Analysis of the Current active private lending Causes and Suggestions毕业论文翻译.docx
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AnalysisoftheCurrentactiveprivatelendingCausesandSuggestions毕业论文翻译
AnalysisoftheCurrentactiveprivatelendingCausesandSuggestions
[Abstract]Inrecentyears,alongwitheconomicdevelopment,capitalsupplyanddemandhavebecomeincreasinglyprominent,China’sprivatelendingisveryactive,thereasonismultifaceted.Privatelendingprosandcons,shouldguidepluscounseling,andtotakeactivemeasurestodealwith.
[PaperKeywords]privatelending,causes,suggested
First,thestatusofprivatelending
Privatelendingisanancientwayoffinancing,inourcountry,therehasbeenveryprivatelendingmarketiscurrentlyveryactiveprivatelending,accordingtoMay15,2012Shanxilegalreports,thepastoccurredinprivatelendingbetweenfriendsandrelatives,multi-purposeloansforeverydaylifeandproductionturnaroundneeded,andnowtherelativesandfriendsofborrowingisnotthemaintypesofprivatelendingisnowaprivatelendinginmanycasesisintroducedbyanintermediary,lendersandborrowersarenotmet,theborrowerhandledsolelythroughintermediarieswiththerepayment,lendingalsoverycommonphenomenonmanytimesandmanyplacestherewasa“professionallenders”and“rentierclass”,manyofthempublicofficialsonthescene.presentstageinthemainbodyofprivatelendingchaosisfarmorethantheabovestatements,manygovernment-ledsecuritycompanies,smallloancompaniesandlistedcompaniesarealsoinvolvedinprivatelendingbusiness.stageoftheprivatelendingscopehascoveredthewholecountry,andtheinterestratesaregenerallyhigher,infact,hasbecomeusury.
Becausehighlendingrates,hasexposedmanyseriousproblems,suchasWenzhou,Zhejiang,InnerMongoliaErdos,Qingdao,Shandong,HenanAnyang,brokeoutprivatelendingfundsstrandbreaks,thebossdebt“onfoot”event,indicatingthatprivatelendingexposureshavebeennotalocalproblemofindividualdistrictsfaceofsurgingprivatelendingcrisisofhowtosortoutprivateloansfromthesourceofexposurecausesawiderangeofrisks,andtotakeeffectivecountermeasures,isplacedinfrontofoneoftheurgentneedtobreakproblems.
Second,thecurrentactiveprivatelendingCauseAnalysis
WhyChina’scurrentprivatelendingsoactive?
Ithink,formanyreasons,themostimportantreasonsare:
First,thehighinterestratesaretheprimarycauseofactiveprivatelending,according<<SupremePeople’sCourtonSeveralOpinions>>lendingcaseprovidesprivatelendinginterestrateshigherthanbankinterestratescanbeappropriate,localpeople’scourtinaccordancewiththetograsptheactualsituationinspecificareas,butcannotexceedsimilarbanklendingratefourtimes.exceedsthislimit,theexcessinterestshallnotbeprotectedbutsincethefundsearningsdrivenbyideology,manyownersofthestatefundsregardlessofthelaw,takethemosturgentneedoffundsforSMEsandthoseofthecrisis,risinglendingrates,resultinginprivatelendinginterestratesareclimbinghigherandhigher,forexample,accordingtoWenzhouBranchBankingMay2011Wenzhouprivatefinancingforanauthoritativesurveyshowthatsinceearly2011,privatelendinginterestratescontinuetoriseasofMarch,theaveragemonthlyrateofWenzhouprivatelendinghasreached15.38‰,thanatthebeginningof1.21‰,arecordhigh.Again,inAprillastyear,theShenzhenPawnShopsThemonthlyinterestratemortgagehasreachedabout4%,equivalenttoanannualizedrateof48%.
Second,thecontinuedtighteningoffinancingpolicyiscausingthecurrentprivatelending“hot”therootcauseordertostrengthenthenationalmacro-control,inrecentyears,thestatecontinuedtoreceivefundingpolicy.Accordingtothedata,in2011,thecentralbankraisedthedepositreservethroughfrequentrateofmonetarytightening,thecontinuedtighteningofcreditfunds,creditgrowthwassignificantlyreducedto15%orlessofthelowerlevel.Apartfrombankfinancingstatementdown,thebankbalancesheetfinancingalsodecreasedsignificantlynotonlybankfinancingcontinuedtodrop,butOtherfinancingsourcesalsosignificantlytightened,accordingtostatisticsreleasedbythePeople’sBank,2011firstthreequartersofChina’stotalsocialfinancingscaleof9.8trillionyuan,down1.26trillionyuan.exceptyuanloansizewassignificantlyreducedcomparedwithlastyearoutside,trustloans(anincreaseof392.4billionyuanless,undiscountedbankers’acceptances(anincreaseof984.3billionyuanless,corporatebonds(adecelerationof137.3billionyuan,equityfinancing(anincreaseof11.3billionyuanlesshaveshownasignificantreductioninOnlyforeigncurrencyloans(upby184.9billionyuan,andentrustedloans(upby562.5billionyuanlastyear,asignificantincreasecomparedtotheaboveformalfinancingchannelstightened,andthebrightestcompanieshavetoseekfundingcivilusurymarket,resultinginprivatelendingException“hot”,lendingratesareconstantlyrising.
