중국 그림자은행의 중소기업 대출에 관한 연구 - 후난성 소액대출회사 사례를 중심으로
A Study on the Shadow Bank’s Lending to SMEs in China: Focused on the Microcredit Companies in Hunan Province
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Chinese shadow banks are established for financial supporting to underprivileged economic players with SOBs-centered financial system in which the main role of SOBs is supplying sufficient money to SOEs instead of government. Since 2008 Chinese private companies are actually banned for lending from commercial bank by government, concerning financial crisis in their land. In that point Chinese shadow banks are obvious different comparing to that of developed countries, aiming to maximize the profit of investors. This study analyzed the Chinese shadow banks focusing on their main roles for lending SMEs. There are two contrary opinions for performance of shadow banks to lending SMEs. One is arguing that shadow banks are providing sufficient funds to SMEs and SMEs also using shadow banking on their own initiative with relatively higher lending interest ratio than commercial banks. In our case studies at Hengyang city, Hunan province, some SMEs found utilizing working capitals successfully which are provide from microcredit companies. The other side is arguing that microcredit companies would not support SMEs efficiently because of their relatively high interest rate, small lending volume, and short lending periods than commercial banks. In our case study, many of SMEs were struggling to pay back the loans. In conclusion, we found microcredit companies as one of the Chinese shadow bank showed limiting outcomes for serving fund to private companies and shadow bank would not reach to replace the role of commercial bank in Chain.
Abstract
Chinese shadow banks are established for financial supporting to underprivileged economic players with SOBs-centered financial system in which the main role of SOBs is supplying sufficient money to SOEs instead of government. Since 2008 Chinese private companies are actually banned for lending from commercial bank by government, concerning financial crisis in their land. In that point Chinese shadow banks are obvious different comparing to that of developed countries, aiming to maximize the profit of investors. This study analyzed the Chinese shadow banks focusing on their main roles for lending SMEs. There are two contrary opinions for performance of shadow banks to lending SMEs. One is arguing that shadow banks are providing sufficient funds to SMEs and SMEs also using shadow banking on their own initiative with relatively higher lending interest ratio than commercial banks. In our case studies at Hengyang city, Hunan province, some SMEs found utilizing working capitals successfully which are provide from microcredit companies. The other side is arguing that microcredit companies would not support SMEs efficiently because of their relatively high interest rate, small lending volume, and short lending periods than commercial banks. In our case study, many of SMEs were struggling to pay back the loans. In conclusion, we found microcredit companies as one of the Chinese shadow bank showed limiting outcomes for serving fund to private companies and shadow bank would not reach to replace the role of commercial bank in Chain.
참고문헌 (38)
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