How to untie private enterprises ' credit

Feng Xing Proposal Summary: To solve the problem of private enterprise loans, the government must be a solution to the problem of private economic loans "protagonist." Without direct government intervention, it is impossible to solve the problem of SME loans.　　The Government must shoulder the responsibility and obligation to shift the focus of credit this year to the private sector rather than state-owned and government projects. Proposal: 1. Each province sets a quantitative target for private enterprise loans to ensure that the funds are implemented to private enterprises. Can consider according to the provincial unit, according to a private enterprise to local GDP contribution rate, to determine the loan share of the enterprise.　　For the state to encourage the support of the industry, in the appropriate share of loans, and then give a certain amount of loans tilt.　　2. It is recommended that the CBRC establish the guidance of commercial banks on the proportion of private enterprises ' loans, encourage commercial banks to compete for the loan business of SMEs, and give policy incentives to banks that provide quality loan services. 3. Continuous expansion of micro-loan companies pilot.　　To provide funds for microfinance companies, such as shareholders, financial institutions and other sources of funding, to give incentives such as tax policy. 4. It is recommended that commercial banks help private enterprises to establish a normative financial system and establish corresponding loan conditions and approval procedures.　　Private enterprises with low debt rate, high technical content, market potential and strict internal management can relax the requirement of mortgage or guarantee. "Last year, because of the loose monetary and credit policy, although the province loans much more, but SMEs still have no door loans, loans."　　"January 24 afternoon, Anhui Province" two sessions, members of the Zhao Yuxiu a language out of all the private entrepreneurs. The difficulty of private enterprise loan, especially the difficulty of small business loan, has been a prominent problem in the development of private economy. Last year, the central government and the relevant departments issued a series of policies and documents related to the private economy, very attractive, but the problem of private enterprise loans still did not get a fundamental relief.　　According to statistics, by November 2009, China's financial institutions in the short-term loans of 14.65 trillion yuan, township enterprises 900.4 billion yuan, the private and individual economic 689.6 billion yuan, the two and only accounted for 10.85% of the country. "We still have differences in status inequality with big state-owned enterprises.　　"As a private enterprise in charge of Zhao Yuxiu reluctantly said, bank loans are often to railways, highways, infrastructure, such as ' stingy ' big projects, large enterprises, and small and medium-sized private enterprises are difficult to get a cup of soup." Credit marginalization of private enterprises last year, the international financial crisis was grim, the government quickly implemented a 4 trillion-yuan economic stimulus plan, the national economy has achieved a stable recovery of the good situation. But this 4 trillion yuan investment mostly concentrates in state-owned economy and state-owned holding enterprise. If there is only government investment and no private investment to follow up, the economic development will undoubtedly lack of sustained stamina. Private investment is an important factor to promote economic development, especially in the post-international financial crisis era, the drawbacks of stimulating the economy has emerged, how to enhance the sustained vitality of the economy has become we mustSubject to face. From the present situation, the foundation of China's economic stabilization and recovery is still not strong. One important reason for the weak foundation is the slow pace of private investment, which is a lack of dynamism and dynamism in the real economy. So this year, the focus of credit will have to turn to the private sector, not state-owned and government projects. However, it is not easy to "inspire" banks ' enthusiasm for lending to private enterprises.　　Although the central government has repeatedly asked the commercial banks to increase lending support to SMEs, but most of the commercial banks only stay in the verbal and theoretical. "The bank loan procedure is complicated, the period is long, the threshold is high and so on the small enterprise loan is difficult."　　"In Beijing Shunyi District engaged in building materials management of small business owner Lou," said reluctantly, although he himself has a good supply channels, there are fixed customers, but want to make the enterprise bigger and stronger he has been because of "the hands of lack of money" and finally give up.　　Because of the small size of private enterprises, low credibility, less goods available for collateral, coupled with the financial system is not perfect, high bankruptcy rate, commercial banks for the safety of the operating principles, with high cost, low profit, risk, and so on as an excuse to blame small business loan applications, resulting in private small and medium-sized enterprises to cherish the phenomenon of loans.　　　　Although many cities have now established SME loan guarantee centres, however, the role is not significant, one is that SMEs may not be able to get the trust of the center, and the second is that the bank is not full trust of the guarantee center; Third, the procedures are more complicated and expensive, so the idea of a good plan is often in the implementation process greatly discounted. The government needs to sing "protagonist drama" So, in the end how to solve the private enterprise loans difficult?　　