Should we pay attention to the first private financing association in China? How did it come from? What is this for?
This is an unforgettable day. On a midsummer afternoon, in Guangdong Building, more than 500 people from national, provincial and municipal leaders, economic celebrities, financial industry leaders and representatives of famous enterprises witnessed the rise of a platform. At the inaugural meeting, the Guangdong Provincial People's Government gave instructions, and the Financial Office of the Guangdong Provincial People's Government officially approved it and took it as the competent unit. At the inaugural meeting, ICBC, Agricultural Bank, China Construction Bank, China Development Bank, Shenzhen Development Bank, Minsheng Bank, Guangzhou Rural Credit Cooperative, Huading and Zhongke Zhi signed collective financing agreements with 36 enterprises, with a financing amount of 770 million yuan, which made a good start. Guangdong SME Financing Promotion Association was formally announced on June, 2006 10. At the inaugural meeting, ICBC, Agricultural Bank, China Construction Bank, China Development Bank, Shenzhen Development Bank, Minsheng Bank, Guangzhou Rural Credit Cooperative, and two financing guarantee companies, Huading and Zhongke Zhi, signed collective financing agreements with 36 enterprises, with a financing amount of 770 million yuan, which made a good start.
This platform was formally applied to the Guangdong provincial government on August 28th, 2005, and was born in June of 10, which just experienced a time flow from embryo to birth.
In August, 2005, it was also a warm day. Fu Xiao, president of Private Economy newspaper, and Chen Yibiao, chairman of Huading Guarantee Co., Ltd. got together to talk about private economy in China and Guangdong, and raised a worldwide question? Financing difficulties for small and medium-sized private enterprises.
President Fu Xiao said: Financing difficulty has always been the bottleneck of the development of private enterprises. How can we do something practical for these private entrepreneurs? How can we break through the bottleneck of the development of this private enterprise?
Chairman Chen Yibiao responded:? That's a good idea. Now the State Council? Non-public economy 36? With the promulgation of the National People's Congress, the state put private enterprises and state-owned enterprises on the same starting line, and Guangdong Province, as a strong financial province, vigorously developing the private economy is a policy orientation of the Guangdong Provincial Party Committee and the provincial government. In addition, with the need of industrial upgrading in Guangdong Province, a platform dedicated to solving the financing difficulties of private enterprises is urgently needed. ?
Two people's thoughts collide with each other. Do it. At the initiative of these two people, on August 28th, 2005, an organization dedicated to the financing difficulties of small and medium-sized enterprises? Guangdong SME Financing Promotion Association formally applied to the Guangdong Provincial Government?
Three backgrounds give birth to financing platform.
The birth of a platform always has the background of its birth and growth. For this, Chen Yibiao knows very well. He believes that there are three main backgrounds:
The first background is that in March 2005, the State Council promulgated 36 articles to promote the development of non-public economy and private economy, and liberalized the access of private economy in all industries, including investment. Article 36 gives private entrepreneurs the same status as state-owned entrepreneurs, and many social honors are awarded to private entrepreneurs.
The second background is that in 2005, the provincial party committee and government proposed to develop the capital markets of Guangdong and Guangzhou, develop Guangzhou's financial industry, build a financial province that matches Guangdong's strong economic province, and establish China South China Financial Center in Zhujiang New Town, so as to better meet the development of modern economy and modern industry with modern financial services, meet their needs for various financial services, and make economy and finance more closely integrated. In this context, the establishment of a promotion association as a new financial platform, a new institution, a new organization and a platform for providing financial services is in line with the requirements of the provincial party Committee, the provincial government, the municipal party Committee and the municipal government to increase financial services, develop the financial industry and develop various financial intermediary service institutions.
The third background is the need of industrial upgrading and industrial restructuring. According to China's commitment to join the WTO, by the end of 2006, China's financial industry will be fully open to the outside world. This means that after China's entry into WTO, China will face the international industrial division of labor, which will lead to a new round of reorganization and reshuffle. Therefore, the survival and development space that small and medium-sized enterprises need is only to integrate resources and make themselves bigger and stronger with independent innovative products, otherwise they can only be used as supporting tools for large enterprises.
Among them, in February last year, the State Council issued "Several Opinions of the State Council on Encouraging, Supporting and Guiding the Development of Non-public Economy such as Individual and Private Economy" (commonly known as? Non-public article 36? ) is undoubtedly the biggest highlight of the private economy in recent years, around? Non-public article 36? The private economy has ushered in the spring of development. ? Non-public article 36? Clear and specific provisions have been made on market access, fiscal and taxation financial support, social services, protection of workers' rights and interests, improvement of quality of enterprise, improvement of government supervision, and strengthening guidance and coordination. Especially for the financing problem that has plagued private enterprises for many years. Non-public article 36? Put forward five requirements:
Increase credit support. Guide and encourage financial institutions to innovate financial products, improve financial services and increase the proportion of loans to non-public enterprises from the characteristics of the non-public economy.
Encourage innovation in financial services. We will improve the credit evaluation system of non-public enterprises, issue credit loans to qualified enterprises, and carry out pilot projects for pledge loans of intangible assets such as industrial property rights and non-patented technologies to qualified enterprises.
Establish and improve the credit guarantee system. Support the establishment of commercial or mutual credit guarantee institutions in the non-public economy, and encourage qualified areas to establish credit guarantee funds for small and medium-sized enterprises and regional credit re-guarantee institutions.
