| tly, the CBRC issued the "small loan company | | | | Shengze, warehouse receipts in exchange platform |
| restructuring Provisional Regulations on the | | | | to launch businesses pledge. For such loans, Fudan |
| establishment of village banks", thus, the | | | | University, Shanghai Logistics Research Institute ZHU |
| establishment of more than 3 years and the last 2 | | | | Dao that cluster corporate finance, corporate credit |
| consecutive profitable small loan companies may be | | | | default correlation is often large, fixed homogeneous |
| transformed into Village Bank. | | | | strong closure of the realizable value if they are low |
| This means that in 2008 began a large scale pilot of | | | | risks. "Therefore, the traditional mode of financing |
| the small loan company, is expected in two to three | | | | secured by real property is not suitable for cluster |
| years, from the credit not only to keep the loan | | | | SME financing, Chattel Mortgage, you can better |
| company (nature of business enterprises), | | | | control risk." ZHU Dao said. |
| "regularization" for financial institutions. It is | | | | "The small loan companies are likely to village banks, |
| understood, is now opened 583 small loan companies | | | | means that their future access to financial license." |
| did not meet the terms for. The small loan companies | | | | Rural Development Institute Chinese Academy of |
| to give a clear channel for conversion is intended to | | | | Social Du Xiaoshan, deputy director, said, |
| regulate the direction of small loan company. | | | | "Microfinance is a special product of the context, its |
| In 2008, small loan companies in the country areas | | | | 'not only keep credit' of the limit itself exists |
| are a large number of textile industry cluster. These | | | | drawbacks, the South can be a lot of small loan |
| companies are mostly local formation of large-scale | | | | companies money lending, face 'famished' case |
| textile and garment enterprises take the lead. Now, | | | | illustrates the point. In a sense, access to finance not |
| these are expected to "regularization" of private | | | | only the license State support for rural finance, small |
| capital but also to remain in the "winter" in the small | | | | loan companies are also developing their own survival |
| and medium textile enterprises how much hope? | | | | and the inevitable. " |
| Textile Enterprises to Solve Pressing | | | | With the "regularization" of hope, the small loan |
| "The textile industry is difficult not happen overnight | | | | companies have more momentum in the difficulties |
| loans, as the industry average profit margin is low, | | | | for small and medium textile enterprises, it is |
| less than 3%." Wuxi Jiangyin a business official told | | | | undoubtedly good news. |
| reporters that, in addition to a very small number of | | | | Textile Enterprises Not Touch Raw Nerve |
| listed companies and local support of the backbone | | | | According to regulations, small loan company's |
| enterprises, 90% of the textile business loans hard to | | | | registered capital ceiling is 200 million yuan. "Although |
| . Tension in the capital of these enterprises, the main | | | | small loan companies can to some extent alleviate |
| lending by large enterprises. "The textile industry loan | | | | the problem of a shortage of funds business, but as |
| interest only a few points, but even in the real | | | | a form of private capital concentration, small loan |
| estate downturn are also a dozen points, the banks | | | | company funds are limited, can benefit from the |
| tend to the latter course. Microcredit Company, which | | | | enterprise will not be too wide." Industry experts |
| is higher interest on loans than banks, but that is a | | | | pointed out that small loan companies because the |
| legitimate loan channel, possible solutions to the | | | | investment enterprises are the strength of the local |
| urgent needs of enterprises. " | | | | influential enterprises, owners of local businesses to |
| In addition to simplifying lending procedures to reduce | | | | grasp the situation very clearly. "For a considerable |
| the time loans, small loan companies, another benefit | | | | part of the much-needed capital but weak foundation |
| is that collateral in various forms. Wujiang Silk Group | | | | of enterprises, as a greater risk, small loan company |
| Co., Ltd. such as the Joint Branch of CITIC Bank | | | | apparently does not easily lend them the money. |