我国小额贷款公司“双赢”机理研究

A Study of the “Win-win” Mechanism Operated by Small Loan Companies in China

分析了小额贷款公司的性质没有阻碍反而促进了小额贷款公司发展并达到"双赢"的原因,并对小额贷款公司再融资的潜在风险,以及市场上出现的再融资方式,如小额再贷款公司的建立进行了研究。中国经济发展的不平衡性,信贷资金供需缺口的普遍存在,传统金融机构的低效率以及中国微型金融市场的扭曲是小额贷款公司"双赢"的条件。只要小额贷款公司保持"只贷不存"等性质并在合理考虑成本和利润的前提下提供短期小额贷款,就能实现"双赢"。并运用网络模型研究认为,小额再贷款公司在短期能缓解小额贷款公司后续资金不足的问题,但无法长期解决此问题。

This paper analyzes the reason why small loan companies do not impede but promote the development of small loan companies and lead them to achieve ＂win - win＂. That apart, it also studies the potential risks to the refinancing by small loan companies, as well as the pattern of refinancing appearing on the market, such as the establishment of small loan companies. The imbalanced development of economy in China, the prevalence of supply and demand gap of small credit funds, the low efficiency of traditional financial institutions and the distortions of the micro - financial market in China are the ＂win - win＂ conditions for the small loan company. As long as small loan companies maintain the policy of ＂loan but not save＂ and provide short -term small loans under the premise of reasonable consideration of the cost and profit, they can achieve ＂win - win＂ result. Apart from that, the paper applies the network model for the study. It finds that small re - loan companies can alleviate the difficulty of shortage of subsequent finance that they encounter for a short term but cannot produce effective solutions to this problem for a long term.