Jiaxing Textile Leather Financing Difficulties

Small and medium-sized enterprises and Jiaxing, a developed market economy, are experiencing a cold winter.

Financing is one of the main reasons.

According to the statistics of Jiaxing Municipal Bureau of statistics, in the first half of this year, there were 1564 large scale enterprises in Jiaxing, basically small and medium-sized enterprises, and the number of deficit enterprises increased by 17.24% over the same period. The amount of losses was as high as 1 billion 180 million yuan, and the deficit increased by 25.78% over the same period last year.

Among these three traditional industries, textiles, clothing and leather, they bear the brunt, with losses exceeding 500 million yuan, accounting for 42.4%.

Enterprises that shut down or were in semi shutdown state accounted for 1.9% of the enterprises above Designated Size, of which the traditional light industry accounted for the majority.

Enterprises dare not lend, banks dare not put "(financing) is really too difficult," Jiaxing City Vietnam dragon Jacquard Weaving Co., Ltd. Ma told reporters, "you ask me how to survive, I can only say that we are tightening our belts to live."

Wang Ju, the biggest sweater trading center in North Zhejiang, Pu Yuan woolen sweater market, has done 14 years sweater business. He also poured water to reporters: "from last year to now, I have already laid off 1/3 employees.

As this situation develops, I have to cut 100 more people next year. "

SMEs are short of funds, but financial institutions are unwilling to lend them loans.

Lu Weicai, general manager of Hengfeng Guarantee Corporation in Jiaxing, told reporters: "the situation is not good this year. We guarantee small and medium-sized enterprises very little. Basically, they are old customers.

Although the credit quota is increased, banks will not expand their support for SME loans. "

"What's the use of raising loan quota?

The problem now is that they do not dare to lend themselves because they are afraid that they will not be able to afford it.

Lu Weicai believes that small and medium enterprises loans in addition to the principal and interest, but also to pay 2 guarantees to 3 per thousand guarantees, so that the repayment is very laborious.

Local commercial banks are also not interested in new rules for raising loan quotas.

Mr. Chen, manager of the business department of Hecheng rural cooperative bank in Jiaxing, told reporters: "as of the end of June this year, we have granted loans to 1193 SMEs in the city totaling 1 billion 300 million yuan, accounting for nearly 20% of our total loans, which basically met their financing needs."

It is understood that the bank now has a loan balance of about 250 million yuan.

There are still 3 months in this year. Is this quota enough for small and medium enterprises?

Chen said: "many of our customers are now shrinking the scale of production, only to maintain capital requirements, the amount of money needed is very small."

Although the policy is good, it may be counter productive. "I feel that the national policy is too dense."

Mr. Li, a financial manager of an import and export company, told reporters that since August 1st, the export rebate rate of some textiles and clothing has increased from 11% to 13%. In August 6th, the central bank also raised the credit scale of commercial banks 5%~10%.

"Policies must be good, but they may not solve the practical problems of SMEs.

"Too dense to launch, it is easy to produce side effects."

For example, raising the export rebate rate of 2% will bring benefits in the short run.

But foreign customers will make corresponding adjustments, so that our profits will return to normal level.

The small loan companies that have emerged in Jiaxing seem to have seen hope for small and medium-sized enterprises.

Unlike other counties and cities, in the pilot work of small loan companies, the Jiaxing branch of the people's Bank of China played the role of "taking the lead".

The reporter was surprised to find that both the Jiaxing economic and Trade Commission and the municipal government economic and trade department were also members of the leading group of the pilot work. They did not know anything about the small loan company. They explained with one voice: "it has been the operation of the Jiaxing branch of the people's Bank of China, and we have not participated in it."

The reporter contacted Jiaxing Guo Hao investment Company limited by guarantee before applying for a small loan company, but the news was that it had already withdrawn.

Zhu Jianfang, general manager of the company, said: "it's not convenient for me to quit."

A business owner, who does not want to be named, said that the small loan companies in Jiaxing are the biggest companies in the counties and cities. They actually have large loans in major banks, and banks are unwilling to lend money to small and medium-sized enterprises. In this way, the small loan companies may become the second setters of the banks -- loans from banks and loans to SMEs at higher interest rates.

If this is the case, it is likely that SMEs will really get loans.

Guo Tianyong, director of the China banking research center of Central University of Finance and Economics, said: "whether there is a bank loan in the capital of a small loan company is really not easy to distinguish.

This requires strict supervision by regulators in the early stage of admittance, eliminating the low interest loans from banks and the speculative lending of high interest loans from small loan companies.