中小企业融资难外文翻译

1、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 G

2、DP 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 importsnt powerof independent innovation 66 of invention patent 82 of new product development of smalland medium-sized enterprises from small and mediu

3、m-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

4、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 trillio

5、n includingloans to small and medium-sized enterprises increased amount only less than 5 Current loanfinancing difficuIt has become the bottieneck of restricting the development of small andmedium-sized enterprises and smal1 and medium-sized enterprise produc tion and management faced difficulties a

6、ccording to the state statistical bureau of statistics and letter until the and of2008 in the small and medium-sized enterprises of production or collapse closed accounts forabout urban employment this situation is not only more difficuIt economic recoveryinfluence and directly affect the growth and

7、 development of people s livelihood stable target Inthis sense the international financial crisis under the impact of China s economy could not reallylow the key is out of small and medium-sized enterprises vitality can be fully recovered. Second the sme financing reason analysis Sme loans and finan

8、cing is a cosmopolitan should say see both from China and 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 commo

9、n 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 enterprises thedevelopment of small and medium-sized enterprises are not healthy we imagine if s

10、everaldepartments 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

11、 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 e

12、nterprise credit condit ions stricter because we aremost Bands it is also considered commercial bank the risk of t heir own prof its. 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 med

13、ium-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 sys tem to reduce the risks the bank wi 11 demand of small and medium-sized enterprises in providin

14、g enoughafter pawn dare loan. Another bank from the operation cost of small and medium-sized enterprisesdo loans will pay more manpower so also does not want to ext end loans to small andmedium-sized enterprises A bank operating costs the half is labor cost small and medium-sizedenterprises especial

15、ly do small very high labor workload but it is the benefit of different the sme financing channel is too narrow and small and medium-sized enterprises in thecapital markets have direct financing ways of securities market including small plate and gemAnd private equity funds industrialinvestment fund

16、s venture investment funds risk investmentfunds and the bond market etc. But since the 2008 the small plate market securitiesissued after huachang chemical and closed the door just recently IPO to res tart the IPO. But gemis “ten years” good sword people until now only be vivivdly portrayed. Althoug

17、h with gemlisting conditions but a lot of small and medium-sized enterprises to financing for manenterprises 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

18、medium-sized enterprises in China however can grow in the basic of finaneingShenzhen has 3000 venture company with a registered capital of 6000 billion but no company iswilling to startup investment enterprise. The company is more mature can the fancy of thesecurities market and gem. Third the sme f

19、inancing difficulty in solving the problem a From the Angle of the government government should relax market access control reducing barriers let more smallerBands small and medium-sized enterprises in service for the strategic positioning og t hose smallBanks to bitter fleabane bit ter fleabane.Dyn

20、amic development Now China is probably more thana hundred villages and towns of the bank bank established to improve the bottieneck of theeconomic investment county including improving agriculture development of small andmedium-sized enterprises and support will play a very important role. For exist

21、ing f ivestate-owned Banks. Should be encouraged to develop t heir own businesses for the financing of thespecialized agencies relax its has branches and encourage them in the land and county townshipeven closer to provide financial services and more convenient government should help Banks to establ

22、ish a cred it sys tem further reducing t he i r i nf orma t i on cos t in our country the central bank since 1998 enterprise credit system constructionwas started by the specialized agencies collection and storage sorting analysis and use ofenterprise credit information to guard against credit risks

23、 maintain stable financial marker In2006 the central bank and small and medium-sized enterprises credit system to establish the creditsystem hope to cover those and financial institutions have no credit relations of smallandmedium-sized enterprises. Of course the credit system is not only by the gov

24、ernment and nowhas some net work company for example try to use labara. Com in onlinetransaetioninfonnationintosmall andmedium-sized enterprises credit index the index of cred it if out of the bank to fur ther reduce the cost of information. . 3. The government should several of bank risk compensati

25、on the local interest riskcompensation mechanism and policy just compensation fund is to solve the sme financing wayand can not be fundamen tally solved. As to the end fujian province of bad loans is small loans6071 but the average level of banking is a two percent while a few risk compensation just

26、 percent only a small part So many of bank risk compensation. As all of the loans to smalland medium-sized enterprises then according to the bank loans reduce its tax business taxincome tax reduction Countries can help enterprises to improve bank interest risk and return Ifthe loan losses the govern

27、ment formed by risk compensation fund to patch up it this makes bifbusiness loans and small and medium-sized enterprises loan to achieve the balance is the basicyields. government should actively promote the multi-level capital market system in order tobetter satisfy all kinds of small and medium-si

28、zed enterprises include the financing needs ofenterprise. Different types of small and medium-sized enterprises the development st age isendless and same determines the sme financing needs is not the same So small and medium-sizedenterprises groups of differentiation determines the diversified finan

29、cing needs then satisfy smefinancing demand also needs the various forms of financing mode such as bank loans bondsequity financing 4 years in Shenzhen stock exchange medium plate founded bupromoting capital technology management and the effective factors of high quality as cultivatingboard also to

30、promote the upgrading of indus trial st rue tore is playing a positive role. In October 2009 gem officially launched. Founded board will provide for independentinnovation promoting effective supervision mechanism of small and medium-sized enterprises inthe new development stage. But for more t han f

31、or small and medium-sized enterprises are listed tosolve this kind of condition enterprise s equity financing stock transfer to a valid theover-thecounter marker In 2006 China launched fei joint-stock company listing for trading ofsecurities companies entering the pilot work Besides the government s

32、hould 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

33、 timeswith the United States Europe and other countries and regions in the bond market also has the bigdevelopment space, b From the bank anglelf 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 s

34、ituation of small and medium-sizedenterprises so we would change our bank credit financial innovation is imminent.Current1ybanking is through the organization risk management technical innovation innovation andsecurity collateral product innovation so as to change the status of financing for smes. 1

35、. 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 an

36、d one on the market in technology creative team is the blood to support itsdevelopment 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

37、 loan product Tianjing coastai rural commercialbank actively carry out enterprise sharehoulding pledge loan, benjing bank recently launchedintellectual proper ty as a pledge from the bank for a loan. 2. Cred it :rating innova ting Big Bnaks do business of time usually see a balance sheet anincome st

38、atement and a cash flow statement small and medium-sized enterprises have even thesthree tables are not high the bank information cos ts zhejiang ty rone arisen commercial Banks they look for innovative water meter customs declaration form large large reduce cost st订1 canmake small loans to earn eno

39、ugh money. Like Shenzhen development bank by focusing on theirOpponens credit transaction the authenticity of the enterprise chooses a new of enterprisescredit rat ing. For enterprises in the ctedit rating met hod for enterprises it self the cred it ratingweight only 15. Pay more attention to the au

40、thenticity of the trading counterparty anddownstream of the raw material supply semi-finished products or services or transportation orlogistics can be easier to choose good credit are true of the enterprise trade background to provideenough good service mobilize various financial tools in the proce

41、ss of enterprise developmentshenfazhan also created the profits. 3. Business process innovation. Out 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 resuIt is impossible to sma

42、ll 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 thecredit fac to ry. The bank is f

43、actory 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 fro