欠发达地区发展区域集优债务融资路径与选择

The Path and Selection of Developing the Regional Set Optimal Debt Financing in the Underdeveloped Areas

区域集优债务融资模式集合了企业、产品、效率、政策和风险缓释措施,能有效降低单个企业的融资成本,分散融资风险,是解决中小企业融资问题的一种多方共赢的模式,为探索中小企业发展道路提供了一个崭新的视角。它具有发行主体宽泛化、增信模式多元化、工作机制长效化、发行程序便利化等的特征。能否培育大批优质中小企业、落实风险缓释措施、发挥地方政府统筹协调、发挥人民银行支持引导作用是影响区域集优债务融资发展主要因素分析,我们应从因地制宜创新集优模式、完善风险分担机制、改革发行机制、改善中小企业融资信用环境等方面来解决区域集优债务融资发展过程中的难题。

The regional set optimal debt financing mode combines enterprises, products, efficiency, policies and risk sustained release measures, can effectively reduce the financing cost of individual enterprises and disperse the financing risk, is a multi-win-win mode to solve the problems of small and medium-sized enterprises in financing mode and provides a new perspective to explore the development of small and medium-sized enterprises. It has the characteristics of the wide range of issuers, diversified modes of increasing credit, the long-term working mechanism and convenient issuing procedure. Whether fostering a large number of high quality of small and medium-sized enterprises, carrying out the risk slow-release measures and playing the role of the local governments in the coordination and PBC in the support and guidance or not are the main factors influencing the development of the regional set optimal debt financing. Measures should be taken such as innovating set optimal mode according to the local conditions, perfecting the risk sharing mechanism, reforming the distribution mechanism, improving the credit environment of small and medium-sized enterprises financing etc to solve the problems in the process of the development of the regional set optimal debt financing.