Zhejiang private lending market survey - last night

 Recently, the Post reporter to need money in the name of the line has contact with the four consignment. This four consignment lines indicated in the current situation, alone will not guarantee loans, and must have collateral, such as commodity housing, shops, automobile, securities and so on. Zhejiang private lending market has become Fei Tang, Yang soup boil or the root of the problem is not just the best choice. Yiwu, the county-level city in central Zhejiang Province, in the end how many people hot money? no conclusion. specializing in private lending in the local earnings Chow said: years, Yiwu city's GDP of 420 billion yuan, general budget revenues 5.888 billion yuan, 3.228 billion yuan of which the local fiscal revenue. Recently, the Post reporter has visited the Banking Bureau, Zhejiang, People's Bank and other departments obtained The answer is that private finance is research the situation will be closely watching the new trend. It is undeniable that, in a certain period of time, private lending is an integral part of the market. But now the private lending market is a pot Fei Tang, Yang soup boil or the root of the problem is clearly not only the best choice, it is a test of management capacity of departments and decision-making intelligence. northbound section chemical industry in Yiwu City, 300 meters long road on both sides of the distribution of more than 10 consignment line . at the local, consignment line can provide short-term borrowing of funds, is well known fact. Recently, the Post reporter to need money in the name of the line has contact with the four consignment. This four consignment lines indicated in the current situation , alone will not guarantee loans, and must have collateral, such as commodity housing, shops, automobile, securities and so on. In the , collateral, capital size to determine the interest rates to 3-month loan period, if the listing price is 80 million homes, by up to 40 million monthly interest rate is 9 points 3 per cent. This means that if borrowing 100 million, agreed to return after 3 months, then returned to 100 million in addition to the principal, the need to pay 279,000 yuan in interest. ; if you have the money kept coming, monthly interest rate of 2 points. rate 24%), formal financial institutions have been 3.33% over the three-month deposit interest rate, 4.14% of the one-year deposit rate was much higher. but not every consignment line need financing, in the When the Post reporter asked if the money into the consignment line, the high interest can be given, the person said, collateral, borrow up to 3 million, less can borrow hundreds of thousands. can borrow 60 million, but because of commodity housing market downturn, the market price of the homes can only be 100 million loaned four million. Moreover, the price of these properties to the local Qi Bafen the lowest monthly interest rate also. This name men stressed that the scope of their loans based mainly Yiwu, Jinhua up to the whole region, other regions did not hesitate. monthly interest rate is the highest one called line, has reached an angle. The consignment line of a woman, said lenders generally charge interest daily, 10,000 yuan 35 yuan per day on interest rates, and replaced with a monthly interest rate is an angle or so, they assess the collateral, the same day for loans. is not only a consignment Bank lending, local business owners told the Post reporter, as long as collateral, are willing to pay high interest rates, a number of pawn shops, investment companies, security companies to borrow money. Jinhua, Zhejiang, the court public information display, in recent years, many cases of private lending disputes, and often involves a criminal offense. For example, the consignment business processes beyond the scope of the line, such as loan-sharking, in order to recover the debt, together with the underground dark and evil forces, acts of violence means of collection. Recently, in Yiwu, the local newspaper to see Anhui restricted to the collection, provided that 40% or more of accounts receivable owned by them all. to act on behalf of consignment ;, the local investment through various channels of hot money trying to get a return, they are often hidden in the consignment houses and investment companies, pawn shops within. and usury mainly for two regional companies and underground casinos, which higher interest rates underground casinos, but ordinary people, this is a can not detect the field. well known to private financial markets in Zhejiang Lixin Lang law firm VI introduced Yiwu uneven level of local civil borrowers, many people long ago but is engaged in commodity business businessman, was able to understand very few corporate financial statements. Not only that, these borrowers are not familiar with the relevant legal knowledge, lending a very primitive way, is often taken way to sign papers on the status of the debtor's assets, the lack of investigation and understanding, and for the loan guarantee is just a huge personal credit. a creditor complained to the Post reporter, when he reported to the Public Security Bureau, when lending rates to know people in the bank lending rate should be less than 4 times, for example, a current bank year lending rate to 7.56%, private lending interest rate of not more than 30.24%, was protected by law. Some people try to copy the private lending business bank loan approval process, but do not have the ability to fund their enterprises and forecast assessment of the