Bank-Enterprise Tripartite game syndicated loan quickly leapt red

Luojingjing China Accounting report 07-10 00:00:00 Syndicated loans have recently "jumped red." Recently, 10 banks in Beijing signed the largest syndicated loan agreement by China's banking industry to date, with a total of $176.2 billion trillion in 18 project loans signed.　　The syndicated loan accumulated by the Bank of China Banking Association, which has been formed and is being organized, is over 1 trillion yuan.　　It is obvious that syndicated loan is the choice of the government, the bank and the enterprise to win the game in the current economic environment.　　Let the crisis pass. The signing of the 176.2 billion yuan big single project to highways and railways and other infrastructure, including Jilin, Shanxi, Shijiazhuang, Xinjiang and other highways projects and Tianjin, Nanjing, Shenzhen, Changsha and other railway or subway projects. Syndicated loans are still largely financed by government projects with a larger project amount.　　"This is an indisputable fact among many experts, and the China Banking Regulatory Commission has expressed support for banks to fund large projects in the form of syndicated loans."　　In fact, the recent rapid rise in syndicated loans, in large part because the government hopes to use investment to promote a rapid domestic economic recovery. Fixed investment, consumption and exports are the "troika" that drive the economy, but the international economic environment has not improved, and exports are still greatly affected.　　As a result, the government only increases the intensity of the economic recovery program.　　Haifeng, head of syndicated lending at the Bank of China's credit ministry, argues that bank lending can boost investment to a large extent, such as banks ' increased infrastructure such as highways and railways, which can simultaneously boost the development of metals, minerals, steel and other upstream and downstream economies, thus "let the crisis pass quickly".　　Bank-risk banks sometimes opt for syndicated rather than bilateral loans, in large part to diversify their risk.　　Haifeng told China Accounting News reporter, the project that obtains the syndicated loan is in addition to meet the bank loan request, generally presents the big amount, the structure complex characteristic, needs several bank cooperation to disperse the risk. "For banks, can not do a project too large, and some projects are partial guarantee or phase guarantee, asset mortgage is also more complex, if a number of banks can study together, cooperative lending, you can share risk, responsibility allocation."　　"Haifeng said. Bank experts also pointed out that, such as Zhejiang firms, Huizhou firms and other regional banks, its loan project capital of less than 10 billion yuan, the nature of the loan limit, have to take the way of syndicated loans. In addition, the savings Bank of the Forces nouvelles, due to the lack of business experience, but also hope to start with other banks to work together to accumulate loan experience.　　Syndicated loans are "hot" for granted.　　But Haifeng also admits that bank participation in syndicated loans is also to find their own development opportunities, or to consolidate strength.　　The choice of enterprises under the crisis recently, Dongfeng Yue Tatsu Asia Motor Co., Ltd. won the Bank of China for the lead bank and the agency signed 150 million U.S. dollars of loans. Reporter from Dongfeng yue UpAsia Motor Company Finance Minister Fertility New there learned that due to the financial crisis under the influence of the market on the car industry is not optimistic, the financing environment of the car companies to become worse, to a single bank can only get 200 million yuan-300 million yuan of loans, but for the need for about 6.8 billion yuan in the second factory, this is simply a drop in the bucket.　　Thus, the birth of a New thought of syndicated loans.　　Last December, Dongfeng Yue Tatsu Asia Motor Company began to start syndicated loans, lasted six months, the funds as promised. The birth of a new syndicated loan is quite favorable: "Although syndicated loans have a certain fee, but the reporting materials only need to provide a, the lead line responsible for providing relevant information, the province of a lot of human, material, financial resources, the overall cost is relatively low." "In addition, there are other considerations for birth. 2007, Dongfeng Yue Tatsu Asia Motor Company has been led by the Citibank, foreign banks, the main bank of the 200 million-dollar syndicated loan project, and increased cooperation with foreign banks.　　This time through the signing of the Bank of China-led, domestic bank-dominated syndicated loan agreement, so that Dongfeng Yue Tatsu car Company expanded the cooperation with domestic banks. The car industry is a capital, technology-intensive industry that needs to be invested in a lot of money. "As long as there is demand in the future, we will also adopt syndicated loan mode to finance." "Syndicated loans will continue to climb whether syndicated loans will continue to climb?"　　Haifeng's answer is: "It will certainly continue to grow, not slow." Haifeng that, because the first half of the bank's rapid delivery, the banks are adjusting the loan structure, and attention to spread the risk. The CBRC has prompted banks to carry out rational risk control.　　Syndicated loans can spread risk, so most banks will tend to do so through syndicated loans.　　It is understood that the current syndicated loans in the banks accounted for about 10% of the loans, the proportion is not large. Tanya, an industry analyst at the Northeast Securities Finance and Industry Institute, said at present, the rapid growth of syndicated loan is originated from the cooperation of government, banks and enterprises, which is the common need of promoting economic growth, but it does not rule out that there are man-made factors, such as empty bills, funds fleeing to the stock market or transferring to the real estate market. As a result, banks still need to be cautious in providing loans to businesses. As for the pace of syndicated lending, it also depends on inflation expectations and future monetary policy adjustments.