Private Lending Is "Expensive".

3 trillion whether bank loans have entered the private lending sector is a problem.

Recently, a cracked ecosystem of private finance has highlighted this sense of urgency.

Industry + guarantee + venture capital.

The cause of failure: involved in the guarantee industry

Wenzhou, a sample area of China's private finance, is spreading a crisis.

In Wenzhou east gate economic strong town Yongqiang, "venture capital mode" private lending began to crack.

In July 27th, Wang Hexia, the boss of Wenzhou JU Bang Shoes Co., Ltd. was mysteriously missing. This "loss" phenomenon has been at least three or more.

Longwan police sources said that for half a month, 3 businesses were closed in the area.

Wang Hexia is the owner of the "missing" company after the local Jiangnan leather boss Huang He.

This is the second wave of the collapse of many enterprises in Wenzhou in April this year. At that time, the local large scale enterprises have been closed down and stopped at least 10.

Although the case is similar, the details are different.

The most obvious feature of this time is industry, guarantee and venture capital.

This appeared in an internal bulletin issued by the footwear industry association of Longwan in August 1st: the reason for Wang Hexia's "missing" is "to set foot in an illegal Guarantee Corporation".

A former Sichuan worker who worked in the giant shoe industry, Ms Huang, said that the giant was mainly engaged in foreign trade women's shoes.

The company has been doing well in recent years and is still expanding.

In March of this year, another workshop was built and a workshop was built. There were 3 production lines in two factories.

"There was no sign, almost overnight."

Longwan

However, another person familiar with the matter said that such illegal Guarantee Corporation as Wang Hexia involved were actually several people who raised money to raise "usury", and the amount involved should be between tens of millions and billions of yuan.

There is no coincidence.

In the morning of August 2nd, Bao Ye leather company of Ningcheng, Longwan, brought together a large number of onlookers.

Local police revealed that this is an old leather enterprise founded in the 90s of last century.

The usual practice is that although money is tight, some companies or individuals who have good reputation and have relations with banks are relatively easy to obtain capital.

They often get the funds at the "preferential price" of the benchmark interest rate floating 10%, leaving the arbitrage space for the "suppliers" of the funds.

Venture lending collapse

A local bank source revealed that the principal amount of usury was 10 million yuan, with a monthly interest rate of 6 cents, with a principal and interest rate of 17 million 200 thousand yuan in the first year.

If compound interest is counted, it will be nearly 19 million yuan.

Business intensive collapse "internal injury" venture capital private lending collapse

In second years, the principal interest of 19 million yuan was calculated, and the monthly interest rate was 1 million 140 thousand yuan (19006%). At the end of the year, the principal and interest rate was 32 million 680 thousand yuan, and the compound interest rate was 35 million yuan.

Third years, the principal amount of 35 million yuan, the monthly interest rate is 2 million 100 thousand yuan, at the end of the year, the principal and interest 60 million yuan.

"Po Ye leather is so dead."

The bankers said.

The more common practice is that a few people, in addition to taking out their own funds, then raise the monthly interest rate from one to half to two points to the private sector, and finally lend three or four or even higher monthly interest to others for profit.

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"Industry is a credit sign, shares Guarantee Corporation, engaging in lending is the main purpose."

Mr. Jiang, who calls himself Yongqiang "leather circles".

In fact, the field of private lending, industry, guarantee, and venture capital interlaced each other, so it often moves and leads.

This pattern began to spread after the last financial crisis.

Mr. Jiang's Deconstruction of Wang and Xia's "capital group" shareholders is not a single one, there are different areas of business owners, financial institutions, and even government figures.

Some of these shareholders, apart from their own funds, have continuously absorbed funds into various channels.

On the flow direction, such as engaging in high interest loans, real estate investment, securities investment and so on, and capital trader is called "venture capitalist".

At present, Wang surnamed, who is controlled by the police, is one of the representatives.

According to people familiar with the matter, "Wang venture capital" involves at least 4 billion yuan of funds, because the amount is too large, and it can not turn around to cause personal safety. He voluntarily surrendered himself and was controlled by a local police force in a guesthouse in downtown Wenzhou.

"Basically, some bank employees and public servants lend him money from the bank."

The informed sources further revealed that after obtaining funds, Wang went to Shanghai to do "venture capital".

Bank account manager fled

These people further revealed.

At present, "Wang venture capital" assets are still 400 million -5 billion yuan.

Originally from the bank loan working capital chain, but the money continued to tighten, real estate investment, the stock market fever no longer, the space for profit gradually reduced, so that his turnover gradually failed.

"Wang venture investment" is the aggregation point of fund group, and also the operator, and the risk spreads to all links.

As these lending intermediaries come from related fields, financial institutions that are affecting the crisis are also emerging.

"I can see in Wenzhou that there are too many people who borrow money.

Interest may also rise as lending becomes tighter.

But now there are more and more capital disputes.

An agricultural bank in Wenzhou area told reporters, "we all think that it is hard for industry to make money, so it is better to get money back and lend it more money."

The high-risk period of the new model has arrived and there are more and more disputes.

Take Yueqing as an example. In the first half of this year, the Yueqing people's court heard 636 cases of private lending, involving 269 million yuan.

In August 1st, a high surnamed customer manager of Wenzhou branch of CITIC Bank, Liushi, ran away. Local police have been involved in the investigation.

According to the Wenzhou branch of CITIC Bank Liushi branch, the high involvement of private lending may be around 70 million yuan. Before the accident, he also sent some letters to some clients, apologizing, saying he had been cheated.

"She is involved in these funds, all because of the bank's storage business," a friend and friend who claimed to understand Gao's "difficulties" revealed.

In Wenzhou, most of the bankers are closely related to private lending agencies such as guarantee and investment consulting companies for their purpose.

In one to two, a mutual relationship between capital and loan is established.

A local city business branch chairman said with concern, "Wenzhou private lending monthly interest rate has reached 6 to 9 points, the use of bank customer manager identity lending to lend money, the risk is not generally high."