Funds critical situation, because private loans, money-strand breaks caused by the 'Wenzhou storm' has been a chain reaction, and its impact in the end will be? Will not appear similar to the closures in 2008?
Tension off the chain of funds, debt problems, the recent outbreak of Wenzhou business owners 'on foot tide', even by the owner committed suicide. Today, 'on foot tide' has been spreading, recently it came to family business owners in Shenzhen
LED light lamp running, Ordos a real estate owner and hanged himself. In order to save themselves, some employers began to Wenzhou cheap luxury car, sell property, return of funds to develop industries.
'State 9' ability to check the spread of Wenzhou crisis? National People's Congress Standing Committee, vice chairman of the House Judiciary Committee, Democratic National Construction Association Central Committee Vice Chairman Gu Shengzu said yesterday that the government should further regulate private loans, wary of Chinese-style subprime mortgage crisis.
Wenzhou boss, cheap luxury cars, throwing house cash
Mercedes-Benz S600, the market price is now 2.6 million as long as 40 million. You believe it? Maserati, Rolls Royce, Lamborghini ...... of the top luxury car limited edition, recently gathered in Wenzhou used car. Due to capital chain tension, Wenzhou some boss or cheap luxury car, sell property, to return the funds to develop industries.
Reporters second-hand car market in Wenzhou to see five or six more than 100,000 cars everywhere, millions or even tens of millions of vehicles, there are some figure, can be a very rarely seen in tens of millions of Rolls-Royce, in the market can occur even once twenty-three. 'This here car dealers a few months, most financial problems are the boss. 'Second-hand cars car dealers Chen Li told reporters.
Reporters saw a large part of the car is 2010, and part of 2011, including a Porsche Cayenne, purchase time for September 2011. Chen Li said that the car was opened more than two thousand kilometers, is essentially new, the owner has to pay to the insurance in 2013. 'If it were money problems, eager to cash in, who would be willing to sell. Less than a month before opening, on the loss of Wuliushiwan. '
Lee saw an almost new Mercedes-Benz at S600, when you buy this car in about 2.6 million, the seller can then reported the sale price of only 40 million! In the subsequent conversation, Mr. Lee learned that the original this car luxury cars are not the main vehicle, that is, the owner has not even paid, can not apply for transfer procedures. Although, there are ways to help the seller said the transfer, on the card, but Lee was not under the fork.
11 Golden Week, Shanghai staged exhibitions will also sell a lot of Wenzhou businessmen Shanghai real estate scene. Wenzhou, a small business owner, said four sets of hands before the house up for sale in Shanghai, a half a million cheaper than before. In fact, from mid-September, the Shanghai real estate market, there have been many 'Wenzhou off Jishou room', which houses hundreds of thousands lower than the market price or even several million dollars, Wenzhou and even comes with high-end sports car passenger. In Hangzhou, Wenzhou, Wenzhou businessmen sale of flats and common phenomenon recently. Automobile and motorcycle parts in Wenzhou, a business owner because of the company's debt maturity Zhang, urgent need for funds 800 million, had an emergency sale of investment real estate two years ago, to return the funds.
Wenzhou businessmen, it is forced to make a seller's decision, first half of the banks have basically stopped lending gates, companies rely on private loans, private loans in previous years, 10% to 20% interest, this year was more than 50%. In addition to private lending, lending to each other between enterprises, but in the second half of this year, has been unable to speak again in the Wenzhou people to borrow money.
Recently came seven Xin Qi, chairman Liu Xinhao nearly 20 billion debt to flee, but are aware of is the rumor came out, Liu Xinhao has transferred its holdings of Xin Yang electrical 88.92% of the shares, and no longer hold any position .
Reporters visited the day before Liu Xinhao located in Ningbo Industrial Zone, Xidian, Ninghai County of Xin Yang appliances, a worker told reporters that they heard that the boss controls the Public Security Bureau, but on foot, until they go to work until October 11.
Reporters came to the Ninghai County Business Council Xin Yang electrical information queries, the staff said: 'you are to be debt with Xinyang Electric do?' Of the staff members said, recently has been a lot of foreign creditors to get access to electrical and Liuxin Hao Xin the data.
