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Chen Youxi: Macroeconomic Regulation And Control Lead To A Burst Of Private Financial Risks

2012/4/8 20:33:00 16

Macroeconomic Regulation And Control Financial Crisis Private Enterprises

In the second half of 2011, the business capital chain of coastal areas broke down, and entrepreneurs fled, committed suicide and kidnapped. Enterprises continued to go bankrupt and collapse. The reason is different from the impact of the international financial crisis in 2008 on China.

It involves mainly private small and medium-sized enterprises rather than large state-owned enterprises. The main causes are domestic factors rather than international financial market factors. The basic feature of their performance is that private usury has entered the stage of collapse in the later stage, and judicial power has intervened to deal with a number of death penalty judgments, rather than the national financial rescue market.

Therefore, we use "

Private financial crisis

There is a certain basis for locating this wave of financial turmoil.

Nongovernmental financial risks actually exist all the time, but only last year, with the macroeconomic regulation and control, the economic downturn concentrated.

In recent years, there have been some major cases showing basic pulse drops.

In 2009, Zhejiang Lishui "little girl" Du Yimin fund-raising fraud case, a culture of rural women, pure private usury financing 709 million, resulting in serious losses and social consequences, the court sentenced her death penalty has been implemented.

In 2010, I have pleaded guilty to the five cases of the 3 billion 800 million executives of Ningbo Tianyi securities company who were accused of not taking public deposits. The public, the prosecution and the law will have the lawful entrusted financial activities approved by the Securities Regulatory Commission and the CBRC, and they will be mistaken for criminal offences as a result of the violation of the administrative law of "keeping the bottom money".

The court finally adopted our lawyer's innocence defense opinion, and considered that the public security and procuratorial authorities had investigated the prestige for two years and made a conviction for exemption from criminal punishment.

In 2010, Wu Ying was arrested by the Supreme Court in 2012 when the outbreak was arrested, and the Zhejiang case, which was examined by the Supreme Court, was 770 million. Assets were disposed of illegally during the investigation. The nature of the case was handled according to criminal law. The court of first instance and second instance were sentenced to death by Wu.

The civil financial crisis in the second half of 2011 will focus on the outbreak, or two or three years ago, the case has been arrested. This time suddenly aroused nationwide attention.

Macro-control

The butterfly effect is focused on this time.

In the 2008 global financial crisis, the economy of our foreign oriented enterprises and coastal provinces was seriously impacted. The GDP of Zhejiang from more than 10 to two years in succession has been below 6%.

The State Council decided to stimulate the economy and launched 4 trillion in 2009. Real estate has also introduced a series of invigorating measures, including lending and exemption from second-hand forgotten paction tax.

These inputs are mainly used in key projects such as high speed rail and backbone enterprises of large state-owned enterprises, and have fallen to private SMEs and private enterprises.

As a result, this kind of rapid expansion has stimulated the rising of basic raw materials, further stimulated the real estate bubble, and led to the rise of consumer prices and the pressure of real estate consumption.

Thus forming the political pressure of social stability.

Therefore, the state began to macro regulation and control, continuously raising the bank reserve, the bank's withdrawal of deposits, and the right to combine death with real estate.

First, no loans, land mortgage loans to stop; the two is to use planned economic means to intervene in the market, not to sell second suite; three is to levy a real estate paction tax.

This combination right has made some small and medium-sized private enterprises face a desperate situation at once.

Originally used two hundred million of the cash flow to take the land, with 100 million of the land mortgage loan, it is entirely possible to build the building up, and the construction company to build a capital building, receive the sale of real estate, and basically be able to turn far away. Such a regulation and control, enterprises must raise two hundred million cash flow to complete the development of such a property.

Plus policy regulation of the stock market, safety regulation and environmental regulation of mining industry.

Private enterprise

The survival is more and more difficult.

When the government invested 4 trillion, private enterprises benefited little.

And when the macro contraction, they all fall on the heads of private enterprises, they bear the brunt.

Banks have tightened their money and forced their businesses to raise money for private usury.

State owned enterprises loan bad loans to banks. The way of digestion is that the government and banks pay for the bad debts, while the private enterprises are borrowing ways to borrow money from the public.

"Drowning at draining water, dried up when pumping," and private usury became the last straw to crush the camel of private enterprises.