The Risk Of Small And Medium Enterprises' Capital Chain Breaking Is Also Hard To Quench Thirst.

With the central bank raising the deposit reserve ratio and raising interest rates several times, the macro policy has entered a new round of tightening period.

A four-star hotel in South of Jiangsu began to apply from the bank at the end of October last year.

The lack of money also appeared in Zhejiang.

Zhou Dewen, chairman of Wenzhou SME Promotion Association, told the first Financial Daily reporters that according to their survey, 70% of their members were short of money.

"The most short of money is small and medium-sized.

Private lending is also hard to quench thirst.

Since the beginning of this year, market interest rates have been rising, and some banks have been auctioning credit lines in the medium and long term loan market. Interest rates on loans are often about 20% higher than the benchmark interest rate; SHIBOR overnight interest rate rose from around 1.9% at the beginning of December to 7.7% at the end of January this year, and the level of financial tensions was highlighted.

General manager of Suzhou Rong FA investment consulting company, which has long been engaged in corporate financing services.

He said that the bank loans to small and medium enterprises, one-year loans often account for more than 90% of the total, the past practice is "old borrowing new", repayment and new loans, only a very short time, enterprises can raise short-term funds "cross the bridge."

This year, the situation is different. Once the old loan has been returned and the new loan is not available, the enterprise will immediately face enormous cash flow pressure and even the risk of capital chain breakage.

In order to replenish funds to solve the urgent problem, many entrepreneurs seek help from private lending.

But even Wenzhou's private lending, which has always been well funded, is gradually unable to meet demand in this situation.

Zhou Dewen said that in the private capital of nearly 800 billion of Wenzhou, about 100 billion of the private lending capital.

And from this year's Spring Festival until now, these funds continue to be in short supply.

Monetary policy is affecting the interest rate of private lending through the credit pmission mechanism, and to a certain extent, it affects the supply and demand of private capital.

In addition to manufacturing enterprises, Wenzhou's real estate enterprises have also suffered a lot.

"I estimate that many small and medium-sized real estate developers will fail this year because of the fragmentation of the capital chain."

Zhou Dewen said, "especially those in Wenzhou's manufacturing mix and match real estate industry, in the past may also be provided by industrial loans to the real estate projects, and now the channels for industrial loans are very difficult."

Banks are no longer big projects?

In accordance with the deployment of the central authorities, in addition to recycling liquidity and curbing inflation, a sound monetary policy is also a target of regulation and control.

In January 18th, Premier Wen Jiabao stressed the importance of optimizing the credit structure and guiding commercial banks to invest more in credit funds in the real economy, especially in small and medium-sized enterprises and in the "three rural areas".

In fact, the credit structure of banks is indeed changing this year.

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This reporter recently learned from a number of banks that this year credit will pay more attention to personal consumption loans, personal business loans, SME business and so on, but at the same time, bargaining power is also improving.

A state-owned big Shanghai branch risk director told reporters that by the impact of the previous year's 4 trillion economic stimulus plan, last year a large number of credit to large projects, large number of government platform projects, lending rates can basically float 10%, this year will be the benchmark interest rate, and the number of projects is also not much, the situation will be different.

"Last year, banks wanted to get big projects. Some banks will gradually switch to small and medium sized loans this year, such as small and medium-sized businesses. This part of the business has higher interest rates, but the overall support is not big at the moment. Of course, the risk control problems arising therefrom will also be something that banks need to pay attention to this year."

The risk director said.

The head of the retail credit department of a joint-stock bank reminded that banks will pay more attention to capital business this year under the circumstances of tight regulation and limited credit resources.

"On the one hand, banks are really considering the largest types of business that are most effective in promoting overall benefits, such as small businesses and small business customers. On the other hand, this is not only a problem of credit, but interest rates in the inter-bank market are rising, the deposit reserve ratio continues to rise, and the profits from lending are narrowing, so this year's capital business is also important."

The person in charge pointed out.