Editor's note: For a long time, textile companies, especially small and micro enterprises, have been struggling to survive in the difficult situation of “financing difficultiesâ€. In the past one or two years, the superposition of multiple factors has increased the cost of financing rapidly. “Financing expensive†has become a problem facing many companies in the industry. problem. In response to this phenomenon, on behalf of the textile industry this year, representatives of the textile industry put forward many valuable suggestions based on industry characteristics and corporate experience.
In the government report, Premier Wen Jiabao proposed to "reducibly reduce the financing costs of the real economy" and "guide the healthy development of private financing." Delegates in the textile industry agree with this. For a long time, textile companies, especially small and micro enterprises, have been struggling to survive in the dilemma of “financing difficultiesâ€. In the past one or two years, the superposition of multiple factors has increased the cost of financing quickly. "Financing expensive" has become a problem facing many companies in the industry. In response to this phenomenon, on behalf of the textile industry this year, representatives of the textile industry put forward many valuable suggestions based on industry characteristics and corporate experience.
As the impact of “financing difficulties†and “expensive financing†caused by monetary tightening has a significant impact on the textile industry, Zhao Linzhong, a representative of the National Representative of China, and Furun Holding Group, frankly stated that small and micro enterprises still find it difficult to obtain bank credit. Even if we obtain a bank loan, the average interest rate for comprehensive ** cost ** is as high as 13% to 18%, while the private interest rate is higher. Many small enterprises that adhere to the survival and development of the real economy have a capital profit margin of only 5% or less. Therefore, he suggested that the implementation of special funds to support the real economy, especially small and micro enterprises, should be clearly implemented as soon as possible. Through the provision of supply and quality services, a substantial drop in lending interest rates has been achieved, and the problem of “expensive†has been solved. At the same time accelerate the pace of financial reform and opening up. Support the development of specialized small and medium-sized financial institutions that serve small and medium-sized enterprises, such as companies, village and town banks, mutual funds, financing companies, venture capital institutions, investment and financing service centers for small and medium-sized enterprises, and private lending services. Financing channels to solve financing difficulties.
"Relieving 'financing difficulties' requires a differentiated policy mix," said Sun Yingan, representative of the National Government and chairman of Hubei Xiaomian Industry Group, who told the reporter that the country should support commercial banks to further increase the mini-micro scale through differentiated supervision and incentive policies. Corporate credit support. In the long run, we must also construct a financial market structure system that is compatible with the corporate market structure, and in particular, establish and develop a number of small and medium-sized financial institutions. He believes that under the basic guarantee of the safety of funds, the banks can formulate simple and flexible methods of operation in view of the imperfect financial management of small and micro enterprises and the lack of land property mortgages. Support small and micro enterprises, and various regulatory agencies and banks should appropriately relax the tolerance of the small and micro enterprises' non-performing rates.
Gao Dekang, the chairman of the Bosideng Group, represented the representative of the country, and he believes that the Microfinance Bank can set up a special business for small and micro enterprises. For example, many financial institutions have now introduced financial services tailored to small and micro enterprises. They have implemented a directional and lenient policy environment in terms of credit lines, loan-to-deposit ratio management, and so on, helping small and micro enterprises to ease the pressure on capital turnover. Small companies can be a useful supplement to alleviate the financing difficulties of SMEs.
How to promote the transformation of the banking industry so as to better serve the real economy? The representative of the National People's Government and Chairman of Shandong Huale Industrial Group Co., Ltd. Su Shoutang's answer is "marketization of interest rates." At present, the bank ** interest rate is still semi-market pricing, and the "financial administrative monopoly" gives China's banking industry pricing power over other industries' ** interest rates. Banks basically follow the benchmark interest rate for state-owned enterprises, and for small and medium-sized enterprises and private enterprises. Enterprises are on the basis of the benchmark interest rate floating 20% ​​to 30%, and some up to 50%. With the intervention of such financial administrative means, SMEs and private enterprises are burdened with high interest costs and it is difficult to compete with state-owned enterprises. Therefore, Su Shoutang believes that the interest rate of the banks should be managed under the supervision of the state's regulatory mechanism. Su Shoutang also proposed to further optimize the bank's investment in the credit industry, improve credit support for SMEs, and promote the popularization of commercial acceptance.
Regarding the highly publicized and controversial folk **, several representatives believed that "private lending should not be blocked." Under the active guidance of the government, the people have full potential to become an important channel for the real economy and play an active role in industrial upgrading. For example, we can use small companies to guide and standardize private lending, so that small companies can become a platform for private lending. Many local governments are now piloting this approach. In addition, it is also necessary to truly break the monopoly and eliminate the “glass doors†and “spring doors†that private capital encounters when it enters many fields such as energy and medical care to promote the healthy development of civil society.
Gao Dekang pointed out in this regard that the main body of private investment is private enterprises. Encouraging private capital to enter energy and other fields will help improve the socialist market economic system, give full play to the basic role of market allocation of resources, and establish a fair competitive market environment. At the same time, it has a positive significance in promoting the transformation of private enterprises, expanding the development space of private enterprises, and standardizing private lending. He hoped that the government would particularly encourage the expansion of non-governmental capital flows to the financial industry, in particular, cultivate small-scale financial institutions for small and micro enterprises and “three rural issues†and rationally guide the public. Su Shoutang also believes that while interest rates are being marketed, the access threshold for financial institutions and banks should be reduced, and private capital should be allowed to initiate the establishment of small-scale financial institutions of all kinds of joint-stock systems. With the strengthening of supervision, small financial institutions and banks should be formed. Ordered market competition is also an impetus to the market-oriented interest rate reform.
