Money Is "&Nbsp"; Private Lending In China's Footwear Industry Is Surging.

Recently, the private lending market in Quanzhou has been booming, but it is buried behind the prosperity. hidden danger 。 Prior to micro-blog, it is reported that "Wenzhou business owners frequently run away, private lending" avalanche "news. Journalists, enterprises and voices are heard. Journalists start a news survey from various aspects, hoping to find suitable "for SMEs." Qian Yuan "Help" and explore ways to eliminate hidden dangers.

　　 Money runs out of the bank cage. "

Private lending in Wenzhou, Dongguan, Fuzhou and other places has led to frequent local bank deposits. Bank insiders say that the bank insiders have taken the deposit out of the bank and handed it to a more secure Guarantee Corporation to lend money to usury. Now the monthly interest rate of private financing reaches 2-3 points, which is almost 10 times of the one-year deposit interest rate in the same period.

9 in the first ten days of the month, the four major banks all showed a large net outflow of deposits. Among them, the deposits of Bank of China and Agricultural Bank decreased by about 180 billion yuan and 140 billion yuan respectively. Under the pressure of loan to deposit ratio assessment, the reduction of deposits also compresses bank compression. Line of credit 。 China's financial market prices have been seriously distorted, capital in the bank "in vitro" phenomenon intensified.

Reading history makes people wise. In the past 30 years since reform and opening up, whenever the phenomenon of private usury has been rising, it is often in the background of tight monetary policy.

The nature of capital is profitable. Prices lead the flow of capital, and huge deposits flow out of banks, which shows that the price of bank funds is not attractive. Imagine that our country has maintained the negative interest rate policy for a long time and the negative interest rate has gradually expanded since the beginning of this year. In August, the negative interest rate remained at 2.7 percentage points, that is, the deposit of 1 million yuan of funds to the bank. After a year, the nominal interest rate was 35 thousand yuan, while the actual interest rate was -2.7 million yuan. The prices of regular financial institutions and the prices of private lending market are serious. deviation And distortion is the root cause of the frenzy in the usury market.

The four banks' huge deposits also reflect that risks are already at risk. There are institutional estimates that the national private lending is conservatively estimated at 4 trillion ~5 trillion yuan. Once the risk occurs, the consequences are unthinkable. A huge drop in deposits will result in a higher proportion of deposit and loan than regulatory requirements. In order to guarantee payment and to meet the requirements of supervision and regulation for the ratio of deposits and loans, banks and other financial institutions have to rush to collect or even collect interest. Many banks have put deposits as important or even the only assessment index. At the end of the three quarter, a bank savings competition is being staged.

The four big deposits have also reflected the serious challenges of macroeconomic regulation and control, especially monetary policy. Whether it is interest rate or deposit reserve ratio, or monetary policy instruments such as open market business, it is a prerequisite for liquidity to enter financial institutions. If liquidity does not enter the cages of financial institutions and flows out of financial institutions, then monetary policy tools will be powerless. At present, we are facing this dilemma. This is an excessive use of the deposit reserve ratio. interest rate The result of means.