小微金融政策目标与执行结果的冲突

Conflict Policy Objectives and Implementation Result of Small and Micro Enterprise

小微企业融资发展问题一直以来备受社会关注,虽然解困小微企业融资难题的政策性措施颇多,但政策导向性与资金市场性的矛盾突出,政策理想性与执行现实性始终存在偏离,归根到底还是信贷市场的供需不平衡。在对小微企业资金供需实证分析的基础上,依照供给侧结构性改革的逻辑,围绕区域、产品、渠道、风控四个维度,以可操作的技术手段、创新性的发散思维从资金供给面着手,最终以新的供给催生新的需求,进而从根本上实现再平衡。

Small and micro enterprise financing problem has always been highly social attention, although it is a lot of policy measures for small and micro enterprise financing problems, there is a glaring contradiction between policy-oriented and capital-market, there is always a deviation between the ideal policy and the reality execution, is still a problem supply and demand imbalance in the credit markets uhimately. On the basis of empirical analysis for small and micro enterprise funding supply and demand, in accordance with the logic of supply-side structural reforms, around four dimensions of region, product, channel, risk, completion the capital supply-side reform the by operational techniques, innovative divergent thinking, by the new supply birth of a new demand, and thus rebalancing fundamentally.