Zeng Gang: Product Innovation Can Solve The Thirst For SME Financing

Zeng Gang's guidance work

It is generally believed that the solution to the financing problems of SMEs is to improve the system.

For banks to innovate, analysts have just said that first of all, we need to solve the problem of asymmetric information, which involves the way banks use unsecured loans.

The second is about the problem of cost innovation and scale. In the past, we hope to increase the supply of small enterprises and small organizations, and to solve the problem of insufficient financing of small and medium-sized enterprises by the sunshine of private lending. In fact, if large banks and large organizations are brought into the market, they will be able to solve more problems.

If a large bank can use some of its assets in small and medium-sized enterprises, and through the cost saving way, it can make loans for small and medium-sized enterprises wholesale, so that the cash flow of small and medium-sized enterprises can be more effectively carried out.

The third is risk control, that is, how to pfer existing risks, which involves financial market innovation.

Including asset securitization, junk bond issuance and so on, through the marketization method, the risk will be concentrated on banks. If dispersed into the market, the risk bearing capacity will become stronger.

In March 3rd, Zhang Xin, general manager of small business department of Beijing branch of the Bank of communications, said that the development of small and medium-sized enterprises will become the engine of China's economic development this year, and the innovation of banking services is the important engine for the development of small and medium-sized enterprises.

In recent years, small and medium-sized enterprises are facing the pressure of rising production costs and the plaguing of traditional demand. While small and medium-sized enterprises are facing challenges, a number of rapid development of small and micro enterprise clusters have also appeared. They focus on emerging industries and new energy technologies.

Zhang Xin said that in small and medium-sized enterprises to promote technological innovation industries, such as through intellectual property pledge loans, trademark rights and patents will be pledged by banks, which will bring benefits and development opportunities to many technology enterprises and brand innovative SMEs. For example, to promote strategic emerging industries, banks can cooperate with Vc firm to integrate equity investment and debt financing to plug in equity investment and debt financing.

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