'Variety of large and small creditors, many of them go to court. Two days before a loan shark to lend Liu Xinhao 5 million people and lawyers together, the creditors said to return to this 500 million, 20 percent of lawyers give the reward. 'The staff told reporters. Ninghai County, the Bureau of Xinyang Electric Co., Ltd. to produce the basic information display, and its legal representative has been changed to have a 11.08% stake Zhou Weiqing, Liu Xinhao's 88.92% stake was transferred to the present as supervisors Liu Mingxia. It is understood, is likely to be Liuxin Hao Liu Mingxia daughter.
The equity changes occurred in the August 30, 2011, at this time Liu Xinhao, already know that he's unable to pay wages in August, less than 1.095 billion yuan of loans from banks, but can not afford the monthly 800 million private lending Only 30 million of interest nearest big burden.
Ningbo: nearly two billion debt withdraw its role boss
Funds strand breaks caused by the 'on foot tide' spread, October 8, Li Industrial Co., Ltd. Shenzhen Jun more (hereinafter referred to as 'multi-Jun Li's'), Chairman Mao Guojun, Cui Lihua and his wife worked in the company of relatives all missing, since in vain.
It is understood that more than Jun Li Hua Branch of Construction Bank's outstanding loans to 30 million in arrears Sinochem International Far Eastern Leasing Company 17.28 million yuan, the registered supplier payments in arrears more than 12 million, according to media reports, the company guarantees its arrears 33 million or so, and even some not yet surfaced of debtors.
Although the dismal year industry, but more established companies are still trying Jun adverse economic expansion. According to reports, more established companies Jun Shuangliu County in 2009 and signed the order, ready to Shuangliu investment of 400 million yuan, the construction of LED R & D, production, packaging and various application programs, the project after signing multi-Jun Li, Shenzhen, the company will present plant as a whole moved to Hong Kong Air Shuangliu West Zone.
A production department staff briefing, although Shuangliu production base has been put into production, but the benefits have been bad, it's an adventure that adverse economic expansion, more established companies that Jun-strand breaks into the plight of funds. Because to understand the company's financial difficulties, many employees have resigned the Ministry of Finance.
A three-month first came to the company's finance department staff, told reporters: 'first came to the company the next day, the boss let me do the financing, and I know the company's financial situation is not good, wanted to resign. 'But then is the way to appease the boss down with pay, three months, she offered to resign several times, but are depressed by the boss.
Interview, many employees are more established companies that Jun family management model: one company controlled by the Mao Guojun, his wife, Cui Lihua responsible for finance and audit, and even many of the senior management do not know some of the company's core business. Even in the company's business expansion, they did not build a team full of talent, rely on a manipulator, in the face of financial difficulties, the pressure of a huge, difficult to withdraw.
A vendor told reporters, although more
Li Jun's capital chain tension, but the boss seems to be on foot 'emergencies', an employee of the company's finance department, told reporters that her family ties are the boss, the boss may also will come back.
Shenzhen: a family business owners on foot LED
Many creditors have been noisy, real estate-rich Ordos City (hereinafter referred to as 'the rich') the legal representative of Wang Fu Jin on September 24 suicide hanging in the toilet. Although since the second half of this year, there have been some real estate owners fled because of the events capital chain tension, but the death of the first case.
Problems with many real estate companies, in the rich environment of the credit crunch is extremely capital chain tension.
The full two shareholders - Hao Xiaojun and Fu-Jin, Wang Fu Jin legal representative, holds a 30% stake, Hao Xiaojun hold a 70% stake. The rich Chinese companies in the course of business units to 373 individuals and 263 million yuan debt.
263 million private lending costly, a number of creditors, told reporters, they give the rich interest of 3 points (monthly interest rate of 3%), that is, the rich have to pay 7.89 million yuan per month interest.
Several creditors said that he also loans from lending money. A loan from 2009 to the rich creditors that their claims to a total of 20 million, only a few hundred thousand of its own funds, most of the rest was 2 points or 2 points with 5 of the interest from relatives, friends, borrowed, because the the rich can give three points of interest. Another creditor, said most of their money from banks to obtain real estate loans, auto loans.
There are rumors Hao Xiaojun escape creditors, the company said Hao Xiaojun rich is 'long-term illness out treatment, can not go back in time'.