Page 220 - Contributed Paper Session (CPS) - Volume 6

CPS1892 Yang Xinhong
3.3 Evaluation
3.3.1 Comparison with the Data from Industry Associations
The survey choose Shenzhen Gold and Jewelry Industry Association (with
more than 700 members and over RMB 180 billion operating income in 2015),
Shenzhen Service and Trade Association (with 735 members, and over RMB
100 billion operating income) and Shenzhen Mobile Phone Industry
Association (with more than 1200 members, and over RMB 1 10 billion
operating income) at the same time in order to understand the average
turnover, the proportion of "NOF" in operating capital, and so forth of their
members in 2015. Three industry associations were entrusted to use Delphi
Method (expert-opinion-method) to collect data and fill out the "Shenzhen
Industry Development and Financial Activities Questionnaire". The data
collected by the industry associations is basically consistent with the survey
data (see Table 10)

Table 10 Comparison between data from "NOF" survey and data from industry association
survey with Delphi method

Note: "NOF" survey data is collected with Interviewer survey method.

3.3.2 Comparison with the Data of Loan Obtained from the Banking
Regulatory Department
According to the statistics of Shenzhen Banking Regulatory Department,
the lending balance of financial institutions to the self-employed households
(formal financial institutions lending) was RMB 63.594 billion at the end of
2015 and RMB 78.764 billion on June 30, 2016 respectively. The estimated
"NOF" amount in this survey is RMB 72.417 billion. It can be seen that the
"NOF" amount of the self-employed households is no less than the amount
lend from formal financial institutions.
Table 11 Loans from financial institutions in Shenzhen
Unit: billion RMB

4. The Value-added Accounting of Self-employed Households' "NOF"
In this survey, the data sources of "NOF" loan activities of self-employed
households are widespread, and the same survey subject has a variety of
channels of loan in different periods or in the same period, so it is difficult to

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