Li Yizhong: Earlier March SME new loans accounted for less than 5%

"In the first 3 months of this year, the total amount of credit in the country increased by 4.8 trillion, of which less than 5% per cent of SME loans were added."　　"How to crack the financing of SMEs in the International Forum on 6th," said Li Yizhong, minister of Industry and Information technology. Li said that the number of SMEs accounted for 99% of the total number of enterprises in China, creating nearly 60% of our economic total. Under the impact of the international financial crisis, SMEs affected should be said to be the first, financing difficult, loans difficult. Small and medium-sized enterprises lack of funds are mainly four reasons: the first is small and medium-sized enterprises in general size, weak strength, the credibility is not too high. The second is that banks consider their own risks, their own profits, the loan conditions for SMEs more stringent. Third, SME credit guarantee mechanism system is not perfect.　　The Forth is that SME financing channel is too narrow. Li said that the Ministry of Industry and Information technology will earnestly implement the central decision-making, and continue to strengthen communication and collaboration with relevant parties, increase efforts and actively promote SME loans.　　Li suggested that the central government and local finance should further increase the investment in the guarantee institutions, hoping to support local SME guarantee institutions and reinsurance institutions through various channels, based on the current guarantee loan of more than 250 billion. Li also suggested that banks and financial institutions should be encouraged and supported to carry out mortgage loans for intangible assets such as non proprietary technology and equity of industrial property, to carry out financing operations for SME services such as financing leasing, corporate finance and account trusteeship, and to encourage private capital to participate in local regional SME financial institutions,　　We should vigorously develop the development of micro-loan companies and village banks. In addition, he suggested that more qualified SMEs can be listed, expand the size of SME boards, and encourage all types of venture capital institutions to increase investment in SMEs.