Tianjin Cotton Association: The Government Takes The Lead In &Nbsp; Financial Innovation &Nbsp; Market Operation &Nbsp; Coordinate And Solve The Financing Problems Of Small And Medium Sized Cotton Enterprises.

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First, the government takes the lead, promotes in depth, and actively implements the collective debt financing mode.

In May 17, 2010, the municipal finance service office direct financing department held a forum of some industry associations responsible persons, focusing on solving the financing difficulties of SMEs.

At the meeting, we introduced the pattern of "government taking the lead, enterprise voluntary, collective issuance, separate liabilities, unified guarantee, unified organization and market operation" in the collection of creditor's rights financing in Tianjin.

It is divided into three specific modes: collective trust, collective financial management and collective loan.

The heads of Dalian bank, Shanghai Pudong Development Bank, Guarantee Corporation, Haisheng equity investment fund respectively introduced the relevant financing mode process and cases.

The city cotton association reflects the shortage of financing and difficulties in financing of cotton enterprises in 2009, which completed the pformation of the 400 type equipment.

The Finance Office of the municipal government attached great importance to it, agreed to focus on the financing of small and medium-sized cotton enterprises, and explored a new financing mode to support the development of the cotton industry.

In May 25th, the municipal government finance office direct financing department led the team to the Ninghe county government financial service office research, held the 400 type cotton processing enterprise responsible person's forum, preached the collection creditor's rights financing mode's process and the case, understood the cotton processing enterprise's financing desire and the demand, further promoted the cotton enterprise collectivity financing plan's implementation, and has led the Ninghe county government financial service office to this county 400 type cotton processing enterprise's support strength.

Two, the Association recommends, repeatedly coordinated, give play to the advantages and bridge role of trade associations.

The city cotton association cherished the opportunity to solve the acquisition fund for cotton enterprises, actively cooperate with research, repeatedly communicate and coordinate, give full play to its own advantages, and urge the success of collective financing.

First, carry out investigations and find out the situation.

In time to send an emergency notice to the 400 type cotton processing enterprise, it requires that the enterprises voluntarily participate in the collection financing and fill in the "the questionnaire on the operation of the collectively owned creditor financing enterprises in Tianjin", and communicate by telephone to master the basic situation.

The two is to highlight the key points and make recommendations.

Ninghe cotton production county voluntary participation in collective financing of 5 households 400 type processing enterprises recommended to the municipal government financial office, and with the host bank, Guarantee Corporation into the factory investigation.

In view of the current operating scale and seasonal financing characteristics of these enterprises, it is suggested to adopt the financing mode of collective loans.

The three is to coordinate and form consensus.

Due to the large and concentrated demand for seasonal financing of cotton purchase, enterprises have few collateral assets, and the amount of loans and financing costs have become the focus of attention of banks and enterprises.

According to the feedback from the cotton association and the enterprises, the Municipal Finance Office formed a consensus after the 6 meeting of the coordination of specific loans for the collection of loans in August.

The Cotton Association's proposal to set up the loan quota has been approved by both banks and enterprises. The loan risk margin has also been reduced to 10%, which has better played the advantages and bridge role of the industry association.

After more than three months of government, association, bank and enterprise operation, Ninghe county's de Quan, Tian Yuan and Yu Xin 3 enterprises (Fudong and Chun Yi 2 enterprises withdrew from local banks) have become the first batch of cotton processing enterprises to collect loans in the city.

Three, innovation mode, market operation, to solve the financing bottleneck of enterprises has opened a good head.

The collection of SMEs in the cotton business has made some breakthroughs in the financing mode.

The first is the innovation of financing organization.

Taking the government promotion and market operation mode as the main sponsor of the Guarantee Corporation, which is a cooperative partnership with the Bank of Dalian, through the promotion of a small number of small and medium-sized enterprises to form a collective loan syndicate organization, they also provide unified guarantees for the consortium and members of the collective financing mutual insurance Association. It is recommended that the Dalian bank agree to grant loans after the grant of financing and credit.

The two is the innovation of mutual guarantee.

After the mutual recognition of the effective assets provided by the members of the financing consortium, the members of the financing consortium signed the mutual financing agreement of the financing consortium, which is an important foundation for locking up the credit risk and mutual guarantee.

The three is the innovation of counter guarantee.

The members of the collective loan group provide the Guarantee corporation with a list of all their effective assets, warrants and bills, including land and properties that have not yet been used for property rights certificates or long-term lease, and broaden the scope and measures of counter guarantee.

After verification by Guarantee Corporation, it is an important basis for controlling loan risk.

Finally, a unified guarantee letter is issued to the Bank of Dalian.

The breakthroughs and innovations of the collectively creditor financing mode of Tianjin's small and medium-sized cotton enterprises are the result of mutual support and cooperation and market operation of the government, associations and banks, and play an important exemplary role.

It not only solved the problem of exclusive loan qualification of some small and medium-sized enterprises, but also enlarged the loan quota of the members of the financing consortium, so as to solve the bottleneck problem of the seasonal financing of the acquisition funds of cotton processing enterprises, and promoted the consolidation of the results of the cotton quality inspection system reform, and will effectively promote the healthy development of the cotton industry in our city.