Shanghai'S First Small And Micro Enterprises Business Cooperatives Will Be Established

"First Financial Daily" reporter recently learned from Minsheng Bank, "Changning District government Minsheng Bank Shanghai branch small and micro enterprise urban business cooperatives" plan is set up in the middle of this month, this will be the first city in Shanghai.

It is reported that the cooperative is the co - operation of the Shanghai Changning District government and the people's livelihood bank, relying on the 5 branches of Shanghai Changning District under the jurisdiction of the Minsheng Bank, together with the government related functional departments of the nine Street Town and other business enterprises in the District, which belong to the "voluntary organization of service organization".

Changning District Standing Committee and deputy district leader Yun Yun has led the relevant leaders, including the Changning District development and Reform Commission, the Changning District Business Committee, the Changning District state owned management company and Changning District's streets and towns, to discuss with the Minsheng Bank.

Banks get rid of "worship of collateral"

Many small and micro enterprises are naturally lack of collateral financing characteristics, and banks generally have the characteristics of "fear of risk" and make them overly value the collateral of loan customers in the process of loan approval.

The inertia thinking of banks makes some small and micro enterprises only "hope and sigh".

The establishment of Minsheng Bank Shanghai small and micro enterprise business cooperation is also the embodiment of modern city finance getting rid of the "inertia of worship".

Wang Jianping, party secretary and governor of Minsheng Bank Shanghai branch, said that in order to support the financing and development of small and micro enterprises, the key step for Minsheng Bank to get out is to break through the traditional credit mode and explore the new mode of intensification.

Wang Jianping introduced Minsheng Bank's official launch of small and micro businesses since 2009.

Since 2011, the continuous weakening of the world economy and the tightening of national monetary policy have made private small and micro enterprises enter the "cold winter".

"The demand of small and micro enterprises in this special period has put forward higher requirements for Minsheng Bank's small and micro financial services, and the small and micro enterprises' urban business cooperatives are precisely for their needs."

President Wang Jianping said, "Minsheng Bank will try to change from purely providing loan services to providing comprehensive financial and non-financial services."

In fact, since the recent stage, apart from Minsheng Bank, with the establishment and improvement of the new credit evaluation mechanism and management system, many banks have got rid of the "collateral worship" financing way to help small and medium-sized enterprises.

Among them, the "credit factory" mode of China Construction Bank and Bank of China, the "scorecard" mode of China Merchants Bank, and the "geo credit" mode of small banks such as Zhejiang's Tai Long bank are all pioneers in the industry.

Minsheng micro finance "trilogy"

The State Council and the Banking Regulatory Commission have issued financial and fiscal policies supporting small and micro enterprises' financial services, providing policy support for banks to carry out financial services for small and micro enterprises.

Minsheng Bank has been supporting frequent new initiatives in recent months.

At the end of last year, Minsheng and Pudong, Xingye and other banks took the lead in launching small and micro enterprises' financial debt and received approval from the regulatory authorities. Minsheng Bank's special financial debt amount was the largest, 5 million, while the other two banks were 3 million.

At the same time, our reporter also from Minsheng Bank Shanghai branch.

In addition to the above two new initiatives, a senior executive at Minsheng Bank Shanghai branch revealed that the bank's "trilogy", that is, the establishment of small and micro enterprises urban business cooperatives, is designed to integrate resources from government, enterprises and small businesses.

The high level said that this "resource integration" will help Minsheng Bank take the lead in the new round of competition.

According to the introduction, the cooperative will "unite the small and micro enterprises and individuals scattered in Changning District and organize them to serve members and support small and micro enterprises through integrating social resources, building communication platforms, and innovating financing channels".

"The small and micro enterprises play an irreplaceable role in promoting economic growth, increasing employment, technological innovation and social harmony and stability," said Yun Yun, vice governor of Changning District. "This cooperative will be the best tool for Changning District to support small and micro enterprises in the region."

Data show that as of the end of 2011, Minsheng Bank's national small and micro enterprises loans balance exceeded 230 billion yuan, about 70000000000 yuan more than the beginning of the year, the cumulative total of more than 240 billion yuan.

At the end of 2011, the balance of loans for small and micro enterprises in Minsheng Shanghai branch was 20 billion 900 million yuan, of which only 10 billion 200 million yuan of mortgage loans were lower than the average level of the same industry.