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 important 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 1.4 only theloans increased 14.9 09 year three months of national credit increased 4

5、8 trillion includingloans to small and medium-sized enterprises increased amount only less than 5 .Current loanfinancing difficult hasbecome the bottleneck of restricting the development of small andmedium-sized enterprises and small and medium-sized enterprise production and managementfaced difficu

6、lties according 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 7.5the urban employment this situation is not only more difficult economic recoveryinfluence and directly affect

7、the growth anddevelopment of peoples livelihood stable target .Inthis sense theinternational financial crisis under the impact of Chinas economy couldnot reallylow the key is out of small and medium-sized enterprises vitality can be fully recovered. Secondthe sme financing reason analysis Sme loans

8、and financing 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

9、the common 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 andmedium-sized enterprises are not healthy we imag

10、ine if severaldepartments with all those together the first this enterprise is not sincere he will have a foothold.We 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 o

11、f the scientific and 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 smal

12、l and medium-sized enterprise credit conditions stricter because we aremost Bands it is also considered commercial bank the risk of their own profits. 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

13、the small and medium-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 system toreduce the risks the bank will demand of small and medium-sized enterpris

14、es in providing enoughafter pawn dare loan. Another bank from the operation cost of small andmedium-sizedenterprisesdoloans will pay more manpowersoalso does not want to extendloans to small andmedium-sizedenterprises A bank operating costs the halfis laborcostsmalland medium-sizedenterprises especi

15、ally do small very high laborworkload but it is the benefit of different times.Third thesme financing channel istoo narrowandsmallandmedium-sized enterprises in thecapital markets have directfinancing ways of securitiesmarket includingsmall plate andgemAnd private equity funds industrial investment

16、fundsventure investment funds riskinvestmentfunds and the bondmarket etc. But since the sept.25 2008 the smallplate marketsecuritiesissued after huachang chemical and closed the doorjust recently IPO to restart the IPO. But gemis“ten yearssword people until now onlybe vivivdly portrayed. Althoughwit

17、h gemlisting conditions but a lot of small and medium-sized enterprises to financing for manyenterprises 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 aventure investment risk or the help ofsmall and mediu

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

19、ng difficulty in solving the problem a From the Angle of the government 1.The government should relax market access control reducing barriers let more smallerBands small and medium-sized enterprises in service for the strategic positioning og those smallBanks to bitter fleabane bitter fleabane. Dyna

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

21、ng fivestate-owned Banks. Should be encouraged to develop their 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. 2.The government should help Banks to es

22、tablish a credit system further reducing theirinformation cost 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 maintai

23、n stablefinancial marker In2006 the central bank and small and medium-sized enterprises credit system to establish the creditsystem hope to cover those and financial institutions haveno credit relations of small andmedium-sized enterprises. Of course the credit system is not only by the government a

24、nd nowhas some network company for example try to use labara.Cominonlinetransactioninformationintosmallandmedium-sized enterprises credit index the index of credit if outof the bank tofurtherreduce the cost of information.3. Thegovernment should several of bank risk compensation the localinterestris

25、kcompensationmechanismandpolicyjustcompensation fund is to solve the sme financing wayand cannotbe fundamentally solved. As to theend fujian province of badloans is small loans6071 but the average level of banking is atwo percent while a few risk compensation just to0.8 percentonly a small part So m

26、any of bank risk compensation. As all ofthe loans to smallandmedium-sized enterprises then accordingto the bank loans reduce its tax business taxincome tax reductionCountries can help enterprises to improve bank interest risk andreturnIftheloanlossesthegovernmentformed byriskcompensation fund to pat

27、ch up it this makes bifbusiness loansand small and medium-sizedenterprises loan to achieve thebalance is the basicyields. 4.The governmentshouldactivelypromote the multi-level capital market system in order tobettersatisfy all kinds of small and medium-sized enterprises includethe financingneeds ofe

28、nterprise. Differenttypes of smallandmedium-sized enterprises the development stage isendless andsame determines the sme financingneeds is not the same Sosmall and medium-sizedenterprises groups of differentiationdeterminesthe diversifiedfinancingneedsthensatisfysmefinancing demand also needs the va

29、rious forms of financingmode such as bankloans bondsequityfinancingetc.200to 4years inShenzhenstock exchange medium plate foundedbupromotingcapitaltechnologymanagement and the effectivefactors of high quality as cultivatingboardalso topromote theupgradingofindustrial structure isplayinga positiverol

30、e. InOctober 2009gemofficiallylaunched. Foundedboardwillprovide for independentinnovation promoting effectivesupervision mechanism of small and medium-sized enterprisesinthe new development stage. But formore than for small andmedium-sized enterprises are listed tosolve this kind ofcondition enterpr

31、ises equity financing stock transfer to a validtheover-the-countermarkerIn2006Chinalaunchedfeijoint-stockcompanylisting fortradingofsecurities companiesentering the pilot work Besides the government should vigorously promotethe development of the bond market bond financing for small and medium enter

32、prises 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 timeswith the United States Europe and other countries and regions in the bond market also has the

33、bigdevelopment space. b From the bank angleIf 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 situation of small and medium-sizedenterprises so we would change our bank credit financial innovatio

34、n is imminent. Currentlybanking is through the organization risk management technical innovation innovation andsecurity collateral product innovation so as to change the status of financing for smes. 1. Guarantee mortgage innovation Collateral shortage is small and medium-sized enterprisebiggest sof

35、t 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 and one on the market in technology creative team is the blood to supportitsdevelopment as well as se

36、veral 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 loan product Tianjing coastal rural commercialbank actively carry out enterprise sharehoulding pled

37、ge loan. benjing bank recently launchedintellectual property as a pledge from the bank for a loan.Credit rating innovating Big Bnaks do business of time usually see a balance sheet anincome statement and a cash flow statement small and medium-sized enterprises have even thesthree tables are not high

38、 the bank information costs zhejiang tyrone arisen commercial Banksthey look for innovative watermeter customs declaration form large large reduce cost still canmake small loans to earn enough money. Like Shenzhendevelopment bank by focusing on theirOpponentscredittransaction the authenticity of the

39、 enterprise chooses a new of enterprisescredit rating. For enterprises in the ctedit rating method for enterprises itself the credit ratingweight only 15. Pay more attention to the authenticity of the trading counterparty anddownstream of the raw material supply semi-finished products or services or

40、 transportation orlogistics can be easier to choose good credit aretrue of the enterprise trade background to provideenough good service mobilize various financial tools in the process of enterprise developmentshenfazhan also created the profits. 3. Business process innovation. Our country commercia

41、l 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 result is impossible to small and medium-sized enterprisefinancial services it is impossible toimprove the financing difficulties of small and me

42、dium-sizedenterprises. Banks to reduce threshold the other is to simplify the process reduce link establishexamination mechanism so as to adapt to the credit factory. The bank is factory 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 from the cycle overthe past