Behind the popularity of local stall Economy: the initial break of the small and micro credit problem

category:Finance
 Behind the popularity of local stall Economy: the initial break of the small and micro credit problem


In the special period of overall promotion of epidemic prevention and control and economic and social development, local economy eases employment pressure and increases the income of low-income groups.

On the evening of May 31, the night market of Baocheng road in Wuhan opened again. In addition to Wuhan, relevant policies have been issued in many places across the country, allowing stalls to be set up. In March this year, Chengdu introduced measures to allow mobile traders to sell and operate, and to set up temporary booths and stalls. As of May 21, the above measures in Chengdu increased the number of jobs by more than 100000.

As of the end of May, there were 12 million small shops and roadside stalls revenue grew by the same period last year, of which the number of stores supporting Alipays consumer coupons was 73.4% higher than the week before the issuance of vouchers. Photo by Gan Jun

Digital technology boosts business recovery of small businesses

In twenty-first Century, economic news reporters learned from Alipay 4, that after a period of economic liberalization, there were more than ten million people on average, opening up Alipay to collect money and do business.

The local stall economy can not be simply understood as the road management. Now it has entered the digital era, we should develop a new local stall economy of digital management, and actively use digital management tools such as mobile payment, digital finance, consumer bonds to reduce costs and improve efficiency. Huang Yiping, vice president of Peking University Guofa and director of digital Finance Research Center, told 21st century economic reporters.

Alipays data show that in most major city, Guangzhou, Shanghai, Hangzhou, Chengdu and Shenzhen have the largest number of V rebound shops; Zhengzhou has ranked first in the north because of the driving effect of consumer coupons; after two months of lifting the seal, the economy of the small store is also rapidly recovering, and 150 thousand small shops and roadside stalls have increased revenue in May.

Chang Chengxian, head of xiaowanzhan restaurant in Hangzhou, told the 21st century economic reporter that the consumption voucher is the starting point of the v-word rebound of his business. After using the consumption voucher, compared with the previous month, the turnover can be increased by about 30%. Now Im going to add coupons and packages to my phone.

In Wuhan, there have been 60 days of unwinding, and the economy of the small store is also recovering rapidly. Alipay data show that 15 of Wuhans small businesses have grown in contrarian growth.

Alipay said that the impact of the epidemic has generated a large number of offline stores digitalized Transformation: access to takeaway to expand passenger flow, open contactless loans, support consumer coupons, etc. The more thorough the digital transformation is, the stronger the ability to resist risks and the easier to achieve V rebound. Alipays goal is to transform 40 million businesses into digital stores within 3 years.

More than 40% of small stores are financing themselves through Internet Banking

According to the report on small and micro financing in 2019-2020 released by the all China Federation of industry and Commerce on May 8, after the investigation of more than 150000 small and micro enterprises and self-employed households in China, it is found that after the epidemic, the capital demand of small and micro enterprises and self-employed households is outstanding, but most of them can survive with one helping.

Among them, 40.5% of the long tail small and micro operators with capital needs are financing themselves through Internet banks; 70% of the small and micro operators who get loans think that precise drip irrigation contactless loans are effective, with an average interest of 1 yuan generating about 2 yuan of profits; 82.3% of the micro enterprises and individual operators think that the loan availability rate has been significantly improved, and now loans are easier than three years ago.

A pet food store owner in Wuhan has run through 30 banks in 30 days. The bank also wants to help him, and there are support policies. But some of them cant sign because the outlets are closed, some cant evaluate the quota because there is no running water during the closure of the city, and they cant carry it out. Only one bank has lent him 60000 yuan. In the end, he borrowed 460000 yuan through the Internet merchant bank.

Li Yang, chairman of the national finance and development laboratory and member of the School Department of the Academy of Social Sciences, also said at the report release site, it is unrealistic for large banks to help small and micro enterprises, and it is impossible to implement various technical problems in practice. We should vigorously promote the application of financial technology in the financing of small and micro enterprises.

Challenges and opportunities for the growth rate of big banks, small businesses and micro enterprises to be higher than 40%

Under the impact of the epidemic, the growth requirements of small and micro loans of commercial banks are being gradually increased by supervision.

This years government work report stressed that the growth rate of inclusive small and micro enterprise loans of large commercial banks should be higher than 40%. Last years government work report required large banks to increase loans to small and micro enterprises by more than 30% in 2019.

That is to say, no less than 40% of this year was put forward on the basis of the higher base of the previous year, with rapid growth for two consecutive years, not low requirements and certain challenges. Dong ximiao said that there is also a new market space for financial technology behind this, because only when banks cooperate with financial technology, can they do well in small and micro businesses.

However, for the 40% growth rate requirement, the state-owned big banks generally said that there was a lot of pressure.

A person in charge of the small and micro sectors of a large state-owned bank told the 21st century economic reporter that from the first quarters data, although it is not a big problem for them to achieve 40% growth rate, the key is in risk control, focusing on how to select customers. Because the production of some small and medium-sized enterprises is shrinking and the orders are reduced, the capital demand will be reduced correspondingly under normal circumstances.

There will be a lag of about 6 months in the generation of defects. Under the current situation, the bad will surely rise gradually. Whether it will soar depends on the risk control level of each bank. In the current situation, there is an urgent need for the government to increase credit. Said the person in charge. He believes that a series of supporting measures are indispensable for the implementation of policies.

A person in charge of the banks small and micro businesses told the 21st century economic report that there are three challenges facing the banks small and micro loan business: first, according to our investigation on small and micro businesses in March this year, affected by the epidemic situation, the operating rate of small and micro businesses is low, the willingness to invest is down, and the financing demand is insufficient; second, the industry has increased the credit supply of small and micro businesses, and the market is competitive Third, due to the impact of order cancellation, supply chain instability and other multiple factors, some small and micro enterprises have encountered operational difficulties, increased risks, and asset quality has been put to the test.

There is also a general consensus that such a long-term low interest rate for small and micro enterprises is unsustainable.

(author: Bao Hui editor: Lin Hong)