New Development: The Development Of Financial Leasing'S Empowerment Textile Industry

During the 40 years of reform and opening up, China's economic construction has continued to develop rapidly and has made remarkable achievements. As an important component of the national economy, China's textile industry has constantly emancipated the mind and made innovations. It has made great contributions to the reform and opening up in the past 40 years. In the current period of continued devaluation of the RMB, the export of textile enterprises has increased significantly, and the development of enterprises has been increasing steadily. As a star industry with obvious international competitive advantages, it plays an important role in prospering the market, expanding exports, absorbing employment, increasing farmers' income and promoting the development of urbanization.

Textile industry plays an important role in "one belt and one road"

Under the guidance of the policy of "one belt and one road", China's textile industry has accelerated the formation of a new pattern of comprehensive opening-up, expanded further in terms of scope, level, structure and layout, and gradually formed new advantages through "going out" to invest and M & amp; D in the fields of high-quality resources, advanced R & D capability, technology and terminal channels in the industrial chain.

In March of this year, Xu Yingxin, vice president of China Textile Industry Federation, said that with the increasing pace of opening up, the new mode of sharing and collaborative manufacturing of Chinese textile enterprises accelerated the integration of the global industrial chain and built up new advantages in international competition. In 2019, we will continue to strengthen the docking with the countries along the "one belt along the way" and related areas, and promote the international capacity cooperation in the textile field, especially the construction of overseas cooperation zones.

At present, more and more textile enterprises join them, reduce production costs by uniting "sea", jointly resist unordered competition, and promote the docking and cooperation of high-quality international production projects. Next, China's textile industry will strengthen the docking of the global market and cultivate a number of multinational manufacturing enterprises and fashion groups.

The current situation of "financing difficulty" in textile industry

But in the investment process, in addition to considering various factors such as the political environment, operating costs, tax environment, trade environment and other factors, the financing problem of large investment is a problem that every "go out" enterprise should consider. Without money, nothing can be said. From the available data, it is not easy to finance overseas directly. The limited financing quota, high financing cost and harsh conditions are all the objective problems that cause the difficulty of overseas financing.

The development of enterprises is inseparable from the support and support of funds, but the financing situation of textile enterprises is not optimistic at present. Banks are traditional financial institutions and the largest source of financing for most enterprises. For banks, the textile industry has been included in the prudent lending scope, especially for small textile enterprises with backward equipment, poor market resistance and low product quality. Banks will not give financial support. For medium-sized textile enterprises, if they want to obtain funds from banks, they should have corresponding collateral or large enterprise guarantee.

Because there are more financial professionals around the company, they agree that the current financing policy can hardly alleviate the financing difficulties and the expensive financing situation of textile enterprises. Textile enterprises guarantee each other in order to borrow money from banks, causing some enterprises to sink into the vortex of mutual protection. It is reported that in Shaoxing, Xiaoshan, many textile, printing and dyeing, clothing enterprises are facing closure, the reason is not because of poor management of their own businesses, but by the guarantee between enterprises, production can not be maintained.

The development of financial leasing's empowerment textile industry

Financial leasing industry development

In addition to traditional financing channels, domestic financial products are constantly enriched and gradually matured. Financial leasing has become an effective supplement to traditional financial products and plays an indispensable role.

Financial leasing refers to the lessor's contribution to the tenant according to the specific requirements of the leased object and the choice of the supplier.

The owner purchases the leased property and rents it to the lessee. The lessee pays the rent to the lessor in installments, and the ownership of the leased property is owned by the lessor during the lease term. The lessee owns the right to use the leased property, and the ownership is spanferred to the lessee when the lease term expires and the rent is paid. It can be seen that financial leasing is a new financial industry that integrates financing and financing, trade and technology upgrading. Because of the characteristics of the combination of financing and finance, the leasing company can recover and handle the leasing problems when there are problems. Therefore, the requirements for enterprise credit and guarantee are relatively loose when handling financing, which is more suitable for the financing of textile enterprises.

In the United States, financial leasing has developed into the second largest financing mode after bank loans, which is before the bill market and the bond market.

Combined with the development characteristics of textile enterprises, the author puts forward the following three suggestions. First, enterprises should use financial leasing to solve the problem of capital shortage. Because the ownership of equipment belongs to the leasing company in the leasing period, this way is simpler and quicker than the bank loan procedure. The two is to make full use of the industrial chain financing. Textile and garment enterprises can guarantee the gold quality of the purchase and sale contracts signed by the downstream enterprises and the downstream enterprises to the banks so as to obtain loan support. Three, we should adopt PPP mode and guide social capital to participate in the construction of textile and garment industry.

Over the past 40 years, China's manufacturing has changed the world, and China's finance will change the world in the future. How to deploy more financial resources to the key areas and weak links of the development of Chinese entity enterprises? The support and empowerment of financial leasing will be one of the development tools for the livelihood industry.