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中小企业是我国经济发展的重要力量,但一直以来中小企业融资难始终是一个难以解决的问题,而集合票据作为中小企业融资新途径,就是为中小企业“量身定做”的融资工具。通过集合发行,引入信用增进和代偿机制等结构设计,可以在一定程度上克服中小企业单体发行债务融资工具规模较小、信用级别低、融资担保难等缺陷,对于拓宽企业的融资渠道,降低企业的融资成本,提升企业的资本市场等级等方面具有积极意义。
Small and medium-sized enterprises (SMEs) are an important force in economic development in our country. However, SME financing has always been an unsolved problem. As a new financing channel for SMEs, SMC is a financing tool tailored to SMEs. The introduction of a series of structural designs such as credit enhancement and compensation mechanism can overcome the shortcomings of the small and medium-sized enterprises that issue debt financing instruments to a lesser extent, which have low credit quality and difficult financing guarantee. It is of great significance to broaden the financing channels for enterprises, Reduce the cost of financing enterprises, enhance the level of capital markets and other companies have a positive meaning.