High-yield forest credit risk (below)

Experience at home and abroad shows that the use of forest resources as collateral is a more feasible approach. At present, Hunan Provincial Forestry Department pilot and Hunan Agricultural Bank implement forestry loan to implement forest resources assets mortgage loan, implement the issued unified borrowing and repayment loan debt transfer funds of 29 million yuan, and newly issued loans of more than 50 million yuan, this practice gradually The pilot provinces and the grass-roots level were accepted, with strong practicality, guidance and operability. However, there are also some problems, such as the lack of sound forest resources assessment agencies, non-standard management, forest insurance insurance, high premiums, implementation difficulties.
It is suggested to carry out a special study on how to dynamically analyze the value of forest resources during the repayment period, forest rights, forest land use rights, possible economic disputes arising from the transfer of forestry assets, and how to carry out forest resources insurance. Some generic methods of asset mortgages. In addition, for the country's key large-scale forestry-paper projects such as the 500,000-ton pulp mill and raw material forest project in Zhanjiang, Guangdong, project financing can be attempted to solve the problem of guarantee difficulties, avoiding bank risks and also strengthening the scientific management of project construction.
Loan Subsidy: The HSBC loan project should actively strive to enjoy certain financial interest discounts.
Loan Term: At present, the rotation period of the short-cycle broadleaved oak wood and the fast-growing high-yield forest is 6 years, while the rotation period of softwood such as pine wood is 15 years and the duration is longer. Since fast-growing forests must really achieve input-cultivation-rotation-renewing and sustaining sustainable development, the loan period basically requires two rounds of rotation and belongs to medium and long-term loans.
Supporting the credit policy of fast-growing and high-yielding forests: Give play to the guiding role of policy banks in the industry, actively support the pilot companies Lin, cultivate large enterprise groups, and establish “forestry industry belts” in the conditional areas. The initial stage of industrial development, the interaction between the government, enterprises, and banks is very Necessary, banks should actively play the role of industry guidance, relying on the State Forestry Administration to play a coordinating role in the industry, select large-scale enterprise groups with appropriate foundations to engage in leading enterprises for piloting forestry industrialization, and actively strive for central, local governments, industry authorities, etc. The implementation of various supporting policies.
Forestry belongs to the big industry cycle, and it should actively support the development of the entire industrial group, and establish “forestry industry belt” composed of scientific research, production, processing, trade and all kinds of service industries with wood as the main raw material in the regions with conditions.
Support forestry-paper integration and forest-plate integration, take industrialization development model, and support existing forest resource supply structures to support the cultivation of young and middle-aged forests and increase the productivity of forest land resources for nearly 20 years. China's wood growth is facing young and middle-aged forests and trails. The development of forest-paper integration and the integration of forest and board can solve the problem of small-diameter timber, and can also “get bigger” to a certain extent to meet market demand and promote the development of the entire industry. The existing planted forest area in China ranks first in the world, and it is mainly young and middle-aged forest. In the future, in the process of supporting industrialization, it is necessary to increase the tending of young and middle-aged forests and increase the utilization efficiency of existing forest land resources.
Based on the existing distribution of forestry industry, we will focus on supporting three development models and form a scale of operation. According to the existing enterprise layout, there are three development models: The first is to establish a supporting industrial raw material forest base based on the leading forestry industry enterprises. The second type is based on the existing forest management companies with advanced management and management, and supporting the construction of processing enterprises. The third is the construction of large-scale modern enterprises in areas where natural conditions and market conditions are relatively satisfactory. In short, at this stage, CDB support forestry credit policy must be based on nurturing large enterprise groups, nurturing and processing closely integrated, taking the road of industrial development.
The combination of traditional credit services and the cultivation of capital markets will increase the ability of companies to raise funds and promote large-scale mergers and acquisitions among enterprises; the development of forestry loan projects should not only satisfy the review of loan conditions, but also focus more on the traditional credit services and capital markets. Cultivate and combine, try to take market measures such as listing and related industries, and develop industrial investment funds to carry out capital operations, improve the company's ability to raise funds, and actively promote mergers and acquisitions among enterprises.
Strengthen the contact with foreign capital, draw lessons from foreign advanced management experience, and guide the international capital investment The international market of forestry and paper industry is generally optimistic about the development of China's forestry and paper industry. In recent years, international multinational companies have increased their direct investment in China. The development bank should assist domestic enterprises, strengthen ties with foreign capital, introduce advanced foreign experience and technology, guide international capital to invest in forestry paper, and strengthen research and development capabilities for domestic and foreign technologies and markets.
The Ministry of Finance actively strives for a forest loan interest discount policy: in accordance with current state finance regulations, the Agricultural Bank’s forestry loan project enjoys a policy of financial discount, but the Development Bank’s forest loan project has not yet been included in the scope of financial interest subsidies, and the three ministries “accelerate the development of papermaking. "Some opinions on the construction of industrial raw material forest bases" have already proposed that "the state finances will give forest-produced projects interest in fast-growing and high-yielding forest loans according to the current regulations, and increase the proportion of interest subsidies in an appropriate manner." It is suggested that development banks actively strive for this policy to reduce the risk of forestry loans.
A special study on forestry asset asset mortgage security methods will be conducted to clarify existing issues and development trends, and foreign experiences will be used to reduce the risk of forestry loans: Forest land and forest resources as collateral can effectively reduce the risk of forestry loans. The key is to establish a sound assessment mechanism. Solve the existing problems and propose feasible solutions to improve the operability of mortgage realisation of forest land and forest resources.