Study On The Credit Discrimination Of Commercial Banks Against Private Enterprises

Private economy is an important part of China's economy.As an indispensable force for the development of socialist economy,private enterprises have always maintained vigorous vitality.In the past 40 years of reform and opening up,great achievements have been made in the development of private enterprises.Today,the total number of private enterprises and individual businesses in China exceeds 100 million,the number of private enterprises accounts for more than 90%of the country's total,the value of the final products and services created accounts for 60%of the GDP,more than half of the country's taxes have been paid,and 60%of the invention patents have been completed More than five percent have contributed more than 70 percent of the technological innovation achievements,providing more than 80 percent of the jobs for more than 75 percent of the employees.Private enterprises have become an important driving force to promote the sustainable growth of China's economy.However,the narrow financing channels and the single means have always been the bottleneck restricting the development of private enterprises.For a long time,restricted by the level of financial development in China,the imperfect market economy system and other factors,private enterprises are often treated unfairly by commercial banks when they are lending,which has become a bottleneck affecting the development of private enterprises.In order to verify whether commercial banks have discriminatory behaviors when providing credit support to private enterprises,further analyze the influence of regional factors on enterprise loans,and the changes of private enterprises in obtaining credit resources with the deepening of interest rate marketization reform,this paper uses 2009-2018 Based on the data of A-share listed companies,using fixed effect model and Tobit model,this paper studies whether the difference of enterprise ownership is the main reason of the difference of credit allocation from the perspective of credit scale and credit financing cost.This paper draws the following conclusions:1.There are differences between state-owned enterprises and private enterprises in credit scale and credit cost,and there is "ownership discrimination" effect.2.Regional factors have different effects on the scale and cost of loans that enterprises can obtain.3.The market-oriented reform of bank loan interest rate has not effectively eliminated "credit discrimination",and commercial banks still have a long way to go in solving the financing difficulties of private enterprises.Based on the above research,it is suggested that the government,when formulating policies to alleviate and eliminate the loan discrimination of commercial banks against private enterprises,should give more consideration to promoting banks to increase the support and preference on loan scale and price,at the same time,continue to improve the overall development system of the banking industry,continue to increase efforts to develop local small and medium-sized banks,and establish multi-level and diversified banks Bank system,promote the division of labor and cooperation between large banks and small and medium banks,and provide better differentiated services.This will help ease the long-term difficulties of private enterprises in financing and realize the common development of all parties.