Loan Interest Rate Has Become The Focus Of Textile And Clothing Industry Enterprises

With the approval of the State Council, the People's Bank of China has decided to fully liberalize the control on loan interest rates of financial institutions from July 20. The specific contents are as follows: the lower limit of 0.7 times of the loan interest rate of financial institutions will be abolished, and the level of loan interest rate will be determined by financial institutions according to commercial principles. Cancel the control on the discount interest rate of bills, change the way of determining the discount interest rate by adding points on the basis of rediscount interest rate, and let the financial institutions determine it independently. No upper limit will be set on the loan interest rate of rural credit cooperatives. In order to continue to strictly implement differentiated housing credit policies and promote the healthy development of the real estate market, the floating range of individual housing loan interest rates will not be adjusted temporarily.

This policy will become spin clothing The hot spots widely concerned by industry enterprises.

In the opinion of Li Gang, executive chairman of Henan Garment Industry Association and Henan International Chamber of Commerce Clothing Chamber of Commerce, the central bank has liberalized the loan interest rate, which is good news for Henan, which has more than 10000 garment enterprises and more than 1400 textile enterprises. This is of great benefit to promoting the development of the real economy and revitalizing the social stock funds. Next, we all pay close attention to the specific policies that commercial banks will introduce.

Shen Yingbao, Deputy Secretary General of China Oriental Silk Market Association, believes that one of the current development thresholds for SMEs is capital. After the liberalization of loan control, it is believed that the loans of financial institutions to small and medium-sized enterprises will be relaxed, not all of them will be invested in central enterprises, which is good for small and medium-sized enterprises. However, enterprises are also worried about how much the loan interest rate will rise after the liberalization, hoping that the financing interest rate will be lower than that of small and medium-sized loan companies.

In the interview, there were many opinions that the liberalization of loan interest rates would not have a great impact on enterprises.

Zheng Chenai, President of Wenzhou Garment Chamber of Commerce, said: "We are worried that the bank will not have practical effect in the operation because it only liberalizes the loan interest rate but not the deposit interest rate. Symbolism is more important than reality and will not have a great effect on enterprises, but this releases the positive signal that the central government uses financial capital to support the real economy. As Wenzhou, which has more than 2000 garment enterprises, it is difficult and expensive to finance, which affects every enterprise Restriction threshold for industrial development, transformation and upgrading. "

Xia Zhilin, chairman of Shandong Textile Industry Association, holds the same view. He believed that the bank classified textile and clothing industry as a prudential support industry. Although the loan interest rate was liberalized, the bank would not lower the loan threshold for the textile industry in the context of tight capital conditions. He suggested that the state should introduce subsidy policies for people's livelihood industries such as textiles, which can not only reduce the risk of bank loans to the textile industry, but also stimulate the enthusiasm of bank loans, which is conducive to optimizing the allocation of financial resources, giving better play to the role of finance in supporting the real economy, and more effectively supporting the structural adjustment, transformation and upgrading of the textile industry.

Textile enterprises feel more profound. Zheng Yongcan, general manager of Shaoxing New Sanjiang Printing and Dyeing Co., Ltd., told reporters: "For small, medium-sized and micro textile enterprises, the interest rate of the bank's floating loan is' visible and not enough '. Only large central enterprises can get loans with the benchmark interest rate floating down from the bank, which will only further reduce the financing costs of large enterprises, leading to better enterprises and worse ones. At present, textile enterprises are facing difficulties when the cost of labor and raw materials is high and the international market is depressed The pressure on environmental protection and other multiple factors together lead to the inability of enterprises to make money. This is not a problem that can be solved by the bank to reduce the loan interest rate and reduce some taxes. "

In response to this problem, people in the banking industry analyze that it is a good thing to fully liberalize the control of loan interest rates. In the short term, the financing impact on SMEs is neutral, but in the long term, it is good news. The loan demand of large enterprises is gradually decreasing. More and more banks are increasing loans to small and micro enterprises. The supply of funds is increasing. The opportunities for small and micro enterprises to obtain loans are increasing, and the cost will also decrease.