Sanxiang Metropolis Daily reported on March 25 that more than 10 banks from the province, more than 30 financing guarantee companies, and nearly 300 small and medium-sized foreign trade enterprises participated in the “Hunan Small and Medium-sized Foreign Trade Enterprises†jointly organized by the Provincial Department of Commerce and the Department of Finance. The financing guarantee and the bank matchmaking meeting were faced with each other. Changsha Oceanic Auto Parts Co., Ltd. is one of the 300 companies. The legal representative, Miss Wang, hopes to find an institution that can guarantee her foreign trade orders at this matchmaking meeting.
Seeking a guarantee repeatedly Miss Ms. Wang told reporters that in 2009, Changsha Ocean launched an export business for the ASEAN Myanmar market. "This year we successfully received more than 2 million US dollars of orders from Myanmar, and the transaction method was changed to letter of credit transaction. The new problem we are now facing is that Myanmar is one of the four new members in the China-ASEAN Free Trade Area. The financing guarantee is not very convenient.†Miss Wang introduced: “We went to the bank designated by the Myanmar side – Singapore UOB Bank in Shanghai for consultation. The accident was that they said that they could not guarantee. We also consulted another guarantee institution by telephone. I heard that Myanmar did not answer affirmatively."
Three-way docking support for small and medium-sized enterprises "In mid-April, this year's export of more than 900,000 US dollars of parts and components will be shipped. When we see unsecured exports, we received a text message from the Provincial Department of Commerce, and learned today's docking Yes. I really like the feeling of falling from the sky."
At today's matchmaking meeting, the Provincial Department of Commerce and the Department of Finance said that the special funds for financing guarantees for small and medium-sized foreign trade enterprises in Hunan will support the guarantee institutions that provide financing guarantees for small and medium-sized foreign trade enterprises through three ways.
The three methods are: financing guarantee business for small and medium-sized foreign trade enterprises carried out by guarantee institutions, which is funded according to 2% of the guarantee amount; if the other fees are not raised, the guarantee rate is lower than the bank's loan benchmark for the same period. The financing guarantee business of small and medium-sized foreign trade enterprises with an interest rate of 50% will be rewarded; the local government that supports the credit guarantee underdeveloped areas will set up a guarantee institution to carry out financing guarantee business for small and medium-sized foreign trade enterprises.
The guarantee company responded positively. Yang Peng, the account manager of Yueyang SME Guarantee Investment Co., Ltd., told reporters that “the law stipulates that the guarantee company’s premium cannot exceed 50% of the benchmark interest rate, which means that if the bank’s interest rate is 5.31, our premium It can only be below 2.66. In fact, the risk we bear is the same as that of the bank, but the income is much smaller. Now the government will give corresponding rewards and subsidies, which will definitely increase the enthusiasm of our guarantee."
Yang Peng introduced that in 2009, Yueyang SME Guarantee Investment Co., Ltd. underwritten 200 million yuan, of which foreign trade companies only accounted for 30% to 40% of the policies. "I believe that after the support policy for small and medium-sized foreign trade enterprises comes out, it will increase the share of foreign trade policies in the total amount of guarantees."
Data In 2009, the province used a small amount of financing guarantee funds for small and medium-sized foreign trade enterprises to provide a total of 43.402 million yuan of financial support to 21 eligible financing guarantee institutions. Among this special fund, the support funds for encouraging guarantee institutions to provide financing guarantee services to small and medium-sized foreign trade enterprises are 19.1814 million yuan, and the support funds for encouraging guarantee institutions to provide low-rate guarantee services are 6.959 million yuan, and the funds for guarantee institutions are 17.28 million. yuan.