How can SMEs be rescued under the epidemic?Dialogue between scholars, banks, and enterprises

How can SMEs be rescued under the epidemic?Dialogue between scholars, banks, and enterprises
On May 21st, Sauna Night held the national “Two Sessions Economic Policy” series of salons to rescue small and medium-sized enterprises.The salon focused on the survival status and transformation practice of small and medium-sized enterprises in the epidemic. The guests included members of the National Committee of the Chinese People’s Political Consultative Conference, Zhang Zhanbin, Dean of the Marxist School of the Central Party School (National School of Administration), member of the National Committee of the Chinese People’s Political Consultative Conference, and chairman of the Inner Mongolia Domond Industrial GroupShi Lei, Li Daying, President of Huaxia Bank Beijing Branch, and Hong Bo, Vice President of Jingdong Group.Among them, Zhang Zhanbin said that the epidemic brought unprecedented challenges, especially for small and medium-sized enterprises. At present, the implementation of financial policies and taxes and fees must have a certain supporting role.Because of the age-old problem of small and medium-sized enterprises in financing, the banking industry should have more latitude in lending and loan renewal.In addition, measures such as lowering social security and reducing rent can be discussed.Data chart ● Zhang Zhanbin ‘s enterprises need to switch models, research and innovation, and improve their internal strengths. The National Committee of the Chinese People ‘s Political Consultative Conference, Zhang Zhanbin, Dean of the Marxist School of the Central Party School (National School of Administration) said that the epidemic is an unprecedented challenge, and the impact of the enterprise is a systemic problem.Both are quite difficult, and SMEs are even more difficult.At present, the scale of the policy has been working hard to help small and medium-sized enterprises. The fiscal policy has been issuing national bonds on a large scale, and local governments have also increased the space for issuing bonds.From a financial point of view, it is an old problem for SMEs to find financing difficult and expensive, and it is becoming more urgent in the current situation.Zhang Zhanbin said that the entire banking industry should have more room for lent and renew loans.”Under special circumstances, if the BM cannot be guaranteed, the interest of the bank in the future will also be damaged.”From a market perspective, state-owned enterprises should take the lead in resuming production and resuming production to drive multiple resumption of production in the market and provide space for SMEs.In addition, it is necessary to reduce the control of the market environment. For example, in terms of administration and environmental protection, these small and medium-sized enterprises have room for survival.Zhang Zhanbin believes that as long as it is a practice that is conducive to the survival of SMEs, it must be viewed with a more forgiving perspective.In addition, measures such as reducing social security, reducing rents, and mobilizing enterprises and employees to form a community can be discussed.Zhang Zhanbin also said that enterprises should also be prepared for long-term response. Some industries in the epidemic have achieved rapid development, such as online economy, medicine and health industries. Some industries have been transformed and upgraded, and some new industries have emerged.Enterprises can only switch to the past model, research and innovation, and practice their internal skills to find new growth points in the market economy.Photo courtesy of senior executives ● One of the major problems encountered by Shi Lei’s private enterprises is that when the guarantee chain talks about the outstanding problems faced by modern enterprises, Shi Lei, member of the National Committee of the Chinese People’s Political Consultative Conference and chairman of Inner Mongolia Domonde Industrial Group, said that the biggest feeling is the increase in costs and shrinking demandThe capital flow problem is relatively large.”I hope that the supply side will resume the production at the same time, and now the demand on the demand side is most needed. The upstream and downstream can be matched to be on track. Is the basic problem now normal?”” He further stated that the current upstream enterprises have better conditions for resuming production, but there is still a gap between downstream enterprises for resuming production. There are unsalable products and prices have fallen, resulting in upstream epidemic prevention costs, labor costs, and raw material costs all rising.Shi Lei said that in the name of private enterprises, the biggest experience in this epidemic is that funds are the first, and how to solve the funds. According to the private enterprises interviewed, the common problem encountered is the problem of the guarantee chain.”Now that many guarantee companies do not provide guarantees, private enterprises cannot get in. They can only rely on mutual guarantees between enterprises to solve financing