Clothing Financing Is Expected To Be Recognized.

If the financing difficulty is caused by the national tight financial policy, the long existence of industrial discrimination and the decline in profitability of enterprises, then the general problems of financing difficulties and financing will reflect the overall absence of the integrity system.

When it comes to financing, politely refusing to interview journalists seems to be the case. clothing Entrepreneurs in the industry should deal with the hidden rules of the media. In the recent survey of more than a month, Spin "Clothing weekly" reporter has been eating a lot of "closed door". However, starting from the central economic work conference held in 2012, the financing environment of garment enterprises across the country has been improving step by step. Banks in different regions have different attitudes towards the loan application of garment enterprises, although the situation of "no money finding" in garment enterprises is changing gradually compared with the previous years, but in general, the apparel industry is looking forward to more recognition on the way of financing.

Real economy VS credit hidden rules

The attitude of the bosses of clothing enterprises to talk about money is actually understandable. As the primary channel of financing for small and medium-sized enterprises, the change of bank credit capital policy has a far-reaching impact on the development of the real economy. Since the second half of 2012, the trend of domestic economic recovery has been gradually clearer, the pressure of inflation continues to be high, and the credit demand of the real economy is growing rapidly. However, at the same time, the control and macro policies of domestic financial institutions have limited the development of many small and medium-sized enterprises.

Especially after the central authorities tightened credit resources gradually in 2011, there was a certain contradiction between the increasingly severe financial environment and the demand for the recovery and transformation of the real economy, which led to the urgent need for the real economy to find reasonable financing channels to alleviate various development pressures. In 2012, the financing problem of small and medium enterprises was the most prominent. The phenomenon that credit demand of enterprises could not be met in time and in full was revealed. All these phenomena aggravated the personal feelings of SMEs.

On the other hand, there seems to be a natural contradiction between the characteristics of SMEs' production and operation and the duration of bank loans. For small and medium-sized enterprises, most of them are in the initial stage and growth stage. There are many uncertain factors in operation, the risk of business sustainability is bigger, the market response ability and the ability of self financing are weak, and the loan demand period is longer. However, in the view of banks and other financial institutions, they hope that enterprises can repay loans in a relatively short period of time in order to ensure the safety of loan funds. In the interview, small and medium business owners generally hope that banks can ease their financing difficulties by extending their loan period or relaxing loan application conditions.

Financing difficulties start with poor channels

According to the survey, the overall sources of funds for domestic garment enterprises are mostly small and medium commercial banks and Financial Guaranty Insurance Company, and the cost of small and medium-sized garment enterprises is estimated to be 1.5~2 times the normal capital cost of the market. This data means that the cost of support for every garment industry is much higher than that of other industries. For the labor-intensive industries that need to rely on cash flow to expand the scale of production and operation, the cost of financing can be imagined.

In the absence of regular financing channels, private financing has been widely concerned by SMEs. The logic behind it is that small and medium-sized enterprises have few financing channels and can not meet the normal financing needs of enterprises. In the context of RMB appreciation, export trade lacks the price advantage. Therefore, in the traditional processing enterprises, the capital crisis is aggravated. In the face of difficulties, enterprises either go bankrupt or go all in to throw themselves into a complicated and complicated private lending market. As a result, when people found that lending investment is easier to make money than dead industry, the simple financing dilemma evolved from the "money problem" to the issue of healthy development of the regional economy and society.

It is driven by the profit driven nature of the capital that private lending is the main form of financing in Wenzhou, where the private economy is active. In fact, it is almost an instinctive choice to invest money in high profit areas. However, when enterprises encounter a single financing means and poor channels, they are eager to get higher profits.

In large garment enterprises with high brand awareness and mature channel development, the financing environment seems relatively loose, but its essence is not very different. At the end of 2012, Wenzhou's Chuang Ji group, known as the diversified enterprise benchmark in the industry, came to the news of emergency funding. As Chuang Ji shipyard, a group subsidiary, was abandoned by shipowners because of its poor performance, which coincided with the bank's recovery of loans. Chuang Ji Group Once on the verge of the collapse of the capital chain. Moreover, after the news that Chuang Ji Group has been worried about the capital chain, the enterprises that have financial guarantee agreements with Chuang Ji group are also in crisis.

In fact, large scale enterprises rely less on SMEs and other financial institutions than SMEs. When macro financial policy changes, enterprises with above scale will also face financial difficulties, and the risks they cause will be more likely to spread to enterprises within the circle, and the impact will be even worse.

Patch up the financial order

In recent years, the clothing industry has generally reflected the "financial disorder and unscrupulous behavior". Financial institutions are very common in raising prices, charging and apportionment. For example, a bank pays 50% of the total amount of the enterprise's loans in the form of a acceptance bill, which actually requires the enterprise to deposit the 50% of the loan amount in the form of deposit. The enterprise can only get half of the loan amount, but still pay the full interest at maturity.

In view of these difficulties, relevant professionals call for the establishment of a credit supervision mechanism for banks. The functional supervision department of the CBRC and other functional regulatory departments should establish a public evaluation platform for bank integrity, establish a regular back-to-back directional survey, and combine with the network scoring system, so as to establish a scoring and evaluation mechanism for users. In addition, the state should also encourage and guide the healthy development of private credit industry.

At the end of 2012, the central economic work conference put forward a proposal to "effectively reduce the financing cost of real economic development". On the whole, in 2013, the central government will introduce a neutral monetary policy. But because of worries about inflation and the rebound in housing prices, the monetary policy of the central bank will not be too loose. Therefore, to reduce the financing cost, we need to find a new way to patch up the existing financial order. Under such a background, it is a major problem that we must face this year to find a suitable financing means suitable for our own development path.