民营经济融资难的制度原因

民营经济虽然已经成为推动中国经济发展的重要力量之一,但中国民营经济的融资现状却不容乐观,民营经济融资难问题已经成为制约中国经济持续发展的瓶颈。民营经济融资难是和银行对民营经济的贷款偏小有关,其根本原因在于信用制度与监督制度的缺陷。这些缺陷造成了中国企业的“道德风险”、逃废债。另外,信用评估制度不完善导致银行难以得到企业信息,而在政府补贴国有企业与银行时,其结果就会是银行贷款偏好国有企业,引起民营经济融资难。解决民营经济融资难的问题需要完善相关制度,制度的完善有赖于提高国家的制度转型能力。

The Institutional Cause for Financing Difficulties of Non-State-Owned Enterprises

At present,non-state-owned enterprises (NSOEs) have become the most important impetus for Chinese economic development.However,it is still difficult for non-state-owned enterprises to acquire loan from Chinese banks.This problem of the financing difficulties of non-state-owned enterprises now is the bottleneck of China's economy development,which results from the lack of credit and regulatory institutions.Furthermore,these factors induce the moral hazard of Chinese enterprises,whichever state-owned enterprises (SOEs) are or not.Moreover,the drawback of China's credit evaluation system makes banks difficult to access to enterprises' information.and China's government offers SOEs subsidy.Therefore,the banks prefer to SOEs rather than NSOEs.So,it is necessary to establish more effective credit and regulatory institutions to solve financial problems of NSOEs,which depends on improving the state capacity of institutional change.