中小企业融资难外文翻译.pdf

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1、-Sme financing problems related to the analysis First smalland medium-sized enterprises financing status Reformandopeningupchinafor30yearsofsmallandmedium-sized enterprises obtained arapid developmentofenterprises99ofthesmallandmedium-sizedenterprises of our countrymore than 60 GDP contributiontax o

2、ver 50 provides 70 of import and export trade and80of urban jobs.Small and medium-sized enterprises in ourcountryisalsoanimportantpowerofindependentinnovation 66 of invention patent 82 of new productdevelopment of smalland medium-sized enterprises fromsmall and medium-sized enterprises has become th

3、eeconomicprosperityexpandingemploymentadjustingstructurepromoteinnovationandnewindustriesofimportant strength.From 80 years since the outbreak ofthe international financial crisis the implementation ofthepositive fiscal policy and loser monetary policy but nosmall and medium-sized enterprisesfrom th

4、e proactivefiscal policy and moderate looser monetary policy benefitdirectly for instanceof the new 2008 225 million smallloan only more than previous year but rose 1.4 onlytheloans increased 14.9 09 year three months of national-.-考试资料-credit increased 48 trillion includingloans to small andmedium-

5、sized enterprises increased amount only less than5.Currentloanfinancingdifficulthasbecomethebottleneckofrestrictingthedevelopmentofsmallandmedium-sized enterprises and small and medium-sizedenterprise production and managementfaced difficultiesaccording to the state statistical bureau of statistics

6、andletter until the and of2008 in the small and medium-sizedenterprises of production or collapse closed accountsforabout 7.5the urban employment this situation is notonlymoredifficulteconomicrecoveryinfluenceanddirectly affect the growth and development of peopleslivelihood stable target.Inthis sen

7、se the internationalfinancial crisis under the impact of Chinas economy couldnot reallylow the key is out of small and medium-sizedenterprises vitality can be fully recovered.Second thesme financing reason analysis Sme loans and financing is acosmopolitanshouldsayseebothfromChinaandmechanismofmedium

8、andsmallandmedium-sizedenterprises there are three main reasons:first themediumandsmallandmedium-sizedenterprisessmallandmedium-sized enterprises generallyweak awareness of-.-考试资料-honesty similar to a few of the common phenomenon mayreport on tax onsome less ugly statements in Banks thisintersection

9、 some may form good-looking such loanspointis reliable became a problem.But this approach is veryadverse instead of enterprises thedevelopment of smalland medium-sized enterprises are not healthy we imagineif severaldepartments with all those together the first thisenterprise is not sincere he will

10、have a foothold.Wemanufactureandexport-orientedsmesinhumanresources technology capital marketenvironment facedfinancialcrisistherewasahugepressurethedevelopment of it is the rootcause of the scientific andtechnological content of the enterprise the innovationability of highenough to enter the market

11、 is weak the lowthresholdthefiercecompetitioninthemarketwillincrease these are not good for the development ofsmall and medium-sized enterprises.Secondfrom thebankforsmallandmedium-sizedenterprisecreditconditions stricter because we aremost Bands it is alsoconsidered commercial bank the risk of thei

12、r own profits.To the end of2008 the small bad loans is higher than thatoftheentirebankingindustryrelieslowcome-.-考试资料-mampasolving some problems bur the loans of the smalland medium-sized enterprises like a bigproblem oncecountries will still enterprises especially those smallproblems once thebankru

13、ptcy nobody tube so the loanquality cannot guaranteed so in this management systemtoreduce the risks the bank will demand of small andmedium-sized enterprises in providing enoughafter pawndare loan.Another bank from the operation cost of smalland medium-sized enterprisesdo loans will pay moremanpowe

14、r so also does not want to extend loans to smallandmedium-sized enterprises A bank operating costs thehalf is labor cost small and medium-sizedenterprisesespecially do small very high labor workload but it is thebenefitofdifferenttimes.Thirdthesmefinancingchannel is too narrow and small and medium-s

15、izedenterprises in thecapital markets have direct financingways of securities market including small plate andgemAnd private equity funds industrial investment fundsventure investment funds risk investmentfunds and thebond market etc.But since the sept.25 2008 the smallplate market securitiesissued

