing are traditional industries with excess capacity. Some banks even put them in the sunset industry.

An employee of China Minsheng Bank's credit business department said that although loans to small and medium sized enterprises do not have clear restrictions on the industry, it is necessary to assess the performance of enterprises. Textile and garment industry is a small profit industry, and it is hard to get support.

Under the macro control of tight monetary policy, banks have been strictly controlling the credit for the textile and garment industry.

After moderately loose monetary policy, the bank's loan to textile and garment enterprises is still not relaxed.

The source also revealed that in addition to the industrial factors, banks are also sensitive to loans from enterprises in some areas.

Especially in the Pearl River Delta region, a large number of export enterprises and OEM enterprises fail to give banks a lot of pressure.

At present, the bad rate of loans in the Yangtze River Delta region has also increased.

A central bank insider told reporters that the downward trend of the current economy, such as real estate, steel, textile and other industries credit risk began to accumulate, so even if monetary policy relaxed, the lending behavior of commercial banks will be very prudent.

From the direction of future loans, banks may be more keen on projects involving central or local governments, or large listed companies in the industry to ensure minimum risk.

Liang Weihao, the chairman of Dongguan Association of foreign investment enterprises, sent a letter to the bank, suggesting that financial institutions and banks should not be "one size fits all". They can take flexible measures from reality and release the quality enterprises in the textile and garment industry to help enterprises get through the temporary.

Financial cold winter

However, there were few responses.

　　“對于勞動密集型的服裝企業來說，目前普遍面臨著資金短缺、流動性不足的現象。”中國紡織經濟研究中心主任孫淮濱表示，目前我國有很多服裝企業因為資金鏈斷裂而處于關停或倒閉的境地，這對整個服裝產業來說是巨大的損失。

Sunshine always comes after the rain

　　顯然，資金信貸問題關乎著企業生存，是當前迫切需要解決的一大難題。但記者在采訪過程中了解到，國家一系列“救市”政策出臺，行業領導、企業代表都對未來前景充滿信心，也相信隨著各項政策逐步落實，金融機構信貸規模放開，企業經營困難將得到切實解決。

Economic experts analyzed that in the face of the new market environment, the first time the national monetary policy used "loose" in the past decade, indicating that a significant change in the country's monetary supply orientation has been made, which is conducive to maintaining the security and stable operation of China's economic and financial market, and is indeed a good news for the textile and garment industry which is deeply affected by the financial crisis.

When reporters interviewed some of the heads of textile and garment enterprises in China, they all affirmed that after the introduction of relatively loose monetary policy, the textile and garment industry will continue to shoulder heavy responsibilities in the country's expectation of further expanding domestic demand and promoting steady economic growth, and it also brings good development opportunities to enterprises.

"The ten measures adopted by the state clearly put forward the support for increasing financial support for economic growth, and reasonably expand the scale of credit, which is bright for the small and medium-sized enterprises' intensive clothing industry."

Sun Huaibin said.

However, after a series of positive policies came out, the management of garment enterprises has not been improved.

The above economic experts pointed out that in general, the policy from publication to conduction is not effective in a short time.

Sun Huaibin also said that the problems facing the textile and garment industry, such as capital difficulties, orders reduction and market demand decline, will continue for some time. This period is precisely the most difficult period for the industry, and enterprises need to strengthen their physique.

"Now, when a bank listens to an enterprise project, it tightens its loans. Even for good projects, banks are not lending yet, they are still lending.

Many enterprises this year are because banks do not have blood pfusions, and business capital collapses.

The financial policies promulgated by the state are very good, but how long will it take to really implement them?

This is not in everyone's mind.

A man in charge of a men's clothing company in Xiamen expressed this concern.

Shantou Bao Ya Garments Co., Ltd. is a home garment company which mainly exports to Europe and the United States. Due to the quality of products and credit, the overseas orders are coming. The general manager, Wang Zhipeng, is afraid to make the order. Because the pressure of capital flow is too great, the buyer wants to shorten the delivery cycle, and the risk is considerable.

"The state has proposed to increase support for light textile industry and expand the loan scale of state-owned commercial banks to small and medium-sized enterprises.

But financing policies need time to pmit to enterprises.

In this process, if cash flow problems, it is likely to lead to enterprise failure.

Wang Zhipeng believes that under the situation of economic turbulence and industry downturn, it is most important to stabilize the smooth cash flow.

However, he told reporters that he hoped that the relevant credit policies would be implemented as soon as possible and that SMEs would benefit as soon as possible.

　　一位在東莞做女裝生意的港商張平反映，因為沒有廠房等實物抵押，像他這樣在內地投資服裝代工批發的港資企業很難從內地銀行獲得貸款，但隨著內地信貸規模逐步放開，他考慮明年三四月份去申請貸款，“也不知道有沒有希望。”“作為行業組織，希望通過各級金融機構對政策舉措真正落實，讓中國的服裝企業在適度寬松的貨幣政策中能夠得到切實的貨幣保證。”孫淮濱表示，協會正在積極努力探索與地方政府聯合為中小服裝企業得到信貸擔保的新路徑。

Sun Huaibin also pointed out that in order to get out of difficulties completely, in addition to macroeconomic policy assistance, both rely on government support and rely on the efforts of enterprises themselves.

Economic experts also predict that under the pulling of a series of loose policies, the garment enterprises will be able to tap new economic growth points and further upgrade the industry.