Shusong, a prominent economist, has said that the problems of financing are mainly found in small businesses and microenterprises, which should be defined more clearly and promoted by means of tax preferences and policy support guarantees.　　Towming, Under-Secretary-General of the China Development Research Foundation, has also suggested that local governments and banks should assess their performance in promoting small business development. It seems that the solution to small and medium-sized loans by the current commercial banks simply operating mode is absolutely not. At present, China's banks generally lack of financial innovation ability, especially on the basis of small and medium-sized financial innovation products are not enough enthusiasm and motivation.　　The key to solving the difficult problem of private economy loan is that the Government should take responsibility and obligation. The private economy accounts for more than 65% of China's GDP, creates more than 80% new jobs, provides 70% of technological innovation, 65% invention patents and more than 80% of the new products, has become China's fastest growing economic component in recent years. And in the private economy, small and medium-sized enterprises accounted for a considerable proportion. The small and medium-sized enterprises, which account for more than 90% of the total enterprise, have become the important enterprise groups that stimulate economic growth, increase national tax revenue, promote independent innovation and stabilize urban employment. So, revitalize the private economy, revitalize the small and medium-sized enterprises, is to revitalize the entire national economy. It involves employment, involves stability, involves the overall situation, in this sense, the government willMust become a solution to the problem of private economic loans "protagonist."　　Without direct government intervention, the problem of SME loans can not be really solved, and can not solve the recovery of small and medium-sized enterprises, the problem of people's employment will not be solved, harmonious society and stimulating domestic demand can only become an empty words.　　Financial support to private enterprises so how does the Government play the role of the "protagonist"? First of all, the Government should give full consideration to the defects and deficiencies in the loan policies of SMEs in the past, and to "untie" the commercial banks in terms of system, and reform the evaluation indexes which are not suitable for the credit service of private enterprises, and establish a new incentive mechanism.　　These assessment indicators should enable commercial banks to "let go" without institutional barriers to implement the policy requirements, incentive mechanism should encourage commercial banks to actively explore new financial products to meet the private enterprise loan demand high frequency, small amount, risk, high management costs. Secondly, we should explore the feasibility of establishing commercial banks and small commercial banks. China can draw on foreign experience and set up a policy commercial bank specially for private enterprise financing. First of all, in the source of funds to fully reflect the policy of the bank, and secondly, in the operating environment reflects the policy of supporting the role of guidance. For SMEs to provide interest-free, discount, low-interest loans, and in line with industry-oriented enterprise loans to provide some financial guarantees and other measures.　　At the same time, can rely on private capital equity, especially to absorb the private capital outside the financial system, orderly development of local small banks and private credit institutions, fully absorb the social idle funds into the financial market. In addition, the microfinance companies should continue to expand the pilot, and ensure that microfinance companies have sufficient funds. At present, microfinance companies in the pilot areas are widely welcomed by small and medium-sized enterprises, but the shortage of funds in the microfinance companies are widespread, affecting the role of microfinance companies play. Governments around the world to provide a stable financial supply for the sustainable operation of microfinance companies.　　Gradually expand the size of registered capital, increase the proportion of loans to banks, and loans to banks to give interest rate concessions to give full play to the small and medium-sized enterprises to meet the demand for high frequency, small amount, quick turnover, the strength of the comparative advantage. Also, each province set up a quantitative index of private enterprise loans to ensure that the funds are implemented to private enterprises. Can consider according to the provincial unit, according to a private enterprise to local GDP contribution rate, to determine the loan share of the enterprise.　　For the state to encourage the support of the industry, in the appropriate share of loans, and then give a certain amount of loans tilt. The 2010 is a year of "structural adjustment", and "growth-boosting" stimulus policies are gradually withdrawing from the policy arena. If we say that under the stimulus policy last year, our large amount of loans were invested in railway repair, road repair and airport repair, then this year, financial support must be biased towards the private sector, only in this way can we really stimulate domestic demand in order to kick-start the vitality of the entire Chinese economy.