16、after huachang chemicaland closed the door just recently IPO to restart the IPO.-.-考试资料-But gemis“ten years”good sword people until now onlybe vivivdly portrayed.Although with gemlisting conditionsbut a lot of small and medium-sized enterprises tofinancing for manyenterprises it is still a luxury.In

17、overseas small and medium-sized enterprises in theprocess ofgrowing only rely on bank loan financing manytimes is a venture investment risk or the help ofsmall andmedium-sized enterprises in China however can grow inthe basic of financingShenzhen has 3000 venture companywith a registered capital of

18、6000 billion but no companyiswilling to startup investment enterprise.The company ismore mature can the fancy of thesecurities market andgem.Third the sme financing difficulty in solving theproblem a From the Angle of the government 1.Thegovernment should relax market access control reducingbarriers

19、 let more smallerBands small and medium-sizedenterprises in service for the strategic positioning ogthose smallBanks to bitter fleabane bitter fleabane.Dynamic development Now China is probably more thanahundred villages and towns of the bank bank establishedto improve the bottleneck of theeconomic

20、investmentcounty including improving agriculture development of-.-考试资料-small andmedium-sized enterprises and support will playa very important role.For existing fivestate-owned Banks.Should be encouraged to develop their own businesses forthe financing of thespecialized agencies relax its hasbranche

21、s and encourage them in the land and countytownshipeven closer to provide financial services andmore convenient.2.The government should help Banks toestablishacreditsystemfurtherreducingtheirinformation cost in our country the central banksince1998enterprisecreditsystemconstructionwasstarted by the

22、specialized agencies collection and storagesorting analysis and use ofenterprise credit information toguard against credit risks maintain stable financial markerIn2006 the central bank and small and medium-sizedenterprises credit system to establish the creditsystemhope to cover those and financial

23、institutions have nocredit relations of small andmedium-sized enterprises.Ofcourse the credit system is not only by the governmentand nowhas some network company for example try to uselabara.Com in online transaction informationinto smalland medium-sized enterprises credit index the index ofcredit i

24、f out of the bank tofurther reduce the cost of-.-考试资料-information.3.The government should several of bankrisk compensation the local interest riskcompensationmechanism and policy just compensation fund is to solvethe sme financing wayand cannot be fundamentallysolved.As to the end fujian province of

25、 bad loans is smallloans6071 but the average level of banking is a twopercent while a few risk compensation just to0.8 percentonly a small part So many of bank risk compensation.Asall of the loans to smalland medium-sized enterprisesthen according to the bank loans reduce its tax businesstaxincome t

26、ax reduction Countries can help enterprises toimprove bank interest risk and return Ifthe loan losses thegovernment formed by risk compensation fund to patchupitthismakesbifbusinessloansandsmallandmedium-sized enterprises loan to achieve the balance isthebasicyields.4.Thegovernmentshouldactivelyprom

27、ote the multi-level capital market system in ordertobetter satisfy all kinds of small and medium-sizedenterprises include the financing needs ofenterprise.Different types of small and medium-sized enterprises thedevelopment stage isendless and same determines thesme financing needs is not the same S

28、o small and-.-考试资料-medium-sizedenterprisesgroupsofdifferentiationdetermines the diversified financing needs then satisfysmefinancing demand also needs the various forms offinancing mode such as bank loans bondsequity financingetc.200to 4 years in Shenzhen stock exchange mediumplatefoundedbupromoting

29、capitaltechnologymanagement and the effective factors of high quality ascultivatingboardalsotopromotetheupgradingofindustrial structure is playing a positive role.In October2009 gem officially launched.Founded board will provideforindependentinnovationpromotingeffectivesupervisionmechanismofsmalland

30、medium-sizedenterprises inthe new development stage.But for morethan for small and medium-sized enterprises are listedtosolve this kind of condition enterprises equity financingstock transfer to a valid theover-the-counter marker In2006 China launched fei joint-stock company listing fortrading ofsec

31、urities companies entering the pilot workBesides the government should vigorously promotethedevelopment of the bond market bond financing for smalland medium enterprises to providemore convenient in thedevelopedcountriesthebondmarketisthemain-.-考试资料-financing financing inthe United States for exampl

