This is because manufacturing enterprises often have large loan demand and long loan period. For heavy asset manufacturing enterprises, the construction period of enterprises is often long because of many tasks in plant construction and large amount of equipment procurement; For R&D manufacturing enterprises, product R&D and technology promotion have great uncertainty, and it is very likely that they need to continue to invest in the growth stage and even the whole life cycle of the enterprise.

Manufacturing enterprises are generally eager for medium and long-term funds, and short-term loans are difficult to match their production cycle and payment cycle. Especially in equipment manufacturing and high-tech manufacturing enterprises, the investment and research cycle is long, the capital investment is large, and they are eager for medium and long-term funds. But the reporter found that banks are more inclined to issue short-term loans to enterprises, such as one-year working capital loans.

This "mismatch" of the supply and demand capital cycle has also led to the widespread phenomenon of "short-term loans and long-term use" in manufacturing enterprises-enterprises are forced to take short-term loans to match their medium and long-term capital needs. As you can imagine, this not only increases the cost of "loan" and "loan" for enterprises, but also intensifies the unstable expectation of enterprises.