since the beginning of this year, the state council and the financial regulatory authorities have issued a number of documents aimed at further boosting financial support for the real economy and reducing financing costs for small and micro businesses and private enterprises. in the recent policy briefing of the state council, zhu shumin, vice chairman of the circ, said that he would supervise and encourage banking financial institutions to play the role of the main channel of indirect financing from multiple aspects, continuously improve the credit supply to small and micro enterprises, and promote the overall financing cost of small and micro enterprises to decrease.
according to a recent survey conducted by a reporter from the economic information daily in many places, local governments are implementing relevant policies in line with local conditions. jiangsu, zhejiang, fujian and other local governments and local banking and insurance regulatory bureaus have offered practical measures, including setting up an internet platform to solve the information asymmetry between banks and enterprises, setting up joint consultation and assistance mechanism to promote inter-bank information sharing, and establishing a monitoring and evaluation system to accurately guide financial institutions' capital flow to small and micro enterprises and private enterprises.
build a platform to break down information barriers
small and micro enterprises and private enterprises face financing difficulties, partly because banks do not understand the financing needs of these enterprises, not to mention their real operating conditions and credit levels. the general office of the communist party of china central committee and the general office of the state council previously issued several opinions on strengthening private enterprises in financial services, which clearly stated that the construction of financing service infrastructure should be strengthened, and efforts should be made to crack the information asymmetry and insufficient credit of private enterprises.
the reporter of economic information daily learned in the interview that improving and optimizing the information connection mechanism between financial institutions and private enterprises has become an important starting point for many local governments to solve the financing problems of small and micro enterprises and private enterprises.
it is understood that suzhou city has built a comprehensive financial service platform that provides all-round services for small and micro enterprises, so as to get through the "obstruction" between the capital of financial institutions and the financing needs of enterprises. suzhou bank is responsible for the implementation of the platform system. according to wang lanfeng, chairman of suzhou bank, the platform makes full use of the internet and big data technology and adopts the service mode of "online offline". among them, the online mode provides enterprises with a channel to release financing demands, which enables financial institutions to quickly obtain the information of enterprises' financing demands and start the connection. it also provides financial institutions with a channel to release relevant financial products, so that enterprises can easily search for financial products that meet their needs.
data shows that there are currently 61 financial institutions in suzhou integrated financial service platform. as of march 2019, the platform has solved a total of 37,615 financing needs with an amount of about 583 billion yuan, with a resolution rate of 84.31% and 97.04% respectively. among the financing needs solved by the platform, 2,122 enterprises obtained about 12.8 billion yuan of "first loan" funds.
to break the barriers to information, suzhou also integrate relevant government departments information resources, for a comprehensive financial service platform established suzhou local enterprises credit reporting system, from the identification of enterprise repayment willingness and repayment ability, the development trend of three dimensions, the implementation of industry and commerce, taxation, customs, electricity, etc. 72 government departments, public institutions of information between normalized collection, query and update.
it is worth noting that, in view of the phenomenon that banks do not know enough about enterprises due to the information asymmetry between banks and enterprises, and even blindly withdraw loans when enterprises are facing risks, taizhou branch of banking and insurance supervision bureau established the joint consultation assistance mechanism to promote information sharing among banks and collective consultation, and scientifically identify the status of enterprises. "on the one hand, we need to make banks step in step, fully understand the state of business, and strengthen confidence in credit support. on the other hand, let enterprises restrain the behavior of 'excessive investment, excessive credit granting and excessive guarantee' through consultation. at present, taizhou has established a joint consultation mechanism for 36 enterprises with a total credit amount of over 1 billion yuan, and has made great achievements in helping some enterprises by category. cao guangqun, secretary of the party committee of taizhou branch of bank and insurance supervision bureau.
multiple paths to reduce small and micro financing costs
the reporter discovers in the interview, in order to effectively reduce the small micro enterprise financing costs, more government and local regulators to explore a variety of ways, including by establishing financing guarantee fund, loan risk compensatory special funds, guide the funds or credit guarantee fund, perfect the system of local credit, and increase the scale of small and medium-sized bank credit funds.
