Wenzhou'S Boss Can'T Afford To Pay 9 People A Day Running &Nbsp; Usury Risks Erupt.

Seven risks and risks

In fact, the risk of private lending is self-evident.

At present, the relevant state departments stipulate that the rate of private lending is 4 times less than that of the same period.

After a recent increase in interest rates, the one-year lending rate of the bank is 6.31% per annum, 4 times that of the annual interest rate, and the annual interest rate is 25.24%. It is spread to 12 months with a monthly interest rate of 2.1%, that is, the lending rate of the private lending company should not exceed 2.1% of the monthly interest rate.

At present, most formal microfinance companies and Finance

"Under the background of credit crunch and property market regulation, private funds lack investment channels. At the same time, the demand for capital in small and medium-sized manufacturing enterprises, real estate, mining and other industries is large, and private lending space is expanding rapidly. Even bank funds have served as the" second setters "of private lending.

Zhang Ligong, executive vice president of the provincial private economy research association, said: "now, whether personal or Guarantee Corporation, the monthly interest rate is far more than 3%, such a high interest rate. Once there is a dispute, the judiciary will not support the creditors, and will cause a lot of social problems in the future."

"Private capital is keen on usury, which reflects the unreasonable loan structure, the financing difficulties of SMEs, the real estate industry struggling to keep up with the mining industry and the pursuit of huge profits.

Once the economic environment changes, the prices of house prices and commodity prices will fall, and private usury will probably have huge risks.

Henan University of Economics and Law professor Li Hongchang said.

Obviously, the level of national management has also realized the seriousness of this problem.

A few days ago, the notice issued by the CBRC on the risk warning for everyone lending pointed out that there are seven major problems and risks in the lending of intermediary services, including: private funds may be restricted to the real estate industry and the "two high and one surplus" restricted industries by everyone loan intermediary companies.

Explosion of Wenzhou business owners

In fact, the crisis of private lending has broken out in places such as Wenzhou.

Before and after the Mid Autumn Festival, a group of reputable or even leading enterprises in Wenzhou were caught up in the "collapse tide".

On the evening of 21, netizens posted on micro-blog, saying that Hu Fulin, chairman of Zhejiang Xintai group, was "on the run" and the arrears could reach as high as about 2000000000.

And his "running road" has triggered a series of chain crises. At present, the whole glasses industry in Wenzhou is full of woes. Some of the mutual insurance companies are facing a collapse. If the crisis worsens further, the Wenzhou eyewear industry will face a collapse.

Hu Fulin is just the latest.

Zhejiang online reports, according to government officials, only 22 days a day, there are 9 bosses in Wenzhou.

It is reported that these bosses have been caught in the "desperate situation" of the broken capital chain: they can not afford loans, and there are many private loans with high interest rates.

Experts say that the main purpose of the CBRC's risk warning is to guard against the risk of the banking industry: a large proportion of the loan funds must come from banks.

However, some experts pointed out that the CBRC was only based on preventing the risk of private lending from spreading to the banking system, but the CBRC did not give a clear solution to the illegal behavior of everyone in lending.

Insiders call for relevant departments to strengthen relevant legislation and governance as soon as possible, so as to change the current situation of supervision and vacancy in private lending market.

Banks "grab money" can not grab private lending.

Recently, it was reported that in the first half of September, the deposits of the four state-owned commercial banks decreased by about 420 billion yuan compared with the end of 8.

Some analysts believe that the increasing popularity of private financing may become the main area of savings diversion.

Reporters visited the Zhengzhou market and found that private lending has gradually become a new investment channel for residents. In order to get high interest rates, many people lend money to deposits, or loans from banks, to individuals, companies or Guarantee Corporation.

Bank: Deposits slipping away

Mr. Wang is a client manager of a large state-owned commercial bank in Zhengzhou.

Beginning in the second half of this year, manager Wang found that bank deposits were decreasing almost every day, and many deposits had been withdrawn ahead of schedule before they expired.

"At the end of the quarter, the central bank will assess the balance of our savings, and this year is the first time to assess the length of time."

If the loan to deposit ratio does not reach a certain proportion, the loan quota will be reduced next year.

Wang said that before the assessment was carried out at the end of the month and the end of the quarter, the bank would temporarily pull some deposits to cope with it. "30 days on the day, 1 days after that, you can take them away."

But this time, the central bank has acted in a real way.

The central bank recently issued a circular calling for banks to maintain a stable ratio of deposits and loans, and the balance of deposits in September 30th and the balance of deposits in October 8th can not exceed 5 per thousand.

"Banks are worried about death."

He said with a bitter smile, "the original bank's means of saving 7 days or even 1 days of deposits through high interest rates to tide over the end of the season is no longer feasible. Everyone is thinking about the way."

Manager of the small and medium enterprises in another commercial bank of Zhengzhou, Xia manager, said that they were taking action to contact their relatives, friends, companies, individuals, Guarantee Corporation and so on.

Why does the central bank hurt the killer to stop the bank's war?

Professor Li Hongchang, a professor at Henan University of Economics and Law, said there were many problems in the high interest lending of the private sector. The state has already attached great importance to it. The central bank's efforts to curb the war of banks' storage and storage may be the first step to rectify the order of the financial market.

Manager Wang also said that many of their large clients used money as private lending, usually lending to acquaintances, with low risks and high returns, or lending to some real estate development companies, with short time and high interest rates.

Li Hongchang analysis shows that the increasingly popular private financing and even usury market may become the main area of savings diversion.

