中小企业融资难外文翻译

Sme financing problems related to the analysis First small and medium-sized enterprises financing status Reform and opening up china for 30 years of small and medium-sized enterprises obtained arapid development of enterprises 99 of the small and medium-sized enterprises of our countrymore than 60 GDP contribution tax over 50 provides 70 of import and export trade and80 of urban jobs. Small and medium-sized enterprises in our country is also an important powerof independent innovation 66 of invention patent 82 of new product development of smalland medium-sized enterprises from small and medium-sized enterprises has become the economicprosperity expanding employment adjusting structure promote innovation and new industriesof important strength. From 80 years since the outbreak of the international financial crisis the implementation ofthe positive fiscal policy and loser monetary policy but no small and medium-sized enterprisesfrom the proactive fiscal policy and moderate looser monetary policy benefit directly for instanceof the new 2008 225 million small loan only more than previous year but rose only theloans increased 09 year three months of national credit increased 48 trillion includingloans to small and medium-sized enterprises increased amount only less than 5 .Current loanfinancingdifficult has become the bottleneck of restricting the development of small andmedium-sized enterprises and smalland medium-sized enterprise production and managementfaced difficulties according to the state statisticalbureau of statistics and letter until the and of2008 in the small and medium-sized enterprises of production or collapse closedaccounts forabouturbanemploymentthissituationisnotonlymoredifficulteconomic recoveryinfluence anddirectlyaffect the growth and development of people s livelihood stabletarget .Inthissense the international financialcrisis undertheimpact of China s economy could not reallylow the key is out ofsmallandmedium-sizedenterprisesvitalitycan befullyrecovered. Second the sme financing reason analysis Sme loans and financing is a cosmopolitan should say see both from Chinaand mechanismof medium and small and medium-sized enterprises there are three main reasons: first themedium and small and medium-sized enterprises small and medium-sized enterprises generallyweak awareness of honesty similar to a few of the common phenomenon may report on tax onsome less ugly statements in Banks this intersection some may form good-looking such loanspoint is reliable became a problem. But this approach is very adverse instead of enterprisesthedevelopment of small and medium-sized enterprises are not healthy we imagine if severaldepartments with all those together the first this enterprise is not sincere he will have a manufacture and export-oriented smes in human resources technology capital marketenvironment faced financial crisis there was a huge pressure the development of it is the rootcause of the scientific and technological content of the enterprise the innovation ability of highenough to enter the market is weak the low threshold the fierce competition in the market willincrease these are not good for the development of small and medium-sized enterprises. Secondfrom the bank for small and medium-sized enterprise credit conditions stricter because we aremost Bands it is also considered commercial bank the risk of their own profits. To the end of2008 the small bad loans is higher than that of the entire banking industry relies low come mampasolving some problems bur the loans of the small and medium-sized enterprises like a bigproblem once countries will still enterprises especially those small problems once thebankruptcy nobody tube so the loan quality cannot guaranteed so in this management system toreduce the risks the bank will demand of small and medium-sized enterprises in providing enoughafter pawn dare loan. Another bank from theoperation cost of small andmedium-sized enterprisesdo loanswill pay more manpower so also does not want to extend loansto small andmedium-sized enterprises A bank operating coststhe half is labor cost small and medium-sizedenterprisesespecially do small very high labor workload but it is the benefitof differentthe sme financing channel is too narrowandsmall and medium-sized enterprises in thecapital markets havedirect financing ways of securities market including small plateand gemAnd private equity funds industrial investment fundsventureinvestment funds risk investmentfundsand thebondmarketetc.But since the2008 the smallplate marketsecuritiesissued after huachang chemical and closed thedoorjust recently IPO to restart the IPO. But gemis“ ten yearssword peopleuntil now only be vivivdly portrayed. Althoughwith gemlisting conditions but a lot of small and medium-sized enterprises to financing for manyenterprises it is still a luxury. In overseas small and medium-sized enterprises in the process ofgrowing only rely on bank loan financing many times is a venture investment risk or the help ofsmall and medium-sized enterprises in China however can grow in the basic of financingShenzhen has 3000 venture company with a registered capital of 6000 billion but no company iswilling to startupinvestment enterprise. The company is more mature can thefancy of thesecurities market and gem. Third the sme financingdifficultyin solving the problema From theAngle of thegovernmentgovernment should relax market access controlreducingbarriersletmoresmallerBandssmallandmedium-sized enterprises in service for the strategic positioningog those smallBanks to bitter fleabane bitter fleabane. DynamicdevelopmentNowChina is probablymorethanahundredvillages and towns of the bank bank established to improve thebottleneckoftheeconomicinvestmentcountyincludingimproving agriculture development of small andmedium-sizedenterprises and supportwill play a very importantrole. Forexistingfivestate-ownedBanks. Shouldbeencouragedtodevelop their own businesses for the financing of thespecializedagencies relax its has branches and encourage them in the landand county townshipeven closer to provide financial servicesand moreconvenient.governmentshouldhelpBanks toestablish a credit system further reducing theirinformation costin our country the central bank since 1998 enterprise creditsystem constructionwasstartedby thespecialized agenciescollectionand storage sorting analysis and use ofenterprisecredit information to guard against credit risks maintain stablefinancial marker In2006 the central bank and small and medium-sized enterprises credit system to establish the creditsystem hope to cover those and financial institutions haveno credit relations of small andmedium-sized enterprises. Of course the credit system is not only by the government and nowhas some network company for example try to use labara. Com in online transaction informationinto small andmedium-sized enterprises credit index the index of credit if outof the bank tofurther reduce the cost of information. 