Cracking Small And Medium Enterprises Financing Difficulties

"How to look at the current development difficulties of SMEs?" at the eleven session of the five session of the CPPCC National Committee 4 economic group discussion at the scene, which is the largest number of media reporters to CPPCC members, but also one of the most talked about CPPCC members.

CPPCC members interviewed by reporters suggested that we should speed up the development of small financial institutions, and give preferential policies in terms of deposit reserve ratio and tax revenue, so that private capital can be more involved.

At the same time, through the issuance of high-yield debt "agricultural development bonds" and other means, to provide diversified financing platform for small and medium enterprises, especially small and micro enterprises.

According to Gu Shengzu, vice chairman of the Standing Committee of the National People's Congress and vice chairman of the Central Committee of the National People's Congress in recent years, the main problems faced by SMEs in 2008 are financing difficulties, 2009 is no order, 2010 is labor shortage, and 2011 is the survival predicament caused by multiple factors superimposed and intertwined.

In 2011, small and micro enterprises got into a more serious financing dilemma, and it was difficult to obtain credit financing from banks and faced the risk of capital chain breakage.

Zong Qinghou, chairman of the National People's Congress and chairman of Wahaha Group, believes that in the current situation, the first is the high interest rate of commercial banks, which leads to the high cost of financing for private and small and medium enterprises. Secondly, through risk assessment, the government and state-owned large and medium enterprises loans generally enjoy certain preferences, leading to the fact that the financing costs of private enterprises and SMEs are relatively high. Finally, the existing incentive mechanism of commercial banks leads to more loans to the government and large and medium-sized state-owned enterprises, rather than loans to private and small and medium enterprises.

Since the second half of last year, the government has introduced a number of supporting policies for the development of small and micro enterprises.

In October 2011, the State Council launched nine measures to support small and micro enterprises such as finance, taxation and finance.

In February 1st this year, the State Council held a executive meeting to study and deploy further support for the healthy development of small and micro enterprises.

In order to alleviate the small

Li Yizhong, former member of the CPPCC National Committee and the Ministry of industry and commerce, said on the 4 day that the financing difficulties of small and micro enterprises have existed for many years, and some measures have been taken in the past. For example, the four major banks have set up the SME business unit.

But in terms of mechanism, big banks should solve the problem of big enterprises, and small banks can solve the problem of small enterprises.

We should speed up the establishment of small banks, small loan companies and village banks, and give preferential policies in terms of deposit reserve ratio and tax revenue.

In this way, private capital can be involved and great progress has been made in mechanism.

Tang Yanwen, vice chairman of the Jiangsu Provincial Federation of industry and commerce, believes that small loan companies and small and micro enterprises belong to the grassroots. The small loan companies' lending patterns and market segmentation are not what the commercial banks can do or want to do, but they are in line with the credit characteristics and financing needs of small and micro enterprises.

However, although the small loan company has obtained the "quasi birth certificate", because of its small scale, "no loan only" and the tax treatment of the formal financial institutions, it is difficult to finish the heavy responsibility of the private financial sunshine and the service of small and micro enterprises.

For small and micro enterprises, the small scale of assets and low credit level are also important reasons for financing difficulties.

Ma Yuanzhu, chairman of the National People's Congress and chairman of the Mount Emei tourism Limited by Share Ltd, suggested that the establishment and improvement of the credit system for SMEs could enable commercial banks to effectively identify the risks of SMEs and bulk management of SME loans, take the initiative to increase credit to SMEs, support SMEs' financing, and effectively reduce the intermediary costs such as guarantees undertaken by SMEs.

In addition to loans from financial institutions, small and micro enterprises listed, issuing financial bonds and other diversified financing channels are expected to further develop.

The executive meeting of the State Council, which was held recently, put forward the support of eligible commercial banks to issue special financial bonds for small micro enterprise loans to support small and micro enterprises listing and financing.

4, reporters learned at the CPPCC group seminar that the Shanghai stock exchange studied the issue of high-yield debt, providing new financing platform for small and high-tech enterprises and innovative enterprises. High yield debt is expected to be launched in the first half of this year.

A large number of small and micro enterprises are agricultural enterprises.

Members of Li Yizhong and Zhang Guobao made suggestions: "cool down" economic growth and resources and environment space.

Li Yizhong, the former Minister of the Ministry of industry and the former director of the State Energy Bureau, Zhang Guobao, the two CPPCC National Committee members, called for the "cooling down" of economic growth in the remaining 4 years of the "12th Five-Year", in order to provide enough space for industrial restructuring, energy conservation and emission reduction.

Li Yizhong, 4, said, "steady industrial growth and structural adjustment are a pair of contradictions.

The "G D P growth target for 2012" must be lowered to 7.5% or even lower, otherwise the resources and environment will be difficult to sustain the economic development.

According to the disclosure, "12th Five-Year"

Turning to last year's industrial energy conservation is not ideal, Li Yizhong believes that the main reason is that some places do not regard energy saving and emission reduction as the fundamental issue of survival. They feel that they have not yet reached the point of "no change, no responsibility" or "no action". The two reason is that some of the local governments have been careless because of the completion of the "11th Five-Year" situation. They have not taken a consistent approach and have not made full use of innovative means such as energy-saving service companies. Three, they only pay attention to the targets of energy consumption per unit of G D P, energy consumption per unit of industrial added value and so on, and the total energy consumption is still growing.

The work plan for reasonably controlling the total energy consumption has been consulted by relevant departments and regions, and will be submitted to the State Council for approval as soon as possible after revision and improvement.

Zhang Guobao told reporters that under the situation of high economic growth, the power sector could only ensure the energy supply in accordance with the actual economic growth instead of the target growth rate over the years, and thus had to continuously expand the total energy consumption. "It is difficult to achieve the goal of total consumption control in 12th Five-Year."

According to Zhang Guobao analysis, first, China's second industry accounts for 47% of the industrial structure, accounting for over 75% of the electricity consumption; second, some energy provinces rely heavily on resource endowments, and start a high energy consuming industry.

"To reduce the consumption of traditional energy resources, we must vigorously develop new energy industries, including hydropower."

Zhang Guobao said.