Hangzhou Mutual Insurance Textile Enterprises Sink Gold Chain "Life And Death Knot"

"P" not long ago, media reports said that many large enterprises in Zhejiang "mass death", similar to Xiaoshan District Textile private enterprise town became a "credit risk zone". Reporter survey found that some enterprises in Xiaoshan area financial difficulties and corporate mutual insurance related reasons. An insider analysis revealed that some textile companies involved in mutual insurance had problems, and the banks immediately received loans when they saw "bad signs", which accelerated their deaths. As a matter of fact, these spinning enterprises do not die for their own business, but the banks that have heard the wind have played a role in helping the whole world. < /p >
< p > > "Hangzhou a href=" http://www.91se91.com/news/index_c.asp "> Xiaoshan District < /a > the economic fundamentals of some spinning enterprises are good, but individual enterprises have problems and risks." Li Rujiang, director of the leading group office of preventing and resolving the enterprise's capital chain risk in Xiaoshan District of Hangzhou (hereinafter referred to as the "Xiaoshan District dissolving office"), said that through all the measures, the mutual insurance chain and capital chain of Xiaoshan private enterprises have been basically stable, but the risk still exists, which requires the joint efforts of the three parties of the government, banks and enterprises to resolve. < /p >
< p > < strong > related enterprises fall into mutual insurance dilemma < /strong > < /p >
< p > since 2012, there has been news of the closure of textile private enterprises in Xiaoshan District of Hangzhou. Under the mutual insurance infection and bank loans, some key private enterprises' capital chains are obviously tightened up, and are faced with a great test of life and death. < /p >
< p > < < a href= > http://www.91se91.com/news/index_c.asp > > risk enterprise < /a > mainly concentrated in two industries: textile chemical fiber and steel structure. Li Rujiang said that individual down enterprises also have risks, and other industries such as chemical industry are still relatively stable. < /p >
< p > as the main "back garden" of Hangzhou's manufacturing industry, Xiaoshan has formed six major industrial bases, including textile and chemical fiber, machinery and accessories, down garment, steel structure, fine chemical industry and high technology, including Zhejiang's heavyweight manufacturing enterprises such as Vientiane, Asia Pacific electric machinery and so on. < /p >
< p > textile and chemical fiber is the largest industry in Xiaoshan. Two years ago, a Xiaoshan chemical fiber enterprise closed down, affecting the mutual insurance company Jian Jie chemical fiber, and then involved 5 mutual insurance enterprises, the first lap of 6 mutual insurance enterprises involved about 3000000000 Yuan of bank loans. < /p >
After the bankruptcy and liquidation of "P" (Jian Jie chemical fiber), mutual insurance companies have to carry on their debts, or they can carry them back. There is no problem in survival at present, but a key premise is that banks should not accept loans from them. Li Rujiang said, "according to our analysis, there may be two enterprises at risk, and the 3 enterprises should be no problem." < /p >
< p > Li Rujiang said that in the first lap mutual insurance business in Xiaoshan, there were 7 hundred enterprises involved in the first round of mutual protection business, except for the two enterprises of Jian Jie chemical fiber and CITIC steel structure, of which 5 were under financial pressure; among the second circles mutual insurance companies, there were 12 hundred top 100 enterprises. < /p >
< p > above mentioned insider also said that under the influence of < a href= "http://www.91se91.com/news/index_c.asp" > mutual insurance chain < /a >, the risk of manufacturing enterprises will spread to agriculture and service industry. On the whole, it has become the regional economic risk of Xiaoshan, not only the problem of industrial enterprises. < /p >
< p > although many enterprises are experiencing financial difficulties due to mutual insurance, Li Rujiang still said that there are risks in individual enterprises, but the batch death of 100 enterprises in Xiaoshan is "exaggerated". < /p >
< p > < strong > the expansion of enterprises under the help of banks < /strong > < /p >
< p > Hangzhou Xiaoshan district has a well-developed private economy. Last year, industrial sales amounted to 550 billion yuan, and the top 100 enterprises with a minimum sales volume of more than 500 million yuan. In order to speed up the adjustment of economic structure, Xiaoshan encourages enterprises to diversify their development in order to cultivate large enterprises. However, under the previous stimulus policy, some enterprises in Xiaoshan expanded too quickly. < /p >
< p > "at least 1/3 enterprises have investment behavior. Some enterprises, regardless of their main businesses, engage in sideline production. Li Rujiang said that many bosses took advantage of enterprises as a financing platform to expand their capacity and invest in other industries such as real estate. On the other hand, under the lack of diversified investment and financing channels, the source of funds was more dependent on bank loans and higher indebtedness, and the "mutual" chain of mutual expansion sharply expanded, resulting in a decline in the quality of enterprise assets and a shortened life cycle. < /p >