take suzhou as an example, the relevant person in charge of suzhou local financial supervision bureau and suzhou branch of bank and insurance supervision bureau told the reporter that suzhou established a 1 billion yuan credit guarantee fund to share risks with banks and guarantee companies (insurance companies) at a ratio of 65:20 to 15, and encouraged banks to issue pure credit loans of less than 5 million yuan. at the same time, suzhou has also established a credit risk hedge fund pool, which rewards the credit loans under 5 million yuan per single household issued by banks at an annual rate of 5% of the total amount of new loans, and rewards are used to hedge risks and make up for losses. in addition, suzhou also set up the first stage of 100 million yuan of investment linkage guidance fund, to help enterprises obtain debt and equity linkage financing.
in fact, nationwide, many localities have made the establishment of policy-based financing guarantee funds one of their priorities this year. tianjin proposed to set up a 5 billion yuan financing guarantee development fund. hubei province proposed to raise 10 billion yuan of guarantee and re-guarantee funds to better leverage the role of government guiding funds. hainan province has also proposed to set up key industrial investment and development, financing guarantee for small, medium and micro enterprises and enterprise rescue funds to rebuild the financing guarantee system.
"financing guarantee is an important means to promote the financing of small and micro enterprises and private enterprises. the reason why commercial banks are not willing to lend to small and micro enterprises and private enterprises is that they have relatively high objective risks. for such high-risk customers, they need a third party, especially policy-based financial institutions, to share their risks." zeng gang, deputy director of the national laboratory of finance and development of the chinese academy of social sciences, told economic information daily.
it is understood that in the lower small micro enterprise and private enterprise financing costs, taizhou silver protects inspect bureau is to promote national development bank, export-import bank, agricultural development banks and small and medium-sized corporate cooperation, plans to add 2019 bond-and-loan 6 billion yuan, for small and medium-sized corporate bank provides a stable source of funds, on the one hand, the prevention and control of liquidity risk, on the other hand also through the policy banks channel funds to small micro enterprises.
establish a monitoring system to guide the flow of funds
previously, relevant documents issued by the china banking and insurance regulatory commission all proposed that banks should further improve the performance appraisal system, strengthen the loan due diligence exemption and fault-tolerant correction mechanism, so as to further increase the power of banks to serve the real economy. the reporter also learned from the interviews in many places that the local banking and insurance regulatory bureaus have established the corresponding financing monitoring and evaluation system to guide the flow of funds to small and micro enterprises and private enterprises.
as a large province of private economy, private enterprises have been an important force to promote the economic and social development of fujian province. the fujian banking and insurance regulatory bureau has established a monitoring system for the quality and efficiency of banking services in the real economy, reporting the monitoring and evaluation on a quarterly basis. "in combination with the actual situation, we continue to improve the evaluation index, list the 'number of manufacturing credit customers',' small and micro loans' and other assessment indicators, guide banks to optimize the credit structure, increase credit to private enterprises, small and micro enterprises and manufacturing and other key areas, and actively help the province's industrial transformation and upgrading. fujian silver protects inspect bureau deputy director wang qizhen to express.
on this basis, fujian ningde bank and insurance supervision bureau formulated the "ningde banking financial institutions to help small and micro enterprises due diligence exemption industry convention (trial)" and "service small and micro enterprises due diligence exemption negative list", in order to stimulate financial institutions to serve the internal growth of the real economy and to draw a red line for practitioners.
under the guidance of supervision, banks are also improving their internal assessment and management mechanism. "we improve the fault tolerance error correction mechanism, clear in violation of state laws and regulations, external regulations, rules and regulations under the premise of prohibitions, bank business overall risk status does not exceed tolerance goals established by the headquarters, with fault tolerance, according to the related responsibility or accountability process remitted shall be given a lighter to reduce processing. if no violation problem or minor violation fact is found in the investigation, and such violation fact is not the main cause of bad project, due diligence shall be determined, and relevant personnel shall not be subject to disciplinary action, economic treatment or other measures. wang liangjie, president of industrial bank quanzhou branch, said that through the above institutional arrangements and the strict implementation of relevant systems, industrial bank quanzhou branch further solved the problem that small and micro account managers "dare not lend".
bank of jiangsu changzhou branch president jiang min also said that this year bank of jiangsu for private enterprises issued a special operation assessment indicators. in his opinion, price is a market behavior, the cost of capital obtained by different enterprises is different, and bank profits are gradually returning to the market average level. "as long as the client managers follow the rules and follow the procedures, even if there are risks, we are able to implement the exemption to a large extent. in recent years, the environment for the junior account managers in banks to do their due diligence is much better than in previous years." jiang min said.
source: economic information daily