New channels, creative financing modes can help private enterprises

SINCE THE TOP LEADERSHIP expressed its firm support for the development of private enterprises, especially small-and medium-sized ones at a symposium for entrepreneurs on Nov 1, many supportive policies have been introduced. Gmw.cn comments:

Of these, the policies related to financial support are the most attractive. Over the past several years, many private enterprises have faced difficulties getting bank loans. According to data, private enterprises account for about 60 percent of the national economy, yet the loans they get from commercial banks account for only 20 percent of the total.

That is why the recent move of several commercial banks to simplify the loan procedures for private enterprises was welcomed. However, merely simplifying loan procedures for private enterprises to get loans is not enough because the loan threshold is still very high. Besides, the total amount of loans remains the same, so many private enterprises are still unable to get the loans they need.