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Jiangsu'S Textile Industry Has Become A Disaster Area For Bad Loans

2013/8/5 20:41:00 69

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Jiangsu Textile Textile Industry Textile Printing And Dyeing Textile Enterprises

On the afternoon of July 25th P, it was supposed to be a high boss who opened business in the Oriental Silk Market in Wujiang District of Suzhou, but she drank tea in the small hall of Shengze town in South of Jiangsu town. "I haven't opened the door for more than a month." She admitted from Jiaxing, Zhejiang. Because of a target= "_blank" href= "http://www.91se91.com/" > cloth < /a > unmarketable and financing difficulties, the high boss who has been in business for five years has fallen into financial difficulties. For this reason, several other business owners have consulted countermeasures. 
During the conversation, she continued to call, either to urge the downstream manufacturers to give money, or to borrow money from other business owners. The voice was hoarse and exhausted because of prolonged loud talk. P 
 < < a target= "_blank" href= "http://www.91se91.com/ > > textile /a > industry has been very depressed for two years, it is very difficult to do." Shengze boss Xu boss, who has been doing textile business for more than ten years, is also at a loss. He disclosed that in July 13th, foreign textile traders were running away. 
 a vice governor of a rural commercial bank in South of Jiangsu told Caixin reporters that the non-performing loans in South of Jiangsu agricultural businesses mostly occurred in private enterprises: first, these enterprises were mostly traditional manufacturing industries such as textile, printing and dyeing, household products and so on, with less capital accumulation and weak anti risk ability. Two, these small and micro enterprises were more involved in private lending, and their leverage continued to enlarge, resulting in high credit risk of banks. 
The problem of high P bosses may not be the most difficult problem for Jiangsu's main banks. As the CBRC said, some areas and industries are exposing more and more concentrated in the eastern coastal areas. Most of the new non-performing loans are concentrated in steel trade, photovoltaic, shipbuilding and other industries. Most of the leading enterprises are just in Jiangsu. 
 a person close to the Jiangsu banking regulatory bureau pointed out that the exposure of the PV industry is also relatively adequate, but there is still a possibility of bottom shock. The bad assets of the shipbuilding industry are not fully exposed at present. "They used six words to describe: money is more, people are stupid and earn money. As long as we can get a shell company to wrap it up, the townsman is the person in the circle. A company that registers a 5 million yuan capital will spend only twenty thousand or thirty thousand yuan to make a mess of it, and then cheat and lend it to the real estate. " A large state-owned bank Wuxi branch described the chaos of steel trade credit. 
 the above banking personages also revealed that the causes of bad loans of different banks were different. For example, CCB was mainly controlled by Guarantee Corporation's wind control capability. 
 "the credit bubble of steel trade is blowing up to the point of collapse. Apart from the responsibility of the market and the owners themselves, banking financial institutions, especially some large banks, need to reflect deeply and bear in mind the lesson of blood. At the beginning of July, Dai Yuming, director of the Wuxi banking regulatory bureau of Jiangsu Province, published the investigation and Reflection on the collapse of the high yield bubble of Wuxi steel trade credit. The article pointed out that the city's steel trade credit disclosure is expected to lose about 50%, and will spend a lot of manpower, money and material resources on risk disposal. 
"P > 2012, under the leadership of the government, the non-performing loans on steel trade turned into an exhibition loan, so from March 2013 to June, the risk of steel trade was again exposed. Many bankers think the exposure is full, the risk has been bottomed out, but the specific bad data to see the operation of the various lines. A person from Jiangsu branch of Minsheng Bank revealed that sometimes it would lower the bad loans and even put the loans in another good company to repay the interest for the steel traders who could not afford the loan. 
 for the stripping and disposal of bad loans in steel trade, some banks have chosen to package and spanfer non-performing assets, such as selling the corresponding shares to the four largest Asset Management Co. 
 closer to the Jiangsu provincial banking regulatory bureau, "the potential of spanferring bad loans is also good. Asset Management Co is also very active, and there are institutions outside willing to accept it." 
 by the end of June this year, the country's first local AMC, namely Jiangsu Financial Asset Management Co., Ltd. is being established. It is sponsored by Wuxi state Alliance Development (Group) Co., Ltd., which is responsible for disposing the non-performing assets of financial institutions in Jiangsu area. "In Wuxi, natural selection is also related to steel trade." The banking industry analyzed. 
