Research On The Development Of Sme Privat Debt Of G Securities Company

SME private debt service from2012June through today, after nearly2years of development time, business scope expanded to28area, has successfully helped more than340enterprises in the market financing of about42billion yuan. The business of the intermediary of G securities company, there are both opportunities and challenges. Based on the current development situation of SME private debt market, has successfully issued private bonds, term, interest rate, the overall size of the external credit enhancement, the regional and industrial distribution of the issuer, securities underwriting conditions were presented, then it analyzes the development of private debt service of G securities company, the private debt service development of G securities company in SMEs in the region of low quality; guarantee, credit can not meet the requirements; the relatively high cost of issue; sales problem; evaluation and collateral of supervision capacity is insufficient; the regional government the problem of the lack of support policy. by learning from the International, especially in Europe and the United States mature "high yield bond market" development experience, put forward G securities company should need to design development private debt products according to the SME actual development; actively cultivating the SME private debt investment group; seize the opportunities; to strengthen the construction of talent team specialized, in such aspects as to the development of SME private debt service. Finally, in the aspect of macroscopic system construction suggestion system construction to improve the SME private debt related business, set up risk defense mechanism and the creditor protection mechanism.