Increase fiscal and taxation support. Gradually expand the scale of national special funds to promote the development of small and medium-sized enterprises, accelerate the establishment of national small and medium-sized enterprise development funds, and study and improve relevant tax support policies.
Broaden direct financing channels. Non-public enterprises and state-owned enterprises are listed on the capital market on an equal footing.
Four Concepts of Creating Service Functions
It is under the concerted efforts of all kinds of Qi Xin that the Guangdong SME Financing Promotion Association came into being.
However, the birth of the association only built a platform, and the solution of private enterprise financing depends on the support of government policies and the promotion of real services. Fu Xiao, the president of Private Economy News, who has just been elected as the first president of Guangdong SME Financing Promotion Association, is well aware of the functions and tasks of the association. He stressed that the promotion association should be based on doing practical things from the beginning. He said that the establishment of the promotion association has been strongly supported and valued by the provincial party Committee, the provincial government and all walks of life. Now there are a dime a dozen chambers of commerce, and there are more than 2,560 chambers of commerce in Guangdong Province. Guangdong SME Financing Promotion Association must have good service, many products, great strength, strong cohesion and wide influence, and truly become a marginal bridge, service window and international exchange platform for entrepreneurs to do practical things, enterprises, banks and governments. The slogan of the promotion association is service wins. Mainly for the economic development of China and Guangdong, especially for small and medium-sized enterprises to solve problems and do some practical things to make them bigger and stronger. From the beginning, the promotion meeting was based on doing practical things. Therefore, so many entrepreneurs are invited this time. I hope you can provide intellectual support and come up with some good ideas and golden ideas, so that the promotion association can get ahead and achieve fruitful results before the end of this year.
According to the guidance of president Xiao, the promotion association was established? Based in Guangdong, facing the whole country, radiating Asia-Pacific and influencing the whole world? The four strategic thoughts of. At the same time, twelve service functions are integrated as the guiding principles for the association to build its brand.
Among them, it provides consulting services on national policies, investment and financing, provides state-funded funds, special fund declaration, business plan writing, investment structure design, negotiation arrangement, signing assistance and other services for small and medium-sized enterprises, and assists investment institutions in conducting prudent investigations and public relations negotiations. Entrusted by domestic and foreign investment institutions and project financing units, seek funds and project partners to promote China's small and medium-sized enterprises and products to the international market and other economic and technological cooperation; Hold various types of domestic and foreign economic seminars, investment and financing fairs, academic exchanges, and networking exchange activities between domestic and foreign investment institutions and small and medium-sized enterprises; Organize various types of workshops to train enterprise managers and improve the management quality of member units; Organize small and medium-sized enterprises to participate in foreign investment and financing conferences, and invite foreign investment consortia, securities institutions and other relevant organizations to visit China for extensive business exchanges and study; Undertaking the entrustment, investment and financing services of investment institutions and small and medium-sized enterprises has become the core service content.
Around the above brand concept, the newly established promotion association officially launched the engine of progress, made a beautiful appearance on the stage of private enterprise financing, and prepared to stage a good show of financing innovation.
770 million yuan shows a good start.
Of course, the promotion association also has a strong supporting force, which is the support of government departments and related industry units. At the inaugural meeting, Sun Xiaohua, vice chairman of China Federation of Industry and Commerce, fully affirmed the necessity of establishing the association. He pointed out that the establishment of Guangdong SME Financing Promotion Association was a precedent in China and opened up a new way for private enterprises to solve financing problems.
Li, vice president of China Industrial and Commercial Bank, also enthusiastically pointed out that Guangdong SME Financing Promotion Association has built a good platform for SME financing and a high-quality communication bridge between enterprises and banks.
Ou Guangyuan, deputy secretary of the Guangdong Provincial Party Committee, even emphasized in his speech that solving the financing problem of small and medium-sized enterprises through the financing platform of the promotion association, better ensuring the benign development of private small and medium-sized enterprises and improving their comprehensive competitiveness have great and far-reaching strategic significance for Guangdong Province to promote economic growth, solve labor employment and build a harmonious society in an all-round way. He said that all government functional departments should focus on improving the ecological environment of financing difficulties for SMEs, establish and improve a multi-level capital market system, and gradually liberalize and expand direct financing channels for SMEs; Banks and other financial institutions should aim at the financing characteristics and actual needs of small and medium-sized enterprises, constantly innovate service varieties and service contents, and increase the marketing of financial products; Private small and medium-sized enterprises should establish modern enterprise management system to ensure the authenticity of financial information so as to reduce the supervision cost and credit risk of banks.
All this, together with * * *, has formed a strong joint force, which has promoted the Guangdong SME Financing Promotion Association to take off in the future. In fact, on the day of the inaugural meeting, China Industrial and Commercial Bank, China Agricultural Bank, China Construction Bank, China Development Bank, Shenzhen Development Bank, Minsheng Bank, Guangzhou Rural Credit Cooperative, Huading and Zhongke Zhi, two financing guarantee companies, signed collective financing agreements with 36 enterprises, with a financing amount of 770 million yuan.
This is undoubtedly a very symbolic beginning, which indicates that this financing promotion association with a strong background will, with the support of relevant government departments, banks and enterprises, further innovate the financing mechanism through the adjustment of its own business structure and develop harmoniously with the vast number of private small and medium-sized enterprises with a brand-new system.
Such a prospect, like a bright dawn, has loomed ahead.
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