The Peak Of Loan Repayment Is Approaching &Nbsp; Wenzhou Enterprises' Capital Chain Is Broken Or Reproduced.

Some enterprises in Wenzhou

Close to the year, private lending will be carried out according to the usual year-end settlement, and the peak period of repayment will come.

The relevant reports of the Wenzhou municipal government believe that the collapse of business capital chain rupture and the departure of business owners may also occur in some areas.

The dilemma will last until the first quarter of next year.

But a local official in Wenzhou believes that it is still undercurrent.

Although Wenzhou has introduced a number of rescue measures to provide financial and tax support to small and micro enterprises, the difficulties of enterprises may last until the first quarter of next year.

A Wenzhou government report received by reporters said that with the coming of the peak period of repayment of loans and the year-end liquidation of private lending according to convention, the phenomenon of bankruptcy or Exodus may occur in some areas.

The reporter understands that the relevant departments in Wenzhou will conduct a thorough investigation of the representatives of the 17 industries, including industrial upgrading, main business and source of funds.

"Tug of arms" mode is difficult to continue

One of the main reasons for the bad year is that Wenzhou's "tug of war" mode is difficult to sustain.

A building decoration enterprise manager in Wenzhou said that 1 other years ago, another 4 companies had obtained bank loans. However, one of the cooperative enterprises later had problems, which led to the bank's refusal to renew loans after the recent repayment of the loan.

"In the past, Wenzhou enterprises adopted" Baotuan heating "and mutual guarantee, which gradually appeared problems.

A researcher who has long been concerned about Wenzhou's economy said that Wenzhou's private lending crisis has destroyed Wenzhou's folk trust system to a certain extent, which will raise the financing cost of enterprises.

According to the relevant reports of the Wenzhou municipal government, as of the end of October, 87 enterprises involved 1 billion 586 million yuan in bank loans and 906 million yuan in bills. The number of enterprises in the first class guarantee chain reached 153, involving 5 billion 75 million yuan in bank loans, and 353 in the two guarantee chain enterprises.

At present, directly affected by the 87 problem enterprises, the first level guarantee chain enterprises generally feel the funds are tight.

According to the people in Wenzhou, the enterprises in the guarantee chain have no problems in their main businesses, but they have to bear the joint and several liabilities of shutting down and closing down, and the owners' escaping enterprises. And because of the loss of mutual support, it is difficult to obtain new loans from the banks.

Under the double pressure, these enterprises still have potential risks of capital chain breaking.

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Industrial pformation is the fundamental way out

"The market is shrinking and inside and outside is in distress."

Huang Fajing, chairman of Wenzhou Sun Fung lighter Co., Ltd., and President of Wenzhou cigarette smoking Industry Association, told reporters: "now that Wenzhou makes lighter, a better one can keep capital, and more is doing it at a loss."

With the rising cost of labor and raw materials, Wenzhou lighters have ceased production and closed down.

During the heyday, more than 3000 enterprises were engaged in lighter industry in Wenzhou.

Nowadays, Wenzhou lighter association has only 100 registered members, among which more than half of the enterprises are in stoppage and semi shutdown.

Some entrepreneurs in Wenzhou believe that although the storm triggered by the private lending crisis has passed, the hidden danger has not been eradicated.

This is because Wenzhou's industry is generally losing money and its industrial upgrading has not been completed. Most of the current industries are sunset industries which banks and state policies are not optimistic about. The temporary assistance of the government is not a long-term strategy.

Companies such as sun Feng, which stick to the lighters industry, have a profit margin of only 2% to 5%.

Most lighters enterprises get out of the industry, and almost collectively choose to invest in real estate, private lending, etc.

Reporter 5, from the relevant departments of Wenzhou, "the first three quarters of 2011, Wenzhou's economic situation analysis" report shows that in the 1-8 months of this year, the number of industrial losses above designated size increased by 35.1%, an increase of 15.7 percentage points compared with the first half of the year, and the increase in losses was 53.9% over the same period last year.

In 1-8 months, the profit margins of industrial enterprises were further compressed, and the total profit increased by only 7.8% over the same period last year, an increase of 7.8 percentage points lower than that in the first half.

In 1-9 months, the producer price and purchase price of industrial producers in Wenzhou increased by 3.3% and 8.3% respectively, and the "scissors difference" of "high and low output" was as high as 5 percentage points.

The Wenzhou municipal government has realized that the most fundamental way to help enterprises out of difficulties is the pformation and upgrading of industrial economy.

In the 10 Super 1 billion yuan major industrial projects that Wenzhou municipal government plans to invest in this year, 5 projects such as CHINT solar have started construction, 4 projects such as power forklifts have landed, and a large number of other projects are being butted.