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Small And Medium Shoe Enterprises Life And Death Line Wenzhou Push Financial Eight

2008/8/23 9:46:00 6

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Small And Medium Shoe Enterprises Wenzhou Supporting Policy

Wenzhou enterprises may be in the worst months in the coming months. Some enterprises will be forced to go bankrupt due to inability to repay the funds borrowed in the second half of the year.

This scene was staged last year.

Now, the government hopes to save the situation.

A week ago, the Wenzhou municipal government formulated eight countermeasures to supplement blood for enterprises, and plans to support 30 Wenzhou enterprises listed in the next 3 years to form the "Wenzhou plate" of Listed SMEs.

　　金融八條

In August 15th, Wenzhou held the city's financial work conference.

The final outcome of the conference is a "Wenzhou Municipal People's government's opinions on speeding up the development of Wenzhou's financial industry".

This document puts forward eight countermeasures for the development of the financial industry (hereinafter referred to as "financial eight"). The purpose is to alleviate the financing predicament of small and medium-sized enterprises and to enrich their blood.

According to local officials attending the meeting, Shao Zhanwei and mayor Zhao Yide attended the meetings of the heads of municipal institutions and districts, counties, cities, districts, counties, cities, counties, mayor and some financial institutions. Wenzhou's financial services predicament was the most talked about.

The figures given by the Wenzhou Banking Regulatory Commission are: in the first half of this year, under the tight monetary policy, the credit growth rate in Wenzhou increased by 11%, down 7.7% from the national level, lower than the GDP+CPI growth rate of Wenzhou (15.5%), or even 1.7% lower than that in Zhejiang.

In the first half of this year, small and medium enterprises in Wenzhou increased by 3 billion 300 million yuan less than the same period last year, an increase of 7.5 percentage points year-on-year.

This directly led to an increase of 33% in the number of enterprises in Wenzhou in the first 5 months of this year, an increase of 15% over the same period last year.

Some local officials believe that the increase in corporate losses is related to the high debt development pattern of many local businesses.

Corporate finance is tight and private lending is prevalent.

The central bank's Wenzhou branch official said that since the second half of last year, there have been many illegal fund-raising cases in Yueqing (Wenzhou's relatively prosperous cities, more concentrated SMEs in electrical appliances), which has affected the local financial order and financial ecological environment.

It seems inevitable that the government will take measures to resolve the crisis. The eight financial sector is born.

In view of the difficulties in loans for SMEs, this document proposes that we should strive to increase loans by 50 billion yuan a year, and invest funds in projects that meet the requirements of the state's industrial policies, and establish and improve the discount system for government loans.

The document also suggests that we should improve the interest rate pricing mechanism, guide commercial banks to make reasonable pricing, implement the risk compensation measures for small business loans, implement preferential policies such as discount loans for key enterprises, reduce the financing costs of small and medium-sized enterprises, and encourage financial institutions to develop intermediate businesses suitable for Wenzhou's economic characteristics, such as bill financing, settlement, wealth management centers and so on.

For private lending activities active in Wenzhou, the document also proposes that we should improve the monitoring system of private interest rates and grasp the trend of interest rates. This newspaper learned that Wenzhou's municipalities and counties are reporting the pilot sites for small loan companies. Local people estimate that 16 small loan companies may be granted approval in the future.

The Wenzhou municipal government also calls for the improvement and establishment of early warning mechanism and emergency mechanism, and regulating and guiding the behavior of private financing in accordance with the principle of territorial management.

The document also put forward the three year plan for the development of Wenzhou's financial industry: by 2011, the added value of Wenzhou's financial industry reached 19 billion yuan, an annual growth rate of 15%, accounting for 16% of the total GDP of the city, and striving to reach 30 listed companies, 10 billion of the financing scale, and 50 of the reserve enterprises, forming the "Wenzhou plate" of the listed companies in the small and medium enterprises.

　　困境中的企業

The Wenzhou municipal government has pushed ahead with the "financial eight item" because the survival dilemma of Wenzhou's SMEs is an open secret.

However, official data reflect only part of the truth.

Zhou Dewen, President of Wenzhou Association of small and medium enterprises, said that 20% of SMEs in Wenzhou might be in a stoppage or semi shutdown.

This data has been questioned by the authorities, but some people from the grass-roots level in Wenzhou reflect that the actual situation should be higher than this data.

Shoemaking is one of the most representative industries in Wenzhou.

