Loan Policies in Favor of Medium & Small Enterprises

　　China's State Council has called on local governments to support micro- and small enterprises in their information integration¹ efforts to remove obstacles preventing financial institutions from providing loans to such companies. Li Dong has the details.

 

　　The government made the call via the issuance of a guideline, urging financial institutions to support economic restructuring, upgrading and transitioning.

 

　　According to the guideline, China's central bank will help financial institutions make loans available to micro- and small-enterprises in the labor-intensive, agricultural, advanced manufacturing and information technology sectors³.

 

　　The guideline encourages local governments to set up credit risk compensation funds for small enterprises and support the integration of their information. These positive policies aim to remove the obstacles that obstruct⁴ banks from providing loans to small enterprises.

 

　　An automation technology company in Shanghai previously⁵ relied on borrowing money from loan sharks, as it was unable to meet the bank's requirements. But it has recently obtained a loan of 4 million yuan through the financial service platform in the Pudong New Area. Han Judi, the manager of the company recalls its past sufferings.

 

　　"The interest rate was set at 1/8th on loans from loan sharks, or 3/8th for short-term loans calculated on a daily basis. It was 4,000 yuan per day, and we borrowed for 60 days."

 

　　Yang Lifa is an official at Shanghai's Pudong New Area Financial Services Bureau.

 

　　"Now a dozen banks in Shanghai are providing more than 50 kinds of loans to science and technology enterprises. This enterprise, for instance, has been certified⁷ as a high-tech⁸ enterprise and therefore qualified⁹ for getting more credit lines."

 

　　Shanghai began to set up and improve its financial service starting from the latter half of 2012. It has now established such financial services in all the 17 districts and counties under its jurisdiction¹⁰. Tu Guangshao is the vice⁶ mayor of Shanghai.

 

　　"The financial service platform serves as a bridge between small enterprises and the financial service. To make the traffic on the bridge smooth, we have to remove two obstacles: inadequate¹¹ information and inadequate loans."

 

　　The guideline also encourages private capital to flow into the financial sector², follow market interest rates, and guarantee loans to key infrastructure¹² projects.

 

　　The State Council reiterated¹³ that it will maintain a prudent¹⁴ monetary¹⁵ policy and a reasonable money and credit scale to support economic restructuring, after a cash crunch¹⁶ sent inter-bank borrowing rates to record highs in June.

 

　　This policy will enable small enterprises to acquire sufficient loans from banks rather than loan sharks.

 

　　For CRI, I am Li Dong.

1 integration   

n.一体化，联合，结合

参考例句：

• We are working to bring about closer political integration in the EU.我们正在努力实现欧盟內部更加紧密的政治一体化。
• This was the greatest event in the annals of European integration.这是欧洲统一史上最重大的事件。

2 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

3 sectors   

n.部门( sector的名词复数 )；领域；防御地区；扇形

参考例句：

• Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
• Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》

4 obstruct   

v.阻隔，阻塞(道路、通道等)；n.阻碍物，障碍物

参考例句：

• He became still more dissatisfied with it and secretly did everything in his power to obstruct it.他对此更不满意，尽在暗里使绊子。
• The fallen trees obstruct the road.倒下的树将路堵住了。

5 previously   

adv.以前，先前（地）

参考例句：

• The bicycle tyre blew out at a previously damaged point.自行车胎在以前损坏过的地方又爆开了。
• Let me digress for a moment and explain what had happened previously.让我岔开一会儿，解释原先发生了什么。

6 vice   

n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的

参考例句：

• He guarded himself against vice.他避免染上坏习惯。
• They are sunk in the depth of vice.他们堕入了罪恶的深渊。

7 certified   

a.经证明合格的；具有证明文件的

参考例句：

• Doctors certified him as insane. 医生证明他精神失常。
• The planes were certified airworthy. 飞机被证明适于航行。

8 high-tech   

adj.高科技的

参考例句：

• The economy is in the upswing which makes high-tech services in more demand too.经济在蓬勃发展，这就使对高科技服务的需求量也在加大。
• The quest of a cure for disease with high-tech has never ceased. 人们希望运用高科技治疗疾病的追求从未停止过。

9 qualified   

adj.合格的，有资格的，胜任的，有限制的

参考例句：

• He is qualified as a complete man of letters.他有资格当真正的文学家。
• We must note that we still lack qualified specialists.我们必须看到我们还缺乏有资质的专家。

10 jurisdiction   

n.司法权，审判权，管辖权，控制权

参考例句：

• It doesn't lie within my jurisdiction to set you free.我无权将你释放。
• Changzhou is under the jurisdiction of Jiangsu Province.常州隶属江苏省。

11 inadequate   

adj.(for,to)不充足的，不适当的

参考例句：

• The supply is inadequate to meet the demand.供不应求。
• She was inadequate to the demands that were made on her.她还无力满足对她提出的各项要求。

12 infrastructure   

n.下部构造，下部组织，基础结构，基础设施

参考例句：

• We should step up the development of infrastructure for research.加强科学基础设施建设。
• We should strengthen cultural infrastructure and boost various types of popular culture.加强文化基础设施建设，发展各类群众文化。

13 reiterated   

反复地说，重申( reiterate的过去式和过去分词 )

参考例句：

• "Well, I want to know about it,'she reiterated. “嗯，我一定要知道你的休假日期，"她重复说。 来自英汉文学 - 嘉莉妹妹
• Some twenty-two years later President Polk reiterated and elaborated upon these principles. 大约二十二年之后，波尔克总统重申这些原则并且刻意阐释一番。

14 prudent   

adj.谨慎的，有远见的，精打细算的

参考例句：

• A prudent traveller never disparages his own country.聪明的旅行者从不贬低自己的国家。
• You must school yourself to be modest and prudent.你要学会谦虚谨慎。

15 monetary   

adj.货币的，钱的；通货的；金融的；财政的

参考例句：

• The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
• Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。

16 crunch   

n.关键时刻；艰难局面；v.发出碎裂声

参考例句：

• If it comes to the crunch they'll support us.关键时刻他们是会支持我们的。
• People who crunch nuts at the movies can be very annoying.看电影时嘎吱作声地嚼干果的人会使人十分讨厌。