 Zhenjiang's banking sector is also restructuring the bad assets of the steel trade. Insiders pointed out that there are two ways to restructure assets. Because the port has a licence limit, if the steel trader has his own port, plus the land and houses in the steel market, the bank will not necessarily do the steel trade for the company that has the corresponding port, do the warehousing and logistics, and turn the creditor's rights of the steel trader into the latter. If there are no ports for steel traders, only factories and houses, local governments will turn industrial land into commercial land. After the development of real estate developers, the cost of land will be doubled to 35 times. 
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 industry disaster area 
 if we say that the bad loans of steel trade are due to excessive credit of banks, the bad loan growth of PV and shipbuilding industry is mainly due to overcapacity. A number of bankers and analysts pointed out that with the macroeconomic downturn and the cooling of the export economy, the risk of overcapacity in the industry will further increase. 
 Jiangsu, Wuxi, Changzhou, Xuzhou and other places concentrate a number of photovoltaic enterprises, and Nantong, Yangzhou, Taizhou and other places concentrate a number of shipbuilding enterprises, these enterprises are having a hard time. Among them, Wuxi Suntech and Rongsheng heavy industries, the two leading enterprises in the past, were bankrupt and reorganized in March of this year. The credit balance of the nine creditor banks amounted to 7 billion 100 million yuan, and the latter fell into the "pay for the door" of July this year. 
 July 5th, Rongsheng heavy industry announcements pointed out that the slump in shipbuilding industry brought pressure to the company's working capital in recent months and had to delay payment to suppliers and workers to tighten the cash outflow. The company said it is currently negotiating with banks to postpone existing credit arrangements, and the company is actively seeking financial assistance to the government and major shareholders, and has intensified consultations with clients to recover accounts receivable as soon as possible. 
People close to Jiangsu banking regulatory bureau (P) pointed out that after the bankruptcy of the bank, most of the bank's profit level is good, and the provision is adequate. Most of them use the after tax profits and provision for cancellation to make internal verification. He said that the Jiangsu banking regulatory bureau and the provincial government, provincial courts and other aspects of communication, the creation of cancellation conditions as the focus of this year's work. 
 "the bad loans of steel trade in Wuxi area are more serious than that in Shanghai." Many bankers acknowledge that the loan balance of Wuxi steel trade is about 20 billion yuan, while loan losses account for 60% to 70%. 
 July 31st, Shang Fulin, chairman of the China Banking Regulatory Commission, pointed out that in the first half of 2013, the national banking supervision conference and the economic and financial situation analysis conference pointed out that as at the end of 6, the balance of loan loss reserve for commercial banks was 1 trillion and 570 billion yuan, up 18.97% over the same period last year. 
 Zhou Xuedong, governor of the Nanjing branch of the people's Bank of China, said in the June 14th Jiangsu industrial enterprise financing negotiation activities: "from 1 to May this year, the total number of new non-performing loans in China accounted for about 40%, and the number of non-performing loans in parts of the country and some areas in Jiangsu increased. The new problems that appear this year are actually reflected in this year's books. 
 the CBRC document points out that the primary task is to raise the accuracy of the five level classification of loans and the authenticity of asset quality. The risk of concealment is more damaging to banks than the real exposure of bad loans. 
 Shang Fulin also pointed out at the foregoing meeting that the premise of strictly preventing credit risks is to truly reflect the quality of assets. 
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 pain of steel trade /p >
 since 2011, the credit risk of steel trade has not yet subsided. 
