The problem of SME bond financing has not been solved for a long time, which has become the weakest link in China's multi-level financing system. The National Development and Reform Commission approved three enterprises in Zhongguancun, Beijing and 20 small and medium-sized enterprises in Shenzhen to issue bonds for financing. This is the first time that small and medium-sized enterprises in Shenzhen have collectively issued bonds.
The so-called collective bond issuance is commonly known as "bundling bond issuance". Previously, it was in 2003 that China Hi-tech Industrial Development Zone bonds created a precedent of bundling corporate bonds in China. At that time, 12 enterprises in different high-tech zones in China issued bonds in the form of "unified name, separate liabilities, separate guarantees and bundled issuance".
In fact, financing is the biggest bottleneck faced by SMEs. Recently, in addition to the state's increasing financial and financial support for small and medium-sized enterprises, various industry associations are also taking measures to make up for the funding gap of small and medium-sized enterprises. Reporter: What I have in my hand is a survey data sheet provided by China Small and Medium Enterprises Association. At present, 4.3 million small and medium-sized enterprises in China have created 60% of GDP, but the amount of loans they can get from banks is less than 1/4 of the total commercial loans. In the first quarter of this year, this proportion has dropped by nearly 10 percentage point. Coupled with the increase in production costs, the funding gap of SMEs is above 30%.