Recently, the murder of mothers in Liaocheng, Shandong Province, has attracted attention from all walks of life. The financing dilemma of China's manufacturing industry reflected behind it is also one of the major difficulties faced by many door and window enterprises. The high threshold of bank loans and the low profits of real enterprises also make many entrepreneurs in the stage of entrepreneurship fall into the predicament of a penny to defeat a hero. In this regard, on March 28, the Guiding Opinions on Financial Support for Building a Powerful Manufacturing Country, issued jointly by the People's Bank of China, the Ministry of Industry and Information Technology, the Banking Regulatory Commission, the Securities Regulatory Commission and the Insurance Regulatory Commission, will give enterprises, including door and window manufacturing, a shot in the arm.

Behind the Case: Financing Dilemma of China's Manufacturing Industry

Apart from the incident itself, the bloody case of debt collection reflects the dilemma of local real economy - a penny can hardly defeat a hero. Because of the high threshold of bank loans and the lack of capital to pay attention to the local real economy with weak innovation ability, Su Yinxia was forced to seek usury, but unexpectedly fell into the abyss. A medium-sized entity that can solve 200 jobs locally is crushed by a compound interest rate of 10% a month. What is the concept of compound interest rate with 10% monthly interest rate? This is equivalent to 313% annual interest rate, which is far higher than the legal limit of 36% annual interest rate stipulated by the state and is not protected by law.

Su Yinxia still can't pay off the interest even though the repayment has exceeded the borrowing cost by millions. The case of Su Yinxia, like a prism, reflects that entrepreneurs not only bear the pressure to pick up the corporate beams, but also are constantly deprived of their dignity in order to preserve their business. In fact, this is not a case. So who is to blame for the manufacturing downturn?

What are the causes of low manufacturing profits and financing difficulties?

Housing price, stock price and capital are closely related to the real economy, including door and window manufacturing industry, in the whole economic chain. It's easy to understand, for example, that if consumers take all their money to buy a house, they won't buy products from window and door manufacturing. If banks lend money to ordinary consumers to buy houses, the capital for manufacturing industry would be even more limited. So far, economic growth still depends on investment and real estate. It is unrealistic to expect consumption to upgrade and domestic demand to boost the economy.

In the past two years, with the real estate market going crazy, the chaos of financial regulation such as currency drainage and P2P has resulted in the direct consequence of the "private investment" encountering a cliff-like decline. The economic downturn - monetary easing - property market rebound - asset bubbles - to the virtual, which seems to become a portrayal of the economy, but also reflects the economic environment Su Yinxia incident. It is difficult for banks to approve their loan qualifications, and the cliff-like decline of private investment has made a hole in financial turmoil such as usury. It can be said that the Su Yinxia incident is a portrayal of the whole economic environment. Like Su Yinxia, there are tens of millions of entrepreneurs in China who want to solve the urgent need for funds. If the bank can't lend money, it can only find Wu Zhanxue, a seemingly real estate businessman, who is actually the leader of the underworld, who borrows money from usurious people and makes all kinds of concoctions without paying money.

The central bank suddenly launched, the manufacturing industry ushered in a shot in the arm!

On March 28, the People's Bank of China, the Ministry of Industry and Information Technology, the Banking Regulatory Commission, the Securities Regulatory Commission and the Insurance Regulatory Commission jointly issued the Guidelines on Financial Support for the Construction of a Manufacturing Power, saying that financial support and services for the construction of a manufacturing power will be further strengthened. The documents just issued by the central bank and other five departments are a big news for manufacturing enterprises, including the door and window industries. The main measures are as follows:

First, the expansion of the stock market is about to accelerate. The document proposes that qualified high-quality and mature manufacturing enterprises should be actively supported to raise funds on the motherboard market and to promote manufacturing enterprises in key areas to become better and stronger. We will accelerate the listing or listing of high-tech manufacturing enterprises and advanced manufacturing enterprises on the SME board, the GEM board, the national SME share transfer system and the regional equity trading market, so as to enrich the medium and long-term capital strength. In the reserve of listed financing enterprises, key support should be given to manufacturing enterprises with strong innovation ability and good growth. Supporting manufacturing enterprises to list and finance overseas and enhancing the international competitiveness of Chinese manufacturing enterprises. Manufacturing enterprises should be encouraged to achieve industry integration and layout adjustment and optimization through capital market mergers and acquisitions, and support the central and western regions to undertake industrial transfer.

2. Encourage all kinds of venture capital funds such as seed funds and angel investors to increase their support for innovative manufacturing enterprises in seed and start-up stages.

3. Supporting the issuance of bond financing by manufacturing enterprises, including corporate bonds, corporate bonds, short-term financing bills, medium-term bills, sustainable bills, targeted instruments, etc.

4. Supporting asset securitization in manufacturing industry. Financial institutions are encouraged to use credit assets in the manufacturing sector, which conform to the national industrial policy and are profitable and oriented, as basic assets for securitization, to issue credit assets securitized products, and to carry out enterprise asset securitization through the exchange market.

5. Expanding the investment of insurance funds in manufacturing industry. Insurance funds are encouraged to provide low-cost and stable sources of capital for the transformation and upgrading of manufacturing industry through various forms such as creditor's rights, equity, funds and asset support plans.

6. In terms of bank credit, we try to offer the following services: 1. Allow banks to offer credit loans to manufacturing enterprises