“There is no data indicating that there has been a closure of small and medium-sized enterprises in Guangdong.†At the 11th high-level roundtable meeting of major chambers of commerce between Guangdong, Hong Kong and Macau, Zhou Zhenhong, a member of the Standing Committee of the Guangdong Provincial Party Committee and the Minister of the Provincial Party Committee, used four sets of data to prove this assertion. .
"There has been no closure of the tide, does not mean that the situation is not serious." Zhou Zhenhong also said that from the overall situation, Guangdong SMEs are indeed facing more serious problems, "For example, internal and external needs of the economy is not enough to pull, the quality of the enterprise itself It is generally not high, the industry level is still relatively low, environmental constraints, resource constraints are very prominent, lack of talent, the government has not yet changed its functions, appreciation of the *** and so on."
Since the second half of 2010, international bulk commodities have entered a new round of rising cycles, and major industrial raw materials such as crude oil, iron ore, and non-ferrous metals have risen by as much as 20% to 80%. In particular, since 2010, the Central Bank has raised the deposit reserve ratio and raised interest rates five times in a row. “Small and medium-sized enterprises have been 'wrongly injured' by the government's regulatory policies,†said Guangdong Provincial Party Committee Vice Minister of Policy and Planning, and the Provincial Federation of Industry and Commerce Party Group. Hao Ming said that the current cost of financing for SMEs has risen and the financial pressure has become prominent.
According to a survey conducted by the Guangdong Provincial Federation of Industry and Commerce, in the first half of 2011, only 38% of companies could obtain ** from commercial banks. Some large companies extended the settlement period from 45 days to 90 days, transferring the shortage of funds to the SMEs in the downstream, which led to tighter cash flow for SMEs.
"At present, many companies are not very interested in matching large orders because they do not have enough funds for early advance production," said Gao Kaixian, president of the Chinese Chamber of Commerce in Macau. He believes that with the gradual tightening of liquidity and the limited availability of resources, the selection and review of commercial banks by commercial banks will become tighter, especially for SMEs.
For Hong Kong and Macao SMEs, which are mainly engaged in processing trade, the continued appreciation of *** has undoubtedly become an important incentive for squeezing corporate profits and increasing operating risks.
Ding Tiexiang, president of the Hong Kong Chamber of Commerce for Small and Medium-sized Enterprises, took an order of US$1 million as an example, removing 20% ​​of the deposit, and 80% of the US$800,000 was exposed to the risk of currency exchange if the order was closed after 3 months. During the period, *** rose 1% against the U.S. dollar, and companies will face an exchange loss of 8,000 U.S. dollars, accounting for 0.8% of the total orders.
According to a survey conducted by the Guangdong Provincial Federation of Industry and Commerce, the ratio of Guangdong's tax revenue to GDP was 25% in 2010, compared with 17% in Jiangsu Province during the same period.
Huang Zhiyun, executive president of the Guangdong Provincial Private Enterprise Chamber of Commerce, believes that the prices of labor factors such as labor costs, land costs, and raw material prices are somewhat rigid. Except for crisis and major technical breakthroughs that lead to a phased decline, the long-term adjustment trend is one-way. It will be a long-term trend. In addition, the continuous appreciation of *** for a certain period has caused the cost of export companies to rise. All this will form a strong squeeze on corporate profits.
"There has been no closure of the tide, does not mean that the situation is not serious." Zhou Zhenhong also said that from the overall situation, Guangdong SMEs are indeed facing more serious problems, "For example, internal and external needs of the economy is not enough to pull, the quality of the enterprise itself It is generally not high, the industry level is still relatively low, environmental constraints, resource constraints are very prominent, lack of talent, the government has not yet changed its functions, appreciation of the *** and so on."
Since the second half of 2010, international bulk commodities have entered a new round of rising cycles, and major industrial raw materials such as crude oil, iron ore, and non-ferrous metals have risen by as much as 20% to 80%. In particular, since 2010, the Central Bank has raised the deposit reserve ratio and raised interest rates five times in a row. “Small and medium-sized enterprises have been 'wrongly injured' by the government's regulatory policies,†said Guangdong Provincial Party Committee Vice Minister of Policy and Planning, and the Provincial Federation of Industry and Commerce Party Group. Hao Ming said that the current cost of financing for SMEs has risen and the financial pressure has become prominent.
According to a survey conducted by the Guangdong Provincial Federation of Industry and Commerce, in the first half of 2011, only 38% of companies could obtain ** from commercial banks. Some large companies extended the settlement period from 45 days to 90 days, transferring the shortage of funds to the SMEs in the downstream, which led to tighter cash flow for SMEs.
"At present, many companies are not very interested in matching large orders because they do not have enough funds for early advance production," said Gao Kaixian, president of the Chinese Chamber of Commerce in Macau. He believes that with the gradual tightening of liquidity and the limited availability of resources, the selection and review of commercial banks by commercial banks will become tighter, especially for SMEs.
For Hong Kong and Macao SMEs, which are mainly engaged in processing trade, the continued appreciation of *** has undoubtedly become an important incentive for squeezing corporate profits and increasing operating risks.
Ding Tiexiang, president of the Hong Kong Chamber of Commerce for Small and Medium-sized Enterprises, took an order of US$1 million as an example, removing 20% ​​of the deposit, and 80% of the US$800,000 was exposed to the risk of currency exchange if the order was closed after 3 months. During the period, *** rose 1% against the U.S. dollar, and companies will face an exchange loss of 8,000 U.S. dollars, accounting for 0.8% of the total orders.
According to a survey conducted by the Guangdong Provincial Federation of Industry and Commerce, the ratio of Guangdong's tax revenue to GDP was 25% in 2010, compared with 17% in Jiangsu Province during the same period.
Huang Zhiyun, executive president of the Guangdong Provincial Private Enterprise Chamber of Commerce, believes that the prices of labor factors such as labor costs, land costs, and raw material prices are somewhat rigid. Except for crisis and major technical breakthroughs that lead to a phased decline, the long-term adjustment trend is one-way. It will be a long-term trend. In addition, the continuous appreciation of *** for a certain period has caused the cost of export companies to rise. All this will form a strong squeeze on corporate profits.
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