Starting from July 15, the central bank decided to lower the deposit reserve ratio of financial institutions by 0.5 percentage points. Therefore, the People’s Bank of China will release trillions of funds, which will reduce the financing costs of small and micro enterprises. The central bank’s policy of lowering reserve requirements to release funds is a manifestation of national macro-control in monetary policy. What impact will it have on small, medium and micro textile enterprises?
As the primary factor in business operations, financial status restricts corporate development. It is understood that a certain yarn mill with 30,000 to 50,000 spindles consumes 1,500-1,800 tons of cotton annually. Based on the current market price of cotton, which is 16,500 yuan for grade 3128, the company must prepare at least about 1 million yuan to purchase these raw materials in batches. , Therefore, it is normal for small and medium-sized textile enterprises to obtain bank loans of about one million yuan, and if the market is not good, the inventory of raw materials and products is large, and the impact of capital occupation on turnover will be intensified. Enterprises report that in recent years, corporate financing has not been very difficult, but enterprises prefer to obtain financing loans from state-owned commercial banks and financial enterprises with good credit standing and moderate interest rates. After all, social fund-raising and private lending are not protected by policies, have high risks, and have poor social impact. Merchants with a little political and economic acumen are staying away from illegal and irregular financing activities. Now the central bank has lowered the reserve requirement to release funds, and corporate financing The quota will be increased, the financing possibilities will be increased, and the security of the use of funds protected by policies will be more conducive to business operations, so small, medium and micro enterprises will naturally welcome it.
The release of funds should obviously reduce the financing costs of small, medium and micro enterprises. First of all, the loan interest rates of the four major banks such as Bank of China and some large-scale commercial banks are generally lower than social financing and private lending. Moreover, the increase or decrease in financing costs caused by unexpected risks is also a relatively large factor in corporate operating factors. In the past, some There are numerous cases of unexpected losses caused by small factories and private enterprises due to improper lending of funds. The risk cost of loans from the four major banks and some large-scale commercial banks is quite low. As long as there is mutual trust, the lending operation will mostly be a virtuous cycle. Secondly, the standardization of the entire financing process is also a major reason for the reduction of financing costs. Small and medium-sized micro-textile enterprises have obtained financing through other channels, but due to certain expenditures in the process of public relations, negotiations, and loan repayments, the cost of collective financing has actually increased. Enterprises pay more attention to accepting big banks when choosing funding solutions.
In addition, the cotton reserves in 2021 are booming. This round of central bank reserve requirement cuts have released trillions of funds, which will provide strong support for small and medium-sized textile companies to actively finance and participate in bidding. </p
