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Develop financing bank acceptance bills to ease the financing difficulties of small and medium-sized enterprises

March 14, 2019 05:05
Author: Rui Xiao small and gold

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Summary
[Developing financing bank acceptance bills to alleviate the financing difficulties of small and medium-sized enterprises] Financing bank acceptance bills can help small and medium-sized enterprises and private enterprises to carry out payment settlement and ease the contradiction of funding gap. The risk of redemption of financing banknotes is the responsibility of the acceptance bank. The acceptance bank should conduct due diligence before issuing silver tickets for small, medium and micro enterprises and private enterprises, explore the path of movable property pledge and play the role of science and technology, and strictly implement risk control in accordance with credit review requirements. Measures. Financing banknotes cannot be invested in industries and sectors where credit funds are banned. At present, in the critical moment when China's economic downturn is strong, the employment situation is not optimistic, and the development of small and medium-sized enterprises and private enterprises is difficult, it is of great historical significance to release the financing bank acceptance bills in a timely and appropriate manner. (Securities Times)

FinancingbankAcceptance drafts can help small and medium-sized enterprises and private enterprises to carry out payment settlement and ease the contradiction of funding gap. The risk of redemption of financing banknotes is the responsibility of the acceptance bank. The acceptance bank must conduct due diligence and explore the movable property before issuing the silver ticket for small and medium-sized enterprises and private enterprises.PledgeThe road and play the role of technology and followCreditThe audit requires strict implementation of risk control measures. Financing banknotes cannot be invested in industries and sectors where credit funds are banned. At present, in the critical moment when China's economic downturn is strong, the employment situation is not optimistic, and the development of small and medium-sized enterprises and private enterprises is difficult, it is of great historical significance to release the financing bank acceptance bills in a timely and appropriate manner.

In daily economic activities, the application of bank acceptance bills is quite common. Its functions include: First, payment settlement, in the trade with the upstream and downstream trade, the bill can be used for payment as well as cash; second, the expansion of credit, the issuance and acceptance of the bill itself is opened and transferred based on the real trade background, Due to the time difference between the opening of the draft and the actual redemption, the credit of the application for invoicing is expanded; the third is the convenience of financing; the fourth is the investment and trading function; the fifth is the ease of regulation.

Recommendations for the development of financing bank acceptance bills:

1. Change the concept of credit to adapt to the development of the market economy. We should change the concept of credit and conform to the laws of the economy. We should not simply treat bank acceptance bills as payment and settlement instruments. We should dig deep into the financing and credit functions of bank acceptance bills. Since banks can issue short-term liquidity loans to enterprises, banks can issue financing bank acceptance bills to enterprises to help corporate finances theoretically operate. A considerable proportion of financing bank acceptance bills have appeared on the current bill market. Instead of going "blocking", it is better to take the initiative to "clear", and moderate development of financing bank acceptance bills will help speed up the central bank.currencyThe efficiency of policy transmission to the real economy through the interbank bill market.

2. Amend the bill law or give the central bank the power to make specific regulations. The bill law has not been revised mainly for many years, and it has not been able to keep pace with the times. It has restricted the development of China's bill market to a certain extent and affected the ability of the bill market to serve the real economy. If the process of amending the law is long, the influence is wide, the uncertain factors are many, and the resistance is large, then the relevant policies can be introduced to give the central bank the right to "camera choice", and gradually study, improve, and issue relevant specific regulations. The central bank can conduct window guidance and urge commercial banks to determine the pilot units for the implementation of financing bank acceptance bills based on factors such as the economic and financial situation in the region, the development of specific industries, and the supply chain. Gradually and orderly relax the review of the trade background and control it steadily. The proportion of the issuance of good financing bank acceptance bills in the total amount of bank acceptance bills issued.

3. Gradually lift the confusion of developing financing bank acceptance bills. Financing bank acceptance bills are positioned to provide short-term liquidity support to enterprises, with the goal of promoting capital finance and serving the real economy. At present, the annual average amount of bank acceptance bills accounts for less than 10% of the total size of social financing. There is room for improvement. Gradually releasing financing bank acceptance bills can enrich the short-term financing options and reduce the short-term financing costs of enterprises. At the same time, it is recommended that the discount be included in the “transactional financial assets” or “other types of assets” category in the bank's balance sheet, divested from the credit scale, and counted separately. In addition, commercial banks should carry out refined management of the issuance of financing instruments, and at the macro level, they can set a total quota for specific industries and industries, and combine risk mitigation tools to properly control risk exposure. At the micro level, big data can be used to portray corporate portraits settled in the Bank, analyze the situation of upstream and downstream counterparties in the supply chain and the stability of cooperation. Science and technology personnel can identify enterprise risks based on data-assisted development modules and provide decision-making reference for front-end marketers. Therefore, the front desk department gives the preconditions for the final financing bill issuance according to the actual situation of the enterprise, including the margin ratio, other specific risk mitigation measures and management requirements.

