710 Billion, It Is Difficult For Wenzhou Enterprises To Thirst For &Nbsp; Only 20% Of Loans Are Used For Business.

600 billion of bank loans plus 110 billion of the private sector.

Only 20% of loans are used for business.

If we look at official data, "money shortage" does not exist.

According to the "Wenzhou financial situation analysis report" issued by the Central Bank branch of the people's Bank of China in the first half of the year, as of the end of 6, the balance of foreign currency loans of Wenzhou's banking industry was 602 billion 278 million yuan, an increase of 16.6% over the same period last year.

Among them, the loan for small businesses has maintained a relatively fast growth, and the loan balance of the small businesses has reached 141 billion 912 million yuan, an increase of 22.8% over the same period last year.

The Wenzhou private lending market report issued by the same body in July claimed that Wenzhou still has 110 billion yuan of private lending.

However, the feelings of the SME owners are quite different from that.

Chen Songren, a small owner of the mold industry, said: "none of the people I know has got a loan from the bank."

Part

So where did the money go?

According to the reporter's investigation, some bank loans went directly to the private lending market.

A number of Wenzhou lenders revealed to reporters that they had made loans from the banks through mortgages and other forms of loans to earn profits. "This is the open secret of Wenzhou's financial markets."

Some of the lenders even took the form of fund-raising, persuading their friends and relatives to mortgage their property again and then lend money jointly.

According to the monitoring data of the Wenzhou central sub branch of the people's Bank of China, in Wenzhou's financing intermediaries lending market, the ratio of loan funds used for business operations dropped from 30% at the end of last year to 20%.

Credit funds flow to the non real economy.

And the real capital flowing to enterprises also shows "Matthew effect".

Enterprises with large scale, good qualifications, independent property and past record are easy to be favored by banks. However, small and micro enterprises which are badly in need of financial support are hard to enter the bank.

As a matter of fact, most of the entrepreneurs who have a certain scale are also creditors of the private capital market, and the loan objects are micro and small businesses. Many of them also derive profits from bank loans.

This is not only the business owner but also the role of creditors and debtors. The root cause of the entanglement between Wenzhou's industrial economy and financial market is mostly here, which is the crux of Wenzhou's private financial worries.

Business owner

Even if the loan is paid, it does not mean that you can rest easy.

"The actual monthly interest rate of bank loans this year is between one point and five cents.

Even if the company successfully loans, the annual net profit rate must be 15% to 20%, so that interest can be guaranteed, but in fact, for these traditional manufacturing enterprises, the net profit margin of 15% to 20% is hard to imagine.

If you knew this, you should turn off the factory and draw money to invest.

Those who left early are now coming out. "

Lin Feng, who works in electrical appliance business in Yueqing, Wenzhou, regrets.

A few years ago, when the appliance market was booming, the large local enterprises in Wenzhou, such as CHINT and Delisi, had made large acquisitions of small factories. Many of Lin Feng's acquaintances took cash to invest in real estate, futures and other markets.

Lin Feng reluctantly said: "to do it, it can only be done for large enterprises, profits are getting thinner and thinner; or else, the investment and effort of the past is sure not to return."

The risk of pformation is also a deterrent to many Wenzhou bosses.

According to sources, the fall of Xintai is not related to the investment blunders in the photovoltaic industry.

This person said that investing in an industry which is not familiar to itself can be regarded as gambling in a way.

By contrast, it is much easier for business owners who have money to choose to lend money and make money.