Export Increased Interest Rate Appreciation "Superposition Effect" &Nbsp; Jilin Textile Enterprises Financing Costs Rise.

The central bank raised interest rates for the first time in the post financial crisis era, and businesses began to feel the cost pressure, and investors began to calculate their pocketbook.

In October 24th, the reporter learned from some local enterprises that the interest rate hike not only raised the financing cost of enterprises, but also faced with financial difficulties for some small and medium-sized enterprises which were originally difficult to raise funds and had low added value.

Puzzles of raising interest rates

For textile enterprises in Jilin, the current interest rate increase is

"A large increase in cotton yarn has made the business worse, and the pressure after interest rate increases is even greater."

When the bank announced interest rate increase in the evening of October 19th, Ren Zhifei called his chief financial officer overnight to calculate how much interest he would need to increase. The result is that according to the size of the company's current bank loan, interest payments will be increased by nearly 60 thousand yuan a year after the interest rate hike is raised.

"Now profits have shrunk and interest rates have been added."

He told reporters that in the past year,

Financing concerns

Compared with Ren Zhi Fei's export enterprises, Chen Xuesong's wood products enterprises began to appear doubts and anxieties because of the increase of interest rates.

"SMEs will have difficulty financing loans, and interest payments will increase after interest rates increase."

Chen Xuesong said that raising interest rates directly increased the financing difficulty of enterprises, and the interest rate of corporate financing would be far greater than the current loan interest rate increase.

After this increase in interest rates, new loans for SMEs will face new challenges, and the cost of paying interest will be even greater.

The person in charge of a medium-sized power equipment company told reporters that after the interest rate rises, businesses like themselves who live on borrowed money are more nervous.

During the interview process, many private enterprises began to seek diversified financing channels according to their actual conditions.

A large number of enterprises reflect the predicament of financing difficulties has not been confessed because of raising interest rates. On the contrary, their short-term loan repayment costs have increased, while the interest rate of private lending is likely to rise.

Growing pains

After raising interest rates, many enterprises in the process of growth are in business.

Facing the puzzlement of enterprises, Feng Jun, the enterprise strategy Department of Beijing Si Zhuo marketing company, believes that the increase in interest rate does not only mean the increase of financing cost, but the difficulty of continuing to obtain loans.

Therefore, after raising interest rates, the financing cost of enterprises will increase, and the enterprises with low added value will deteriorate. Banks will also downgrade their credit ratings. The difficulty for enterprises to get loans again will increase, and it will easily fall into a vicious circle.

This will force enterprises to take the road of improving the added value of products.

At the same time, Feng Jun believes that the interest rate increase has a pitional period. Enterprises should vigorously develop international business and develop new customers on the basis of the original market, and change from traditional foreign trade enterprises to comprehensive foreign trade enterprises, so as to minimize the losses caused by interest rate hikes.