China News Service, Beijing, October 10 (Reporter Wang Enbo) Under the epidemic, how can small, medium and micro enterprises that have been hit hard to solve the problem of lack of money?

During the 8th China SME Investment and Financing Fair held here, Tang Ning, the founder and CEO of CreditEase, said in an exclusive interview with a reporter from Chinanews.com that such companies need to "take money that is not repaid" when financing.

　　Since the beginning of this year, the epidemic has brought great uncertainty to the global economy, and many small and medium-sized enterprises are facing severe difficulties in survival and development.

Under the new development pattern, how financial capital can effectively support the development of the real economy, how to effectively invest in SMEs, and escort the development of SMEs have become important topics worthy of attention.

　　As a long-term financial technology company serving SMEs, CreditEase has come into contact with a large number of SME owners in the process.

Talking about the main difficulties they face, Tangning told reporters that for the "creative generation" among them, the impact of the epidemic is huge. Many of these companies have not yet fully completed their digital transformation and upgrades, and their digital capabilities are relatively low. weak.

　　"In 2019, the lack of digital capabilities of an enterprise can be compared to a lack of a leg; but in the epidemic and after the epidemic, once the lack of digital capabilities, this life may be gone." Tangning believes that not only small and medium-sized enterprises must have digital solutions, Financial institutions must also have the ability to provide them with financial services through contactless means.

Nowadays, digitalization is one of the core issues for small and medium-sized enterprises, and it must be mentioned on the agenda and resolved immediately.

　　He further pointed out that many small, medium and micro enterprises do not have sufficient knowledge of insurance protection. They have not yet realized that eggs should be put in different baskets in terms of asset allocation in investment, wealth management and wealth management.

"The epidemic has given everyone a stronger understanding of risks and measures to prevent risks, as well as the immediate implementation of these measures."

　　To solve the above-mentioned problems faced by SMEs, one problem cannot be avoided-money.

What kind of financial support does SMEs need?

In Tangning's view, the answer is simple: "I took the money that I didn't need to pay back."

　　He explained that the current financial support for small, medium and micro enterprises is mainly based on credit, but in fact they need equity capital support.

Because many high-risk technological innovation projects and companies need time to do research and development, and there is great uncertainty, there is no stable cash flow, and it is impossible to connect with the credit products of large banks.

　　Tang Ning said that direct investment and financing include venture capital, venture capital, angels, seeds and other forms, which are equivalent to the upstream of the science and technology innovation board. If the upstream water resources are abundant, the downstream will be more prosperous.

Therefore, he believes that the upstream private equity, venture capital, venture capital and other primary markets need more attention.

They are aimed at groups and stages where technological innovation companies cannot connect with bank credit, and meet these needs through direct investment and financing.

　　In response to the above problems, market-based capital and the national-level joint platform for small and medium-sized enterprises are launching a strong alliance.

At this China SME Investment and Financing Fair, the China Association of Small and Medium Enterprises and CreditEase jointly launched the Puze Zhongfu-Guo Rong joint dual-cycle private equity investment fund of funds.

　　Tang Ning introduced that, compared to direct investment funds that target companies, the role of fund of funds is more platform-oriented, and it can provide funds with "weapons and ammunition."

The funds it invests in each have resource endowments. Although they play differently, they all aim to support technological innovation, support strategic emerging industries, and support the overall trend of technological innovation.

　　Talking about investment opportunities under the new dual-cycle development pattern, Tangning mentioned that on the one hand, it is domestic substitution. "Many technologies cannot be obtained from abroad. Domestic products and service solutions must be provided. This is a particularly big opportunity."

On the other hand, the consumption upgrade of residents, especially the middle class, is the general concept and trend of China's economic development in the future. It is especially important in the new development pattern with the domestic cycle as the main body.

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