Development and Reform Commission Ou Qian, deputy director of Industry on June 10, said through financial institutions and relevant government agencies to work together, the problem of financing of SMEs in China now eased. In the future, China will rely on innovative financial institutions to further address the problem of financing SMEs.
Four steps to ease the financing difficulties
Ou of the State Council Information Office held a press conference that the SME Promotion Law and the State Council on Encouraging, Supporting and guiding non-public economic development of the documents released, the People's Bank, China Banking Regulatory Commission, State Development banks, China Construction Bank, Industrial and Commercial Bank of China, Agricultural Bank, Bank of research, exploration and pilot work, provide financing services to SMEs as an important task.
First, commercial banks and state policy banks have set up the SME Credit, innovative financial products, increasing the proportion of credit.
Second, in recent years, China has also expanded its direct financing channels. Ou said that in the past, financing of small and medium enterprises can not be listed. In the positive efforts of all parties concerned, China has opened the SME market financing, equity financing, debt financing, equity transactions, venture capital, venture capital and other direct financing channels. So far, 136 small and medium enterprises in the Shenzhen Stock Exchange. At the same time, China encourages the development of an investment company for small and medium enterprises, and actively promote the pawn, financial leasing and other financing to ease the problem of financing difficulties.
Third, China has also actively building a multi-level SME credit guarantee system. End of last year, the National SME credit guarantee institutions guarantee funds have been raised 123.2 billion yuan, total security company 380 000, guarantees totaled 800 billion yuan.
Fourth, China is vigorously promoting the SME credit system. Impact of inadequate or lack of credit is an important factor in corporate finance capabilities, so our focus to establish an enterprise credit registration, credit information collection, credit rating and credit information release as the main content of SME credit system.
Huge potential for development of direct financing
However, relative to private enterprises and SMEs, the huge demand for financial services, the services of financial institutions is still a serious shortage of supply. Ou pointed out that the China Banking Regulatory Commission, development banks, China Construction Bank, Industrial and Commercial Bank of China for there are many some of the major banks, are currently in the financing of SMEs as an important task to continue to study, explore and conduct pilot projects, the next step in addition to more effective measures to continue to promote the outside, but also more innovative ways to further address the problem of financing SMEs.
Learned in recent years with the increase in direct financing channels for private enterprises to bank loans is no longer the only sources of financing, in fact, in Europe and the United States and other countries, the proportion of direct financing by enterprises generally account for more than 70% In this regard there is great potential in China and financial innovation space.
5 percent state tax revenue from the contribution of SMEs
Present, China has reached 42 million small and medium enterprises (including individual industrial and commercial households), accounting for more than 99% of total number of enterprises to become China's economic and social development in an important force.
National Development and Reform Commission Ou Qian, deputy director of the State Council Information Office yesterday in a press conference that China's SMEs to achieve rapid, healthy and sustainable development, increasing contribution to economic growth. "15" period, the economy should grow by 9.5%, while small and medium scale industrial enterprises increased by 28% of the annual added value. Currently, SME products and services to create the ultimate value of the gross domestic product equivalent to 60% of total tax revenue for the state tax paid about 50%.
Ou said that SMEs become the main channel for expanding employment, providing more than 75% of urban jobs.
It is, at present, SMEs completed 65% of invention patents in China and 80% of new product development. Many SMEs have been from the early processing, trade and other fields, to infrastructure, high technology and other areas, some areas, the formation of the industrial cluster of SMEs to continuously promote the optimization and upgrading of industrial structure.
Ou said that SMEs are also constantly improving the level of opening. According to statistics, the SMEs in the clothing, textiles, toys and other household goods and light industry products, such as the export of labor-intensive products account for a large proportion; in the electronic communications equipment products, biotechnology and other high-tech fields, is also gradually increase the proportion of SME exports .
She said the development of SMEs, there are some difficulties and problems, such as imperfect policy system, corporate financing difficulties, and other social services system is not perfect. In response, the State Council attached great importance to the State Development and Reform Commission is now working with relevant departments to further study and solve the problems in the development of SMEs, to implement the policy measures to promote sound and rapid development of SMEs.
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