Study On The Development Of SME Private Debt In Tianjin Binhai New Area

In 2012 June, private debt service, Chinese started, so far a total of 29 regions of the country began a pilot run of 32 provinces, city, autonomous region, nearly 700 companies successfully through private debt financing, financing amounted to about 99,600,000,000 yuan. Tianjin Binhai New Area is a sub provincial area, national district and national comprehensive reform pilot area, have the honor to become the first National Innovation Experimental Zone, and a large number of small and medium-sized enterprises, as one of the 6 areas of private debt first pilot gate, this should be way ahead in the issue of quantity and scale, but the private debt situation of SMEs has been issued is lower than that of other provinces and much lower than expected: as of April 1, 2015, Tianjin Binhai issued a total of 19 private debt, raising 1,920,000,000 yuan of funds, only ranked twelfth; and the single issue amount is only 101,000,000 yuan, much lower than the national average level. Then, by Tianjin Binhai private development is not good reason is what? How to solve these problems, the development of Tianjin Binhai New Area to promote the SME private debt in the region rich small and medium-sized enterprise financing channels? This is the need to study and solve problems.This article from the current development of private debt market of small and medium-sized enterprises in China to start, to success in mainland China to the public issue of private debt as the research object, from the issue of the number, issue of the period, the interest rate of the bonds, the issuer and the industry distribution area were listed out, on this basis the author analyzes the private Tianjin Binhai debt business development of small and medium-sized enterprises, the information disclosure mechanism, Tianjin Binhai New Area Development of small and medium private debt liquidity mechanism, credit rating mechanism, trust mechanism, investor protection mechanism and the cost and sales, Binhai support policies and the small and medium-sized enterprise qualification has corresponding problems. By drawing on the advantages of international high yield bond market development American mature experience and other domestic provinces, from the three angles of Tianjin Binhai New Area of small and medium-sized enterprises, Tianjin Binhai New Area financial system.