Study On The Development Plight And Development Strategies Of Microloan Companies

Dingxi City of Gansu Province is one of typical small and medium-sized cities in the western region of the undeveloped economy, especially the problems of agriculture,countryside and farmers is particularly prominent. The problem of financing difficulties of small and micro enterprises generally exists. Since the pilot work of microloan companies nationwide promoted by the people's Bank of China in 2008, the microfinance industry has been developing with a blowout high speed, which has played a positive role for the development of the local economy, providing a channel for the folk capital transformation into the legal financial capital, easing the financing difficulties of "agriculture, countryside and farmers" and small and micro enterprises and improving the county's financial system.But some of the problems that hinder the healthy development of microloan companies have become increasingly apparent. In Dingxi City in Gansu Province, which is one of the typical small and medium-sized undeveloped cities in the western region of the economy, the problems of agriculture, countryside and farmers is particularly prominent and the financing difficulties of small and medium-sized enterprises is very common. Since the first small loan company began to operate in Dingxi in July, 2009, 38 microloan companies have been set up so far,.Based on the financial inhibition theory, the financial deepening theory, the financial constraint theory and the asymmetric information theory, this paper aims to explore the development status of microloan companies in Dingxi City through the research of the small loan company there, such as the identity embarrassment, limited the financing channels, the imperfect supervising and managing system, the too high tax burden, the access to the credit system lagging behind and the higher operational risk and so on. Meanwhile, the reasonable suggestions of the development of Dingxi microloan companies have been put forward.Through the research, the following suggestions are put forward in this paper:It is suggested that the government should make clear the financial institution subject status of microloan companies, put them in the unified supervision of the CBRC, allow small loan companies to obtain the license for financial business and enable them to enjoy due preferential policies in taxation and financing.It is suggested that the government should make clear their supervisory duties and risk disposal responsibilities on the basis of the dual supervision system for the microloan company established by the banking regulatory and the government financial office through legislation; it is suggested that the People's Bank should relax the approval of the conditions for small loan companies into the credit system, speed up the microloan companies access to the credit system the pace in the pre anti illegal information at the same time; and it is also suggested that the government coordinate with all departments to actively cultivate the credit system of microloan companies.It is suggested that the microloan companies should establish a long-term mechanism for personnel training and a standardized internal management system to carry out innovative business to ensure legal compliance management. It is suggested that through industry associations, exchange of risk control technology and advanced management experience will be carried out in order to promote the healthy development of microloan companies in Dingxi City.