problems.Suppose there are 10 enterprises in a guarantee chain, and one is out of order, and the remaining enterprises are all concerned, resulting in a situation of losing too much.”Shi Lei said.Shi Lei also mentioned how during the epidemic, companies could survive without layoffs or production cuts.For example, during the epidemic, hotel employees cannot take all holidays, but basically they are basically zero, so they do charity, send lunch boxes, let employees do their jobs, and the society is warm.The amount of daily necessities procured by farmers is relatively large. The surrounding farmers actively contact them. As long as the quality is passed and the prices are fair, they can all switch channels.The main products of small and micro enterprises can be supplied to enterprises and help each other.Data Picture ● Li Daying ‘s solution to the survival problem of the enterprise is to activate consumption. Li Daying, President of China Bank Beijing Branch, said that to solve the survival difficulty of small and micro enterprises, the source is to activate consumption. Consumers ‘confidence in the future economy is relatively sufficient.Coupled with short-term internal government measures such as the generation of consumer vouchers, they have played a large role in supporting consumption.At the same time, it is an investment. Li Daying suggested that more projects be used to boost investment. For example, Wuhan adopts an ex-post filing system to greatly accelerate the speed of project landing.From a financial perspective, financial institutions have played an important role in solving the funding difficulties of SMEs.Huaxia Bank has established a dedicated business department to conduct targeted risk prevention and control of small and micro enterprises such as Kechuang and audit risks from the perspective of the industry chain; in terms of renewal of loans for small and micro enterprises, Huaxia Bank launched a five-year annualFeatured products such as loan review.The financing guarantee mechanism is also an important supplement to corporate financing. Li Daying said that the SME financing guarantee mechanism can be improved from the aspects of guarantee companies and supply chain finance.In terms of guarantee companies, the government grants a part of the guarantee company’s funds to supplement some of the compensation for losses, which can guarantee the value tolerance of the guarantee company.In terms of supply chain finance, it is mainly the cooperation between banks and enterprises. If the supply side or the sales side in the supply chain is very strong, enterprises can borrow their credit.Li Daying introduced that Huaxia Bank’s supply chain finance can accept suppliers from level 2 to level 3. As long as the single business chain is complete, this business chain will form a self-guarantee and will not increase the debt of core companies.Photo courtesy of senior executives ● Hong Bo needs to think about how to activate the internal vitality of small and medium-sized enterprises. During the dialogue, Hong Bo, vice president of Jingdong Group, was concerned that the epidemic situation was under control, but the shrinking face of small and medium-sized enterprises faced some relatively weak market demand.As enterprises continue to aggravate, supply chain services cannot keep up, and many enterprises have difficulty in digital transformation.When talking about a reasonable way to help companies more accurately, Hong Bo said that during the epidemic, JD.com introduced supplementary support measures for the first time to help companies affected by the epidemic stabilize their operations and increase sales.The most important thing to think about is how to stimulate the internal vitality of SMEs, effectively help them reduce costs, improve efficiency, and enhance their ability to resist risks.Talking about the enlightenment of the epidemic to the enterprise, Hong Bo believes that the enterprise’s own management capabilities are very important, and the enterprise must have its own core differentiated advantages.”We see that traditional small and medium-sized enterprises are relatively weak in anti-risk capabilities. At present, businesses are increasingly showing interconnected and shared ecosystems. In this case, small and medium-sized enterprises have the conditions and should focus more on their core values and focus on their mostExcellent long-term things, one that maximizes the overall product and service, and others that are relatively mature, especially retail service providers with strong anti-risk capabilities, so that when the risk comes, the enterprise’s anti-risk capabilities will increase, andIts own core competitiveness can be very well protected.Hongbo said.He also said that the outbreak is a crisis and possibility for all companies, including small and medium-sized enterprises.It is hoped that SMEs can further accelerate their digital transformation. JD.com will also use its own smart supply chain, technology, logistics and other advantages to provide full service to help SMEs.Sauna, Ye Wang, Gu Zhijuan, Cheng Weimiao, editor Wang Jinyu, school against Chun Zeng