Wenzhou's "Runway" Boss Will Return To &Nbsp; The Liabilities Will Exceed 2 Billion When Fleeing.

Wenzhou, which has been crowned with "barometer" of private capital, is experiencing a rare civil financial storm.

The departure of Hu Fulin, chairman of Xintai group in September 20th, seems to be a sign.

Hu ran away for second days, and 9 entrepreneurs in Wenzhou were "on the run".

Reporters learned that liabilities about 2000000000 Yuan "

In September 21st, some media exposed Hu Fulin, chairman of Xintai group, because of usury.

When the news came out, hundreds of people came to Xintai group to ask for repayment of debts. The bank also issued a notice to the mutual insurance enterprises and affiliated enterprises to recover the loan. Hu Fulin fled the debt for a while and triggered a series of crises.

Xintai group, founded in 1993, is one of the largest glasses producers in Wenzhou.

Its sales revenue for glasses business was 270 million yuan in 2010.

Hu Fulin inherited the family glasses business since his childhood. He is the earliest local eyeglasses businessman.

By the end of 2008, Hu Fulin began to enter the photovoltaic energy industry.

Qiu Shizhi, director of Zhejiang times business law firm, thinks that investment failure is an important reason for Wenzhou enterprises to break up the capital chain, including investment in real estate and solar energy.

After the failure of investment, banks are unwilling to lend to enterprises again, and enterprises can only turn to private usury.

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"Hu Fulin came back to deal with the matter of mergers and acquisitions."

According to sources close to the acquirer, there are about three or four Wenzhou's large eyeglasses enterprises willing to jointly acquire the Xintai group. Many issues have been settled, but no formal written agreement has yet been formed.

"They are all trade associations, and they do not want to see him like this."

The source said that the reason for Hu Fulin's departure was the bank's debt collection. Now the government is willing to come forward to coordinate banks not to borrow money, and to agree to repay loans in installments. Basically, the problem has been solved, so we are willing to buy Xintai.

"If it is not for government coordination, who can help him afford the bank?"

The news of Hu Fulin's running caused public concern about the capital chain of Wenzhou enterprises.

It is reported that the government of Wenzhou has taken a number of measures to solve the debt crisis of SMEs, including requiring banking institutions to withdraw funds and not to lend money.

A large number of bosses run Wenzhou to cope with many measures

Wenzhou municipal Party committee and municipal government actively take measures to cope with the serious problems such as the absconding of many business owners, the failure of enterprises, the arrears of wages of employees and the suicide of several bosses.

Since the beginning of this year, private lending in Wenzhou has been unprecedentedly active. In the first half of this year, the total amount of private lending was 48 billion 550 million yuan, and the interest rate of private lending rose to 3-5 points, or even 6 to 1 cents.

As a result, a lot of small and medium-sized enterprises have run away from their capital chains, such as a series of incidents such as their boss absconded, jumping to commit suicide, closing down their businesses and arrears of wages.

At present, at least more than 80 enterprises in the city run away and businesses fail.

26 of them occurred in September.

Since September 22nd, after 3 causes of debt crisis in Wenzhou, the boss was forced to go to a blind alley to commit suicide, resulting in 2 deaths and 1 injuries.

In September 28th, the Wenzhou municipal Party committee and municipal government issued the "opinions on stabilizing and standardizing financial order and promoting economic pformation and development", requiring all banking institutions to increase the protection of credit funds so as to ensure that the target of 100 billion yuan in new loans was achieved at the beginning of the year.

The "opinion" also requires banks to increase credit funds for small and medium enterprises to ensure that the growth rate of small business loans is higher than the average growth rate of loans.

For enterprises that are already in danger, they should also give financial support and support restructuring as far as possible.

Wenzhou's 23 different national banks and joint stock banks have made joint decisions to actively seek the credit scale and preferential policies of their superior banks and make good use of credit funds.

Formulate a "one enterprise and one strategy" measures to help.

The city's 48 financing guarantee institutions have made joint actions to resolutely resist all illegal activities.

Resolutely not engaging in illegal activities such as deposits, loans, entrusted loans, trustee investment and illegal fund-raising.