Third,SMEfinancinghasnotbeenresolvedisthemostactiveprivatelendingdirectcause.Financingdifficult,difficultfinancingofSMEsinChinahasbeenplaguedbyamajorprobleminrecentyears,internationalanddomesticeconomicenvironmentispoor.Foreigndebtcrisiscontinuetosimmer,EuropeandtheUnitedStateshavetightenedthewaistband,thedomesticrawmaterialpricescontinuetorise,recruitmentdifficulties,pressureofRMBappreciationhasalsoaggravatedtheplightofsurvivalofSMEs.financingbutalsowiththefinancingchainmultipleobstructionrelatedwitheconomicdownstreamobstructionofindustry,aswellassecurityaspectsofobstruction,obstructionofsocialcapitalinvestmentchannels,sofinancing,highfinancingcostsbecomeaninsurmountabledividelieinfrontofmanySMEsTosolvethisproblem,thestatedoesnotspendlesseffortforexample,fromthecentralbankreleaseddata,in2011,thebankingsystem’ssupportforSMEsseembiggerthaninanypreviousyear:
Asofthethirdquarter,SMEloans(includingthebalanceof20.76trillionyuanbillsdiscounting,anincreaseof17.5%,anincreaseof2.26trillionyuan,accountingfor68.4%ofnewloansbusiness,sowhySMEfinancingproblempersistsit?
fundamentalreasonisthatmoneysupplyanddemandimbalance,withoutaperfectfinancialsystem,SMEfinancingchannelisnotsmooth.dominatedbystate-ownedcommercialbanks,“bigfinance”isdifficulttomeet,“asmallnumberofbatchesofmore”needsofSMEs,so,manySMEshadtoprivatelending.
Fourth,therealestatecontrolpolicyhasledtoanimportantreasonforprivatelendingactivitysincethebeginningof2010,thestateissuedaseriesofsevererealestatecontrolpolicies,whichaveryimportantoneisthroughthetighteningoftherealestatefinancingchannelsforenterprises(including“SilverTrustCooperation“loans,commercialbankloans,bonds,equityfinancing,etc.,to”forcing“itthroughasaletosolvecashflowproblems.implementationofthispolicy,therealestatefinancingchannelsforenterprisesgreatlynarrowedduetotightsupplyoffunds,Inordertomaintaintheprojectdevelopmentfundingneeds,therealestateenterprises,especiallysmallandmediumrealestatecompanies,hadincreasedintheprivatelendingmarketfinancingefforts,whiletheprivatelendingmarkethasalwaysbeensmallandmediumrealestatecompanies(especiallysmallandmicroenterprisestraditionalfinancingchannels.
Third,theprivatelendingSuggestions
Ithink,asakindofprivatelendingfundsallocation,itisa“double-edgedsword.”Ontheonehand,inbanks,creditunionsandstrictlycontrolthescaleofcreditinthecase,alongwitheconomicdevelopment,capitalsupplyanddemandisincreasinglyprominent,privatelendingmarketdemand,basedontheswapmarketcapitalsupplyanddemand,thepromotionoflocaleconomicdevelopment,tosolvepersonal,corporateproductionandotherurgentlyneededtomakeupforlackoffinancialinstitutions,credit,liquidityandacceleratesocialuse,doesplayaShiyibuqueeffect,however,ontheotherhand,therearemanyprivatelendinghasnegativeeffects:
increasedtheburdenonenterprises,leadingtoaviciouscycleusecorporatefunds,affectingthenormaldevelopmentofthefinancialsector,resultinginthelossoftaxpayable,economicdisputesfrequentlyaffectsocialstability,andsoon.
So,forprivatelendingweshouldadopta“correctguidance,Hennessysuppressiondisadvantages,andpromotedevelopment”principle.Tothisend,proposesthefollowingcountermeasures:
First,strengthentheprivatelending“Boot”and“grooming.”Privatelendingcrisishashighlightedthecountryinfinancialreformandfinancialliberalization,therearestillsignificantdeficiencies.Treatfolkspontaneousformationoffinancialmarkets,totakereformtoeaseitsandnorms,shouldnotblindlyadopta“block”approachtobepressedontheonehand,tostrengthentheprivatelendingpolicy,“boot.”policyguidancecanenhancepeopleforprivateloanshaveamorecomprehensiveunderstanding.Totakeadvantageofpolicyadvocacy,financingknowledgeeducation,legalsystemandothermeanstoguideprivatelendingtowardhealthydirection,inparticular,toeffectivelyguidetheprivatelendingfundstosupportthedevelopmentofSMEsontheotherhand,localgovernmentsshouldactivelysetupregistrationcentersandprivatelendingprivatecapitalManagementCenter,accreditedprivatecapital,effectivelydivertittopromotethestandardizationofprivatelendingmarket,market-orienteddevelopmentofthesun,toplayitspositiverole.
Second,increasefinancialreformandopeningup,assoonaspossiblewithinthesy