Shaoxing Textile Industry Is Facing The Bottleneck Of Capital Chain.

At present, the textile enterprises in Shaoxing are different from each other. Generally speaking, a bottleneck that is commonly faced is the tight capital chain.

"The textile industry is a sunset industry. It was once noisy, but in my view," there is no sunset industry, only sunset enterprises, because for many years, the textile industry in Shaoxing has been living and developing well.

On December 15th, Jiang Wei, President of ICBC Shaoxing branch, told reporters.

"This year, the textile industry in Shaoxing has suffered almost shock funding shortage this year. The most direct reason is the huge temptation of high yield in the stock market and the property market in the past two years, making some local textile enterprises use huge financial leverage and raise a large amount of funds to invest in these areas."

One local bank in Shaoxing said frankly, "according to my understanding, the average profit rate of the textile industry is only 2% to 4%. That is to say, according to the high profit rate of the real estate industry at that time, only a few people in a Real Estate Company have a small property."

This is not a false statement.

The most typical example is the Zhejiang crossbar group, which is now in a dangerous situation and reorganized a fog.

Yuan Bairen, chairman of the vertical and horizontal group, started from chemical fiber, but according to industry sources, yuan has been shrinking its old line in the past few years because of the dismal operation of chemical fiber textile. For example, the total number of looms of the original cross section group was more than 900 at a time, but there were only 230 units before it. At the same time, the textile workshop opposite the office building of the crossbar group had been vacant for more than 1 years.

Accordingly, due to the great temptation of the high property market and stock market in the previous two years, the Shaoxing group has invested in 5 real estate businesses including the Commercial Bank of Wuhan, the Commercial Bank of Wuhan and the Commercial Bank of China in the end of 2003, plus Hubei hydropower projects.

"Investment obviously surpassed Yuan Bairen's ability to control, and finally fell under the impact of the financial crisis."

In this regard, Shaoxing banking industry is very sorry.

According to this person's analysis, in fact, a very big difference between Shaoxing chemical fiber industry and other industries is that capital intensive industries are very characteristic.

"The concrete performance is that the machines are imported from Korea and Japan at a high price. The chemical fiber industry must be operated for 24 hours, otherwise the machine will be scrapped, so this determines that a certain amount of raw materials must be stored. This is the requirement that many raw materials of chemical fiber enterprises are imported at the time when the crude oil price is at a high level."

Shaoxing economic and Trade Commission responsible person analysis said, "now, crude oil prices have dropped from about more than 140 U.S. dollars by more than 70%, so we can see the operation characteristics of the industry, to Shaoxing textile and chemical fiber enterprise brings the negative impact of the big."

But because of the past few years, commercial banks are very optimistic about the cluster effect of Shaoxing's textile industry, so they never hesitate to lend money to textile enterprises.

Foreign banks are also rushing to make loans for Shaoxing textile enterprises to win the battle.

"Shaoxing is located in Hangzhou on the north and Ningbo in the south. Its geographical location can be relocated and refunded. Foreign banks are invited to enter the credit market of Shaoxing textile enterprises."

A state-owned commercial bank Shaoxing branch responsible person told reporters.

"The practice of these foreign banks is to add more credit to hundreds of millions of textile companies that have already lent hundreds of millions of loans by local banks, less than tens of millions or billions of dollars."

The person in charge revealed.

So far, these foreign banks have reached as much as 1/3 of the total share of the city's credit.

For example, about about 300000000000 of the total credit balance should be about 100 billion of foreign banks lending.

Therefore, for local banks, the biggest pain and the greatest risk is also the biggest failure. It can be used to analyze the causes of some problem enterprises and implement the credit restriction measures in time to limit their blind expansion. Now, because of the deep touch of foreign banks, the effect of some measures is virtually weakened.

The person in charge said with regret, "as long as an enterprise has 300 million loans, there must be at least seven or eight of its lending banks. If there are 1 billion loans, it can be presumed that there should be no less than 20 banks, such as the more than 20 loan banks of the Dragon group.

