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Government Catalyzes Private Capital Of Shoe Industry Or Will Leap Over Trillion Threshold

2011/10/11 11:00:00 27

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Before 2008, the profits of enterprises were relatively large, and private lending business was still common.

But after 2008, things changed.

Corporate profits began to go down sharply, after an annual profit of around 10%.

After 2008, profits may be between 2% and 3%.

At that time, the country's loose stimulus policy made speculation in property, stock and equity investments high.

A veteran of a multinational company may earn less than 5 million yuan a year, while his neighbour can make 5 million yuan in one year and turn it into 50 million yuan by quick money.

The funds began to go astray.

A large amount of capital is driven by interests into the chain of usury.

First of all, officials.

The local government officials can guarantee and mortgage in the bank.

loan

At least 300 thousand yuan, and the higher the level of officials, the higher the amount of loans available.

The money was then pferred to the lender at around 2 cents a month.

In the case of loan shark Wang Xiaodong who first broke out in Wenzhou usury, a large number of creditors were civil servants.

The second is some.

enterprise

The capital of the people and the people of Wenzhou.

Some owners, enterprises

profit

If it's not easy to make money, it will sell the factory and switch to this business.

Some people in Wenzhou will put their savings into this business.

Indirect sources of funds are much more. Since 2009, large state-owned enterprises are easy to obtain loans from banks, but they do not need to invest. Some large state-owned enterprises in the mainland have invested money in Wenzhou by two cents a month.

All the money will be concentrated on some intermediaries, including some Guarantee corporation with financial licences.

Or some business owners will expand their business scale.

But the profit margin of capital broker business will be higher than that of industry.

Therefore, these entrepreneurs have begun to absorb funds and turn to "Lao Gao".

Industry has become a sideline.

All funds will have some exports, such as real estate, stock and so on.

But the cost of capital is very high.

This chain is similar to the structure of a Pyramid, the cost of capital, the initial monthly interest rate may be around 1.5 points, the second level of funds released to the monthly interest rate may be about 3 points.

With the extension of the chain, the cost is higher and higher.

Finally, the annual interest rate of his use of funds may be 100%.

This kind of Pang's financing without clear cash flow and waiting for asset appreciation can survive only in the bull market, and will inevitably collapse in the bear market.

Previously, such a high interest cost can be relied on real estate investment and other high return industries to digest.

But since 2011, the credit crunch, as well as macroeconomic regulation and control, have not been able to get such a high return by speculation and speculation.

The final outcome can only be a crash.

The chain will be buckled one by one and the other will collapse.

A big boss on the run will follow a group of people behind him.

Even banks can't be alone.

But in fact, usury is not a fatal blow to Wenzhou's economy.

Wenzhou's private capital should be estimated to be between 8000 and 10000 billion yuan.

By the end of 8, the deposits of banks in Wenzhou amounted to 720 billion yuan.

The funds involved in private lending will be around 120 billion yuan. Based on the scale of 10000 yuan of private capital in Wenzhou, if the usurious loan generates 60 billion yuan of bad debts, it can be tolerable for the whole Wenzhou private capital.

But the bigger question is, where can Wenzhou's money go?

The era of sweatshops for shoes has passed. Under the pressure of high costs, the profit margins of enterprises are very poor.

Real estate, fried coal and even the recent "stir up money", these kinds of hype, Wenzhou people successively defeated, what can Wenzhou people throw? And a group of people are still looking for mineral resources all over the world, this is their chance.

And more small business owners are hoping that the technology community can give them a way out.

A Wenzhou man, who did business in Hunan, borrowed half of the money to build a ship.

In the high-speed rail construction, money also went in.

He told reporters that several of their partners found a professor of the Chinese Academy of Sciences, took a ground heat pump project, relying on government subsidies, ready to be listed in 3 and 4.

This is their hope.

The same group of Wenzhou entrepreneurs who are on the same plane with reporters in Beijing are ready to cooperate with Harbin Institute of technology, and are delighted to see the headmaster of Harbin Institute of technology.

The combination of capital and technology, the government in the back of the catalyst, this is the new dream of the people of Wenzhou, but also a high threshold.

Can 10000 billion yuan of Wenzhou private capital go through this threshold?