Security SMEs ** Difficult to Urgently Need Policy Support

At the 2012 Lujiazui Forum held at the end of June, Qiao Hong, chief economist of Morgan Stanley Greater China, said: "After March, bank loan speeds have dropped significantly. Why? Development loans are not allowed to do so, both high and low, There are credit requirements to allow small and medium-sized enterprises but not to charge fees.In an environment where the decline is very obvious, banks feel that they are not worth the candle, they simply do not lend.The loans are very difficult to go out, which is probably because short-term policies seem to have some conflicts with the long-term goals of reform. "In the face of difficulties in financing, security financing for small and medium enterprises, the next step in the direction of development should go?

Safeguarding SME Loans Urgently Needs Policies to Focus on Supporting Steady Monetary Policy but Frequent Changes in SMEs “Very Injured”

In recent years, the government has successively issued policies to support small and medium-sized enterprises. Although the central bank mentioned that the expression of monetary policy has always been “steady”, it seems to Li Yinghui, general manager of Shanghai Puland Financial Services Co., Ltd., that in the past 6 years, China has The changes in monetary policy are too frequent and basically change in two years, either loose or tight. This tight one has little effect on large companies. What hurts are small and medium-sized enterprises with insufficient financing channels and shortage of their own funds.

Many security micro, small, and medium-sized enterprises rely on bank loans to maintain their cash flow. If the funds are broken, the survival of the company will be seriously affected. Hu Zhigang, general manager of Shenzhen Weanda Electronics Co., Ltd., talks about this issue. When he said: "Now, running a business and a brand is not a development like the original model. Now the general direction of the market is if your business wants to be big, but behind you there is no source of funds or funds. If it is supported, then the company that develops in this way is risky.His ability to resist risks is relatively weak. If you do not follow step-by-step development, promote development, and the management of your own company is inaccurate and the technology is not leading, then the company After all, it is going to perish."

Security companies' financing difficulties and difficulties in loans are due to the bank's tendency to choose to avoid risks as much as possible, preferring conservative market tactics and tending to exclude ordinary SMEs from the outside. In addition, local banks implement unified national standards in the loan business. They consider inadequate regional differences, industry differences, and field differences, lack the necessary flexibility and pragmatism, and generally increase the financing difficulty of security and small and medium-sized enterprises. On the other hand, the financial management system of the enterprise itself is not perfect. Many security and small and medium-sized enterprises cannot provide convincing financial information to the banking institutions. It is difficult for banks to make accurate loan risk judgments. In addition, the company's ability to withstand economic risks is low, and the credit of a few SMEs is low, which increases the difficulty of financing.

It is difficult for small enterprises to borrow money from banks to lend to large enterprises. Qiao Hong also said: “The loans for SMEs can be said to be not only difficult to borrow, but also expensive. If you look at the level of SME loan interest rates, after seeing a 20-30% increase, it is It is relatively high, not low. Relatively speaking, the interest rate of state-owned enterprises' platforms is relatively low, and loans can be made between enterprises, which can save interest rates at several points in a matter of minutes. For example, loans for large enterprises can float above and below the benchmark interest rate. %, even now allows 20%, he can change hands and lend this money to other smaller companies, internal and more reassuring businesses. The interest rate plus one or two points is enough."

This can explain to a great extent that, whether it is a large enterprise or a small and medium-sized enterprise, they are currently enjoying the average benchmark interest rate, and the benchmark interest rate is lower than the level that one should actually see. Therefore, if SMEs can not lend to banks, they can also borrow money from large companies. This can be easier, and it can ease the pressure on companies themselves.

In short, the small and medium-sized enterprises in the security industry must achieve self-breakthrough. Besides striving to cultivate internal skills to master core technologies, they must also strengthen their own management, raise their credit levels, and increase the weight of conviction in the process of bank loans. The state's monetary policy for supporting small and medium-sized enterprises should also be more explicit as to how it should be implemented.