证券时报记者 刘雁

The securities times reporter LiuYan

　　尽管各路资金争相介入小额贷款公司，但却难掩这个行业今年以来的业务增长颓势。证券时报记者统计发现，今年前三季度小贷公司新增贷款呈现出逐季下滑态势，截至三季度末，小贷公司单季新增贷款已从去年四季度的556亿元降至437亿元。

Although the capital in small loans to companies,But difficult to mask the industry since this year the flagging business growth.The securities times reporter statistics found,The first three quarters of this year small loan companies show new lending by season down trend,As at the end of the third quarter,Small credit company for new loans last year has from the fourth quarter of 55.6 billion yuan down to 43.7 billion yuan.

　　新增贷款乏力 New lending lack of power

　　据央行近日披露的三季度小贷公司数据统计报告，截至2012年9月末，全国共有小额贷款公司5629家，贷款余额5330亿元，前三季度新增贷款1414亿元。相较去年同期，各项指标均出现不同程度的增长。

According to the central bank recently disclosed in the third quarter of small credit company statistical reports,By the end of 2012 and the end of the month,China had small loan company 5629,Loan balance is 533 billion yuan,The first three quarters of 141.4 billion yuan of new loans.Compared with the same period last year,All the indexes appear different degrees of growth.

　　然而，与融资性担保行业类似的是，在经济不景气的当下，小贷公司业务增长乏力。虽然整个行业的规模仍在不断膨胀，但发展质量却令人担忧。

however,And financing guarantee industry is similar,In the present economic recession,Small credit company business growth lack of power.Although the industry's scale is continually expanding,But the development quality is worrying.

　　今年以来，小贷公司新增贷款呈现逐季下滑的态势，去年第四季度小贷公司新增贷款为556亿元，而今年前三季度单季新增贷款依次为531亿元、446亿元和437亿元。

Since this year,Small credit company present new lending by season declining trend,Last year in the fourth quarter, small loan companies new loans for 55.6 billion yuan,Now for the first three quarters in new loans in turn for 53.1 billion yuan/44.6 billion yuan and 43.7 billion yuan.

　　“去年底以来我们便不断收缩小额贷款业务，今年业务量减少了50%左右，这是我们主动收缩规模的结果。”中科创金融控股集团总裁常虹告诉记者，“我们从去年下半年开始采取保守的做法，减少小贷和融资性担保的业务量，主要是为了防范风险。”

"Since late last year we will constantly contraction small loan business,This volume reduced by about 50%,This is our active contraction scale results."Win in financial holding group President ChangHong told reporters,"From the second half of last year we started to take the conservative approach,Reduce small credit and financing guarantee business,Mainly in order to guard against the risk."

　　另一家小贷公司的总经理李先生对记者说，“今年以来我们业务量下滑20%左右，这也是行业普遍情况。”

Another small credit company general manager Mr. Li told reporters,"Since this year we volume fell 20% or so,This is a common industry."

　　据记者了解，小贷公司业务量缩水有两种情形，一种是实力雄厚的小贷公司为了防范风险而主动收缩战线；另一种则是创立不久的小贷公司面临有效需求不足的情况。

According to reporter understanding,Small credit business volume shrink have two kinds of situations,One kind is strength of small loan companies in order to guard against risks and active contraction front;Another is the small credit company founded soon after facing the situation of inadequate effective demand.

　　一家去年成立的小贷公司总经理向记者表示，今年的日子并不好过，由于该公司刚成立不久，本身积累的客户资源并不丰富，加之受经济低迷的冲击，信贷需求进一步减弱。

A established last year small credit company general manager told reporters,This year's life isn't easy,Because of this the company just established soon,Itself of accumulation customer resources is not rich,And by the impact of the economic downturn,Credit demand weakened further.

　各路资金争相介入 The funds scramble to intervention

　　小贷公司的现状并不影响各路资金对它的热情，投资者看中的是这个行业潜在的高额利润空间。除了上市公司，还有一些非上市大型集团对参股小贷公司跃跃欲试。

The present situation of small credit company does not affect the funds to its enthusiasm,The eyes of investors is the industry potential profit space.In addition to the listed company,There are some private large groups on participation small credit company itch to try.

　　近日，辉隆股份(002556,股吧)一连发布三份公告，称将收购合肥德善小额贷款公司等三家小贷公司的股份，收购总价约7000万元。这只不过是上市公司角逐小贷公司市场的一个缩影。据证券时报记者不完全统计，2008年和2009年发布公告拟参股或发起设立小贷公司的上市公司近10家，2010年和2011年分别为11家和12家，而到了2012年，这一数目骤升至37家，超过了2008年～2011年之和。

recently,Fai RON shares(002556,guba)A statement issued by three,Say will purchase hefei DE good small loan companies, such as the three small credit shares in the company,Purchase price of about 70 million yuan.This is just a listed company for small credit company a miniature of the market.According to the securities times reporter incomplete statistics,In 2008 and 2009 issued a quasi participation or start to establish a small loan company's listed company nearly 10,In 2010 and 2011 respectively for 11 and 12 home,And by 2012,This number shock to 37 home,More than the sum of 2008 ~ 2011.

