More And More Zhejiang Shoe Companies Are Running Away From The "Paradise".

All the time, Wenzhou China's rich have gathered. It has been said that Jiangsu and Zhejiang is a paradise for small and medium-sized private enterprises. But now, more and more Zhejiang bosses are running away from "heaven". Following the escape of Hu Fulin, chairman of Wenzhou Xintai group, the news came out of the running of the owner of Wenzhou's Tyr copper and shoe companies. What is the reason for such a result?

"Every month we run away." For the "storm", local people responded to reporters. According to the current public information statistics, since this year, nearly 40 Zhejiang bosses did not know what to do. "In the month of September alone, there were nearly 20 cases. Even a few days ago, there were several bosses running away." The local people said.

In this reporter's interview, I understand that some bosses even dare not go to "run the road" company to ask for a loan, for fear that others will know that their company is too fast to go on. "Watch your boss!" some people are joking.

A Wenzhou boss's running list is also constantly updated, and the list of proven companies has many local leading companies. For example, Jiangnan Leather Co., Ltd. located in Longwan District of Wenzhou, Zhejiang Tianshi electronics company in Yueqing, giant copper Shoes Co., Ltd. in Wenzhou Longwan District, Wenzhou, Longwan, "Bai Le household appliances", Wenzhou's largest eyeglasses enterprise, Xin Tai Group and Zhejiang Steel Co., Ltd. and so on, nearly 30 enterprises are involved in tens of millions or even hundreds of millions of yuan.

Private lending in Wenzhou is well known throughout the country. Many companies can even get money without using IOUs. Of course, considerable interest is also the reason why lenders go in droves. Snowball like private capital is getting bigger and bigger. Zhou Dewen, President of Wenzhou SME Development Association, once said publicly that Wenzhou now has about 8000 to 10 thousand billion of private capital.

It is these private capital that makes Zhejiang bosses, including Wenzhou, "leave their homes".

"Watch your boss".

This Exodus tide involves industry Not only footwear intensive labor intensive industries, but also energy companies.

This reporter learned that only one day in September 25th, two large business owners fled, including Wenzhou variety. footwear industry And Wenzhou Longwan Tyr copper industry.

According to the information circulated at present, the owner of the footwear industry fled the family and owed a large sum of money and wages to the employees. According to anecdotal evidence, the boss not only deceived the supplier, but also did not know his brother, and the amount involved is under investigation.

A day ago, a shoe company owner ran away. On the morning of September 24th at nine a.m., there were hundreds of employees in Wenzhou Wenzhou Zheng de Shoes Co., Ltd., with employees and suppliers.

It is understood that the company covers an area of 8000 square meters, the construction area of 5600 square meters, the existing staff of more than 800 people, leather shoes products are mainly sold in Europe, the United States, South Korea, Africa and other countries.

The industry is not only a labor-intensive industry, such as shoes, but also related to energy companies. One day, the shoe industry was seen to be away from Zhejiang Tai Er copper limited. At present, its official website has been unable to open.

Public information shows that tyre is a brand enterprise specializing in the production of high-precision copper strips. Located in Longwan District, Wenzhou, Zhejiang, the company has an annual output of 10000 tons. In 2008 and 2009, it was rated as an excellent enterprise, a top 50 taxpayer and a senior member of copper industry. The second phase of Shouning in Fujian has a registered capital of 80 million yuan. Now the boss has already been identified. {page_break}

Until now, the most noticeable thing is Hu Fulin, chairman of Wenzhou's glasses leading enterprise Xintai group.

Up to today, there are still suppliers wandering in the new factory area of Xintai group in Wenzhou Ouhai Economic Development Zone, as the leading enterprise of glasses in Wenzhou. Since the news of the escaping of its chairman Hu Fulin in September 21st, the whole industry has been "quake".

According to public information, Xintai group was founded in 1993. Chairman Hu Fulin inherited the family glasses business since his childhood. He is also the earliest glasses dealer in the locality. Wenzhou Ouhai is eyeglasses enterprise gathering area, Hu Fulin's enterprise scale is second, the first place is Hengtai optics, currently the first tax payment in Ouhai eyeglasses industry. In 2010, the sales revenue of Xintai group glasses business was 270 million yuan.

Xintai group has the best known of all the "American glasses chain" in East and Northeast China. At present, the company has more than 200 chain stores in East China. According to the previously announced plan, Xintai group plans to store 10000 stores nationwide in the next five years.

The Wenzhou City eyewear association has received 5 industrial suppliers' notice of suspension in the morning of September 24th. The reason is that Xintai has a large amount of arrears on upstream suppliers, which has led to upstream suppliers being chased by banks or debt collectors by related enterprises. In the afternoon, news of some enterprises may stop working in succession.