< p > for example, there is a chemical fiber enterprise in Xiaoshan. Before 2010, we bought more than 400 mu of land in Anhui, invested five hundred million or six hundred million yuan, and increased the capacity expansion of chemical fiber products. "At that time, the market of chemical fiber industry was better. But the previous year and last year's excess capacity of chemical fiber directly affected the sales of the company. In addition, the company has 16 mutual insurance companies, and several mutual insurance companies have fallen down, and the bank has borrowed 280 million yuan from the company. < /p >
< p > "in the past few years, the bank credit policy was very loose. At that time, banks needed loans for enterprises, and the heads of local governments were required to do ideological work because banks had loan assessment indicators." According to people who know the financial situation in Xiaoshan. < /p >
< p > nowadays, some enterprises in Xiaoshan are most worried about bank lending and lending. "Banks are looking at who first collectors, then the receiver is gone, and also panic." These people said. < /p >
"P", the head of China enterprises, told reporters that the consequences of irrational investment must be borne by others. The profits of the industry were not high. Many enterprises invested in real estate. They thought they would be able to recover money in 35 years. < /p >
< p > < strong > should be saved instead of /strong > /p >
< p > after the Spring Festival this year, Xiaoshan has established the Xiaoshan District dissolving office, and has deployed more than 20 district level relevant departments personnel to work centrally, representing the District Committee and the district government to deal with the capital chain problem of venture enterprises. < /p >
< p > February 14th, the Xiaoshan District Office and district government office issued the notice on the proposal to resolve the problem of capital chain of venture enterprises. The first basic principle is to adhere to the "market economy development". It requires "persist in the survival of the fittest, classify and guide, divide up the disposal, encourage the development of well run enterprises, actively support enterprises with temporary difficulties, and actively bankrupt and liquidate enterprises with serious excess capacity and unable to salvage". < /p >
< p > Li Rujiang said that enterprises that do not conform to the direction of industrial development, backward production capacity and serious pollution, Xiaoshan explicitly put forward "to take the opportunity to eliminate". < /p >
< p > to this end, on the basis of the above circular, Xiaoshan also issued 4 supporting documents, including the introduction of the guidance price for industrial land, and the guidance price of industrial land mortgage. "The guidance price of industrial land is conducive to increasing the value of collateral. In this way, enterprises can guarantee less loans and more mortgage loans. This is the most critical way for Xiaoshan to cut the guarantee chain. " Li Rujiang said. < /p >
At the same time, whether banks actively cooperate with P has become the key to solve the capital chain. < /p >
< p > "at the government level, we should take some measures to regulate the lending behavior of banks." A leading leader of the Xiaoshan District dissolving office said that at present, we should take some measures to regulate the lending behavior of banks. It is understood that some banks in Hangzhou have complained about the government's "tough practices". < /p >
< p > for the current business crisis in Zhejiang, Chen Jianjun, a professor of the Yangtze River Delta region and a professor at Zhejiang University, believes that before the local government stepped up its efforts to support traditional enterprises and the early economic stimulus policy, it was only to postpone the crisis. However, the adjustment of industrial structure has not been fundamentally solved. < /p >
< p > "by policy stimulus, it has been difficult to continue." Wang Weian, director of the Institute of Finance and Zhejiang University, told reporters. The market of Wenzhou city in Zhejiang province started early and similar problems appeared too early. Now the risk of mutual insurance between traditional enterprises has spread from Wenzhou to Zhejiang province. This situation will spread to the central and western regions, but their situation is not as serious as that in the eastern region. The danger enterprise should fall down, and the rescue can not be saved by the government. "The high-tech enterprise that has been hurt by accident must be rescued." Chen Jianjun believes that, to minimize social pain and regional economic turmoil, the government should really face the reality, accelerate the transformation and upgrading of enterprises, train large-scale industrial workers, and develop new industries. < /p >