For many years, the small and medium-sized enterprises, which account for the majority of the textile and garment industry, have been constrained by the difficulty of financing.

In response to the impact of the global financial crisis on China's economy, the State Council held a executive meeting in November 19th and issued 6 measures to promote the healthy development of the textile industry.

These 6 measures are quickly called the "six countries" by the industry.

Among them, second and fifth separately emphasize two aspects of government finance and credit funds to solve the problem of financing difficulties for SMEs.

The power of policy is enormous.

What advantages will such a strong policy bring to textile and garment enterprises?

What is the hope of SMEs going beyond the "financing" path?

      要點(diǎn)一：資金供給放量

The "six states" put forward the following measures: increasing the scale of financial support for the development of small and medium-sized enterprises at all levels, and increasing investment in the construction of credit guarantee system and service system.

We should actively support financial institutions to expand credit funds, simplify the process of approval and open up a "green channel" for credit.

The government's special funds and the scale of credit funds of financial institutions are at the same time "peg", supplemented by a more convenient "green channel". For textile enterprises, such a relaxed capital supply environment has not been seen so far.

This makes it easier for textile companies to get the funds they need more easily.

At present, under the influence of the international financial crisis, the supply of funds has become a major problem that the SMEs are most concerned about and urgently needed to solve.

Many enterprises are unable to get enough loans from the bank when they solve their own production and operation difficulties. Therefore, the use of private lending and even high interest rate lending increases the financing cost of enterprises, but increases the financial burden of enterprises.

In order to alleviate the financing difficulties of SMEs, the government has increased the support of public finance.

This year, the central government allocated a total of 5 billion 110 million yuan for special funds for small and medium-sized enterprises, and 1 billion 600 million of the new 2 billion 200 million yuan was used to support SME credit guarantee institutions to provide loan guarantee services for SMEs.

In accordance with the central government's policy spirit, local governments have introduced financial policies to support SMEs.

A few days ago, Jiangsu Province, the main province of China's textile and clothing production, had 1 billion yuan in the 2 billion yuan of fiscal funds which was increased by the end of this year.

The special funds of government finance are mainly used to support projects with good market prospects, obvious employment and remarkable economic and social benefits, as well as a "basic" system for establishing credit guarantee services for small and medium-sized enterprises.

The focus of special funds for small and medium enterprises is to provide financial support for technological pformation, merger and reorganization, technological innovation and product upgrading of small and medium-sized enterprises. At the same time, we should guide investment in social capital and other areas to help SMEs speed up their upgrading.

Taking the 1 billion yuan financial fund invested by Jiangsu province in the credit guarantee system of SMEs as an example, it is expected to directly guide and drive more than 10 billion yuan of bank credit funds before the Spring Festival to effectively alleviate the financing difficulties of small and medium-sized enterprises through the joint efforts of provinces, cities and counties to raise funds of 2 billion yuan.

Many textile and garment enterprises in Jiangsu will also benefit from it.

      要點(diǎn)二：融資渠道多樣

"Six countries" put forward: promoting the innovation of financing products, promoting and developing export credit insurance and other businesses, encouraging and supporting the development of credit guarantee institutions, and effectively solving the financing difficulties of light textile SMEs.

In the past, secured loans were mainly based on real estate mortgage loans such as factories.

According to the survey, the number of unsecured credit loans accounted for 27% of the loans of large enterprises in China, while only 5% of small businesses.

With the financial innovation, various financing products, especially new financing products for small and medium-sized enterprises, are emerging.

For example, loans with accounts receivable as pledge, movable property with finished products and raw materials as collateral, and financial leasing commonly used when upgrading equipment.

Such new financing products expand the scope of property that enterprises can guarantee, improve the financing capacity of small and medium-sized enterprises, and are very beneficial for alleviating the financing difficulties of enterprises, especially small and medium-sized enterprises.

Textile and garment enterprises should pay close attention to which financing products can be used for their own purposes, so as to expand financing channels.

Under the current financial environment, the risk of default, rejection and bankruptcy of buyers in the international market has increased significantly, and the risk of foreign exchange collection has become the biggest external risk faced by foreign trade enterprises.

The "export credit insurance" mentioned in the "six countries" is a "safe haven" for enterprises to withstand the financial turmoil.

Export credit insurance is an international means of export support. It has the function of promoting exports, ensuring foreign exchange collection, facilitating financing and developing the market.

China Export and Credit Insurance Corp is a sole proprietorship insurance company established by the end of 2001 under the background of China's accession to WTO.

China's credit insurance actively uses the new financing mode of "financing convenience under the credit insurance" to cooperate with hundreds of Chinese and foreign banks to help export enterprises obtain bank financing.

As a national policy organ, China's credit insurance does not set any "threshold" on its clients. It also introduces a series of specialized products for the characteristics and needs of small and medium-sized enterprises.

Small and medium enterprises credit guarantee machine