Wenzhou Reveals Private Lending Investment And Financing Roadmap &Nbsp; More Than 70% Of Enterprises Are Tight Financially.

The existence of dual interest rate system and the lack of supervision of commercial banks on part of the flow of credit funds make some credit funds not directly enter the economic entities, but also flow into the private lending market through intermediaries.

On the 29 day, the Wenzhou Municipal Finance Office's statement at a local news conference confirmed the rumors of the outside world.

It is reported that as of September 27th, Wenzhou has 26 enterprises since April.

On September 25th, Chen Derong, vice governor of Zhejiang province and Secretary of the Wenzhou municipal Party committee, chaired the Forum on current economic and financial situation and the risk of private lending. On the 26 day, the Wenzhou municipal government put forward specific measures to implement the spirit of the municipal Party committee meeting. On the 27 day, the Wenzhou municipal government website issued the Circular of the Municipal Public Security Bureau, the municipal procuratorate and the Municipal Intermediate People's Court on cracking down on crimes such as violence and debt collection, maintaining the normal production and financial order stability according to law. On the 28 day, as a systematic response plan, the Wenzhou municipal Party committee and the municipal government issued the "opinions on stabilizing and standardizing financial order and promoting economic pformation and development".

On the 29 day, Wenzhou held a press conference on "stabilizing and standardizing financial order and promoting economic pformation and development". Wenzhou's Municipal Finance Commission, Wenzhou municipal sub branch of the people's Bank of China and Wenzhou municipal Banking Supervision Bureau disclosed in detail the "investment and financing roadmap" of private lending.

20% folk

According to statistics, Wenzhou's private capital exceeds 600 billion yuan, and grows at a rate of 14% per year, of which about 110 billion yuan is involved in private lending.

This year, the comprehensive interest rate of Wenzhou's private lending continued to rise, breaking 25% for the first time in August, 2.08 percentage points higher than the beginning of the year, and 25.44% in September.

Statistics show that in July, the lending rate of financing intermediaries reached 39%, 1.67 percentage points higher than the beginning of the year, the average lending rate of common social subjects was 20.24%, an increase of 3.2 percentage points, and the lending rate of small loan companies increased by 20.21% percentage points, 2.02 percentage points.

From the point of view of the use of private lending funds, the scale of private lending for general production and operation is about 38000000000 yuan, accounting for 35%; for real estate investment, 22 billion yuan, accounting for 20%; the amount of loans to private intermediaries is 22 billion yuan, accounting for 20%; the private intermediary lending, the borrowers used for repayment of loans, margin deposits, capital verification advances and other short-term turnover of 22 billion yuan, accounting for 20%; the remaining 5%, 6 billion yuan for other investments, speculation and unknown purposes.

It is worth mentioning that private lending

Widening of payment arrears

Wenzhou City Commission of letters yesterday also revealed the monitoring results of 855 key enterprises.

In the monitored enterprises, the current capital side was considered to be "tight" and "tight", accounting for 76.7%, which was 28 percentage points higher than that in the first half of the year, and the average gap of the monitored enterprises was 16%.

From the perspective of enterprise's capital demand, the demand for floating capital accounts for 81.5% and the capital market investment accounts for 12.5%.

With the aggravation of capital shortage, the operational risk of funds has also increased significantly, and the arrears of loans have increased significantly.

The average age of accounts receivable in 855 enterprises is about 6 months, 1.3 months more than in previous years, and 11.7% of accounts receivable account for over 1 years.

According to the questionnaire survey, only 28.2% of the enterprises with increased accounts receivable (including multiple elections) are the normal reasons for the expansion of production and operation scale. 46.1% of them are increased competition pressure and no credit sales; 58.6%, difficulties in customer capital turnover and default in payment.

A sample survey of 350 enterprises showed that the proportion of self financing, bank loans and private lending was 56:28:16 at the end of the first quarter of this year. The bank loans decreased by 2 percentage points over the same period last year, 4 percentage points lower than the beginning of the year, while the proportion of private lending increased by 6 percentage points and 4 percentage points in the same period.

According to a sample survey of 105 small and medium-sized enterprises in Ouhai District, 15 enterprises in their initial capital sources are totally dependent on their own funds, accounting for 14.3%. 90 enterprises raise capital through private lending, of which 32 of the initial venture capital is wholly obtained through private lending, accounting for 30.5%.