risks lack of capacity, the debtor's disappearance, the borrower often can not be recovered. Yiwu private lending long time, after several rounds of ebb and flow, from the earliest They have been developed to suppress the peak and receded, but had never really die. long-term profitability of private lending in Yiwu in Mr. Zhou said that the formation of the current round of borrowing since 2005, the climate, the formation of a peak in 2007, this year seems to be turning point signs. Zhejiang University School of Economics, Financial Research Institute of Wang Weian that under the current specific period of time, money supply does not fully, really good company will not choose to loan sharks, but does not rule out a small number of enterprises have mentality, and they are still adjusting the position after the very last chance. However, media reports said up to 120% per annum, the risk of borrowers is undoubtedly very large, private lending has exceeded the negative effects of positive meaning . In order to strengthen local people to invest in education, Yiwu City, the Office of the Commissioner of Banking cooperation with the local newspaper, launched an investor education week, Forum 12 .6 headline content, that is, which is illegal financial activities described , including the definition of illegal deposits from the public and so on. regulators are admitted to the Post reporter, to ease and standardize the financing, private lending practices, the task very difficult. First of all, private financing and urban ethos, the public pursuit of value-related; second , due to increased corporate demand for funds, the funds for the chain tension Adds a financing, the financing situation of ground, followed by a very clear laws and regulations to convey to the public, the public of illegal financial activities have clear judgments, and make reasonable and legitimate underground financial, private financial transfers to the and attorneys handling cases in the actual process has been found that the illegal deposits from the public, loan sharking and other relevant provisions of the lag and the actual operation, the proposed introduction of a more detailed judicial interpretation. Meanwhile, hot money into the legitimate civil society in the wider path, such as cooperation with banks entrusted loans, equity commercial banks, the establishment of village banks. Long Lixin counsel, must get rid of traditional folk knowledge of finance, using market means to solve the problem, the guidance on private finance must also be carried out through market means, simply use laws and regulations to suppress, proved to be ineffective, because the pursuit of interests, while avoiding disadvantages is a human instinct. and change the current legal environment for private finance is a system engineering, long way to go. talk about money chain tension, people first thought is under the monetary tightening macro-control, and the sluggish real estate and other specific industries, but in Zhejiang, private lending is not around the topic of the past. Long-term exposure to VI and private enterprises in Zhejiang, Zhejiang Lixin Lang law firm lawyers said strand breaks is the case in previous years, the phenomenon of capital of private enterprises, and this year has been developed to the industry from the case, until the development of all walks of life to a very wide range of enterprises, and that this situation is still spreading, the situation continued to deteriorate, which look at the private lending by the rising level of interest can be felt. Lixin Lang highlighted the market demand can not be eliminated, and the key is to regulate supply. Otherwise, the local enterprise funds strand breaks will evolve into a wide range of economic issues, and even a social problem . With the continued macro pressure, before the delicate financial balance is broken; plus countries through technical means, making the real estate industry capital return period longer than private lending as a necessary complement to bank credit. Lang establishing a new analysis, in normal circumstances Next, select the private lending companies are mainly two types: one is the ability to generate huge profits in real estate business, monthly interest rate of two or three points, it is fully able to withstand the private lending; One is the expansion of enterprises, in order to compete, these companies must expand the scale, so the more the better funds, while bank credit or can not fully meet their requirements, or does not support this type of industry. but because of the entry of private lending, business and in order for bank loans, must be false accounts to the private sector lending into the company accounts. The banks that have private lending companies that would be very panic, because companies have formed a balance sheet debt. enterprises in the end the number of civil debt? When expire? banks facing a financial black hole can not understand, Therefore, funds will accelerate the detachment. November 2007, Yiwu City, founder of Poly car sales, the legal representative of Ye Rongxing suddenly missing, and pass the debt nearly 5 million. Poly with thousands of automotive wire and Usury drained Wanlv association. in Wenzhou and Yiwu, private lending has long been a kind of investment behavior for the purpose of profit. But with private equity investment company focused on the cultivation of different, generally short-term private lending, borrowing period is normally the number of days or months, more than six months is a long cycle