Small loan company to be positive for two years

Every reporter Wang Chunxia intern Zhang from Beijing Microfinance Company is finally expected to obtain the long-awaited banking licence.　　Yesterday, the CBRC issued the "Small loan company restructuring the establishment of village and township banks Interim provisions" (hereinafter referred to as "interim provisions"), clearly meet certain conditions of micro-loan companies can be restructured into village banks. "Interim provisions" proposed that the proposed restructuring of microfinance companies must meet the "new establishment after 3 years of business and more" this condition.　　The so-called "new establishment" means that in May last year, the People's Bank and the CBRC issued the "Pilot guidance on microfinance Companies," (hereinafter referred to as the "opinion") set up by the microfinance companies, which means that in the next two years will not appear in accordance with the conditions of the company. Small loan company Positive conditions Clear May 2008, "opinion" after the introduction of social capital very enthusiastic participation in which, the establishment of microfinance companies around the momentum is very rapid.　　According to incomplete statistics, as at the end of March 2009, the National Microfinance Company has opened 583, is the establishment of 573. It is not easy for a microfinance company to move to a village bank.　　"Interim provisions" clear, small loan company restructuring set up village and township Bank, in addition to meet the basic conditions of market access, especially banking financial institutions as the main initiator of the conditions, but also in the corporate governance, internal control, management and support services, such as the provision of certain requirements.　　The CBRC said that the main sponsor's request is mainly based on the following considerations: First, at this stage of China's credit system construction is not perfect, especially in the county under the vast rural areas, credit system construction is still in the initial stage, the second is the need to protect the interests of depositors. Other related conditions include: first, the corporate governance mechanism is perfect, internal control is sound. Second, according to the "opinion" after the new set up for 3 years and above; after checkup, no loss ledger, and the last 2 consecutive fiscal year continued to profit. Third, the asset risk classification is accurate, and the non-performing loan rate is less than 2%; Four is the asset should be based on loans, the last four quarters at the end of the total assets of the loan balance in principle is not less than 75%, and all the loans in the county and the last four quarters of the end of the agricultural loan balance accounted for the total loan balance of the proportion of not less than 60%.　　The balance of the bonded assets shall not exceed 10% of the total assets.　　Small loan companies: the high threshold of restructuring micro-finance companies are commercial institutions, it is the biggest difference with village and township Banks is that the former can only use their own funds to engage in lending business, the latter can open various types of banking business, including the absorption of public deposits. A senior banker told our correspondent yesterday that, judging from the policy of the interim regulations, such strict conditions of reform show that risk is the primary factor in the regulatory sector's consideration. "Village and township banks can enter interbank lending markets, and if microfinance companies are not tightly regulated institutions, it will be very sensitive to the bank's own funds, possibly to the general depositorsIt is a real risk to borrow money elsewhere. "In the final analysis, the risk is not easily transferred to the bank, which is a very important consideration of policy."　　"The Chairman of the board of the Zhejiang Fu Run group, president of the Zhuji Entrepreneur Association, and Chao Linzhong, a partner in a microfinance company, said that the threshold for a small loan company to be restructured into a village bank was a bit high. The regulator, he argues, is primarily concerned with risk avoidance. "I don't think we need to worry too much about risk, so long as the regulator is better managed and properly guided, the risk should be manageable." For the basis of good, standardized, excellent enterprises, I think can be gradually restructured into village banks. "Experts point of view reform difficulties: Small loan companies need to hand over the right to management" Du Xiaoshan, deputy director of the Institute of Rural Development, Cass, said that the main problem of the microfinance companies ' restructuring into village Banks is the division of Management rights. "After the reform, the village bank must be the bank and other formal financial institutions as the largest shareholder, and the original shareholders can only become small shareholders, there is a conflict of interest." "There will be a small number of companies that will be willing to be transformed into village banks," Du Xiaoshan, because the operators of many microfinance companies are unwilling to transfer management rights to financial institutions. "Microfinance companies are now in a dilemma. On the one hand, faced with financing difficulties, on the other hand, not willing to hand over management. In view of this, regulators have room for adjustment in policy.　　"Du Xiaoshan said. As for the financing of microfinance companies, Du Xiaoshan said that for qualified enterprises, the regulatory authorities should loosen the financing standards appropriately. For example, under current regulations, microfinance companies can integrate two of the following financial institutions into less than 50% of the registered capital, which can be raised to 100% or higher after the relaxation.　　Policy has been relaxed, but the purpose of serving "three agriculture" cannot be changed. Du Xiaoshan pointed out that there should be a positive incentive and restraint mechanism, in addition to the reporting system and publicity system.　　These systems can effectively prevent the credit risk of small loan companies and promote their restructuring into village banks. As for the ratio of financing to banks not exceeding 50%, the relevant head of CBRC believes that it is necessary and appropriate. "At present (microfinance companies) at the beginning of the pilot stage, the operating conditions still need time to test, if the proportion is not limited, it will transfer risk to the bank, will affect the sound development of the banking sector." "Micro-loan company restructuring conditions should have banking financial institutions as the main initiator." Lasts for 3 years and above, and has been continuously profitable in the last 2 accounting year. The non-performing loan rate is below 2%, and the loan loss preparation adequacy ratio is more than 130%. At the end of the last four quarters, the loan balance accounted for no less than 75% of the total assets balance. At the end of the last four quarters, the balance of agricultural loans accounted for no less than 60%. The balance of the bonded assets shall not exceed 10% of the total assets.