The same weight class companies with Xintai group also have many runner. Zheng Zhuju, the female boss of the "Bacon appliance" who escaped more than half a month, was arrested in September 9th, which is good news for the supplier.

In Longwan, Zheng Ju Ju is famous. The 1962 born female boss has worked for nearly 20 years in the local household appliance business. Her shop, once the general agent of GREE electric, also runs SIEMENS, SONY, Haier, Panasonic, TCL, LG, Hisense, Mei, Konka and other brand electric appliances.

According to statistics, Zheng Zhu Ju owed creditors' cash loans and bank acceptance bills up to 280 million yuan, including 180 million yuan in cash and 100 million yuan in bank acceptance bills.

The fallen Domino.

After seeing the benefits of money, many bosses put their money into the "money frying army".

Wenzhou economic and Trade Commission released data. In the first quarter of 2011, the sales value of 35 export oriented enterprises such as Wenzhou glasses, lighters, pens, locks and so on decreased by 7% compared with the same period last year, and the profit dropped by 30% over the same period last year. At the same time, the order amount of these enterprises is decreasing, and the average amount of single orders is 16.7% lower than that of the same period last year.

Capital chain tension is the most difficult problem faced by most enterprises this year, and the problem is concentrated in Jiangsu and Zhejiang, and even concentrated in Wenzhou. If enterprises fail to pay, they will extend their hands to private capital. This year, the operation of enterprises is particularly dismal, and the interest rate of borrowers will continue to increase. In order to let enterprises run, they will continue to invest in a vicious circle. Eventually, the vicious circle will lead enterprises to hold on, and at the same time, they will not be able to borrow the company's money. A businessman doing business in Ningbo always told reporters that {page_break}

The businessman's statement may only apply to those enterprises that are doing their main business. This escaping tide shows another phenomenon: that most people are involved in usury and guarantee.

The latest report of Wenzhou private lending market released by the Wenzhou central sub branch of the people's Bank of China shows that 89% of the households in Wenzhou and 59.67% of the enterprises are involved in private lending. At present, the scale of private lending in Wenzhou is as high as 110 billion yuan.

The lowest level of participation in private lending is basically personal, family or individual units, to intermediaries, and then transferred to Guarantee Corporation. And Guarantee corporation put the money in the company.

The profit margins and return rates of enterprises are naturally not high. Some enterprises will turn their attention to the main business. If the escaping Xintai group is a new photovoltaic power, the result will be that the bubble is insolvent and can only escape.

In the list of listed companies, there are also many enterprises involved in the guarantee and final capital chain breaking.

According to the investigation of Wenzhou central sub branch of the people's Bank of China, since 2005, with the deepening of the reform of Wenzhou's rural financial system, Wenzhou has launched a boom in the stock market. Since July 2008, with the continuous development of small loan companies and village banks, the investment of private enterprises in Wenzhou has been unprecedentedly positive. By the middle of 2010, 1361 private backbone enterprises had invested in all kinds of financial institutions and invested about 7 billion yuan.

In April of this year, Chen Fucai, chairman of the three flag group in Yueqing, ran away because of the difficulties in the capital chain and the mutual insurance of enterprises. At the end of July, the owner of the giant Bang Shoes Co., Ltd., located in the coastal area of Longwan, Wenzhou, was informed that it had invested about 100 million yuan in the Guarantee Corporation. In August 24th, the boss of the Jinchao Electric Appliance Co., Ltd. in Wenzhou Ouhai district was wearing a missing. The reason might be that the Guarantee Corporation involved in its operation was out of question; in September 23rd, the niece of Wenzhou Shun Chi Group chairman Shi Shunji, who used the group financial cashier's identity, defrauded 1 billion 300 million yuan. Because of Guarantee Corporation's problems, Shun Ji was involved, and two people have been arrested for trial.

Enterprises borrow usury, not Guarantee Corporation, Guarantee corporation can not get back the accounts, the more the enterprise loses, the hole grows bigger and bigger, and the effect of Domino is formed.

And many companies bosses see the benefits of money generating money, and industry does not make money. Participation in Guarantee Corporation's scrambled money has become a way to make money.

It is also understood that the current level of interest rate of private lending in Wenzhou has exceeded the highest historical value. The average monthly interest rate is 2 to 6 points, some even as high as 0.15 yuan, with an annual interest rate of 180%. The businessmen said that some short-term usurious loans even reached 3 or 5 cents. Such a high quota is very easy for enterprises to die overnight.

"This wave of usury has spread to other areas. After spending a few days in Shandong, it was found that such a county town in Zouping was also very popular. Young people were driving around in the streets with good cars and doing business among middlemen. The following 35 stores had hundreds of thousands of borrowers waiting to get high interest rates. This way, it's not just Wenzhou that runs. The businessmen said.