Zhejiang Financing Docking Thirty Projects Successfully Docking

"This 50 million yuan loan fund is really timely rain!"

On the eve of the provincial SME financing meeting held the day before yesterday, Shen Guofu, chairman of the Zhejiang Hongda warp knitting Limited by Share Ltd, revealed a gratifying smile with the signing of a loan agreement of 50 million yuan with Zhejiang Commercial Bank.

Like Shen Guofu, there are nearly 30 Zhejiang enterprises who have successfully signed up for funds.

At the meeting, there were 30 successful docking projects involving bank credit, short-term financing vouchers, equity investment and guarantee cooperation.

"In the current economic situation, the provincial government attaches great importance to small and medium-sized enterprises, and has greatly enhanced the confidence of SMEs."

Shen Guofu's feelings also represent the aspirations of most enterprises.

The government has recently increased the risk of loans for small and medium-sized enterprises. The State Council recently promulgated the "nine countries of finance", and the Zhejiang provincial government also introduced 10 measures to increase financial support for economic development.

Chen Miner, member of the Standing Committee of the provincial Party committee and executive vice governor of Zhejiang, pointed out that this meeting is part of the implementation of the policy of expanding domestic demand by the provincial Party committee and the provincial government. It is a continuation of the major financing docking meeting in November 27th.

Under the current financial crisis, Zhejiang enterprises should strengthen their confidence. "Zhejiang is a big province of small and medium-sized enterprises. In this crisis, Zhejiang enterprises first encounter difficulties. First of all, coping with difficulties will surely get out of difficulties first."

Wu Jiaxi, deputy director of the provincial economic and Trade Commission and director of the Provincial Bureau of small and medium enterprises, pointed out that in order to make SMEs overcome difficulties and tide over difficulties, the provincial Party committee and the provincial government also put forward some substantive measures. One of the important measures is to increase the risk of compensation for small and medium-sized enterprises. In 2008, based on the successful practice of three years from 2005 to 2007, the provincial small business loan risk compensation increased to 65 million yuan.

"Up to now, the total number of loans added by small banks to the banking financial institutions in the scope of risk compensation has totaled 25 billion 800 million yuan, and nearly 20 000 small enterprises have received credit support from banking financial institutions.

In addition to this, Wu Jiaxi said that the SME board, through cooperation with major banks, is also accelerating the construction of SME financing platform.

At present, the platform has issued a benchmark interest rate loan of nearly 500 million yuan to more than 300 SME projects.

Recently, second platforms, comprising 10 guarantee agencies, have also been set up and put into operation.

Bank: increase the loan quota for SMEs. "In the next three years, ABC will increase 150 billion yuan of credit funds in Zhejiang". This is a commitment made by the Agricultural Bank and the provincial government last week when signing a contract. Before the ABC commitment, CCB devoted a policy tilt on Zhejiang's credit support to SMEs, and clearly stated that 60 billion yuan of new SMEs credit for Zhejiang in three years.

At the meeting, the Zhejiang Commercial Bank also declared that it would increase its support for small and medium-sized enterprises.

With the full attention of the provincial government, the major banks are also gradually easing the lending threshold for SMEs.

According to statistics, as of the end of 11, the scale of loans in Zhejiang's banking industry has exceeded 400 billion yuan. Since this year, Zhejiang's banking and financial institutions have been innovational and made great contributions to supporting small and medium-sized enterprises.

Investment institutions: looking at SMEs, "paradise Silicon Valley is launching 4 new venture capital funds, raising 1 billion yuan to fully support the difficulties of SMEs in our province."

At the meeting, the Silicon Valley of heaven revealed their new ideas.

Just as the major financial institutions inside and outside the province have extended their "olive branch" to SMEs, the other investment institutions looking for projects have begun to focus their attention on SMEs.

In fact, Zhejiang paradise Silicon Valley Venture Group Co., Ltd. has successfully invested in many small and medium-sized enterprises such as Xinfu pharmaceutical and Zhong Zheng fingerprints.

Wang Linjiang, chairman of the board of directors, said that during the selection process, Silicon Valley of heaven mainly favored two types of SMEs: two kinds of technological innovation and business mode innovation.

"Our Guarantee corporation can integrate all resources to serve SMEs."

Zhou Yi, President of Zhejiang zhongxinli Guarantee Corporation, also saw financial support for small and medium-sized enterprises, which breeds unlimited business opportunities.

All along, enterprises rely heavily on the single direct financing channel of banks, and the proportion of indirect financing is very limited.

"At present, the provincial government and other departments are studying the guiding opinions on equity investment, which is expected to be promulgated soon. At the same time, the provincial government encourages domestic and foreign investment institutions to open branches in Zhejiang, mobilize the enthusiasm of bank loans, and build a new three party cooperation in investment, business and banking."

Bao Chuntian, deputy director of the provincial finance office, revealed at the meeting.

Expert interpretation: how to solve the financing difficulties of small and medium-sized enterprises? Chen Jianjun, director of the regional and urban development research center of Zhejiang University, and member of the Yangtze River Delta regional planning comprehensive group of the national development and Reform Commission, pointed out that there are many reasons for the financing difficulties of SMEs, such as the imbalance between enterprise expansion and enterprise performance.

Small and medium-sized enterprises should calm down in this crisis and seriously consider their own development mode. They do not pursue short-term effects and sum up their experiences and lessons.

"Zhejiang's small and medium-sized enterprises have difficulty in financing, which is a problem in the initial stage of economic development.

To truly solve the financing difficulties of small and medium-sized enterprises, the parties can also start from three aspects: first, do well in product innovation, such as collecting debt from small and medium-sized enterprises, reducing the risk of loans for small and medium enterprises, and doing well in the safety of investors.

The two is to enhance the competitiveness of small and medium-sized enterprises themselves, improve their assets scale and profitability, and improve their credit rating.

Such as guiding SMEs to reorganize mergers and acquisitions, improve industrial concentration in the industrial structure, guide and foster competitive SMEs, and enter the ranks of big companies and large enterprises.

The three is to guide a large number of private capital, such as the reduction of some income tax to small loan companies or the interest subsidy for small and medium sized enterprises.

Yao Zheng, executive director of capital and accounting research center, School of management, Zhejiang University, pointed out.

Yang Jing: editor in charge