In the government report, Premier Wen Jiabao proposed to "reducibly reduce the financing costs of the real economy" and "guide the healthy development of private financing." Delegates in the textile industry agree with this. For a long time, textile companies, especially small and micro enterprises, have been struggling to survive in the dilemma of “financing difficultiesâ€. In the past one or two years, the superposition of multiple factors has increased the cost of financing quickly. "Financing expensive" has become a problem facing many companies in the industry. In response to this phenomenon, on behalf of the textile industry this year, representatives of the textile industry put forward many valuable suggestions based on industry characteristics and corporate experience.
As the impact of “financing difficulties†and “expensive financing†caused by monetary tightening has a significant impact on the textile industry, Zhao Linzhong, a representative of the National Representative of China, and Furun Holding Group, frankly stated that small and micro enterprises still find it difficult to obtain bank credit. Even if we obtain a bank loan, the average interest rate for comprehensive ** cost ** is as high as 13% to 18%, while the private interest rate is higher. Many small enterprises that adhere to the survival and development of the real economy have a capital profit margin of only 5% or less. Therefore, he suggested that the implementation of special funds to support the real economy, especially small and micro enterprises, should be clearly implemented as soon as possible. Through the provision of supply and quality services, a substantial drop in lending interest rates has been achieved, and the problem of “expensive†has been solved. At the same time accelerate the pace of financial reform and opening up. Support the development of specialized small and medium-sized financial institutions that serve small and medium-sized enterprises, such as companies, village and town banks, mutual funds, financing companies, venture capital institutions, investment and financing service centers for small and medium-sized enterprises, and private lending services. Financing channels to solve financing difficulties.
"Relieving 'financing difficulties' requires a differentiated policy mix," said Sun Yingan, representative of the National Government and chairman of Hubei Xiaomian Industry Group, who told the reporter that the country should support commercial banks to further increase the mini-micro scale through differentiated supervision and incentive policies. Corporate credit support. In the long run, we must also construct a financial market structure system that is compatible with the corporate market structure, and in particular, establish and develop a number of small and medium-sized financial institutions. He believes that under the basic guarantee of the safety of funds, the banks can formulate simple and flexible methods of operation in view of the imperfect financial management of small and micro enterprises and the lack of land property mortgages. Support small and micro enterprises, and various regulatory agencies and banks should appropriately relax the tolerance of the small and micro enterprises' non-performing rates.
Gao Dekang, the chairman of the Bosideng Group, represented the representative of the country, and he believes that the Microfinance Bank can set up a special business for small and micro enterprises. For example, many financial institutions have now introduced financial services tailored to small and micro enterprises. They have implemented a directional and lenient policy environment in terms of credit lines, loan-to-deposit ratio management, and so on, helping small and micro enterprises to ease the pressure on capital turnover. Small companies can be a useful supplement to alleviate the financing difficulties of SMEs.
How to promote the transformation of the banking industry so as to better serve the real economy? The representative of the National People's Government and Chairman of Shandong Huale Industrial Group Co., Ltd. Su Shoutang's answer is "marketization of interest rates." At present, the bank ** interest rate is still semi-market pricing, and the "financial administrative monopoly" gives China's banking industry pricing power over other industries' ** interest rates. Banks basically follow the benchmark interest rate for state-owned enterprises, and for small and medium-sized enterprises and private enterprises. Enterprises are on the basis of the benchmark interest rate floating 20% ​​to 30%, and some up to 50%. With the intervention of such financial administrative means, SMEs and private enterprises are burdened with high interest costs and it is difficult to compete with state-owned enterprises. Therefore, Su Shoutang believes that the interest rate of the banks should be managed under the supervision of the state's regulatory mechanism. Su Shoutang also proposed to further optimize the bank's investment in the credit industry, improve credit support for SMEs, and promote the popularization of commercial acceptance.
Regarding the highly publicized and controversial folk **, several representatives believed that "private lending should not be blocked." Under the active guidance of the government, the people have full potential to become an important channel for the real economy and play an active role in industrial upgrading. For example, we can use small companies to guide and standardize private lending, so that small companies can become a platform for private lending. Many local governments are now piloting this approach. In addition, it is also necessary to truly break the monopoly and eliminate the “glass doors†and “spring doors†that private capital encounters when it enters many fields such as energy and medical care to promote the healthy development of civil society.
Gao Dekang pointed out in this regard that the main body of private investment is private enterprises. Encouraging private capital to enter energy and other fields will help improve the socialist market economic system, give full play to the basic role of market allocation of resources, and establish a fair competitive market environment. At the same time, it has a positive significance in promoting the transformation of private enterprises, expanding the development space of private enterprises, and standardizing private lending. He hoped that the government would particularly encourage the expansion of non-governmental capital flows to the financial industry, in particular, cultivate small-scale financial institutions for small and micro enterprises and “three rural issues†and rationally guide the public. Su Shoutang also believes that while interest rates are being marketed, the access threshold for financial institutions and banks should be reduced, and private capital should be allowed to initiate the establishment of small-scale financial institutions of all kinds of joint-stock systems. With the strengthening of supervision, small financial institutions and banks should be formed. Ordered market competition is also an impetus to the market-oriented interest rate reform.