of borrowing. The longer the private lending, the greater the risk of creditors, the interest rate is also higher. This is because the guarantee of private lending system is very fragile, and the debtor be able to guarantees provided by the borrower has almost dried up. private lending in general is the . no, this means that the private financing channels are blocked the enterprise. and private lending interest rate is often the oral agreement, even if written in the contract, the interest rate on the interest rate is also protected by law, if the debtor is not the money, the creditor will sue to the court. business dispute broke out after the private lending, followed by the parties to the debt collection will be, including the banks. if a loan is not out of, its assets will be seized, bank accounts will be frozen, businesses cut even bankruptcy is an inescapable fate. a suspension of civil bankruptcy business loans, financial crisis did not stop the chain. As between the mutual insurance company, Security Plan, a corporate debt hole too big for its loan guarantees, UNPROFOR's enterprises will be unable to bear several and joint liability, even if they can pay off, it will cause hard to heal It is considered safe lending practices of bank credit assets, beyond reproach. but in the present moment, this approach has begun to show a huge crisis, very serious consequences once the outbreak, many businesses do not know when to die, but once death is often is abrupt and rapid. matching this pattern mutual insurance companies not only to the security ring caused huge problems, on the bank's credit assets also cause great potential harm. He explained that, because an enterprise is likely to several corporate guarantees The company gave its security guarantees to other companies, but they do not know each other in the end there is no guarantee of private lending business, as long as one link in the network structure problem, the impact will be huge. Hangzhou South Point Group , Taizhou leap groups showed an inkling of this crisis. In this regard, Lixin Lang recommended that future Bank lending companies should strengthen the review of balance-sheet debt, with particular attention to a major shareholder and associated companies large sums of money between accounts . Meanwhile, the accounting firm in the annual audit of the company, whether listed or unlisted companies, with particular attention to the security category such as Ministry of Finance to give accountants the rights and obligations related to the investigation, the People's Bank and other departments should be introduced to the matching system. Zhejiang University, Xue-Jun Jin, vice president of economics believes that the security of UNPROFOR chain, it is difficult to ensure that any enterprise which is not problems, the system does have chain crisis. Xue-Jun Jin said, banks and enterprises are equal in the market between the two degrees to further enhance information disclosure, ; Bank should provide more financing channels, such as Pledge, supply chain financing, receivables financing, in urgent need of money in the name of the line has contact with the four consignment. This four consignment line indicated in the current situation, alone will not guarantee loans, and must have collateral, such as commodity housing, shops, automobile, securities and so on. Zhejiang private lending market has become Fei Tang, Yang boiling soup or root of the problem is not just the best choice. Yiwu, the county-level city in central Zhejiang Province, in the end how many people hot money? not conclusive. in the local expertise Chow earnings in private lending, said: GDP of 420 billion yuan, general budget revenues 5.888 billion yuan, 3.228 billion yuan of which the local fiscal revenue. Recently, the Post reporter has visited the Banking Bureau, Zhejiang, People's Bank and other departments after the reply was, is private research financing situation, will be closely watching the new trend. It is undeniable that, in a certain period of time, private lending is an integral part of the market. But now the private lending market is a pot of Fei Tang, Yang Tang just boil or the root of the problem is clearly not the best choice, it is a test of management capacity of departments and decision-making intelligence. northbound section chemical industry in Yiwu City, 300 meters long road on both sides of the distribution of more than 10 consignment line. at the local, consignment line can provide short-term borrowing of funds, is well known fact. Recently, the Post reporter to need money in the name of the line has contact with the four consignment. This four consignment line indicated in the current situation, security alone is not loans, and must have collateral, such as commodity housing, shops, cars, and other securities. In sizes to determine the interest rates to 3-month loan period, if the listing price is 80 million homes, by up to 40 million monthly interest rate is 9 points 3 per cent. This means that if a borrower 100 million, agreed to return after 3 months, then returned to 100 million in addition to the principal, the need to pay 279,000 yuan in interest. deposit in, monthly interest rate of 2 points. than the formal financial institutions have been the three-month deposit interest rates 3.33%, 4.14% of the one-year deposit interest rates higher. but not every consignment line need financing, in the asked if the money line into the consignment, the high interest can be given, the person said, can borrow 3 million, less can borrow