With the central bank raising the deposit reserve ratio and raising interest rates several times, macroeconomic policy has entered a new period of tightening. At this time, the funds of SMEs are being tested. Since 2011, market interest rates have continued to climb. Some banks have auctioned off credit lines in the medium- and long-term loan market. The interest rate for loan issuance tends to rise by about 20% from the benchmark interest rate; the overnight SHIBOR interest rate has increased from about 1.9% in early December 2010 to 2011. At the end of January of the year, the figure was about 7.7%. Zhang Yingjie, general manager of Suzhou Rongfa Investment Consulting Co., Ltd., believes that the credit consolidation environment in 2011 may bring considerable damage to SMEs. He explained that bank loans to SMEs often account for more than 90% of the total one-year loans. In the past, the practice was to “renew loans,†and only between repayments and new loan issuance. In a short time, companies can raise short-term funds to “cross the bridgeâ€. The situation in 2011 is different. Once the old loans have been repaid and new loans cannot be obtained, the companies will immediately face enormous cash flow pressure and even risk of capital chain breaks. In order to replenish funds to relieve the urgency, many business owners turned to private lenders for help. However, even if it is a well-funded Wenzhou private loan, it will gradually be unable to meet the demand in this situation. Zhou Dewen, head of the Wenzhou SME Promotion Association, said that of Wenzhou’s nearly 800 billion private capital, there are about 100 billion private borrowing capital. From the Spring Festival 2011 until now, these funds have continued to be in short supply. Monetary policy is affecting private lending rates through credit transmission mechanisms, and to a certain extent, the relationship between supply and demand of private funds. According to the “Shenzhen Commercial Daily†survey, before the Spring Festival, the personal online lending platform loan interest rate is about 20%, and small loan companies add up to 30% of management fees. Graphite Part,Other Graphite Parts,High Purity Graphite Part,High Strength Graphite Part CARBONS TECH&CREATION(HENAN) INDUSTRY CO.,LTD , https://www.kyisostaticgraphites.com