 July 30th, the China Association of banking industry released the annual report, pointing out that steel trade, photovoltaic and shipping industries in 2013 still promote the rebound of non-performing assets, which should be listed as the top priority of short-term risk management in commercial banks. 
Less than P, most of the steel traders in Fujian are Zhouning people, but their activities are mainly in the Yangtze River Delta region. Aforementioned bank analysts pointed out that as a result of the joint lending system, anyone who held the identity card of Zhouning County could get the bank's 10 million yuan credit, "3 million yuan to buy a house, 2 million yuan to buy a car, and the remaining 5 million yuan to fry steel and lend usury". From 2004 to 2005, the market was good, and then the steel did not make money any more. Banks tightened liquidity and exposed the risk. 
 the Wuxi branch of the Construction Bank pointed out that the shipbuilding industry and the photovoltaic industry must go to the head office for approval if they want loans. It is very difficult for large Shipping Co to borrow money from banks. Financing requires large financing intermediaries and trust intervention, or directly into the bond market, through issuing bonds to finance. 
 a large number of Jiangsu banking personages say that the credit of Bank of China Jiangsu branch in the photovoltaic industry and shipbuilding industry takes the lead. The Agricultural Bank also has many credit in shipbuilding industry. 
 at present, the Bank of China has reduced Wuxi's loan of about 2 billion 200 million yuan to non-performing loans in Suntech. Li Lihui, President of the Bank of China, has said that in 2013, it is urgent to pay attention to new overcapacity industries such as photovoltaic, shipbuilding, shipping and so on. We hope that relevant departments will enable enterprises in these areas to spanfer capacity through "going out", merger and reorganization, integration of production capacity, and eliminate some capacity, so as to avoid the occurrence of bad credit assets. 
 but the photovoltaic industry's "going global" strategy has been on the wall for many times. A small photovoltaic enterprise in Changshou City, which is mainly engaged in international business, has finally recovered 3 billion yuan by spanferring the photovoltaic power station in the US. Some of the funds are used to repay hundreds of millions of yuan loans to the Bank of China. Because of the support of domestic policies, the capital chain of PV enterprises in main domestic accessories business is relatively stable. 
 analysts pointed out that behind the excessive expansion of the industry is also related to the scale of competition in banks. The owner of the textile business owner in Shengze town also said, "before it was easy to lend, banks tightened their lending at the end of April this year." 
 Shang Fulin asked the bank to tilt the excess capacity in the aforementioned meeting. We should further improve the differential credit policy in accordance with the requirements of the "four batches" (i.e. digesting a batch, spanferring overseas to a batch, merging and reorganizing a batch and eliminating a batch), and putting the implementation into the annual assessment. 
 he also stressed the goal of setting up the prevention and control of non-performing loans reasonably, establishing and improving the responsibility system of risk prevention and control, and strictly preventing the sharp rebound of non-performing loans. 
 bankers say that in specific operations, some branches of higher branches have a bad rate requirement. The staff of the branch will use loans that are classified as subordinated, doubtful or even loss classes into categories of concern or even normal classes, such as maturity and renewal, so as to reduce the non-performing loan ratio and book risk, so that the classification of loans is difficult to fully reflect the real situation of non-performing assets. 
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 Shengze belongs to Wujiang District of Suzhou city. As the most important a href= "http://www.91se91.com" > textile > /a > producing area and distributing center, it is called "Silk City". Because of the adjustment of industrial structure and the high cost of financing, even the hot summer days, the whole town of Shengze has been caught in a cloud of financial difficulties. 
 north of Shengze Town, with the core of the Eastern Silk Market, more than 6000 small and medium-sized textile enterprises are gathered, and all the textile factories in southern town are filled with South Ring Road, South Second Ring Road and South Third Ring Road. "For the local people, they are on the run; for themselves, they are just going home." The vice president of a small rural credit company in South of Jiangsu pointed out that the textile industry is a way of life for Shengze locals to settle down. As long as they are not blindly expanding their scale businesses, business is normal. "But if textile enterprises are used as financing platforms, they are only financing through this shell. When the market is not good, the capital chain is very tight." 
