第一节：金融危机下亚太地区中小企业融资：

PACIFICECONOMICCOOPERATIONCOUNCILPACIFICECONOMICCOOPERATIONCOUNCILPACIFICECONOMICCOOPERATIONCOUNCILPACIFICECONOMICCOOPERATIONCOUNCILSession1:SMEsFinancingintheAsia-PacificSession1:SMEsFinancingintheAsia-PacificSession1:SMEsFinancingintheAsia-PacificSession1:SMEsFinancingintheAsia-PacificRegionamidtheFinancialCrisis:Status,RegionamidtheFinancialCrisis:Status,RegionamidtheFinancialCrisis:Status,RegionamidtheFinancialCrisis:Status,ChallengesandTrendsChallengesandTrendsChallengesandTrendsChallengesandTrends第一节：金融危机下亚太地区中小企业融资：现状、挑战和趋势DrChrisHallDrChrisHallDrChrisHallDrChrisHallCEO,Comnami,[e-mail]@[e-mail]@comnami.com快眼看书““““SMEsFinancingintheAsia-PacificRegion:CrisisandSMEsFinancingintheAsia-PacificRegion:CrisisandSMEsFinancingintheAsia-PacificRegion:CrisisandSMEsFinancingintheAsia-PacificRegion:CrisisandCountermeasuresCountermeasuresCountermeasuresCountermeasures””””(June8-12,2009,ShanghaiNationalAccountingInstitute)(June8-12,2009,ShanghaiNationalAccountingInstitute)(June8-12,2009,ShanghaiNationalAccountingInstitute)(June8-12,2009,ShanghaiNationalAccountingInstitute)1.1.1.1.BackgroundFrameworkProfileofSMEsBackgroundFrameworkProfileofSMEsBackgroundFrameworkProfileofSMEsBackgroundFrameworkProfileofSMEs中小企业背景介绍2.Thecontextofthe2008FinancialTsunami2.Thecontextofthe2008FinancialTsunami2.Thecontextofthe2008FinancialTsunami2.Thecontextofthe2008FinancialTsunami2008200820082008金融海啸情况介绍3.FinancingtrendsforSMEsinAPEC3.FinancingtrendsforSMEsinAPEC3.FinancingtrendsforSMEsinAPEC3.FinancingtrendsforSMEsinAPEC亚太地区中小企业的融资趋势4.Theimpactofthe2008FinancialTsunamionSMEfinance4.Theimpactofthe2008FinancialTsunamionSMEfinance4.Theimpactofthe2008FinancialTsunamionSMEfinance4.Theimpactofthe2008FinancialTsunamionSMEfinance2008200820082008金融海啸对中小企业融资的影响5.5.5.5.Whathavegovernmentsdonetoaddressthechallenges?Whathavegovernmentsdonetoaddressthechallenges?Whathavegovernmentsdonetoaddressthechallenges?Whathavegovernmentsdonetoaddressthechallenges?政府的应对措施6.Avisionofwhatcouldbedonebettertoaddressthechallenges6.Avisionofwhatcouldbedonebettertoaddressthechallenges6.Avisionofwhatcouldbedonebettertoaddressthechallenges6.Avisionofwhatcouldbedonebettertoaddressthechallenges如何更好地应对挑战？•ConclusionConclusionConclusionConclusion结论SMEsareimportant:theycontributeabouthalftheGDP,halftheemployment,andmostSMEsareimportant:theycontributeabouthalftheGDP,halftheemployment,andmostSMEsareimportant:theycontributeabouthalftheGDP,halftheemployment,andmostSMEsareimportant:theycontributeabouthalftheGDP,halftheemployment,andmostofthejobgrowthinAPECofthejobgrowthinAPECofthejobgrowthinAPECofthejobgrowthinAPEC中小企业作用重大：为APECAPECAPECAPEC贡献了大约一半的GDPGDPGDPGDP、一半的就业和大多数的新增就业岗位。Thereisamajoreconomicandfinancialcrisisaboutevery6or7years.The2008crisisThereisamajoreconomicandfinancialcrisisaboutevery6or7years.The2008crisisThereisamajoreconomicandfinancialcrisisaboutevery6or7years.The2008crisisThereisamajoreconomicandfinancialcrisisaboutevery6or7years.The2008crisisisunusualinthatitisaffectingsomanyeconomiesatthesametime.Thebigimpactonisunusualinthatitisaffectingsomanyeconomiesatthesametime.Thebigimpactonisunusualinthatitisaffectingsomanyeconomiesatthesametime.Thebigimpactonisunusualinthatitisaffectingsomanyeconomiesatthesametime.ThebigimpactonSMEsisprobablynotlikelytobefeltuntil2009/2010SMEsisprobablynotlikelytobefeltuntil2009/2010SMEsisprobablynotlikelytobefeltuntil2009/2010SMEsisprobablynotlikelytobefeltuntil2009/2010每隔六七年就会发生一次比较严重的经济和金融危机。2008200820082008年的危机的不寻常之处在于，它同时对众多经济体产生影响。其对中小企业的巨大影响很可能直到2009/20102009/20102009/20102009/2010年才感受得到。SMEshaveprovedresilientinadaptingtopreviouscrisesSMEshaveprovedresilientinadaptingtopreviouscrisesSMEshaveprovedresilientinadaptingtopreviouscrisesSMEshaveprovedresilientinadaptingtopreviouscrises经证明，中小企业在适应危机方面颇具韧性。BanksarethelargestsourceoffinancetoSMEs,andsupplyoverhalfofSMEfinanceBanksarethelargestsourceoffinancetoSMEs,andsupplyoverhalfofSMEfinanceBanksarethelargestsourceoffinancetoSMEs,andsupplyoverhalfofSMEfinanceBanksarethelargestsourceoffinancetoSMEs,andsupplyoverhalfofSMEfinance银行是中小企业最大的资金来源，为中小企业提供一半以上的融资。ThereisalongtermstructuralproblemthatrealgrowthinbankfinancehasbeenloworThereisalongtermstructuralproblemthatrealgrowthinbankfinancehasbeenloworThereisalongtermstructuralproblemthatrealgrowthinbankfinancehasbeenloworThereisalongtermstructuralproblemthatrealgrowthinbankfinancehasbeenlowornegative.SMEshavebeenfindingithardertogetbankfinanceforthelastdecadeorso.negative.SMEshavebeenfindingithardertogetbankfinanceforthelastdecadeorso.negative.SMEshavebeenfindingithardertogetbankfinanceforthelastdecadeorso.negative.SMEshavebeenfindingithardertogetbankfinanceforthelastdecadeorso.长期存在一个结构性问题，即银行融资实际上一直是低增长或者负增长。过去十年来，中小企业获得银行融资的难度越来越大了。Intheshortterm(12-18months)thegovernmentandbankresponseisnotlikelytoIntheshortterm(12-18months)thegovernmentandbankresponseisnotlikelytoInthesho