hundreds of thousands. However, as commodity housing market downturn, the market price of the homes can only be 100 million loaned four million. Moreover, the price of these properties to the local Qi Bafen. This name men stressed that the scope of their loans based mainly Yiwu, Jinhua up to the whole region, other regions did not hesitate. monthly interest rate is the highest one called angle. The consignment line a woman, said lenders generally charge interest daily, 10,000 yuan 35 yuan per day on interest rates, and replaced with a monthly interest rate is an angle or so, they assess the collateral, the same day for loans. not only Consignment Bank lending, local business owners told the Post reporter, as long as collateral, are willing to pay high interest rates, a number of pawn shops, investment companies, security companies to borrow money. Jinhua, Zhejiang, court public information display, in recent years years, many cases of private lending disputes, and often involves a criminal offense. For example, the consignment of range line of business process, such as loan-sharking, in order to recover the debt, together with the underground dark and evil forces and violence by receivables. nearly period of time, the local newspaper in Yiwu you can see the account the condition of 40% or more of all accounts receivable owned by them. to act on behalf of consignment investment through various channels to get a return, they are often hidden in the consignment houses and investment companies, pawn shops within. and usury mainly for two regional companies and underground casinos, which higher interest rates underground casinos, but for ordinary people, This is a can not detect the field. well known to private financial markets in Zhejiang Lixin Lang law firm VI introduced Yiwu uneven level of local civil borrowers, many people long ago but is engaged in the commodity business, businessman, see people who know very little corporate financial statements. Not only that, these borrowers are not familiar with the relevant legal knowledge, lending a very primitive way, is often taken way to sign papers on the status of the debtor's assets, the lack of investigation and understanding of, and for the huge only the loan guarantee personal credit. a creditor complained to the Post reporter, when he reported to the Public Security Bureau, when lending rates to know people in the bank lending rate should be less than 4 times, for example, the current one-year lending rate to banks 7.56%, private lending interest rate of not more than 30.24%, was protected by law. Some people try to copy the private lending business bank loan approval process, but do not have this capability, they judge the risk of enterprise funds and predictive ability is not enough, the debtor is missing After the borrower often can not be recovered. Yiwu private lending long time, after several rounds of ebb and flow, from the earliest have been suppressed for a fade, but never really die off. long-term profitability of private lending in Yiwu in Mr. Zhou said that the formation of the current round of borrowing since 2005, the climate, the formation of a peak in 2007, this year seems to be turning sign. the economy of Zhejiang University director of the Institute of Finance Wang Weian that under the current specific period of time, money supply does not fully, really good company will not choose to loan sharks, but does not rule out a small number of enterprises have After adjusting the position of a very last chance. However, media reports said up to 120% per annum, the risk of borrowers is undoubtedly very large, private lending has exceeded the negative effects of positive meaning. In order to strengthen local public investment in education, Yiwu City, the Office of the Commissioner of Banking cooperation with the local newspaper, launched an investor education week, Forum 12 .6 headline content, is the introduction which is illegal financial activities, including illegal absorption definition of such public deposits. supervision department of the Morning Post said frankly, to ease and regulate the private financing, private lending practices, the task very difficult. First of all, private financing and urban ethos, the public pursuit of value-related; Second, the management funding needs, funding for the chain tension Adds a , followed by a very clear laws and regulations to convey to the public, the public of illegal financial activities have clear judgments, and make reasonable and legitimate underground financial, private financial transfers to the process has been found that the illegal deposits from the public, loan sharking and other relevant provisions of the lag and the actual operation, the proposed introduction of a more detailed judicial interpretation. Meanwhile, hot money into the legitimate civil society in the wider path, such as cooperation with the banks entrusted loans, business shares Bank, the establishment of village banks. Long Lixin counsel, must get rid of traditional folk knowledge of finance, using market means to solve the problem, the guidance on private finance must also be carried out through market means, simply use the laws and regulations to suppress, proved to be ineffective, because the pursuit of interests, while avoiding disadvantages is a human instinct. and change the current legal environment for private finance is a system engineering, long way to go. talk about money chain tension, people think of first is the macro under the control of monetary tightening, and real estate