 financing difficulty exposes credit risk. In addition to the textile business, the credit risk of small and micro enterprises in traditional manufacturing industries such as hardware enterprises and household goods factories is also rising. As the banking industry credit to small and micro enterprises mostly for the local rural commercial banks, such as regular agricultural firms 2012 annual report data show that the small and micro enterprises loans accounted for 77.5% of the total bank loans - and these agricultural firms invest in manufacturing loans accounted for about 50% of the total loans. Therefore, the rebound in bad assets of agricultural firms is closely related to the credit risk of these small and micro enterprises. 
By the end of 2012, the bad loan balance of Kunshan agricultural and commercial bank increased by 56.29% percentage points, the bad loan rate increased by 1.48 percentage points year-on-year, and the bad loan rate increased by 0.3 percentage points year-on-year in Jiangsu. The bad loan rate increased by 0.3 percentage points compared with the same period last year. The bad loan balance of Zhangjiagang agricultural commercial bank increased by 67% compared to the same period last year, the bad rate increased 0.31 percentage points compared with the same period last year; the non-performing loan balance of Wujiang agricultural and commercial bank increased by 159% compared with the same period last year; the non-performing loan ratio increased by 0.92 percentage points compared with that of the previous year; the non-performing loan balance of Jiangyin agricultural commercial bank increased by 177.2% compared to the same period last year, and the non-performing loan ratio increased by 0.72 percentage points compared with the same period last year. The bad loan rate increased by 1.48 percentage points in. 
 Jiangsu's private lending is active. According to the data released by the people's Bank of China in July 29th, Jiangsu has 529 small loan companies, ranking the first in the country. In addition, there are thousands of Guarantee Corporation. The general manager of a small loan company in Wujiang told Caixin reporter that most small loan companies would walk on the margins of usury, while most Guarantee Corporation were just shell companies that used to raise funds to banks. 
"P", which is close to the Jiangsu provincial banking regulatory bureau, told financial news reporters that the loan situation of some small and micro enterprises of the banks is not good, mainly because the banks are in asymmetric information with Guarantee Corporation and small businesses, and many guarantee information banks are hard to master. "Small businesses through Guarantee Corporation to bank loans may not be a good way". 
 in addition, the issuance of large credit cards by some joint stock banks has also led to an increase in non-performing loans. According to the head of the credit card center of a Suzhou branch of a joint stock bank, some small and micro enterprises lend money to banks or bank clerks to "pull the bill". Enterprises can find customer managers through intermediaries, and illegally conduct large credit card business. The amount is between 300 thousand yuan and 990 thousand yuan. Enterprises can directly use the overdraft amount as a loan, but can not afford to repay it. 
 Jin Lin, an Orient Securities banking analyst, points out that the bad rate of credit loans is rising from the earnings of listed companies. The balance of credit loans has also risen very rapidly. "It is money shortage, and it is willing to use 18% credit card interest rates". He pointed out that while the balance is rising, the bad rate is still rising, which indicates that the whole capital chain is under great pressure. 
 aiming at the credit risk of the above-mentioned small and medium-sized enterprises, some banks have issued corresponding management rules or early-warning and clean up plans. An internal article of a Jiangsu branch of a large state-owned commercial bank pointed out that for SMEs after the loan inspection work, should regularly collect corporate financial statements that reflect real financial information, pay special attention to cash flow analysis, and at the same time pay great attention to non-financial information and even changes in water, electricity and gas. 
 for small and medium enterprises that are still unable to repay loans after 30 days after the credit expires, or involve private high interest loans, or those who do not need to cooperate with the banks to speed up the credit recovery, the banks believe that the credit management should be strengthened while the hard recovery should be started simultaneously.