Textile And Garment Enterprises Are Deeply Troubled By Capital Chains.

This year,

Frequent breakout of capital chain and the boss's "run away" incident brought great panic to the industry.

In July 25th, Fujian Jinjiang fast fashion brand and Hongkong listed company, Ding Hui, the chairman of the company, lost contact with the company.

Ding Hui lost contact with the storm, and is also another fast fashion brand in Jinjiang.

Prior to that, the Singapore listed company Fujian Jinjiang alligator group came out of staff wages owed several months, the boss can not contact.

Involved in the entire industry chain, the chain reaction led to many small suppliers heard some news and hurried to the relevant enterprises to collect debts.

The "lost contact turmoil" once made the industry panic and fear that its debtor suddenly disappeared.

A supplier of the odd company reluctantly indicated that although the company's arrears were only several hundred thousand yuan, but for a small factory with only two or three people, the fund had already tightened the company's capital chain.

If the funds can not be renewed, they will have to stop working first.

In addition to involving upstream suppliers, it is more serious that the "lost contact storm" triggered a credit crisis locally.

After continuous exposure of the "boss running" incident, bank lending and private lending in Quanzhou and even Fujian have become extremely cautious.

Some banks in Fujian have made clear the following terms to tighten the loan quota of the textile and garment industry.

Moreover, banks are looking at enterprises with risks.

The owner of a textile enterprise in Fujian said that some local small loan companies have begun to adjust their business scope. They only make mortgage, do not guarantee, and make a lot of discount on mortgage.

"Many enterprises, especially small and medium-sized textile and garment enterprises, are facing unprecedented financing difficulties. Now some banks have tightened their lending quota in the textile and garment industry. As the credit crisis continues to intensify, more and more enterprises will not survive this" cold winter ".

Local people familiar with the matter said.

Another province with high concentration of clothing industry in recent years is Zhejiang.

Business problems caused by UNPROFOR and mutual protection also happen frequently.

This year, the news of the collapse of private enterprises has been heard in Xiaoshan. Under the mutual insurance infection and bank loans, some key private enterprises' capital chains are obviously tightened up and face enormous tests of life and death.

It is understood that mutual insurance crisis is also related to the imperfect financial mechanism in China. Banks need mutual insurance to reduce the risk of loans. The risk of mutual insurance is relatively small for the well known enterprises, but some enterprises are not familiar with each other. In order to raise funds, they also carry out mutual insurance under the matching of certain financial institutions, and eventually put themselves in a great operational risk.

Some textile enterprises, though operating well, are overwhelmed by these bonds because they are caught in the chain of joint guarantee and mutual guarantee.

The chairman of a textile group in Xiaoshan District of Hangzhou said that at present, there are many capital intensive enterprises in Xiaoshan, and there are more mutual insurance businesses and larger demand for bank loans.

Once the risk of capital chain arises, mutual insurance enterprises will interact with each other and easily generate regional economic problems.

In view of the emergence of capital chain problems in textile enterprises, the industry experts believe that, on the one hand, due to the large credit pressure in recent years, for the real economy, the rising cost of financing and the market prospect of the whole industry are not prosperous, which makes the development of enterprises suffer a lot of resistance.

On the other hand, behind the loss of some business owners, they are not suited to the pition period of growth.

In the past, many enterprises were too demanding, seeking market share too much, and competing in products with lower profit margins, which would make the future space of enterprises smaller.

They do not have the ability to change their market when they encounter industry problems or industry turning points.

The expert pointed out that the "lost joint door" and "mutual insurance storm" are the growing pains of enterprise groups and the paved road for industrial upgrading.

These events also reflect a question: how can the government guide, regulate and solve the financing difficulties of enterprises? Whether the government has made a plan to prevent the owner of the private enterprises from running away, and how should the private enterprises start bankruptcy procedures to protect the owners? These are the contents that all sectors of the industry need to make up for lessons.

In the long run, in the process of deep adjustment, some enterprises are eliminated from the market rule. In fact, the whole industry still has great opportunities, and the industrial chain will develop towards a more reasonable and healthy direction.