An official of the Wenzhou industry and Commerce Department said that in the area under his jurisdiction, many enterprises mainly made shoes, shoes, iron, heels and upper shoes. In the first half of the year, the main business dropped by more than 30%, and some of them made shoes iron dropped by 41%, and some of the shoe enterprises fell by 50%.

Some enterprises have gone bankrupt, and more companies are sliding down the mountainside.

Wenzhou's local business people said: "the Wenzhou economy is the national economic vane, it will precede the national economy, but also sooner than the national economic downturn."

It also makes Wenzhou suffer more.

"Production enterprises will be even more miserable in the second half of the year."

"According to the characteristics of Wenzhou, the money borrowed in the second half of the year generally has to be paid off before the Spring Festival," Zhou Dewen said.

Last year, many businesses went bankrupt because they were forced to repay their debts at the end of the year.

Moreover, "bankrupt enterprises" are not necessarily considered "bad guys" by the outside world, but many "good eggs" are also abandoned as "bad guys".

The cadres at the grass-roots level mentioned above.

The government knows this.

Ji Ming, director of the Bureau of Wenzhou banking regulatory bureau, said at the financial briefing meeting that the current credit risk situation of banks can not truly reflect the survival state of enterprises.

On the face of it, the Wenzhou bank's bad loan rate is very low.

In the first half of this year, the balance of non-performing loans in Wenzhou's banking sector was 2 billion 200 million, down by 170 million yuan.

However, in order to obtain loans, some enterprises get short-term funds through private loans, and continue to get loans through old loans, and then borrow money usury.

The act of breaking up walls and making up for the West has made Wenzhou usury. Local people say that nearly 90% of Wenzhou people will lend money usury. They call the usurer "Lao Gao".

Over the past few months, the "old high" lending rate has been rising along with economic contraction and tight corporate funding. Some private lending rates have risen to 15%, and short conversion rates have been around 90%. In a piece of information provided by Zhou Dewen, the highest lending rate reached a monthly profit of 12%, that is, the annual interest rate 144%.

This not only brings the high cost operation of the enterprise, but also makes the capital chain that the enterprise is very tight become more vulnerable, and it also easily leads to the payment risk and even endangers the survival.

Moreover, the risk of private financing is being infiltrated into banks.

In Wenzhou, some financial enterprises use loan funds to handle the deposit pledge deposit, forcing clients to deduct loan funds in proportion, and binding intermediary businesses to raise loan interest rates in disguise.

Ji Ming said that private capital encouraged the blind development of some enterprises, which posed a threat to the security of bank credit assets.

　有效性可能較低

Can financial eight bring a turning point for Wenzhou enterprises?

"Financial eight" proposed that we should make use of the opportunity of pilot work of small loan companies, and guide private capital to serve the three rural areas and support local economic development such as the development of small and medium-sized enterprises.

But Zhou Dewen said: "16 small loan companies are only a drop in the bucket for Wenzhou's private capital of nearly 600 billion yuan."

This document also proposes that we should guide commercial banks to make reasonable pricing, implement the risk compensation method for small enterprises, implement the supporting policies of discount loans for key enterprises, and reduce the financing costs of small and medium-sized enterprises.

Previously, the credit scale of local commercial banks has increased by 10%.

But Zhou Dewen jokes that this is only a "soul touch" for small and medium-sized enterprises, and it will not actually be in the hands of enterprises.

"Because the pmission chain of government agencies is not smooth, even if the above to small and medium-sized enterprises a big leg, to the small and medium-sized enterprises in the hands may be some sneezes fly away the meat song."

Some local businesses describe this.

A financial officer of an electrical appliance company said, "although the policy sounds good, banks are losing their execution.

Banks will use various means to raise the cost of loans in disguise.

"For example, before 10 million of the loan, the company may borrow 5 million, so that you can continue to save 5 million, and put 15 million out, and finally give you a loan, which is equivalent to a disguised increase in costs.

Moreover, banks will also require enterprises to put some payment funds on his side and earn some intermediary businesses.

Some local banks have made clear to enterprises that banks can only add icing on the cake to enterprises.

In this regard, the banking regulatory bureau also understands that for banks and enterprises, they are only a coordinating body, and it is very difficult to play a more practical role.

Wenzhou enterprises may be in the worst months in the coming months. Some enterprises will be forced to go bankrupt due to inability to repay the funds borrowed in the second half of the year.

This scene was staged last year.

Now, the government hopes to save the situation.