　　2008年5月，银监会与中国人民银行联合发布了《关于小额贷款公司的指导意见》，以政策肯定了小贷公司在农村新型金融机构的地位和角色，自此开启了上市公司涉足小贷之路。2012年5月，银监会公布《关于鼓励和引导民间资本进入银行业的实施意见》，强调符合规定的小额贷款公司可以依法改制为村镇银行。这一文件的出台更是让上市公司加速介入小贷公司。

In May 2008,And the people's bank of China banking regulatory commission jointly issued[On microfinance loan company's instruction opinion],To policy must be small credit company in the new rural financial institutions status and role,Since then opens the listed companies involved in small credit road.In May 2012,The CBRC published[About encouraging and guiding the folk capital into the banking of the implementation opinions],Emphasize in conformity with the provisions micro-credit company can according to law for restructuring village bank.This document is to let the promulgation of the listed companies to accelerate the intervention small credit company.

　　在一些上市公司发布的投资公告中，除了顺应国家的政策和社会需要、实现政策效应、支持本地中小企业发展之外，都将投资小贷公司的共同目的指向了提升公司的盈利能力和积累金融及证券业投资经验。

In some listed companies released in investment announcement,In addition to conform to the national policy and social needs/Realize policy effect/To support local small and medium-sized enterprise development besides,Will be small investment credit company pointed to the common goal promotes the company's profitability and accumulate financial and securities investment experience.

　　据记者了解，还有一些非上市大型集团也试图在小贷行业分得一杯羹。广东东莞的一家集房产、医药、体育等为一体的大型集团近期正寻找合适的小贷公司作为收购对象。该集团内部人士向记者证实，正在积极地寻找合适的竞购对象，希望能实现整体收购。

According to reporter understanding,There are some private large group also tried to in the small credit industry the equation.Guangdong dongguan's a set of housing/medicine/Sports and other as one of the major group recently are looking for suitable small credit company as targets.The group insiders confirmed to reporters,Are actively looking for the right bid for object,Hope to be able to achieve the overall acquisition.

　　风险隐忧 Risk malaises

　　“这是一种跟风行为，很多人看中小贷公司主要是认为其利润比较高，但这并不是全面的判断。小贷公司分为两种，一种是做个人贷款，一种主要做企业贷款，实际上企贷的风险比较大。”常虹告诉记者。

"This is a copycat behavior,Many people see small and medium-sized credit company mainly is that its profit is higher,But it is not comprehensive judgment.Small credit company is divided into two,One kind is to do personal loan,A major do business loans,In fact enterprise credit risk is bigger."ChangHong told reporters.

　　据他介绍，以企贷为主的中科创目前的不良率虽然不高，但是，如果整个经济下滑态势得不到遏制的话，小贷公司如果不适当控制放贷节奏，风险则比较大，“这一轮金融危机伴随原材料和人工成本上升，制造型企业经营比较困难，这对于小贷公司选择客户资源也造成一定难度，我们担心制造业的风险会传导至小贷公司。”

According to he introduced,To enterprise credit is given priority to in win the defect rate although is not high,but,If the whole economic downturn situation not contain words,Small credit company if not appropriate control lending rhythm,Risk is more big,"This round of financial crisis with raw materials and artificial cost rise,Manufacturing enterprise management more difficult,This for small loan companies choose the client resources also causes certain difficulty,We worry about the risk of manufacturing industry will be conductive to small credit company."

　　记者注意到，一些地区小贷公司的逾期贷款较年初出现大幅提高。上海金融办的统计数据显示，截至今年8月末，上海小额贷款公司累计放贷599.30亿元，逾期率1.11%，较去年年底0.64%，上升0.47个百分点，增幅超过七成。

Reporter noticed,Some areas small credit company's overdue loans early is a substantial increase.Shanghai financial do statistical data display,By the late August this year,Shanghai micro-credit company accumulated lending 59.93 billion yuan,YuQiLv 1.11%,A 0.64% by the end of last year,Rose by 0.47%,More than seventy percent growth.

　　逾期率上升或许只是出现风险的前兆，“贷款逾期攀升，意味着小贷公司经营风险上升。如果逾期大面积上升得不到遏制，那么下一步不良贷款率将上升。”一家深圳的小贷公司高管告诉记者，“如果企业能在银行拿到贷款一定不会去找其他机构，贷不到款才会找担保公司，而担保公司不愿意做，企业才会找到小贷公司，因而小贷公司的贷款必定是次级贷款。”

YuQiLv rise may be the risk of precursors appear,"Loans overdue climb,Means small credit company business risks rise.If the overdue large area rise is not stopped,So the next step bad loans will rise."A shenzhen little credit company executives told reporters,"If the enterprise can get bank loans will go to other institutions,Borrow less than money will find guarantee company,And guarantee companies do not want to do,Enterprise will find little credit company,So the little credit company loans must be subprime loans."

　　而另一位小贷公司人士称，“能够承担年息24%的贷款人，要么属于利润高的行业，比如房地产或矿产资源；要么就是找救命钱，这里面的风险很大。”

And the other a little credit company officials said,"To undertake annual interest 24% of borrowers,Either belong to high profit of the industry,Such as real estate or mineral resources;Either find JiuMingQian,Here the risk is very big."