Usury Should Be "Blocked" And "Sparse".

High interest loans - capital chain broken - run, which has become a crazed part of recent private lending.

Economist Mao Yushi has his own opinion about usury. He thinks that high interest rate means that supply exceeds demand, and should encourage all people to release.

The usurious loan corresponds to two problems. One is the lack of money by the small and medium-sized enterprises which are mainly run by the private sector. The macro environment of tight money makes state-owned big commercial banks prefer big enterprises and big customers.

The relevant regulatory departments' repeated orders will not receive much effect. Two, the trend of financial nationals in the national economy is more serious. Both enterprises and individuals are willing to lend money and get high returns in a short time.

Not long ago, the performance of listed companies was more "eye catching", but a specific analysis, many companies are not good at the main business, making money is by usury, rather than the use of funds for industrial operations.

That is to say, some companies that can easily and cheaply borrow money from banks have switched to "two landlords", making use of regulatory loopholes to lend money to higher and medium interest businesses that need more money but are less likely to lend money.

Some media provide a set of data. The gross profit of small and medium-sized enterprises engaged in manufacturing in Wenzhou is generally 3%-5%, while the annual interest rate of private lending can reach 60%.

Private lending is becoming more and more intense, and the risk of the system has been continuously pushed up. The government can not sit idly by.

The Wenzhou municipal government has already made a statement that it wants to crack down on illegal activities such as violence and debt collection. It also says that enterprises with temporary liquidity difficulties can not simply stop lending or lend money to help SMEs overcome the difficulties.

However, the longer term is how to meet the financing needs of SMEs.

This demand is rigid, and regular banking channels can not borrow money, so they can only resort to informal financing channels, such as usury and underground banks.

The case of Zhejiang female millionaire Wu Ying's illegal fund-raising has attracted much attention. She has illegally taken deposits and violated the law. But for the long-standing Wu Ying phenomenon, we can not say that we are merely grasping such a person. Instead, we should reflect on the system and make innovations. Can we provide such a system arrangement, and how to legally absorb deposits for individuals and many small and medium-sized financial institutions?

Private lending, which is very easy to turn into usury, can not be done by plugging.

The interest rate is not marketization, which can not reflect the supply and demand of capital in the market.

If any price is overregulated and distorted, there will be two situations, one is rent seeking, the other is black market, and interest rate will not be an exception.

In the financial market, it is impossible for the big banks to win the world and thrive. The identity of the big banks naturally makes them think more about how to serve big enterprises.

Small and medium-sized enterprises