民企融资“开闸”之一 直接融资门缝渐开

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话说美国二战期间的“土豆富翁”J·R·辛普洛特,这个本来靠养猪为生的人,二战爆发后,偶然得到一个消息:前线作战部队需要大量的脱水蔬菜。他立即向银行贷款,买下了当时美国最大的两家蔬菜脱水工厂,专门生产供部队用的脱水土豆。此后,此人开发的土豆系列产品,整个二战期间产值超过10亿美元,利润超过6亿美元。这是一个平常得不能再平常的因为抓住了机会而致富的故事。很多人都有过这样的机会。不同的是,这个故事的主角得到消息后,可以立即向银行贷款。而现实中,很多人并没有这么幸运,融资难是他们抓住机会的最大障碍。民营企业尤其是民营中小企业融资难是世界性难题,但在中国尤为突出。一直以来,在国有商业银行每年动辄数万亿元的贷款总盘子中,民企所分得的贷款量几乎可以忽略不计,统计数字显示:2004年年底,全国金融资产已经达到33万亿元,但民企融资仅仅1.3万亿元。另外,民企直接融资也不过1000亿元。虽然,自2005年年初出台“非公经济36条”以来,国家支持中小企业贷款的力度越来越大。银监会颁布《银行开展小企业贷款指导意见》要求银行做好小企业贷款;央行出台了《短期融资债券管理办法》;外汇局实施境内居民境外融资新规定,重新开启了境内民企境外上市融资之路;加上创投企业管理规定的推出,小额贷款公司试点的正式运营,一系列利好消息接踵而来,民企融资似乎看到全面开闸的信号。然而这些拓宽的融资渠道,能从根本卜解决民营企业融资难吗? Saying that during the Second World War World War II, “potato rich” J.R.R.P.Plotter, a native of pigs, after the outbreak of World War II, he occasionally got the message that frontline combat troops needed a lot of dehydrated vegetables. He immediately loans to the bank, bought the then two largest vegetable dehydration factory in the United States, specializing in the production of dehydrated potatoes for troops. Since then, the potato products developed by this man, the entire World War II, the output value of more than 1 billion US dollars, profits of more than 600 million US dollars. This is a story that can no longer be used to getting rich because it seizes the opportunity. Many people have had such a chance. The difference is, the protagonist of this story get the news, you can immediately loan to the bank. In reality, many people are not so lucky, financing is their biggest obstacle to seize the opportunity. Private-owned enterprises, especially small and medium-sized private-owned enterprises, are a worldwide problem, but they are especially prominent in China. All along, the loans granted by private enterprises are almost negligible in the total loans of state-owned commercial banks in the tens of billions of yuan every year. Statistics show that at the end of 2004, the total amount of financial assets in the country had reached 33 trillion yuan, Private financing is only 1.3 trillion yuan. In addition, direct financing of private enterprises but also 100 billion yuan. Although since the introduction of the “36 Articles of Non-Public Economy” in early 2005, the state has made more and more efforts in lending to SMEs. The CBRC promulgated the “Guiding Opinions on Banks to Launch Small Business Loans”, requiring banks to make loans for small enterprises; the Central Bank issued the “Administrative Measures on Short-term Financing Bonds”; the SAFE implemented the new regulations on offshore financing for domestic residents and restarted the overseas financing of domestic private enterprises ; Coupled with the introduction of the regulations on venture capital management, the official operation of pilot micro-credit companies, followed by a series of good news, private financing seems to see a full signal gate. However, these broaden financing channels can fundamentally solve the financing of private enterprises difficult?
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