4. Capital accrual, risk provision differential acceptance, discounted different management systems. Whether the bill is traded or financing depends entirely on the trading purposes at the time of ticketing. The bill under the trade item can be repaid with the return of the commodity when it is due; it is used as financing for financing or debt repayment. Bills, due to lack of self-compensation at the time of maturity, bring uncertainty to the redemption. The capital withdrawal and risk provision of commercial banks for the acceptance of financing bank acceptance bills should be accrued and provisioned according to the same period of working capital loans. In the internal system, the management of “trade tickets” and “finance tickets” should be differentiated. The principle of prudence, the acceptance bank should do a good job of tracking the company after the acceptance, timely grasp the financial changes of the enterprise, and prevent the acceptance rate of the acceptance due too high.

5. Strengthen monitoring and evaluation. The bill business has the characteristics of strong liquidity, large regional span and outstanding timeliness. Information asymmetry is the main cause of frequent ticket risks. The first is to build a standardized and widely covered information collection and entry platform. The second is to build a model analysis and advanced information analysis and forecasting platform. The third is to realize an intelligent and time-sensitive information and information release platform.

6. Explore the road to standardization of silver tickets. The standardization of bank acceptance bills requires the People's Bank of China and the China Securities Regulatory Commission and the Banking Regulatory Commission to jointly discuss and promote.

7. Strengthen risk management. Each licensed financial institution is the most important participant in the bill market and the fund and credit provider. The Banking Regulatory Commission can establish a set of scientific assessment methods for risk assessment of bills, and manage the risk of the bill market by managing licensed financial institutions participating in the bill market. The occurrence of the event.

8. Adhere to the essence of serving the real economy.

9. The financing bank acceptance bill can be gradually piloted. Reasonably adjust the macro-prudential evaluation parameters of commercial banks, encourage financial institutions to increase the credit supply of private enterprises and small and micro enterprises, and improve the policy of targeted reduction of inclusive finance. Increase the amount of refinancing and rediscounting, and cover the policy of supporting small loans and rediscounting to cover all types of financial institutions including private banks. Increase the support for private enterprise bill financing, simplify the discounted business process, improve the efficiency of discount financing, and timely rediscount. Accelerate the construction of a financial service system that matches the needs of private small, medium and micro enterprises. Deepen the joint credit grant pilot and encourage banks and private enterprises to build medium- and long-term silver-enterprise relationships. Under the background that the government encourages financial institutions to support the development of private, small and medium-sized enterprises, it is the best opportunity to try out financing bank acceptance bills.

10. Pilot to accumulate experience in exploring open financing commercial acceptance bills. The financing bank acceptance bill is to observe the changes that may occur in the market after the trial and relaxation of the review of the trade background. The statistical comparison of the amount of the acceptance, the amount of the discount, and the amount of the discounted discount, and the discount rate of the bill and the discount of the bill The overdue rate, the incidence of bill cases, and the loss rate of bills were analyzed to find out the causes of the problems and the occurrence of the cases, and to accumulate development ideas and lessons. After all, the financing bank acceptance bill is still accepted by the bank. The credit risk is finally deposited in the banking system, which is not conducive to the risk dispersion to the outside of the system. The potential systemic risk hidden danger caused by indirect financing has not been alleviated. The pilot financing bank acceptance bill can accumulate experience for exploring open financing commercial acceptance bills. The final acceptor of the commercial acceptance bill is the enterprise, and the credit risk is given to the market for judgment, and will not excessively endanger the security of the banking system. Commercial banks have the right to choose whether to provide financing commercial discount bill discounting services, which recipients to provide commercial acceptance bills, etc., can actively manage risks, and achieve sustainable operation through risk pricing to solve the problem of corporate financing difficulties. To better serve the real economy.

(Article source: Securities Times)

                (Editor: DF407)

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