Wenzhou's small firms still struggle to obtain loans
英语课
BEIJING, July 6 (Xinhua) -- Medium- and small-sized enterprises in Wenzhou are finding bank loans increasingly hard to obtain as the city's banks face a rising non-performing loan (NPL) ratio.
The NPL ratio of the banking 1 industry in the east China city has risen for 11 straight months to reach 2.43 percent by the end of May, much higher than the country's average level of 0.9 percent by the end of the first quarter, statistics from the financial office of Wenzhou city showed.
With the NPL ratio on the rise due to the city's private lending crisis and banks' tightening 2 credit control, medium- and small-sized firms are finding it increasingly difficult to get loans, according to a report by Friday's China Securities Journal.
The report said the damaged credibility caused by the debt crisis last year had made banks ever more cautious to extend loans, citing an anonymous 3 employee in a guarantee agency.
Wenzhou, famous for its private businesses, was hit by a debt crisis last year after some 100 managers or heads of private companies were reported to have disappeared, committed suicide or declared bankruptcy 4 for failing to repay the crippling debt in the underground financing market.
The crisis has prompted the government to set up a pilot zone there to regulate private financing activities.
As part of the pilot scheme, a private lending registration 5 service center was inaugurated in Wenzhou in late April to serve as an intermediary between borrowers and lenders in an attempt to standardize 6 private lending in the city.
As of the end of May, the center had seen 16 transactions done, with an average annual rate of 21.7 percent.
Analysts 7 said the newly-found center could not significantly ease financing pressures for the medium- and small-sized firms due to the city's relatively 8 low transaction volumes and high borrowing costs.
n.银行业，银行学，金融业
- John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
- He possesses an extensive knowledge of banking.他具有广博的银行业务知识。
上紧，固定，紧密
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- It needs tightening up a little. 它还需要再收紧些。
adj.无名的；匿名的；无特色的
- Sending anonymous letters is a cowardly act.寄匿名信是懦夫的行为。
- The author wishes to remain anonymous.作者希望姓名不公开。
n.破产；无偿付能力
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n.登记，注册，挂号
- Marriage without registration is not recognized by law.法律不承认未登记的婚姻。
- What's your registration number?你挂的是几号？
v.使符合标准，使标准化
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分析家，化验员( analyst的名词复数 )
- City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
- I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。
adv.比较...地，相对地
- The rabbit is a relatively recent introduction in Australia.兔子是相对较新引入澳大利亚的物种。
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