China Financial Daily

Huang Qifan: Chongqing under the financial crisis better than the national SME Financing
In the context of the world financial crisis, the first half of this year, the loan balance increased by 25%, while growth of 52% of Chongqing, representing more than double the national growth rate, ranking first in the country. July 8, the Standing Committee of Chongqing Municipal Party Committee, Deputy Mayor Huang Qifan the “small and medium enterprises in Chongqing against the backdrop of the international financial crisis, financing small and medium-sized Forum” that is better than the national financing of Chongqing, Chongqing benefit from policy initiatives in five areas.

First of all, the national banking system this year, according to the CBRC and the People’s Bank’s monetary policy traction, and actively implement the policy of the central government. Chongqing done in this area are particularly good.

Huang Qifan said the workers, farmers, medium-built settlement, the State Development Bank, the Agricultural Development Bank, Export-Import Bank, as well as more than ten types of Chongqing professional joint-stock banks in Chongqing to carry out large projects, not only for support, support for state-owned enterprises, also small and medium enterprises as well as various types of loans are in support of agriculture. Huang Qifan said that this year the bank’s lending activities to SMEs in the three aspects introduced incentives. First of all, major banks have established small and medium enterprises this year, the service department. Followed by the opening of these banks for small and medium-sized short, flat, quick loan process. In addition the national joint-stock banks and specialized banks in the SME loan varieties has made innovation a lot of improvements and innovations, including security at the end of the business, business loans, business accounts receivable pledge to help SMEs solve the problem.

Second, local banks in Chongqing, Chongqing banks, rural commercial banks, three banks, after the Three Gorges Bank after the reorganization of small and medium enterprises to become the Chongqing area and three rural areas for a very important service the main force. Huang Qifan said that after the reorganization, Chongqing Commercial Bank capital from 200 million into the now more than 20 million, rural commercial banks from the original capital of 200 million to 60 million capital fund, the Three Gorges bank capital from 100 million extended to the present capital of two billion. Balance of its loans are made corresponding to a threefold increase.

As a member of the Chongqing bank of banks, banking services for small and medium-sized nature of change. Weight of 30 billion business in 60% of loans for small and medium-sized loans, commercial bank lending in rural areas 45 percent of services for SMEs. 60% of bank loans in the Three Gorges area for the Small Three Gorges.

Third, in recent years, the efforts of the Government in Chongqing, the Chongqing Construction for small and medium-sized banks and a number of intermediary platform. Huang Qifan said that so far, Chongqing is China’s 31 provinces and municipalities in the company the largest number of loan guarantees, capital of the largest number of small loans up to provincial and municipal companies.

Currently, Chongqing has secured more than 80 companies, capital of 80 billion. Such as the China Banking Regulatory Commission in accordance with the provisions of the 8000 million capital companies can guarantee the security of the ratio 1:8, that is, can be secured more than 600 million of funds. Huang Qifan said, in fact, in June this year, Chongqing these security companies secured the actual balance has reached 38.4 billion, which are secured the company’s catalytic effects. In addition, Chongqing has also approved this year, more than 70 micro-finance companies, these small loans during the first half of this year, the actual lending more than 20 million part of solution in the crisis, has no way to guarantee companies or from bank loans business problems. At the same time, Chongqing has also established a number of rural banks, these banks also play a role in the provision of small loans.

Fourth, set up to help SMEs increase their equity financing platform for the credit. At present, Chongqing is trying to promote the four types of financing platform.

First of all, trust companies, Huang Qifan, the local trust company in Chongqing Chongqing Xinhua Trust and Investment Corporation and the Trust, the two local trust companies will promote this year more than 200 million trust. In addition, Chongqing has also promoted the private equity funds and venture capital firm’s development, to Chongqing? venture capital or private equity, Chongqing will organize a local government or state-owned enterprises give 1 capital funds to add more than 5.

At the same time, Chongqing will be established this year the two leasing companies, a capital of six billion, a 3.0 billion capital, to the end of this year, Chongqing will have more than 100 million in capital leasing companies. In accordance with national rules, could be 10 billion capital lease financing 80 billion.

Fifth, the Chongqing government source in the development of SMEs, the policy of market access are given a lot of policy support.

Huang Qifan, for example, the Chongqing Municipal Government in the last year, up 50 million discount on the basis of a year and come up with 100 million pairs of financing for small and medium-sized discount. At the same time, the Three Gorges reservoir area to promote the development of SMEs, Chongqing government spending of 10 billion fund to subsidize small and medium-sized industries in the Three Gorges. In addition, Chongqing also migrant workers in small and medium-sized entrepreneurs, students start their own business, laid-off workers, entrepreneurs, immigrants give a variety of venture capital and other subsidies policy.

It is thanks to these five elements will appear in Chongqing financing small and medium-sized January to June than the same period last year the total growth of 52%, and achieved the highest results.

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