Annual Bank Rescue Is Limited To &Nbsp; Shoe And Garment Enterprise Financing Is In Danger Again.

For private lending and small and micro enterprises

Folk worries are not worrying.

The Wenzhou municipal government reported that the collapse of business capital chain caused by shoes and clothing and the phenomenon of business owners may also appear in some areas.

A local official in Wenzhou said that the company's dilemma will last until the first quarter of next year.

In fact, in response to the possible "end of the road" resurgence at the end of the year, the Wenzhou municipal government has started a large-scale exploration of the 17 industries.

Limited aid for banks

"Loan for two months has not been approved yet."

Lao Liu, the boss of a shoe factory in Wenzhou, complained that the government asked banks not to draw money or lend money to encourage banks to increase their credit to small and micro businesses.

Lao Liu's shoe factory is a typical small and micro enterprise. The factory has more than 30 workers, with annual sales of $4 million.

The 700 thousand yuan loan he applied for is mainly for the purchase of raw materials for an order next year. If the loan is not approved, he can only give up the order, which will make him in a difficult position next year.

In Wenzhou, many business owners are facing the same situation as Lao Liu.

Faced with the predicament of small and micro enterprises, the government has made efforts to rescue, requiring banks to increase support for small and micro enterprises, but the small and micro enterprises that can benefit are still limited.

Zhou Dewen, President of the Wenzhou Association of small and medium enterprises, told reporters that the sources of funding for enterprises are still very tight. Various financial institutions have announced some additional loans. In fact, most enterprises, especially small and micro enterprises, can not enjoy them at all, nor can they obtain loans from banks.

A banking related person in Wenzhou said that after the crisis, the regulatory authorities had strict supervision over the credit lines of each bank, and each bank must make a report on the flow of funds and make loans to those enterprises that do business.

But at the same time, he said frankly, whether commercial banks or state-owned banks, the nature of their businesses can not be changed. Banks need to support enterprises that have knowledge of them.

"Our capital is derived from depositors, and banks are accountable to depositors. We have to pay loans according to our business principles."

Some analysts have pointed out that there is a paradox between the government bailout and the commercial lending of banks. If the bail market is to be identified as a commercial activity, there are many contradictions in the strategy itself, and no one is willing to give up profits.

The Bank of Wenzhou said that for the time being, the main support of bank loans is state-owned oriented and normal running enterprises. Some growing, technology oriented small and medium enterprises will give priority to the benefits, and they can enjoy the support of government loan funds and mutual aid funds, but those with high energy consumption and high pollution will be eliminated.

Zhou Dewen, who has always appeared in the image of Wenzhou's small and medium enterprises, is also saying that the state will not save all small and micro enterprises, and it can only save the better growth enterprises.

However, Zhou Dewen also pointed out that the current rescue measures are still a temporary solution. "Small and micro enterprises in Wenzhou account for more than 90%. A large amount of public policies should be introduced to reduce taxes for SMEs."

Zhou Dewen added that the existing financial system is to serve large and medium-sized enterprises. To fundamentally solve the survival crisis of SMEs, we must thoroughly reform the financial system.

Credit crisis intensifies

In addition to bank direct loans, another source of funding for small and micro enterprises is microfinance and Guarantee Corporation.

But the reality is that enterprises are also hard to get enough help from these institutions.

Mr. Zhang, who has been engaged in many years' guarantee business, thinks that the end of the year is a sharp increase in the demand for capital, but this time this year, it is more dangerous to participate in lending.

"Now the boss's" run on the road "incident continues, many of the borrowers may be ready to" run ".

So we all tighten our pockets and wait for the government to save.

In fact, the aggravation of the credit crisis has not only occurred in the above-mentioned financial institutions, but also the occurrence of the private lending crisis in Wenzhou, to a certain extent, undermining the Wenzhou's folk trust system.

Recently, private lending has almost ceased between businesses and individuals that have been popular in Wenzhou. Most Wenzhou people are optimistic about the government's rescue efforts.

A warm Shanghai businessman, who has long supported Wenzhou's townships, believes that Wenzhou is a model of China's reform and opening up and the private economy. The government will inevitably save the market to the greatest extent. Moreover, once a large number of Wenzhou private enterprises fail, they will directly lead to a large amount of bad debts, so the banks will also increase their credit support.

"Before the crisis, our private investors need not take any more risks."