The loan company industry has a good development prospect.
As a supplementary financing channel, microfinance companies bring hope to small and medium-sized enterprises. According to the survey of financial institutions, about 80% of enterprises think that financing is the main obstacle to their development, and more than 90% of individual and private enterprises rely entirely on self-raised funds to solve venture capital. In the financing composition of private enterprises (except listed companies), self-owned funds account for about 65%, private loans account for about 25%, and bank loans only account for 10%.
Introduce the small loan company to be invested.
Investment risk control
Fund management companies have perfect investment management processes and internal control systems. Fund supervision and opening a fund account in a fund custody bank. Fund management companies can introduce powerful third-party guarantees to mortgage some physical assets to ensure the safety of investors' principal. The investment manager's right to allocate funds is limited to fund accounts and investment companies. Transferring funds to other accounts or withdrawing cash requires confirmation from fund management companies, investment companies and banks.
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Financing Breakthrough of Marriage Equity Investment Fund Microfinance Company
The financing problem that plagues the development of microfinance companies may be alleviated through the intervention of equity investment funds.
"As liquidity approaches, it becomes more and more difficult for us to borrow money from banks." A person in charge of a small loan company in Shanghai told reporters. The reporter learned that this microfinance company was established in 2009 with a registered capital of 654.38 billion yuan. After half a year, 654.38 billion yuan of funds were all released. According to the financing leverage of 1: 0.5 stipulated by the regulatory authorities, the company can also raise 50 million yuan from outside. Since last year, the person in charge of the company has been running around to raise funds from relevant banks. However, from the year of 20 1 1, the person in charge found it more and more difficult and the cost was higher and higher. "We are not worried about profitability, but at present we are short of money. To develop, we must solve the financing problem. " The person in charge said.
The reporter learned from the relevant departments in Shanghai that by the end of 20 10, 58 microfinance companies had been approved to set up and 52 microfinance companies had officially opened. Driven by the relevant government departments, since last year, a number of commercial banks have established all-round cooperation with Shanghai microfinance companies, including bank financing. 13 The balance of financing provided by commercial banks to 33 microfinance companies reached 6,543.84 million yuan, but even so, the "lack of money" problem of microfinance is still a factor restricting its development.
When banks and other financial institutions tighten the "gate" on microfinance companies due to tight liquidity, some social capital has found business opportunities from the rapidly growing microfinance field. Tianjin Han Hong Equity Investment Fund Management Co., Ltd. initiated the establishment of a product named "Han Hong Huitong Equity Investment Fund", and the investment target is small loan companies.
According to the information held by the reporter, the scale of the fund is about 50 million yuan, and the fund will make equity investment in domestic microfinance companies based on relevant national policies. The investment period of the Fund is designed to be 3+2 years, and the annualized rate of return on investment is set at 9.2%- 12%. The company's sales staff explained that the rate of return is different according to the size and duration of the assets subscribed by customers. For investments with subscription amount of more than 1 10,000 and less than 3 million, the expected returns in the first year, the second year and the third year are 9.2%, 10% and 10.8% respectively, which is still very attractive in the wealth management market.
It is understood that this is not the first time the fund has issued such a fund. Since last year, the fund has issued several similar funds. In terms of investment strategy, the Fund mainly invests in areas where economic development has just entered a rapid stage and capital needs are large. The Fund conducts diversified investment by integrating different enterprises in different regions of the same industry, thus reducing the risks brought to investors by changes in regional markets. In order to reduce the capital risk in the investment process, Han Hong Fund sets a unified standard for equity investment: Han Hong Equity Fund appoints the chairman of the invested enterprise and enjoys one-vote veto over the major decisions of the enterprise; Secondly, Han Hong Equity Fund appoints supervisors of the Board of Supervisors to supervise the overall operation of its enterprises; Third, Han Hong Stock Fund appoints the chief financial officer to manage its company's finance; In addition, Han Hong Equity Fund appoints a special person to participate in the daily operation and management of the invested enterprise.
"It is a good thing for social capital to enter microfinance companies, which can solve the problem of insufficient funds of microfinance companies at present." Guo Tianyong, director of the Banking Research Center of the Central University of Finance and Economics, said. Guo Tianyong believes that after several years of development, the development of microfinance companies is mixed. He suggested that the management department should implement classified management similar to bank supervision, support qualified microfinance companies to transform into village banks, or let go of their financing leverage ratio to solve the bottleneck in the development of microfinance companies.