应收账款融资问题研究——山东省菏泽市应收账款融资案例分析

Research on Accounts Receivable Financing——A Case Analysis on Accounts Receivable Financing in Heze City

随着中国人民银行《应收账款质押登记办法》的颁布实施和中国人民银行征信中心"应收账款质押登记公示系统"的上线运行,应收账款融资市场迅速发展,缓解了部分市场主体资金困难。然而,由于信息不对称、风险收益不对称等原因,银行将大多数中小企业排除在融资市场之外。为改变中小企业在融资市场中的弱势地位,应成立政策性专业担保公司,降低银行信贷风险;金融机构要自我完善,提高其金融服务功能;中小企业应加强应收账款的风险管理和控制,积极参加信用体系建设。

With the promulgation of the PBC Measures for Registration of Accounts Receivable Pledge and on- line operation of the PBC Credit Information Center ＂registration of receivables pledge publicity system＂ , a rapid devel- opment has been gained in the accounts receivable financing market, which has eased the financial difficulties of some market players. However, owing to asymmetric information, asymmetric risk -yields, etc. , most small and medium firms are excluded by the banks from the financing market. To change the SME financing market in a weak position, it＇s necessary to set up professional policy security companies to reduce the risk of bank credit ; it＇s necessary for financial institutions to make self - improvement for improving their financial services; it＇s necessary for small and medium enterprises to strengthen risk management and accounts receivable control and actively participate in the credit system construction.