industry-specific malaise, but in Zhejiang, private lending is not around the topic of the past. Long-term exposure to VI and private enterprises in Zhejiang, Zhejiang Lixin Lang law firm lawyers said strand breaks in previous years, funding of private enterprises phenomenon is the case, but this year has been developed to the industry from the case, until the development of all walks of life to a very wide range of enterprises, and that this situation is still spreading, the situation continued to deteriorate, which look at the private lending by the rising level of interest can feel it. Lixin Lang highlighted the market demand can not be eliminated, and the key is to regulate supply. Otherwise, the local enterprise funds strand breaks will evolve into a wide range of economic issues, and even a social problem. As macro-control sustained high pressure, before the delicate financial balance is broken; plus countries through technical means, making the real estate industry capital return period longer than private lending as a necessary complement to bank credit. Lang establishing a new analysis, under normal circumstances, select the private lending The enterprises are mainly two types: one is the ability to generate huge profits in real estate business, monthly interest rate of two or three points, it is fully able to afford private lending; One is the expansion of enterprises, in order to compete, these companies must expand the scale, so funds the more the better, and bank credit or can not fully meet their requirements, or does not support this type of industry. However, due to the entry of private lending, business and in order for bank loans, must be false accounts to the private sector lending into the company accounts. The banks that that enterprises are private lending, will be very panic, because companies have formed a balance sheet debt. enterprises in the end the number of civil debt? When expire? banks face a funding black hole can not understand, it will accelerate the detachment funds. November 2007, Yiwu City, founder of Poly car sales, the legal representative of Ye Rongxing suddenly missing, and pass the debt nearly 5 million. Poly drained car inextricably associated with usury. In Wenzhou and Yiwu, private lending has long been a kind of investment behavior for the purpose of profit. But with private equity investment company focused on the cultivation of different, generally short-term private lending, borrowing period is usually several days or months , borrowing more than six months is a long period. The longer the private lending, the greater the risk of creditors, the interest rate is also higher. This is because the guarantee of private lending system is very fragile, and the debtor to provide security to the borrower has almost dried up. private lending in general is long-vote the entire private financing of the enterprise will be blocked. and private lending interest rate is often the oral agreement, even if written in the contract, the interest rate on the interest rate is also protected by law, if the debtor is not the money, the creditor will sue to the court. enterprises outbreak After a private lending disputes, the parties will be followed by debt collection, including the banks. if a loan is not out of, its assets will be seized, bank accounts will be frozen, or even bankrupt companies is a cut-off can not escape fate. a suspension of civil bankruptcy business loans, financial crisis did not stop the chain. As between the mutual insurance company, Security Plan, a corporate debt hole too big for its loan guarantees, UNPROFOR's enterprises will not bear several and joint liability, even if they can pay off, it will cause hard to heal bank credit assets, security practices, is beyond reproach. but in the present moment, this approach has begun to show a huge crisis, very serious consequences once the outbreak, many businesses do not know when to die, but once death is often abrupt and rapid . matching this pattern mutual insurance companies not only to the security ring caused huge problems, on the bank's credit assets also cause great potential harm. He explained that, because an enterprise is likely to several corporate guarantees, and its security business Other companies gave guarantees, but they do not know each other in the end there is no guarantee of private lending business, as long as one link in the network structure problem, the impact will be huge. Hangzhou South Point Group, Taizhou leap Group showed an inkling of this crisis. In this regard, Lixin Lang recommended that future Bank lending companies should strengthen the review of balance-sheet debt, with particular attention to a major shareholder and associated companies large sums of money between accounts. Meanwhile, Certified Public Accountants where the annual audit of enterprises, both listed companies or unlisted companies, with particular attention to the security category such as rights and obligations related to the investigation, the People's Bank and other departments should be introduced to the matching system. Zhejiang University, Xue-Jun Jin, vice president of economics believes that the security of UNPROFOR chain, it is difficult to ensure that no problems of any one enterprise, which Indeed, the system will produce the chain-type crisis. Xue-Jun Jin said, banks and enterprises are equal in the market between the two degrees to further enhance information disclosure, provide more financing channels, such as Pledge, supply chain financing, receivables financing,