The Textile Industry Will Be The Focus Of 2 Billion 200 Million Small And Medium Enterprises' Special Funds.

The textile industry and small and medium-sized enterprises in the earthquake stricken areas of Wenchuan have become the focus of support.

Last November 19th, Ministry of industry and information technology Wang Liming, director of the SME division, said that this year, the central government has further increased its support for small and medium-sized enterprises. A total of 5 billion 110 million yuan has been allocated for the development of SMEs, of which 2 billion 200 million yuan has been added this year.

The special fund for the development of small and medium-sized enterprises was established in 2004 according to the SME Promotion Act. In recent years, it has supported the investment of SMEs by about 20000000000 Yuan. The decline in external demand caused by the financial crisis has led to the tightening of the capital chain of many small and medium-sized enterprises, and the more difficult it is to solve the financing problem.

Wang Liming said that the biggest feature of this year's special fund arrangement is closely linked to the current economic development situation. It focuses on the support of special funds for the textile industry with large export difficulties, small and medium-sized enterprises and small and medium-sized enterprises in the earthquake stricken areas of Wenchuan.

Analyzing the sources of funds for SMEs in the past, we can see that the capital demand of SMEs in the eastern coastal area is about 50%-60%. The proportion in the central region is 70%-80%, and more than 90% of the western region's funds are obtained from banks. The lack of effective guarantee is a major obstacle to the financing of SMEs.

In recent years, China has stepped up its construction. Multi level SMEs According to the credit guarantee system, data show that as of the end of 2007, there were more than 3700 small and medium enterprises credit guarantee institutions in China, of which more than 500 were at the provincial level, accounting for 15%, and more than 3100 below the prefecture level (including prefecture level), accounting for 85%. The total amount of guarantee funds is more than 177 billion yuan, and the total guarantee amount for 700 thousand SMEs is 1 trillion and 350 billion yuan.

Wang Liming said that this year will continue to use the special funds for the development of small and medium-sized enterprises to support SMEs' credit guarantee institutions to provide loan guarantees for SMEs. This year's new $1 billion 600 million of special funds of 2 billion 200 million yuan for SMEs is used for this purpose.

Many local governments are also exploring ways to improve the guarantee mechanism of SMEs through financial funds, and use security leverage to guide social capital and bank credit funds to invest in SMEs. In November 16th, the Beijing municipal government invested 1 billion 500 million yuan to set up the country's first provincial credit Guarantee Corporation for small and medium-sized enterprises.

In addition, in order to solve the credit shortage or lack of common problems in the financing process of SMEs, Wang Liming said SME credit We should actively explore the collection and evaluation, the establishment of credit files, and promote the establishment and improvement of SME credit system and raise the financing conditions.