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当前企业融资难度大,信贷紧,企业债也难发。企业的融资环境,特别是民营企业的融资环境非常严峻。一些地区存在的地下钱庄,针对民企融资的利率已经提得很高,民营企业发展需付出很大的融资成本。从去年开始解禁的在银行间债券市场发行短期融资券进行直接融资,不仅是我国企业融资方式的重大突破,也是央行进一步完善货币市场建设的重大金融创新。据业内人士分析,当前股市的股改工作正在攻坚,短期内股票市场再融资基本无望,所以短期融资券就成为替代股票市场融资的一个有力工具。有市场人士乐观估计,到今年年底,短期融资券的发行将突破6000亿。在2006年获准发行短期融资债企业名单中,纺织行业龙头企业赫然纸上:鲁泰3亿元、魏桥5亿元, 雅戈尔7．5亿元。困扰企业发展的融资问题,从此多了另一有效解决渠道。
The current corporate financing difficult, tight credit, corporate debt is difficult to fat. The financing environment of enterprises, especially the financing environment of private enterprises, is very serious. The underground banks that exist in some areas have raised very high interest rates for financing private enterprises, and the development of private enterprises has to pay a large financing cost. The direct financing of issuance of short-term financing bills in the inter-bank bond market from last year’s ban is not only a major breakthrough in the way of corporate financing in China, but also a major financial innovation of the central bank to further improve the construction of the money market. According to the analysis of the insiders, the share reform work of the current stock market is tackling the problem. In the short term, the refinancing of the stock market is basically hopeless. Therefore, the short-term financing bills become a powerful alternative to the financing of the stock market. Some market participants optimistic estimates that by the end of this year, the issuance of short-term financing bills will exceed 600 billion. Among the list of approved short-term financing debts in 2006, the leading enterprises in the textile industry are impressively: 300 million for Luthai, 500 million for Weiqiao and 750 million for Younger. The financing problems that plague the development of enterprises have created yet another effective solution to the problem.