Small And Medium-Sized Private Enterprises Survive &Nbsp, &Nbsp In Distress And Less Orders Outside.

In order to

"The boss has run away."

10 at the end of the month,

Almost the same scene is also staged in a steel business in Shunde.

According to the information obtained by our reporter, at the end of last month, there were bank loans and loans.

Usury is still spreading in large areas, just like the general manager of Guarantee corporation mentioned above: "almost all Guarantee corporation are doing it."

Industrial capital turn

After a few years ago the baptism of the financial crisis, the bad times of SMEs seem to be coming again.

Guangdong, which accounts for 1/4 of the total foreign trade volume, has gathered the largest number of SMEs in the country relying on foreign trade.

However, the current foreign trade situation has made many enterprises "chill".

This reporter interviewed at the upcoming Canton Fair, mechanical and electrical, building materials, electronics, textiles, clothing, many people in the industry, the industry is no doubt the pessimistic expectations of orders.

According to convention, the Autumn Fair will be much better than the spring fair.

But Zhu Lingwen, chairman of the board of supervisors of Textile JOINT-STOCK Company, told reporters: "orders were better last year than this year. The first half of this year is better than the second half, and the remaining two months will be even worse."

Under the grim situation, some bosses who have been manufacturing for many years have been "two minds".

Liu Minghao, a clothing business owner in Dalang town of Dongguan, admitted: "as long as I have money to make, real estate and stock market, including short-term lending, I will do it.

It's much easier than doing business. "

According to him, tens of millions of funds have entered the short-term lending field through various means.

Zhongshan University professor Jiang Lin recently conducted a survey of private lending in Panyu, Guangzhou. The result shows that this kind of business owners are very common in the lack of motivation for doing business. As long as there is capital, they will invest in a huge demand for usury. While another part of the weaker enterprises is in a situation where profits are constantly diluted, almost unprofitable, and is suffering from tight money and peripheral economic downturn, liquidity shortage is more common, and the demand for usury is booming.

Lu Lei, director of the center for financial pformation and development of Guangdong University of Finance, also said that usury is actually speculation, reflecting the fact that the real economy is very weak and that funds are looking for speculation.

{page_break}

Crazy money business

The prevalence of usury is a terrible signal for the upgrading and pformation of the manufacturing industry in the Pearl River Delta.

The general manager of a Guarantee Corporation in Guangzhou said that Guangdong has implemented the rectification of Guarantee Corporation this year. Only more than 300 of the original 1200 Guarantee Corporation have obtained the license of financing guarantee. At that time, some people feared that the remaining 900 would turn into underground banks.

Now it seems that this is becoming a reality.

And for the usury, the relevant departments do not have effective measures to supervise.

The interest rate of loan agreement signed by usury is below four times of the benchmark lending rate stipulated by the state, and in fact, the real interest rate of usury is as high as 4%-12% of monthly interest (depending on the condition of the mortgage).

The way to avoid it is that the interest rate is directly charged to the original amount of the loan.

In this way, in recent cases of usury disputes in Foshan, the court's final judgment is beneficial to the lender.

And at the source, such two private negotiations can not be banned.

It is worth noting that, according to our reporter's investigation, a lot of usury loans actually come from banks.

Financing Guarantee corporation often obtains bank funds through the way of "cash flow".

The so-called "cash flow" means that a company with poor quality is willing to guarantee bank loans through Guarantee Corporation. Guarantee Corporation will discuss with it. After deducting the loan from the bank, a portion of the funds will be left to Guarantee Corporation.

Some enterprises also take part in it, mortgage loans from their assets, and borrow money from banks, but the actual use of money is invested in usury.

It is difficult for small companies to borrow money directly from banks, but the temptation to lend usury drives them to make every effort to raise money.

The owner of a car sales company in Tianhe District, Guangzhou, has not enough collateral to borrow money from the bank, but still borrows money from the financing Guarantee Corporation.

"Even through Guarantee Corporation lending, the cost of financing is as high as 15% to 20%, but there are still high returns."

He said.

Pyramid on the sand

Worries about the spread of usury are growing.

Guo Ming failed to sleep for a week after the "evaporation" of his boss.

The original collateral is not a sufficient loan. Once the boss runs away, the Guarantee Corporation will repay it, even if the collateral is sold, it will lose more than half.

"There is not much problem with the guarantee business itself, but he conceals the usury.

Half a month, we still can not find him, only to report to the Public Security Bureau.

According to Guo Ming, the Guarantee Corporation has three similar incidents in recent years.

There is no doubt that there are many links in the chain of usury funds, and problems in one link will directly lead to the crisis of the whole chain.

According to the data of the people's Court of Nanhai District in Foshan, 760 private lending disputes were handled in the first 9 months of this year, up 36.9% over the same period last year, and the amount involved was 86.2% higher than that of the same period last year.

"Most private borrowings choose acquaintances who know the root of the matter, and the risks are relatively controllable."

In Jiang Lin's view, disputes within the capital chain may not be widespread, but what worries most is the deterioration of the external economic environment. Once the overall economic downturn has occurred, the first collapse is the related chain of usury.

"From the present situation, the European debt crisis is getting worse and worse, and the downturn in demand has become a reality.

There are many foreign trade enterprises in the Pearl River Delta, and these enterprises are also borrowing usury. If the external situation is deteriorated in depth, the consequences will be very terrible.

The difficulty of foreign trade enterprises is equal to the financial crisis of 2008.

"The weak usury Pyramid only maintains on the first card of Domino, the consequence is not only the credit system, but also the damage to the real economy."

Jiang Lin said.