| Since the reform and opening up,economic development has been accelerating,and the development of small and medium-sized enterprises has provided a strong impetus for them.However,with the continuous acceleration of the development speed of small and medium-sized enterprises,the scale has become larger and larger,and the problems that have been exposed are also increasing.protruding.The development of small and medium-sized enterprises urgently needs a large amount of capital support,and traditional financing channels such as bank loans cannot meet their requirements well.At the same time,due to the serious bad debts of banks in China in recent years,under the current national conditions,banks are more inclined to grant loans to large enterprises with stable cash flow than small and medium-sized enterprises,while restricting the issuance of small and medium-sized enterprises.This will reduce bad debts.As a result,many of these outstanding small and medium-sized enterprises have also been implicated and faced a situation where they did not want to make loans.Many excellent enterprises have been greatly restricted in their own development due to the obstruction of financing channels,and some even face the risk of bankruptcy due to the breakdown of capital flow."Financing is difficult" and "finance is expensive" has gradually become one of the important problems that trouble the development of SMEs.Although the country has policy support for outstanding SMEs,it suffers from the lack of substantial financial support,and the effect is not particularly significant.Many companies even take risks to survive in order to survive,using private lending at a high loan interest rate.,To obtain funds to ensure their own survival and development.The reason is still caused by the imperfect development of China's financial market,and excellent financial products that can meet the financing needs of SMEs are too scarce.Trust loans,that is,loan-type collective fund trusts,are a relatively new product in the trust industry.They issue trust loan plans through trust companies,raise funds from social investors,and manage the funds in a unified manner,and release them to Enterprises with financing needs will repay the principal and interest at that time and distribute the proceeds to investors.It is characterized by simple procedures and can meet the personalized financing needs of SMEs.As a new type of financing tool,trust loans provide a practical way to solve the "financing difficulties" and "expensive financing" of small and medium-sized enterprises in China.At present,more and more companies have begun to widely use trust loans as a financial tool to obtain funds for themselves,and more and more trust loans have also achieved certain results.Trust loan products are indeed feasible and have broad development significance.Xinjiang XX Company's electrolytic aluminum project trust loan program is a trust loan program initiated by a trust company to meet the financing needs of Xinjiang XX Company's electrolytic aluminum project.Xinjiang XX Company is a high-quality electrolytic aluminum company located in Jimsar,Xinjiang county.During the supply-side reform of the electrolytic aluminum industry,companies faced a major reshuffle.In accordance with national policy guidance,Xinjiang XX Company took over the task of transferring national electrolytic aluminum production capacity,as the vanguard of the national electrolytic aluminum production capacity transfer from the center to the west.Faced with the overcapacity environment of electrolytic aluminum,the country generally restricted banks from issuing loans to electrolytic aluminum enterprises.As a result,traditional aluminum enterprises have encountered difficulties in financing,and many excellent electrolytic aluminum enterprises have also been implicated.However,under such circumstances,Xinjiang XX Company was able to obtain funds through the trust loan program and complete the principal and interest repayment.This not only provides a reference for electrolytic aluminum SMEs who are also facing traditional financing difficulties but also have financing needs.At the same time,it has caused trust companies and the national government to ponder on the issue of effectively solving the financing difficulties of SMEs.This paper analyzes and studies the case of the trust loan plan of the electrolytic aluminum project of Xinjiang XX Company,and reveals its guiding significance for the development of China's trust industry.The first part of this article briefly introduces the research background,research significance,research status and research methods;the second part elaborates the simple situation of the trust loan as a financial product,as well as its characteristics and operation process;the third part The cases involved in this article make a detailed introduction to understand the overall background of the case,the details of the implementation of the main participants and the entire trust loan plan;the fourth part combines theory and practice to make a detailed analysis of the trust loan case,including financial Analysis and industry analysis,as well as the analysis of the risk points of the trust loan case;the last part of the analysis of this successful case shows the enlightenment brought by the successful issuance of the case,and this case also has financing needs but difficult financing in China The reference significance brought by the electrolytic aluminum enterprises,trust companies and the national government. |
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