An Investigation Report On The Financing Problems Of Xiangtan Private SMEs

The problem of “difficult financing and expensive financing” for small and medium-sized enterprises,especially private and small and micro enterprises,has been well known in the industry.This problem has not only lasted for a long time,but has not been effectively solved.Although everyone knows that SMEs are crucial to the development of China’s national economy,As on November 1,2018,General Secretary Xi proposed the contribution of small and medium-sized enterprises in the private enterprise symposium.Many policy measures have been further strengthened.With the intensive promotion of various policy measures,will it lead to a certain period of time in the future Is the financing risk of private SMEs intensively erupting,or even becoming an important factor triggering systemic financial risks?We don’t think that this kind of worry is just a worry.So how can we solve the financing problems of private SMEs and firmly hold the bottom line of not having systematic financial risks?This article takes Xiangtan private SMEs and 27 banks in Xiangtan as the subjects of investigation.Through the 8 representative banks in Xiangtan City and more than 50 private SME questionnaires and interviews,combined with local feedback,business forums,etc.to understand the operation and financing status of Xiangtan private SMEs.In-depth analysis of the basic situation,business situation and financing situation of the enterprise,including the financing environment,financing needs,financing effectiveness,and financing acquisition methods.The results of the survey show that the main problem of financing for private SMEs in Xiangtan is that financing is difficult and expensive,which is mainly manifested in the fact that there are few companies that obtain loans,the proportion of loans is low,the comprehensive cost of loans is high,and the average size of loans is small.In order to verify the key factors affecting the financing of Xiangtan private SMEs,we collected loan data from 18 representative banks in Xiangtan City and used STATA to conduct an empirical regression analysis to find that the mortgage guarantee method is a key issue for private and small and micro-enterprise financing;The lower the loan balance,the higher the interest rate and the lower the loan balance.State-owned enterprises and large-scale enterprises obviously have the advantage of obtaining bank loans over private and small and micro enterprises.Explain the reasons for its occurrence from various aspects of enterprises,banks,and governments,that is,private SMEs have fewer financing channels,SMEs have poor transparency,SMEs have unstablebusiness activities and there are multiple financings;while banks have high audit thresholds and technical management methods Insufficient,adverse selection and lack of big data and inadequacies,due diligence and exemption are not clear;the government’s credit reporting system is incomplete,policy promotion is not in place,and private lending is not standardized.In order to ensure the authenticity,accuracy and effectiveness of the research results.From the perspective of Xiangtan’s market conditions,it has extracted specific comprehensive countermeasures to solve the financing difficulties of private enterprises in Xiangtan.That is to say,in the triangular relationship between enterprises,banks and governments in financing activities,enterprises should play a basic role,improve the quality of financial management,improve internal governance of the company,expand corporate financing channels,and propose four new financing channels for Xiangtan private SMEs to choose;Banks should play a leading role,innovate all aspects of financial services,strengthen private enterprise customer relationship management,strengthen bank internal mechanism management,and increase cooperation with various associations,chambers of commerce,core companies,guarantee companies,and other institutions;the government should play a guide Function,establish and improve the credit information service system and financing guarantee system,build a multi-level financial market system,and fully implement the fiscal and taxation support policies for small,medium and micro enterprises.Only with the triangular linkage,the financing difficulties of private SMEs in Xiangtan can be effectively alleviated.