Increase In Credit Scale To Help Jiaxing Textile And Leather Smes

The central bank has agreed to adjust the credit scale of commercial banks this year, and the problem of financing difficulties of SMEs is expected to be eased.

Yesterday, reporters from the Jiaxing branch of the people's Bank of China learned that the central bank's adjustment to adopt the "differential treatment" approach, the national commercial banks in the original credit scale increased by 5% on the basis of the local commercial banks increased by 10%.

Market analysts pointed out that under the tight monetary policy, for small and medium-sized enterprises in our city, the "differential treatment" credit policy is undoubtedly a great benefit, to a certain extent, to alleviate the financing difficulties of small and medium-sized enterprises, improve the efficiency of enterprise capital operation, and even enable a "shut down" enterprise to "bring the dead back to life".

More than 1500 small and medium-sized enterprises reported losses, and with the implementation of tight monetary policy, since the beginning of this year, small and medium-sized enterprises in our city have been generally confronted with financing difficulties, resulting in tight funds and inefficient capital operation. With the appreciation of Renminbi, the rise of labor and raw materials, and changes in domestic and foreign demand, many enterprises reported losses, and some capital chain breaking enterprises even shut down.

According to the statistics of the Municipal Bureau of statistics, in the first half of the year, there were 1564 large scale deficit enterprises, basically small and medium-sized enterprises, an increase of 17.24% over the same period, with a loss of up to 1 billion 180 million yuan, up 25.78% over the same period last year.

The most serious loss is light industry, with a loss of 830 million yuan, accounting for 70.33%, of which textile, clothing and Pi Jisan's traditional industries bear the brunt and losses exceed 500 million yuan, accounting for 42.4%.

The number of enterprises shutting down or halting production has increased over the past years, accounting for 1.9% of the enterprises above designated size. Among them, traditional light industries account for the majority, such as textile and garment industries, with over 26 enterprises shutting down above the scale, and hundreds of enterprises under the scale.

Since the beginning of this year, tight monetary policy has guided the reasonable growth of money and credit, but has also increased the pressure of enterprise funds.

Data show that, at the end of 6, the loan balance of the financial institutions in the whole city was 35 billion 238 million yuan in the short and medium term industrial loans, an increase of 15.1%, an increase of 19.6 percentage points, while the balance of loans for industrial enterprises above designated size was 101 billion 595 million yuan, an increase of 10.2%, an increase of 4.9 percentage points.

Tight money and high interest rates make the small and medium sized enterprises whose capital is not well-off feel pressure.

Municipal Bureau of Statistics survey shows that the two quarter corporate financing climate index is 107.3, 17.5% of corporate financing difficulties, an increase of 5.2 percentage points, of which, SME financing climate index is only 96.7, fell into the recession.

In order to improve the pertinence and effectiveness of the regulation, the central bank has repeatedly stressed the importance of "maintaining pressure and treating differently" to ensure the capital demand of small and medium-sized enterprises, agriculture, high technology and so on.

From the actual results, the credit structure has not been improved. In order to maximize their interests and control risks, banks have not given enough care to small and medium-sized enterprises, but to ensure the quality of large clients' demand for funds and expand their intermediary businesses.

In contrast, most small and medium enterprises are weak in strength, uncertain in development, and generally imperfect in financial system. For banks, even if higher loan interest rates are implemented, they may not be able to cover risks.

Although government departments have introduced a number of measures, such as risk subsidies, the establishment of SME guarantee institutions, the implementation of equity pledge loans, etc., but in the case of total credit size control, the financing difficulties of SMEs have not yet been improved.

Faced with the plight of SMEs financing and implementing the credit policy of "differentiated treatment", the central bank has increased the credit scale of commercial banks in 2008 for small and medium-sized enterprises.

In view of the fact that the main force of small business financing is local financial institutions, the adjustment has increased 5% on the basis of the original credit scale of the national commercial banks, and has increased 10% to the local financial institutions.

It is reported that there are 7 local financial institutions in our city. According to the above policy, the annual credit scale can go up by 10%.

But people in Jiaxing City Center branch said that although the scale of credit for small and medium-sized enterprises has been fine-tuning, financial institutions, such as savings and loans, such as a legal ratio of 75%, can no longer increase the scale of credit.