32、e 2008the company bonds is circulation stock circulation of 5timeswith the United States Europe and other countriesandregionsinthebondmarketalsohasthebigdevelopment space.b From the bank angleIf rely onthe existing in the banking financial products and smeloans to solve the difficulty infinancing sm

33、es is impossiblewe cannot change the present situation of small andmedium-sizedenterprises so we would change our bankcredit financial innovation is imminent.Currentlybankingis through the organization risk management technicalinnovationinnovationandsecuritycollateralproductinnovation so as to chang

34、e the status of financing for smes.1.Guarantee mortgage innovationCollateral shortage issmall and medium-sized enterprisebiggest soft rib theycould not buy a heap of the house and then prepare forsecurity it is notrealistic to high-tdch enterprise as thecore of assets should be their intellectual pr

35、operty righsthepatent righ and one on the market in technologycreative team is the blood to support itsdevelopment aswell as several pieces of the mortgaged property bur allneed money to lendbank The small and medium-sized-.-考试资料-enterprises such an jiangsu cooperatives experimentwidelywarehouse inv

36、entory impawn through a mortgageloanproductTianjingcoastalruralcommercialbankactively carry out enterprise sharehoulding pledge loan.benjing bank recently launchedintellectual property as apledge from the bank for a loan.2.Credit ratinginnovating Big Bnaks do business of time usually see abalance sh

37、eet anincome statement and a cash flowstatement small and medium-sized enterprises have eventhesthree tables are not high the bank information costszhejiang tyrone arisen commercial Banksthey look forinnovative water meter customs declaration form largelarge reduce cost still canmake small loans to

38、earn enoughmoney.Like Shenzhen development bank by focusing ontheirOpponents credit transaction the authenticity of theenterprise chooses a new of enterprisescredit rating.Forenterprises in the ctedit rating method for enterprisesitself the credit ratingweight only 15.Pay more attentiontotheauthenti

39、cityofthetradingcounterpartyanddownstream of the raw material supply semi-finishedproducts or services or transportation orlogistics can beeasier to choose good credit are true of the enterprise-.-考试资料-trade background to provideenough good service mobilizevariousfinancialtoolsin theprocessof enterp

40、risedevelopmentshenfazhanalsocreatedtheprofits.3.Business process innovation.Our country commercialbank the bank is mostly official inthe house wait for a loanto customers approval for a month three months such akindofmanagementsuchanexaminationresultisimpossible to small and medium-sized enterprise

41、financialservicesitisimpossibletoimprovethefinancingdifficulties of small and medium-sizedenterprises.Banksto reduce threshold the other is to simplify the processreduce link establishexamination mechanism so as toadapt to the credit factory.The bank is factory smallandmedium-sized enterprises is ra

42、w material into the lineafter the marketing sales and service withapproval andcustomer maintenance and post-loan management obtainloans.But Banks are not aperson guard line and batchproduction.Through the way of examination and approvalproceduressimplified.Through this process to make surethat the s

43、mes credit approval from the cycle overthe past2 3 months shorten to 3 5 days now.4.Strengthening thetraining of personnel.After construction in mechanism to-.-考试资料-have a groupof people to do it and do it well it is tostrengthen the training of the staff further strengthenthesme small business loan

44、s and high-tech smes jobtraining and the loan of communicationincreasing theentire product rampd efforts with the strain of newincentive and restraint measures toprofessional team andthe new service.c From the Angle of enterprises 1Enternises should strengthen management improve quality.To correctly

45、 understand thesituation face establish therisk by management effectiveness and development ideamustpaymoreattentiontotechnicalinnovationtechnologicalinnovationpayattentiontothenewproductdevelopmentimprovequalityandbrandconstructionanddevelopmentofnewproductsimprovethe product quality improvement an

46、d win themarket.Reducingenergyearning.abilityconsumptionIncreasingreduce”toincreaseincreasingdevelopmentmarketproductsaccountsreceivable”two nbre accelerate the capitalturnover.Through the development way not only bytheexpansion of production of production but improve thequality of the industrial sector realizerapid growth.2.The-.-考试资料-enterprises should strengthen the construction of creditsystem.Establish the standardof management systemestablishshetransparentreliablestatementstheaccumulation ofenterprise credit system.-.-考试资料-