Runaway Businessmen Refract Credit Crisis

"Escape" seems to be one of the key words in Zhejiang's business community.

The famous fleeing in the media is only a handful, and more escape is unknown.

Local statistics show that only in the first quarter of this year, there were 28 enterprises involved in bank financing and business owners escaping from Taizhou, mainly in the hardware manufacturing industry, which endanger the bank's claims by 218 million yuan.

From the perspective of asset size, most of the escapes are owners of small and medium-sized enterprises whose output value is below 2 billion yuan.

They focus on the wealth areas of private capital such as Wenzhou, Yiwu, Shaoxing, Jinhua, Ningbo and Taizhou, which are distributed in the sensitive industrial chain of macro policies from processing trade to real estate.

Why do we have to run?

Why are so many people running one after another?

     資金鏈斷裂

It is capital chain breaking that keeps these bosses running.

Because Zhejiang businessmen rely mainly on two financial instruments, usury and guarantee.

The financing guarantee network formed by ties of blood, relatives and friends circle has always been one of the most profound commercial cultural traditions of Zhejiang businessmen.

You have me, I have your chain Guarantee Circle, which links the capital chain rings of numerous enterprises.

Once the money is tight, the market is tight, causing everyone to die together.

A bank credit department member who has broken through many enterprise funding chains commented, "this is like my detonating fuse installed on you. Your fuse is installed on me. Everyone's fuse is tied together. An explosion will trigger a chain of explosions of a large number of enterprises.

A boss escapes and causes a group of bosses to run away.

For example, the Sino Hong Kong Group, which was hit in October, is the hidden debtor of the Yiwu Jin Wu group in June.

As one of the most important guarantor of Jin Wu group, it has secured the loan of Jin Wu group to financial institutions.

After the breakup of the capital chain and the escape from the boss Zhang Zhengjian, the China Hong Kong group could not afford to repay the huge loan pressure, which eventually led to the escape of the boss Ding Qingping.

On the list of mutual insurance companies of leap Group, Qianjiang listed the Qianjiang Group and Xingxing group ranked first and third in the comprehensive strength of Taizhou industrial enterprises.

Only in the guarantee circle of the Nan Wang Group, who entered the bankruptcy reorganization process, there were three flower groups, Tong CE group, Xinchang diesel engine plant and Hangzhou Ai Da Pharmaceutical Co., Ltd.

This mutual insurance method has been praised as the "Baotuan culture" of Zhejiang merchants.

But at that time, few people pointed out the risk of the Domino card. Under the macroeconomic regulation and control and the tightening of credit policy, the risk of one of them was pferred to all mutual insurance companies.

In the winter of the macroeconomy, the list of fleeing businessmen is getting longer and longer. Behind them are broken capital chains, debt ridden usury, and collectively paid workers.

     信用的缺失

The development of businessmen in Jiangsu and Zhejiang is inseparable from the nourishment of underground banks.

Most of them (businessmen in Zhejiang) start their businesses by washing their feet. When they become bigger, they can not control them. When a financial crisis occurs, the first thing to think is to keep some of their assets pferred abroad, and feel that this is stronger than bankruptcy.

The reason is very simple: human relations are like heaven. Corporate financing mainly comes from mutual guarantees of relatives and friends, which is bound to be a matter of business owners.

In front of business owners, there are three choices: death, debt, bankruptcy, bankruptcy and temporary escape.

In July 19th, Zhu Jiguang, the boss of Zhejiang Yun Guang pump and valve manufacturing Co., which fled from Yongjia County of Wenzhou, ended her 56 year old life in a small inn in Yueqing, and broke away for more than half a year.

There are only 20 words left before the death of a pair of children: "take care of yourself and be good to your mother. Dad is gone. It's useless."

At this point, Zhu Jiguang secured a loan for his friend a year ago, and he rolled it to 10 million.

Many Guarantee Corporation forced him into Huang Quan road.

And before that, Zhejiang entrepreneurs who hang up and jump off buildings are everywhere.

Everything is bigger than life and death. It is a confession to creditors.

Or is it a declaration of bankruptcy, but people do not die without debt. Borrowed money is human debt rather than bank debt. How do you escape?

Even if the creditors and vultures are allowed to swallow corporate corpses, how many meat can be eaten in the dead season?

Too rigid to fold, too soft to abolition, death is not a way, sitting on the ground to declare a rotten life, this is not a way.

The workable plan is still the thirty-six way to go.

Let's wait for the opportunity.

Once business is on the market, the boss is "a good man after eighteen months", and it's not good to say.

In addition, a clear fact is that whether the large enterprises that have gone bankrupt this year, whether they are south looking and leap, or the medium-sized enterprises such as Jiang long and Hong Kong, which run by their owners, have been exposed to a large amount of usury funds, almost every household is over 1 billion yuan.

After a large scale fund-raising by private sector in Zhejiang, a real estate deficit of 800 million yuan.

As for the incident, there are still 1 billion 585 million yuan in raising capital liabilities, involving 29933 people and 15947 households.

Usury is a recognition of people who do not recognize the company, even if the company.