How to solve the problem of China's small and medium-sized enterprises financing difficulties

How do small and medium-sized enterprises knock on the door of the bank

Small and medium-sized enterprises are an important part of China's national economy, and the development of small and medium-sized enterprises plays an irreplaceable role in perfecting China's market economic system, realizing the modernization of the whole society, and creating a good external environment for the reform of state-owned large and medium-sized enterprises.

At present, due to the ideological understanding of the bias, state-owned commercial banks are often reluctant to provide loan support for small and medium-sized enterprises, their financing is subject to many restrictions. To faster and better development of small and medium-sized enterprises, financing problems are not solved, the goal is very difficult to achieve.

Why SMEs lack financial support

China's small and medium-sized enterprises are difficult to obtain bank loans through normal channels, especially state-owned commercial bank loans, mainly due to the following reasons: First, small and medium-sized enterprises have a low credit rating, creditworthiness is relatively poor, and it is difficult to obtain collateralized guaranteed loans; secondly, some small and medium-sized enterprises to take the opportunity to restructure to evade the bank's debt, and thirdly, the bank is the SMEs loan operating costs and transaction costs are high; four is that most SMEs are non-state-owned enterprises, some banks by the traditional concepts and the impact of administrative intervention, non-state-owned SMEs loans are not enthusiastic enough; five is the lack of financial institutions specializing in SMEs loan services; six is the lack of SMEs loan guarantee institutions.

How can SMEs win the favor of banks

Improving their own financing environment: for example, SMEs should actively participate in credit insurance and credit guarantee to improve their own financing environment. The state has considered the establishment of a standardized credit guarantee system for small and medium-sized enterprises, small and medium-sized enterprises should seize the opportunity to actively cooperate with the operation of this mechanism. In addition, SMEs should strengthen the supervision and management of funds, and continuously improve the efficiency of funds, in order to create conditions for further fund-raising.

Establishing a standardized modern enterprise system: without a standardized modern enterprise system, SMEs will find it difficult to find high-level managers.

And no high-level managers, the enterprise's fund-raising channels will be difficult to open. Only the establishment of a standardized modern enterprise system, small and medium-sized property rights transactions, asset reorganization and other needs of new capital channels can be unimpeded, can be in the capital market is to carry out financing activities.

Continuous industrial restructuring: In the fierce market competition, in order to get a wide range of financial support, small and medium-sized enterprises must continue to optimize their industrial structure and enhance their market competitiveness. The focus of the state in terms of financial support, are those products with high technological content, market potential of small and medium-sized enterprises. Small and medium-sized enterprises should pay attention to industrial upgrading and transformation problems, find their own position, pay attention to the specialization of division of labor, if necessary, can be transferred to the central and western regions, to the underdeveloped regions, to foreign countries.

Use the funds of the International Finance Corporation (IFC): the IFC has the intention to provide financing to our small and medium-sized enterprises with exemplary projects to promote the development of small and medium-sized enterprises in China. The specific practice is to help the project to finance the capital through the way of limited recourse project financing. The IFC promotes foreign investment in China by working directly with investors on projects, assisting in project design and helping to raise funds. The IFC plays a leading role in actively developing the overseas syndicated loan market for China. Loan targets mainly seem to be private enterprises of a certain size, with a concentrated main business and a leading position in the industry, which have a long-term development strategy and are willing to adopt a clear financial accounting system.

Constructing a financial support system is imminent

Based on the realization of poor financial support for small and medium-sized enterprises (SMEs), comprehensive governance measures should be taken to establish a financial support system for SMEs with Chinese characteristics.

Strengthening the laws and regulations of financial support for small and medium-sized enterprises. Many countries and regions in the world pay attention to financial support for small and medium-sized enterprises in terms of laws and regulations, and the establishment of specialized government management agencies to provide services for small and medium-sized enterprises in terms of financing. China's legislation on small and medium-sized enterprises is obviously lagging behind, and specialized laws and regulations on small and medium-sized enterprise finance have basically not yet been formulated. Therefore, it is imperative that the Small and Medium-sized Enterprises Act and the Small and Medium-sized Enterprises Banking Act be enacted as soon as possible. Only in this way can the operation and financing of small and medium-sized enterprises have legal protection.

Establishment of specialized funds for small and medium-sized enterprises. Many countries in the world specialize in serving small and medium-sized enterprises with a lot of funds, such as small and medium-sized enterprise credit guarantee fund, specific purpose fund, small and medium-sized enterprise mutual aid fund. In order to solve the problem of small and medium-sized enterprises in China as soon as possible, it is recommended that the establishment of specialized funds for small and medium-sized enterprises as soon as possible. The source and use of the fund should be reasonably regulated to improve the economic and social benefits of the fund.

Development of special preferential policies in favor of small and medium-sized enterprise financing. At present, our country to be formulated in favor of small and medium-sized enterprise financing preferential policies are: (1) maintain the state-owned commercial banks to small and medium-sized enterprise loan share policy; (2) improve the commercial banks to small and medium-sized enterprise loan enthusiasm policy; (3) modify the state-owned commercial banks enterprise credit rating standard policy; (4) the establishment of a standardized small business mortgage system policy; (5) to allow eligible (5) the policy of allowing qualified small and medium-sized enterprises that have realized shareholding reform to finance themselves with non-credit methods such as stocks and bonds; (6) the policy of implementing a capital support program for high-tech small and medium-sized enterprises; and (7) the policy of implementing capital support for "specific matters" among small and medium-sized enterprises.

Establishing and improving the social auxiliary system of financial support for small and medium-sized enterprises. The main thing is to establish and improve the small and medium-sized enterprise socialized service system. Such as small and medium-sized enterprise credit assessment structure, small and medium-sized enterprise investment and financing information service structure, small and medium-sized enterprise accounting firm, small and medium-sized enterprise law firm, small and medium-sized enterprise federation. For high-tech small and medium-sized enterprises with development potential, can also be supported by "business incubators" and risk financing.

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