www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

Small not seen as so beautiful by banks

By Zheng Yangpeng | China Daily | Updated: 2013-05-27 05:32
Small not seen as so beautiful by banks

"This is a result of Minsheng's small and micro direction," Zhao Xin'an, an analyst with Northeast Securities, said. "Now it is taking the lead in this area and has many followers."

Small not seen as so beautiful by banks

As a latecomer, Minsheng had fewer resources than other big State-owned banks. It chose to establish its strength in sectors closely related to people's livelihoods, such as tea, stones and fishing. It asked its local branches to transform themselves into expert lenders in specific local industries.

One of the classic example came in 2012 when Minsheng signed an agreement with Inner Mongolian Yili Industrial Group Co, the country's largest milk manufacturer, providing credit to its more than 100 suppliers and 540 distributors across China. As Yili owns detailed information of its suppliers and distributors, Minsheng could offer loans to them with interest rates just half those of ordinary loans.

Hardly felt gains

Contrary to Chinese bankers' enthusiasm and product innovations, China's small and micro enterprises still feel bank loans are a challenge for them.

Li Guoru, chairman of Dongguan Anwell Digital Machinery Co, said last month he heard that the banks had lowered their loan thresholds for small companies like his business. But a further inquiry disappointed him. Although the nominal cost of bank loans is not as high as small loans from other companies, the actual cost of a bank loan is higher if one takes into account the handling charges, guarantee fees and required deposit.

Li's experience is a common complaint among small and micro firms and was echoed in a study led by Ba of the Development Research Center under the State Council. The study, based on a survey of 1,000 small and micro enterprises across China, found that 31.8 percent of SMEs considered bank loans as the most expensive means of financing, compared with 27.1 percent for small loan companies.

Other difficulties reported by SMEs, according to the study, included long waiting periods for loans to arrive (45.8 percent), an inability to provide sufficient collateral or guarantees (41.1 percent) and an inability to provide professional financial statements (31.3 percent).

"In the conference (on service innovation for small and medium-sized enterprises), I heard people from the Agricultural Bank of China saying they issued around 40,000 loans last year. But considering ABC has about 20,000 branches across China and many of them are in the countryside, each branch actually only issued two loans annually," said Liu Ying, an economics professor at Tsinghua University who participated in the conference.

"How can you expect the formal-suited officers in these banks to deal with, say, a farmer who wants to borrow money to buy a new machine?" Wu asked.

Ba said SME loan requests were characterized by short lending terms, small amounts, high frequency and hasty needs. However, applying for a loan from banks is a long and complicated process, which puts off most SME owners who are in need of a quick loan.

In consequence, SMEs often seek financing from family members and friends - as many as 24.3 percent of micro enterprises and 7.5 percent of small enterprises, according to Ba's study.

A compelling survey result is that although 66.7 percent of SMEs regard bank loans as a primary financing measure, 62.1 percent of them have never had a bank loan.

The difficulty is compounded by a structural gap between what financial institutions offer and what SMEs really need. One-third of SMEs need medium- and long-term loans to upgrade their equipment or invest in new products, the survey found, yet 63.3 percent of loans they got were short-term, less than a year.

"This stands in conflict with the fact that, driven by fiercer competition, 39.3 percent of SMEs have considered improving their product quality, 43.9 percent of SMEs have considered extending their product chain and 27.7 percent have considered upgrading their technology," said Ba.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 香蕉超级碰碰碰97视频在线观看 | 亚洲精品视频观看 | 国产亚洲精品一区二区在线观看 | 成人高清 | 亚洲一级特黄特黄的大片 | 亚洲理论片在线观看 | 福利社在线 | 一本综合久久国产二区 | 久久www免费人成_看片高清 | 久草久视频 | 丁香狠狠色婷婷久久综合 | 亚洲一区视频在线播放 | 黄网站免费在线 | 国产看片一区二区三区 | 亚洲一区免费在线 | 亚洲国产欧美在线人成精品一区二区 | 97久久精品国产精品青草 | 国产精品爽爽va在线观看无码 | 精品日韩在线视频一区二区三区 | 欧美高清视频在线观看 | www.av免费| 三级精品| 国产精品久久久久久久午夜片 | pgone太大了兽王免费视频 | 亚洲最新在线视频 | 国产综合在线视频 | 一本色道久久88亚洲精品综合 | 岛国片欧美一级毛片 | 超级碰碰碰视频视频在线视频 | 久久99精品久久久久久久不卡 | 日韩欧美国产精品 | 欧美一级毛片无遮挡 | 99国产精品久久久久久久成人热 | 欧美日韩亚洲一区二区三区 | 国产精品久久久久久网站 | 91年精品国产福利线观看久久 | 牛牛a级毛片在线播放 | 18视频免费网址在线观看 | 精品久久香蕉国产线看观看亚洲 | 日本天堂网在线观看 | 亚洲网站一区 |