The Scandals Scandal Unveiled The Footwear Industry In Quanzhou: Shuffling Will Continue

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Xiaobian of the network is to introduce the scandals scandals Quanzhou shoe clothing industry: shuffle will continue.

Recently, some enterprises in Quanzhou, Fujian, have led to the loss of their ownership due to the problem of capital chain.

Why are these enterprises having difficulties? Will the boss lose contact with the industry will cause a chain reaction?

Financial constraints are incentives.

Fujian's Limited by Share Ltd and Quanzhou Rui Xing Textile Co., Ltd., which were lost to the boss due to the gold chain problem, are located in the Quanzhou economic and Technological Development Zone in the Qing Meng park.

When reporters arrived at NOGE's headquarters, it was afternoon working hours, but the company's park looked rather cold.

However, compared with many enterprises in the park, the appearance of the headquarters is stylish and concise, and has a fast fashion brand clothing business style.

The security guard at the gate told reporters that at present, wages are still paid as usual, and employees are still working normally, but they are silent about other issues related to business operations and boss's running.

Statistics show that the two brothers, Ding Canyang and Ding Hui, were first founded in Jinjiang, Fujian in 1997.

After the two planned landing of A shares, the company switched to listing on the Hongkong stock exchange in January 2014 and became the first "fast fashion" brand to be listed on the Hong Kong stock board.

Who could have known?

Only half a year was sudden change: in July 21st, the company's share price suddenly collapsed; in July 25th, the company announced that it had not been able to reach the chairman and executive director Ding Hui for 4 days. In July 31st, it announced again that the board of directors had verified that Ding Hui had spent four yuan in January 27, 2014, March 11th and April 3rd three days to turn out 228 million yuan in the Hongkong fashion company's non-profit fashion account.

Since then, rumor has been widely rumored that Ding Hui can choose to "run away" because of his huge debts.

Shi Zhengzhi, Deputy Secretary General of the Quanzhou clothing and textile chamber of Commerce, confirmed to reporters that it is indeed the "capital breaking factor" that forced Ding Hui to go.

In his view, Quanzhou businessmen pay great attention to face, and do not have to walk away.

Shi Zhengzhi believes that from the perspective of the development of the industry, the development of the way of thinking is not wrong.

"Odd" is a commercial brand, the company itself has no factory, belongs to light assets operation.

Since 2010, the China clothing association has been promoting this mode of operation - quick response and zero inventory. It is not so easy for many companies to do so.

However, the short board of the odd is that there is no accumulation process of primitive funds.

"The right way, the market has also been done, that is, the cost of capital is too big for the business."

Shi Zhengzhi said that the era of profiteering of clothing has passed, and in the era of meager profits, it can not make big money and pay high interest, and finally a vicious circle is formed.

He is a typical representative of his own capital and high debt ratio.

The reporter arrived at a local clothing store about 2 kilometers away from the headquarters of NASH.

Viewed from the outside, this is a high-end fashion shop.

However, it was found in the shop that most of the exhibits were stock products, and the price of the autumn winter coat was reduced to 70 yuan -120 yuan.

At the door of the Quanzhou red Rui Xing Textile Co., Ltd., the owner of the men's clothing brand, Preiss shop, who also broke out of the boss's running crisis, the staff on duty assured reporters that the wages had been paid on time, and that everyone was working at normal time, and that the boss had lost contact with him.

As it appears, although he is listed overseas, it is only a small business in Quanzhou.

"No one can save a business, and it's normal to fail and go bankrupt."

But he also admitted that running events had some negative effects on the industry.

Private lending temperature plunged

Reporters in the interview found that although several bosses lost contact with the overall footwear industry impact is not so obvious, but the impact of Quanzhou's large local private lending is not small.

A senior executive of a listed company in Quanzhou area told reporters that after the exposure of the boss's running incident, the private lending in the Quanzhou area became unusually cautious.

"Before a big company like this, if you want to borrow millions from you, then promise a fixed return, everyone will feel very reliable.

If such companies can't believe it now, then private lending will be even more difficult.

The executive said, "there are many small and medium-sized enterprises in Quanzhou area rely on private lending funds to maintain the operation of the operation, now such a thing, everyone will borrow more money in the future will be more cautious."

Zhou Shiyong, a listed company in Quanzhou, is also expressing similar concerns.

He said: "because banks generally do not issue long-term loans, the phenomenon of short loans is very common.

Even if the cash flow is not very good, when a short loan is due, find a temporary pfer of funds through the bridge, so that it can operate normally.

If the boss's road trip is magnified, there will be no more money for the bridge.

However, the question of whether the running incident will trigger a chain collapse of private lending is negative.

He said that the characteristics of private financing in Quanzhou area were that most of the financing and financing occurred in enterprises with similar size or assets, and there were no small people with large enterprises.

Because small capital raising involves a wide range of loans, the borrower generally does not want to know that his business is short of funds in the market.

"Therefore, generally speaking, such enterprises as a certain size of non-governmental financing and borrowing are all enterprises of similar size.

Such enterprises are losing millions or billions of dollars.

The executive said.

