How Should The Textile Industry Deal With Financing Difficulties?

< p > to implement the spirit of the executive meeting of the State Council and further strengthen the support for "three rural" and "a href=" //www.sjfzxm.com/news/index_c.asp "small and micro enterprises < /a >, and enhance the ability of financial services to real economy, the people's Bank of China decided to reduce the RMB deposit reserve ratio by 0.5 percentage points from June 16th onwards to commercial banks that meet the requirements of prudent operation and" loans to agriculture, rural areas and farmers "and small and micro enterprises.

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< p > according to the introduction, a certain proportion of loans to agriculture, rural areas and farmers and small and micro enterprises is that: the number of new agricultural loans accounted for more than 50% of the total new loans last year, and the proportion of agricultural loans remaining at the end of last year accounted for more than 30% of the total loans. Or the proportion of new loans increased by more than 50% last year, and the balance of small and micro loans accounted for more than 30% of the total loans at the end of last year.

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< p > according to this standard, this directional drop will cover about 2/3 of city commercial banks, 80% of non County agricultural businesses and 90% of non County agricultural cooperatives.

The central bank said that the scope of the targeted reduction does not include institutions that have cut reserve requirements in April 25, 2014.

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< p > in addition, in order to encourage financial companies, financial leasing companies and auto financing companies to play a good role in improving the efficiency of capital utilization and expanding consumption, the RMB reserve requirement ratio is reduced by 0.5 percentage points.

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The central bank also said that the PBC has been actively using monetary policy tools to vigorously support economic restructuring, especially encouraging and guiding financial institutions to deploy more credit resources to the "three rural" and small and micro enterprises and other fields. P

The targeted reduction of the reserve ratio means that commercial banks and other financial institutions should be encouraged to allocate more capital to the areas needed to support the real economy, so as to ensure that the pmission channel of monetary policy to the real economy is more smooth.

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< p > for small a enterprises with large number of small and micro enterprises, such as "_blank" href= "//www.sjfzxm.com/" > textile > /a > a target= "_blank" href= "target=" > clothing industry, can we get more financial credit support from the central bank's "directional reduction" policy? The situation is obviously not optimistic.

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According to the governor of a commercial bank in the textile Province, the textile industry has been included in Prudential lending scope, especially for small textile enterprises below 500 thousand ingots and equipment, with poor market resistance and low product quality. Banks will not give financial support to P.

For medium-sized textile enterprises, if they want to obtain funds from banks, they should have corresponding collateral or large enterprise guarantee.

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"P > reporter immediately interviewed an entrepreneur in Shaoxing, Zhejiang. He also felt that this policy would not alleviate the current situation of" a href= "//www.sjfzxm.com/news/index_cj.asp" financing "/a" difficult and expensive financing ".

Because textile enterprises guarantee each other by borrowing money from banks, some enterprises are deeply trapped in mutual insurance whirlpool.

According to the entrepreneur, in Shaoxing and Xiaoshan, many textile, printing and dyeing and garment enterprises are facing closure. The reason is not that the enterprises themselves are not well managed, but that they are dragged down by the guarantee between enterprises, and the production can not be maintained normally.

He himself is due to guarantee for others, after others "run", the bank not only wants him to repay debts, but also freezes his company's assets in the bank, in this situation, the bank will no longer give loans to him.

In desperation, the entrepreneur also plans to rent a factory and stay away from the textile industry.

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