3. The government should several of bank risk compensation the local interest riskcompensation mechanism and policy just compensation fund is to solve the sme financing wayand cannot be fundamentally solved. As to the end fujian province of badloans is small loans6071 but the average level of banking is a two percent while a few risk compensation just percent only a small part So many of bank risk compensation. As all of the loans to smalland medium-sized enterprises then according tothe bank loans reduce its tax business taxincome tax reduction Countries can help enterprises to improve bank interest risk and return Ifthe loan losses the government formed by risk compensation fund to patch up it this makes bifbusiness loans and small and medium-sized enterprises loan to achieve thebalance isthebasicyields.governmentshould activelypromote the multi-level capital market system in order tobettersatisfy all kinds of small and medium-sized enterprises includethe financingneeds ofenterprise.Different typesof small andmedium-sized enterprises the development stage isendless andsame determinesthe sme financingneeds is not thesame Sosmall and medium-sizedenterprisesgroupsof differentiationdetermines the diversified financing needs then satisfysmefinancing demand also needs the various forms of financingmodesuch as bankloans bondsequity financing4 years inShenzhen stock exchange medium plate founded bupromotingcapital technology management and the effective factors ofhigh quality as cultivatingboard also to promote the upgradingof industrial structure is playing a positive role. In October 2009gemofficiallylaunched.Foundedboardwillprovide forindependentinnovationpromotingeffectivesupervisionmechanism of small and medium-sized enterprises inthe newdevelopmentstage.But for more than for small andmedium-sized enterprises are listed tosolve this kind ofcondition enterprise s equity financing stock transfer to a validtheover-the-countermarker In 2006 China launched feijoint-stockcompanylisting for trading ofsecuritiescompaniesentering the pilot work Besides the government should vigorously promotethe development of the bond market bond financing for small and medium enterprises to providemore convenient in the developed countries the bond market is the main financing financing inthe United States for example 2008 the company bonds is circulation stock circulation of 5 timeswith the United States Europe and other countries and regions in the bond market also has the bigdevelopment space. b From the bank angleIf rely on the existing in the banking financial products and sme loans to solve the difficulty infinancing smes is impossible we cannot change the present situation of small and medium-sizedenterprises so we would change our bank credit financial innovation is imminent. Currentlybanking is through the organization risk management technical innovation innovation andsecurity collateral product innovation so as to change the status of financing for smes. 1. Guarantee mortgage innovation Collateral shortage is small and medium-sized enterprisebiggest soft rib they could not buy a heap of the house and then prepare for security it is notrealistic to high-tdch enterprise as the core of assets should be their intellectual property righs thepatent righ and one on the market in technology creative team is the blood to supportitsdevelopment as well as several pieces of the mortgaged property bur all need money to lendbank The small and medium-sized enterprises such an jiangsu cooperatives experiment widelywarehouse inventory impawn through a mortgage loan product Tianjing coastal rural commercialbank actively carry out enterprise sharehoulding pledge loan. benjing bank recently launchedintellectual property as a pledge from the bank for a loan. 2. Credit rating innovating Big Bnaks do business of time usually see a balance sheet anincome statement and a cash flow statement small and medium-sized enterprises have even thesthree tables are not high the bank information costs zhejiang tyrone arisen commercial Banksthey look for innovative water meter customs declaration form large large reduce cost still canmake small loans to earn enough money. Like Shenzhen development bank by focusing on theirOpponent credits transaction the authenticity of the enterprise chooses a new of enterprisescredit rating. For enterprises in the ctedit rating method for enterprises itself the credit ratingweight only 15. Pay more attention to the authenticity of the trading counterparty anddownstream of the raw material supply semi-finished products or services or transportation orlogistics can be easier to choose good creditare true of the enterprise trade background to provideenough good service mobilize various financial tools in the process of enterprise developmentshenfazhan also created the profits. 3. Business process innovation. Our country commercial bank the bank is mostly official inthe house wait for a loan to customers approval for a month three months such a kind ofmanagement such an examination result is impossible to small and medium-sized enterprisefinancial services it is impossible to improve the financing difficulties of small and medium-sizedenterprises. Banks to reduce threshold the other is to simplify the process reduce link establishexamination mechanism so as to adapt to the credit factory. The bank is factory small andmedium-sized enterprises is raw material into the line after the marketing sales and service withapproval and customer maintenance and post-loan management obtain loans. But Banks are not aperson guard line and batch production. Through the way of examination and approval proceduressimplified. Through this process to make sure that the smes credit approval from the cycle overthe past 2 3 months shorten to 3 5 days now. the training of personnel. After construction in mechanism to have a groupof people to do it and do it well it is to strengthen the training of the stafffurther strengthen thesme small business loans and high-tech smes job training and the loan of communicationincreasing the entire product rampd efforts with the strain of new incentive and restraint measures toprofessional team and the new service. c From the Angle of enterprises 1 Enternises should strengthen management improve quality. To correctly understand thesituation face establish the risk by management effectiveness and development idea must paymore attention to technical innovation technological innovation pay attention to the new productdevelopment improve quality and brand construction and development of new products improvethe product quality improvement and win the market. Reducing energy consumption to increaseincreasing earning. Increasingmarket development ability reduce ” products accountsreceivable two”nbre accelerate the capital turnover. Through the development way not only bythe expansion of production of production but improve the quality of the industrial sector realizerapid growth. 2. The enterprises should strengthen the construction of credit system. Establish the standardof management system establish she transparent reliable statements the accumulation ofenterprise credit system.