中国银河：实体经济80%以上资金依旧来自间接融资，银行是企业融资的核心渠道

【中国银河：实体经济80%以上资金依旧来自间接融资，银行是企业融资的核心渠道】相较国际市场，我国社会融资结构严重失衡，直接融资占比偏低。从社融结构上看，以银行贷款为代表的间接融资是我国企业的主要融资渠道。截至目前，我国企业债券融资占社融比重9.01%，股票融资占比3.09%，直接融资占比合计12.1%。证监会直接融资和间接融资国际比较专题研究中整理的来自世界银行数据显示，1990年至2012年间，G20成员国平均直接融资比重从55%上升至66.9%，美国直接融资占比维持在80%以上。我国直接融资比重合计不足15%，远落后于美国。","multimedia":{"img_url":["https://n.sinaimg.cn/zhibo/243/w1262h581/20230201/fe38-308402f943d063ee4b37f803f87c57b7.png"]},"commentid":"live:finance-152-2965878:0","compere_id":0,"creator":"maohua1@staff.sina.com","mender":"maohua1@staff.sina.com","create_time":"2023-02-01 14:27:38","update_time":"2023-02-01 14:27:48","is_need_check":"0","check_time":"1970-01-01 08:00:01","check_status":"1","check_user":"","is_delete":0,"top_value":0,"is_focus":0,"source_content_id":"0","anchor_image_url":"","anchor":"直播员","ext":"{"stocks":[{"market":"hk","symbol":"06881","key":"u4e2du56fdu94f6u6cb3"},{"market":"cn","symbol":"sh601881","key":"u4e2du56fdu94f6u6cb3"},{"market":"us","symbol":"cgxyy","key":"u4e2du56fdu94f6u6cb3"},{"market":"fund","symbol":"161121","key":"u94f6u884c"},{"market":"fund","symbol":"515290","key":"u94f6u884c"},{"market":"CFF","symbol":"nf_tf0","key":"u503au5238"},{"market":"CFF","symbol":"nf_t0","key":"u503au5238"}],"needPush":false,"needAIPush":false,"needCMSLink":true,"needCalender":false,"needProvince":"0","docurl":"https:\/\/finance.sina.com.cn\/7x24\/2023-02-01\/doc-imyeeraq6748435.shtml","docid":"myeeraq6748435"}","old_live_cid":"0","tab":"","tag":[{"id":"1","name":"宏观"},{"id":"2","name":"行业"}],"like_nums":0,"comment_list":{"list":[],"total":0,"thread_show":0,"qreply":0,"qreply_show":0,"show":0},"docurl":"https://finance.sina.cn/7x24/2023-02-01/detail-imyeeraq6748435.d.html","rich_text_nick_to_url":[],"rich_text_nick_to_routeUri":[],"compere_info":""},{"id":2965877,"zhibo_id":152,"type":0,"rich_text":"A股教育股震荡走强，传智教育此前涨停，中国高科涨超7%，美吉姆、豆神教育、创业黑马、行动教育、科德教育等多股涨逾4%。