The same enterprise, even the same but different joint stock banks, will lend it to Ningbo branch, lend it to Xiaoshan, and lend it to it, and Hangzhou will not lag behind naturally.

Besides, unlike other cities and counties under the jurisdiction of Shaoxing, such as Shangyu and Zhuji, the textile enterprises in Shaoxing county mainly get the bank loans, and there is a very unique and popular approach: relying on mutual guarantees and mutual guarantees to lend money - this is almost like the adult circumcision of an enterprise.

As long as a company develops to a certain scale, it is logical to join the guarantee circle.

The head of the Shaoxing branch of the local state-owned bank even compares the Shaoxing textile industry to a building, and the textile enterprises are all rooms, because they are separated from each other by mutual guarantee, because they are so close because of security.

In the opinion of this person, there are good and bad points in the guarantee. "The guarantee for the main business and the financial scope of the enterprise is undoubtedly conducive to the healthy development of the enterprise. However, the prevailing guarantee in Shaoxing is a vicious insurance to satisfy the crazy expansion of the enterprise.

This guarantee is beyond the scope of the business.

According to the briefing, similar enterprises such as Hualian three Xin and vertical and horizontal groups have seriously exceeded their net assets. "When a company has a total of only 50 million assets, it guarantees 100 million by guarantee, which is not excessive guarantee. What is it?"

But there is plenty of liquidity to be maintained and promoted by banks. Obviously, it is impossible to become a normal state. The problem of being concealed without funds is finally exposed under the impact of the financial crisis.

According to the reporter's understanding from relevant departments, the management has formulated relevant measures to help local textile enterprises ease the tension of the capital chain in the coming period.

In order to reduce the burden of enterprises, under the promotion of the Shaoxing banking regulatory bureau and the local banking association, the banking industry in Shaoxing has signed the "special Convention" and promised to "not arbitrarily reduce all kinds of financing, do not arbitrarily raise the conditions of guarantee, and increase the burden of enterprises arbitrarily".

Moreover, commercial banks are trying to reduce the cost of capital and actively improve the relationship between banks and enterprises.

For example, in November 27th, after the interest rate of the central bank was lowered, a bank in Zhuji helped the Zhejiang socks industry to turn over undue loans ahead of schedule, so that it could reduce interest expenses by 170 thousand yuan.

Shaoxing textile industry is a livelihood industry and a pillar industry of the local economy.

The banking sector should strengthen the sense of co operation with the enterprises and actively assume social responsibility, rather than avoid the temporary difficulties of the textile industry.

Now that the commercial banks in different places are optimistic about the prospects of the textile industry for a few years, entering the financing field of Shaoxing, in the very current period of textile industry, it is also hoped that the commercial banks in different places should not simply lend money, instead, they should give enterprises some support so that the textile industry can have room for adjustment and upgrading.

Jiang Wei said.

According to Jiang, the Shaoxing branch of ICBC, on the basis of credit growth in November, will continue to add about 7 hundred million in December. "Moreover, in order to lighten the burden on enterprises, ICBC Shaoxing branch takes the initiative to optimize its asset liability varieties and maturity matching structure, and self digests part of the business, so as to control the loan interest rate up to 10%."

According to the relevant persons of Shaoxing banking regulatory bureau, banks are paying close attention to the impact of macroeconomic situation at home and abroad on Shaoxing's real economy, so as to take preventive measures in time.

Under the guidance of Shaoxing Banking Supervision Bureau, the Shaoxing banking association is studying and revising the "Shaoxing banking key customers risk monitoring and management measures" (hereinafter referred to as the "measures"), deepening the group customer risk monitoring work, and focusing on strengthening the risk prevention of large enterprises.

The main content of the method is to implement the general credit system and implement the host bank system. The organizer is responsible for sorting out the assets of the company and giving the total credit line. Secondly, it strengthens the supervision of the accounting firms and other intermediaries, and improves the quality of the audit reports. In addition, it also advocates mutual insurance, rather than the more risky and difficult to control serial guarantees.

"The revised" measures "should be announced in the near future.

People familiar with the matter said.

Yang Jing: editor in charge