Residents: making money is really easy.

Ms. Liu, who works in the Zhengzhou science and technology market, is a member of the private lending force.

In June of this year, she sold a three bedroom old house being rented.

After getting 600 thousand yuan, he introduced his money to Guarantee Corporation by introducing his friends, and Guarantee Corporation made a 25% interest rate a year.

"I calculate the bill. If the house continues to rent, the rent will be less than 20 thousand yuan a year.

Now, if you lend this money, you can get 150 thousand yuan in one year, and what investment can get such a high income. "

Of course, Ms. Liu also said that the Guarantee Corporation she was looking for was made by acquaintances, and bankers also invested in shares, strong and reputable. The projects that chose to invest were real estate development, mining and other resources. The risk was small and the profits were huge.

"I mortgage my house to a bank loan and lend it to a pawn shop. The interest margin is quite good."

Ms. Li, a Zhengzhou citizen, has a more radical way of borrowing: mortgaging property, lending, lending and earning interest margins.

In doing so, Ms Li said she was influenced by her former colleagues.

"One of my colleagues is very economical minded. Since last year, he has mortgaged two apartments in his home to the bank and lent 1 million yuan to lend Guarantee Corporation a net profit of about 200000 yuan a year."

"At the beginning, we reminded him of the risk. Later, he saw that he got interest on time every month, and when he wanted to return it, he could do it."

Ms. Lee said that the value of the real estate market is relatively high. It is not difficult to borrow 500 thousand yuan from the bank. Now the lending rate is only 8% a year. After getting the loan, she quickly put money into the real estate company, and the real estate company made a 30% interest rate a year.

"If you change hands, you can enjoy a 22% interest rate in one year, and 500 thousand yuan can make a net profit of 110 thousand yuan in one year. How much is it?"

Ms. Li said that more and more friends around the bank pferred loans from banks to private lending, and easily gained huge spreads. "I worked in a company and worked hard to earn more than 1000 a month, and now I earn more than 9000 yuan a month.

I don't work either. I do housework at home every day, and I work in the gym.

Statistics: banks can't make ends meet.

Ms. Liu and Lee ladies, whether they withdraw their deposits or bank loans, all come from banks.

Banks face unprecedented challenges.

The statistics provided by the Provincial Bureau of statistics show that, at the national level, RMB loans increased by 548 billion 500 million yuan in August, broad money supply (M2) increased by 13.5% over the same period last year, and the growth rate of money supply M2 and M1 continued to decline, indicating that the policy tightening effect is still continuing.

But in August, the new yuan loan was much higher than the 500 billion yuan which had been widely predicted by the institution.

In August, Henan's financial operation index rebounded marginally at the edge of yellow green junction, and the balance of new RMB loans increased by 17 billion 779 million yuan compared with July, showing an expansion trend compared with the July growth rate.

According to statistics from relevant departments, the deposit outflow banking system has been accelerating since September.

But on the first 15 days, the four largest state-owned commercial bank deposits of ICBC, ABC, Bank of China and China Construction Bank decreased by 420 billion yuan compared with the end of 8.

The deposit gap seriously affected the loan. According to the data of the four largest banks in the first 15 days of September, the loans of the four largest banks increased by only about 87 billion yuan in the same period. The new loans of Bank of China (2.85, -0.04, -1.38%) were less than 1 billion yuan, and the Agricultural Bank of China (2.48, -0.03, -1.20%) had a new loan of 10 billion yuan.

ICBC and China Construction Bank have relatively more loans, which are about 50 billion yuan and 30 billion yuan respectively.

According to reports, Wenzhou, Dongguan, Fuzhou and other places of private lending boom led to the local bank deposits frequent red light.

Bank insiders say that the bank insiders have taken the deposit out of the bank and handed it to a more secure Guarantee Corporation to lend money to usury.

Now the monthly interest rate of private financing reaches 2~3 points, which is almost 10 times of the one-year deposit interest rate in the same period.

Due to a significant reduction in deposits, the daily average deposit and loan ratio of some small and medium-sized banks is close to or more than 75% of the regulatory red line.

Hidden risks behind high interest rates in private lending

In the era of "negative interest rates", domestic investment channels are monotonous and narrow. Wenzhou people feel that lending has become the most suitable means of asset value preservation and appreciation.

The rise of private lending illustrates the enhancement and improvement of residents' innovative financial management consciousness.

In addition, private lending is also a beneficial supplement to the current financial system in China, so that SMEs can get effective financing and continue to develop.

It is necessary to warn the potential risks of private lending in Wenzhou, but it is neither reasonable nor lawful to kill a private loan.

According to the opinions of the Supreme People's Court on the trial of loan cases by the people's court, the private interest rate loans are legally protected within a certain scope.

Although usury has a certain degree of irrationality, the risk of private high interest lending is not completely uncontrollable.

The Beijing News

Comment on

Private lending can not be killed by a single stick.

On the evening of September 21st, Hu Fulin, chairman of Wenzhou Xintai group, the biggest eyeglasses enterprise in Zhejiang, fled because of arrears. According to incomplete statistics, there were many bosses running in 10 days from 12 to 21 this month.

This situation reflects the risk of private lending, but it can not overstate the harmfulness of private lending.

In fact, Wenzhou's private capital from the past "real estate" to the current direct "stir up money", this is not a short-sighted behavior, but also a rational choice.

At present, the allocation of bank credit structure is unreasonable. SMEs can not get sufficient loans through normal bank financing channels, and finally resort to private lending methods, forming the source of demand.