Several decisions of the Third Plenary Session of

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"Several decisions" of the Third Plenary Session of the 18th CPC Central Committee to solve the financing difficulties of printing enterprises

on November 12, 2013, the plenary session of the Third Plenary Session of the 18th CPC Central Committee passed the "decision of the CPC Central Committee on several major issues of comprehensively deepening reform", which decided to expand the opening up of the financial industry to the outside world, and on the premise of strengthening supervision, "said Chau Nguyen, market manager of BASF North America footwear, Allow qualified private capital to initiate the establishment of small and medium-sized banks and other financial institutions according to law. As a processing service-oriented industry, most small and medium-sized printing enterprises have difficulties in financing and loans for many years. I wonder whether the injection of private capital can solve this problem under the favorable situation of national policies this time

the original text of the details is as follows: improve the financial market system. Expand the opening up of the financial industry to the outside world, and allow qualified private capital to initiate the establishment of small and medium-sized banks and other financial institutions in accordance with the law on the premise of strengthening supervision. We will promote the reform of policy oriented financial institutions. We will improve the multi-level capital market system, promote the reform of the stock issuance registration system, promote equity financing through multiple channels, develop and standardize the bond market, and increase the proportion of direct financing. Improve the insurance economic compensation mechanism and establish a catastrophe insurance system. Develop Inclusive Finance. Encourage financial innovation and enrich financial market levels and products

improve the formation mechanism of the marketization of the RMB exchange rate, accelerate the marketization of interest rates, and improve the Treasury bond yield curve that reflects the relationship between market supply and demand. Promote the two-way opening of the capital market, orderly improve the convertibility of cross-border capital and financial transactions, establish and improve the management system of foreign debt and capital flows under the framework of macro Prudential Management, and accelerate the realization of RMB capital account convertibility

implement financial regulatory reform measures and robust standards, improve regulatory coordination mechanisms, and define central and local financial regulatory responsibilities and risk disposal. Establish a deposit insurance system where you can find a drink bottle, and improve the market-oriented exit mechanism of financial institutions. We will strengthen the construction of financial infrastructure and ensure the safe and efficient operation and overall stability of the financial market

at first glance, the detailed rules on improving the financial market system in the "decision of the CPC Central Committee on several major issues of comprehensively deepening reform" seem to have nothing to do with the printing industry, but after careful reading, it is actually inextricably linked

previously, there was a printing enterprise Huizhou Hongxing Printing Co., Ltd., which successfully raised 2million yuan for the company's operation in 2012. In fact, it seemed very simple, but it actually experienced a very difficult process

Huizhou Hongxing Printing Co., Ltd. is a small and medium-sized family enterprise jointly operated by three brothers. Through the accumulation of its own funds in recent years, it has built a plant of more than 5000 square meters. Although the company is small, the market is stable, the shareholders are united, the company is pragmatic, and the finance is very stable. It is a very capable enterprise. However, with the development of the printing industry, the company's equipment is increasingly tight and can not keep up with the needs of industry customers. In order to finance the purchase of new machinery and equipment, the company has successively put forward credit requirements to two state-owned commercial banks. However, due to the small size of the company, the bank believes that it is not helpful to the bank's business. In addition, the main managers of the company have been busy with the company's operation, and they usually do not realize that the development of the company is supported by bank funds, and the communication is not in place, so they have not been supported by the bank

at the beginning of 2003, Hongxing printing company found Yin Zheng, the current chairman of Jiameng through various channels through the introduction of the purchasing manager of a large company. Jiameng company carefully analyzed its situation, customized a financing plan for Hongxing printing according to its actual situation, and signed a financial consulting agreement to solve the company's difficulties. It is found that the situation of the enterprise, whether through direct bank credit or guarantee, should meet the capital needs of the company in different periods, and the financing limit can exceed its requirements by more than several times. However, in order to adhere to its steady development style, the company listened to the financial suggestions of Jiameng company and proposed a long-term credit model, with an average monthly repayment of the same amount, so as to reduce the financial pressure of the company. Jiameng company finally designed that the legal representative of the company would make a personal loan. With the mortgage of the company's buildings and the joint guarantee of the shareholders of the three brothers, it successfully raised 2million yuan from a state-owned commercial bank for the operation of the company

2million yuan is not a large amount, but during this financing period, we must have made great efforts and encountered many difficulties. If the national policy had been introduced in earlier years, perhaps the company would not have encountered these difficulties

after carefully thinking about the basic policy on private capital, the author summarizes several advantages it may bring to small and medium-sized enterprises in the printing industry:

first, it provides financing capital. Printing enterprises have always been difficult to finance. Why on earth is it so difficult for printing enterprises to finance? There are many reasons for this:

first of all, as a traditional industry, the printing industry has been in a cold winter in recent years. Its development speed is relatively slow, and its future prospects are somewhat confused. Due to the lack of guarantee, bank loans are more difficult. Although banks are the main channel of enterprise financing, banks should try to minimize the majority of the current financing; Fine polishing after finishing (or the purpose is to eliminate the surface damage caused by rough polishing. Small and medium-sized printing enterprises are skeptical.

at the same time, banks further strengthen risk management and put the safety of funds in the first place. On the one hand, the current printing industry is in the stage of transformation, and the old operation mode can not adapt to the current new market environment. Even some printing enterprises are in the stage of transformation, because their management is easy to understand and poor, and eventually collapse; On the other hand, small and medium-sized enterprises in the printing industry have less fixed assets or low quality, which leads to less asset collateral that can be provided to banks, which also makes it difficult to obtain credit guarantees from third parties. Looking at these reasons, banks are reluctant to provide loans to small and medium-sized enterprises in the printing industry

the entry of private capital has made the financial market active and solved the problem of lack of funds in the financing of printing enterprises. If the printing small and medium-sized enterprises can get the support of these private capital, the enterprises will not face the dilemma of bankruptcy due to the lack of funds in the process of operation

second, national policies provide guarantee. For a long time, the national policies, reform priorities, financial system and capital market services are more focused on state-owned enterprises, even large-scale state-owned enterprises, and generally pay less attention to all kinds of small and medium-sized enterprises. However, the current printing enterprises are generally small in scale, and of course, they will receive less services from financial service units

third, provide information docking to ensure the effective financing process. Although domestic private capital is not the mainstream in recent years, its activity and growth momentum have attracted the attention of the state and industry insiders. While strengthening the policy support for small and medium-sized enterprises, the state also allows private capital and financial capital to operate the market, which makes domestic debt transfer, finance and investment consulting service companies see this growth point and actively deliver its role as a catalyst and media in the middle

the author also wants to remind small and medium-sized printing enterprises in the printing industry that although the state has issued many policies in favor of small and medium-sized enterprises in recent years, and is also actively realizing the transformation of government functions, printing enterprises should also actively change their roles, transform from traditional enterprises to low-carbon and environmental protection, develop new technologies, and develop towards high output value and low energy consumption as soon as possible, In this way, we can get more policy support from the state. At the same time, it is consistent with our current goal of building a sustainable society. In the future, in the process of financing, it is not difficult

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