社会融资是社会主义市场经济发展的必然产物,属金融行为。这种社会直接融资的办法确实推动了经济社会的发展,但由于它的不规范带来了一系列负效应。从近两年的实践看,弊大于利。为此,必须引起有关部门的高度重视。本文就其利弊简析如下:一、好处。社会融资就当前来说,实质上就是不通过金融部门的直接融资。这种融资办法最大的好处是:环节少,不受制约,想办什么,就办什么,如不违法违纪,可缩短时间加快和促进经济社会的发展。二、弊病。瓜分了资金,冲击了信贷,多投了货币,扰乱了金融秩序,影响了产业结构调整,造成了银行宏观失控。具体说:1、瓜分资金。主要表现是用高利率乱集资、相互争夺社会资金。诸如:建房功、实体、企业搞开发、做生意、解决流动资金、投向固定资产等方面。其集资利率,有的超过银行同期利率,有的超过国库券利率,甚至有的盈利企业还规定除付高利息外,还参与分红。有的亏损企业,照常付高利息。多种多样的社会集资中还出现了个人无钱集资,亲朋间无处借,只得在民间用高利息借,从而助长了民间高利贷的滋生,扰乱了金融秩序。2、冲击信贷。据悉,在正常情况下,银行资金来源的60—70％依赖于储蓄存款。而近两年来,为解决流动资金不足,建房、办实体等方面的社会集资,有50％以上又来自银行的? Social financing is an inevitable product of the development of the socialist market economy and it is a financial act. This method of social direct financing has indeed promoted economic and social development, but it has brought about a series of negative effects due to its irregularity. From the practice of the past two years, the disadvantages outweigh the benefits. For this reason, relevant departments must be given high priority. This article gives a brief analysis of its advantages and disadvantages as follows: First, the benefits. As far as social financing is concerned, it is essentially that it does not directly finance through the financial sector. The greatest advantage of this financing method is that it has fewer links and is not subject to restrictions. If you want to do anything, you must do something. If you do not violate the law, you can shorten the time and accelerate economic and social development. Second, ills. It divided the funds, impacted the credit, invested more money, disturbed the financial order, affected the adjustment of the industrial structure, and caused the bank to get out of control. Specifically: 1, to divide up funds. The main performance is to use high interest rates to collect funds and compete for social funds. Such as: building property, entities, companies engaged in development, doing business, solving liquidity, investing in fixed assets. Some of their fund-raising interest rates exceed the bank’s interest rate over the same period, and some exceed the interest rate of treasury bills. Some profit-making enterprises also provide for dividends in addition to paying high interest rates. Some loss-making companies pay high interest rates as usual. In a variety of social fund-raising, individuals have no money to raise funds. No money has been borrowed between relatives and friends. They have to borrow high interest rates from private individuals, which encourages the growth of private usury and disrupts the financial order. 2. Impact on credit. It is reported that, under normal circumstances, 60-70% of the bank’s funding source depends on savings deposits. In the past two years, in order to solve the problem of insufficient liquidity, more than 50% of the social fund-raising in building houses and running entities has come from banks.