It is understood that a few days ago, the Development Zone Management Committee held special coordination meetings to relieve enterprises in the park and avoid similar incidents.

A senior executive of a listed company in Quanzhou told reporters that the key message conveyed by this conference is that the boss of the business owners who want to have cash flow difficulties is not allowed to make such a move as he does. It is difficult for them to come up to the relevant chambers of Commerce, and the chamber of Commerce will help coordinate the solution.

Behind the chamber of commerce is actually the Quanzhou economic and Technological Development Zone Administrative Committee.

It is reported that the core content of the meeting's specific coordination solution is divided into two parts.

Among them, the high interest private lending part of the enterprises with financial difficulties is the premise of coordination and settlement. The premise is that the enterprises or individuals who lend money can only guarantee the recovery of the loan principal, and the borrower pays the principal while deducting the accumulated interest paid part of the loan, that is to say, the loan funds from the difficult enterprises are free of charge.

In principle, the amount of arrears should be paid at a discount.

The discount rate refers to the profit margin of the enterprises owed.

For example, if a million dollar profit is paid at 10%-20%, the amount paid by the enterprise is about twenty percent off of the total amount.

Quanzhou is mostly a family enterprise. Once running, it means that the business reputation of the manager has collapsed, and there is no place for him to stand there.

Coordination will further convey to business managers the way in which enterprises should actively respond to difficulties.

Bank support

The shoe and clothing enterprises in Quanzhou originally started from the "three to one supplement" and then gradually developed in the market economy. Therefore, the issue of capital has always been a top priority for the development of enterprises.

In 2010, when the Securities Times reporter interviewed in Quanzhou economic and Technological Development Zone, export shrinkage, domestic demand decline, Ku Cungao enterprises and rising costs were four major problems that puzzled the development of Quanzhou's private economy.

In Dongguan and Wenzhou, where the industrial structure is more similar, the "closing tide" and "running tide" have already appeared.

In order to solve the problem of financing difficulties in the private sector, the State Council approved the general plan of the comprehensive reform pilot area for financial services in Quanzhou, Fujian province in December 2012. Quanzhou has become the third national financial comprehensive reform pilot area after the Wenzhou and the Pearl River Delta.

At the beginning of this year, Quanzhou issued some opinions on further expanding the comprehensive reform of private economy. In April, the national development and Reform Commission also approved that the two cities of Quanzhou and Putian in Fujian should be listed as the pilot areas for the comprehensive reform of the private economy of the national development and Reform Commission, and agreed in principle that the overall plan for the comprehensive reform of Quanzhou and Putian civilian run economy in Fujian province.

However, although government support policies emerge in endlessly, at present, the effect of Quanzhou gold reform has not yet appeared, and the problem of financing difficulties of private enterprises is still outstanding.

According to the Deputy Secretary General of the Fujian zipper chamber of Commerce, Zhou Yi Yang, the financial institutions of the government and banks and small loan companies have been trying to solve the problem of financing difficulties for SMEs.

For example, Minsheng Bank Quanzhou Jinnan Sub Branch Co sponsored with its chamber of commerce the establishment of a "small micro cooperative Fujian zipper chamber of Commerce Branch".

However, in practice, many small businesses in the chamber of commerce still have many difficulties in obtaining bank loans.

Shi also believes that banking institutions need further improvement in supporting the development of small and medium-sized private enterprises.

He even thought that an important reason for the red Rui Xing boss to run is the "irrational practice" of banks.

After the incident, the relevant banks in order to guard against risks, frozen the about 2000000 yuan bank deposits of red Rui Xing, directly led to the wages of workers can not be released normally, enterprises are forced to stop production.

"Red Rui Xing's external order is still about 500000 dollars. If we don't take this extreme approach, the enterprise can continue to operate."

During the interview, some entrepreneurs told reporters that some banks, such as Xingye (Xingye monopoly) bank, have made clear that the loan volume of the textile and garment industry should be tightened.

"If there is no money to catch up with, there are still some enterprises to reverse."

These entrepreneurs complain that "the 4 trillion policy in 2008, a large amount of capital in the banking system requested enterprises to help loans.

Now, although the state has issued various policies to support the real economy, the result is not only support but also the recovery of the original loans and the failure of enterprises.

The accusation made by the banking system is quite different for corporate criticism.

Societe Generale Bank Quanzhou branch told reporters that on the contrary, in view of the traditional advantage industries of textile and shoes and clothing in Quanzhou, in 2014, Quanzhou branch of Xingye Bank applied for regional differentiated credit policy to the head office, and obtained special authorization, which further increased its support for the regional textile and garment industry in Quanzhou.

At present, the total loan volume of Quanzhou's textile and footwear industry has maintained a constant growth trend.

In view of the recent phenomenon of some bosses running away, Xingye Bank said: "for enterprises with temporary cash flow difficulties, our bank will take the initiative to come home and discuss with the enterprises, and continue to give credit support and tide over difficulties."

Although the real economy and

The system is different, but it is undeniable that the increasingly serious overcapacity has caused many enterprises to face life and death.

According to an insider who asked not to be named,