Wen Enterprises Face "Six Difficulties" Two Months Away 60 Homes

Although Wenzhou has introduced a series of measures to control the market, it has achieved the effect of containing the disorder of loans and social stability. However, the impact of the private lending crisis and the breakup of the capital chain of SMEs has gone far beyond the scope of governance within the local government.

　　 "Six difficulties" of enterprises

"No money to repay, only to sell the factory." Wenzhou Columbo real estate Marketing Xie Guohua, director of the commercial real estate department of the limited company, said that since the beginning of this year, the sale of Wenzhou's factory buildings has increased by 30% to 50% over the past year, and the price has dropped by 1/3 to 1/2 from the highest level in July and August.

At the same time, a Wenzhou newspaper factory rental sale classified advertising increased significantly, generally in a whole page, which is compared with the previous few factory rental sales advertising form a big contrast.

Xie Guohua said that at present, the prices of factory buildings in Wenzhou are in a downward path, and there are four kinds of selling factories.

First, the capital turnover is difficult, before these owners are using the factory mortgage, the maximum loan from the bank, or for the high interest lending or real estate business. Now the business owners are running down, the house prices are falling sharply, unable to repay the existing debts. The two is mutual insurance quilts, before the Wenzhou enterprises guarantee each other, and once the enterprises run, the guarantee enterprises are bound to be implicated; three, the loan contraction, these enterprises often have excessive expansion, after the private financing is hindered, the loan contraction is undoubtedly a fatal blow; four, abandoning the industry, or moving the industry to the mainland, selling the factory buildings and increasing the flow capital.

"The first two cases are the main reasons for the substantial increase in the sale of Wenzhou's factory buildings in the near future." Xie Guohua said that today, there are more small factories in Wenzhou, and large factories are almost unattended. In this regard, Columbo, general manager of Wenzhou Real Estate Marketing Co., Ltd., Chen Ping, believes that the price of factory buildings has been at a low level. Why turnover is still obviously low. In addition to rising costs, orders are falling.

In the unstable production environment, Wenzhou's industrial electricity consumption also showed a marked decline.

Statistics from Wenzhou Electric Power Bureau show that from January to February, Wenzhou's industrial electricity consumption was 2 billion 328 million kwh, down 5.85% from the same period last year, accounting for 55.65% of the total electricity consumption of the whole society.

According to the data released yesterday by the Wenzhou municipal government, Wenzhou's industrial electricity consumption decreased by 2.4% in the first quarter of this year, compared with the same period last year, while the total retail sales of social consumer goods increased by 45 billion 660 million yuan, up 12.1% from the same period last year, or even less than the increase from 2008 to 2009 during the international financial crisis.

In mid March, Zhao Kun, deputy director of the National Economic Development Department of the national development and Reform Commission, and Xie Xiaobo, deputy inspector of the provincial development and Reform Commission, were sent to Wenzhou by the NDRC research team. They listened carefully to the reports of the enterprises on the current management and main problems, as well as the judgment and policy suggestions for the two quarter economic trend; and listened to the analysis and judgement of various departments on Wenzhou's economic operation this year.

According to the Wenzhou Municipal Commission of letters, as of June, the Commission's special action to solve the problem of "entering enterprises to solve problems" will enter the stage of solving the problem, and strive to break the "six difficulties" for enterprises. It is difficult to raise the per mu yield of enterprises (per Mu output value), the difficulty of industrial investment, the difficulty in financing enterprises, the difficulty in cultivating market players, the difficulty in introducing talents and employment, and the difficulty of upgrading enterprises' technology.

In view of the difficulty in financing enterprises, the Wenzhou municipal credit commission said that it planned to conduct pilot projects for 100 small businesses credit loans in the city, hold more than 4 joint meetings of government, banking and enterprise cooperation projects, carry out pilot projects of private lending registration service centers and private capital management companies, actively explore private financing management filing system, explore the establishment of re guarantee institutions for small and medium-sized enterprises, and support the development of financial Guarantee corporation with outstanding performance.

　　 Financing dilemma is more and more obvious

Since last August, the total amount of social financing in Wenzhou has continued to shrink. By the end of 2 this year, the total financial assets of the whole society amounted to about about 930000000000 yuan, which was about 80 billion yuan lower than the end of 8 in 2011.

Wenzhou financial office data show that since last August, the city's total social financing continued to shrink.

By the end of 2 this year, the total social financing of Wenzhou was about 930 billion yuan, which was about 80 billion yuan lower than the end of 8 in 2011. Among them, bank loans increased by about 30000000000 yuan, and the financing of off balance sheet banking, private lending market and various types of private financing institutions was reduced by about 110000000000 yuan.

Wenzhou finance office analyzed that the financing path of small and medium-sized enterprises in the city was mainly composed of three parts, namely, its own funds, bank loans and private lending. In 2011, the proportion of these three was about 562816. It can be seen that Wenzhou's current bank loans are increasing and the total amount of private lending is decreasing, which has led to more and more obvious financing difficulties for SMEs in Wenzhou.

In addition, the small and medium enterprises will face "small peaks" in the near future.

Wenzhou Finance Office revealed that the period from March to June was the concentrated repayment period of bank loans in the city. The number of loans reached maturity was rising month by month, and the pressure of repayment of loans increased month by month. Monitoring data show that the number of loan repayment due to maturity will rise from 5667 to 6900, and the maturity loan will increase from about 27400000000 yuan to about 32900000000 yuan.

At present, the Wenzhou finance office has investigated 558 small and medium-sized enterprises. It is believed that the current capital market is tight and tight, accounting for 78% of the total business. The average gap of funds is 16%. 70% of the enterprises have capital requirements, 34.1% of the enterprises' demand for funds is more than 10 million, the demand is 13.9% from 5 million to 10 million, and the demand is 19.7% at 1 million ~500, and the demand is below the level of less than 80 yuan.

Wenzhou finance office believes that Wenzhou credit is limited by the conditions of examination and approval, scale control, non-performing loan assessment and loan to deposit ratio, which is still difficult to increase in the short term.

On the one hand, the non-performing loan ratio of Wenzhou's banking sector is still on the upward track, and the total assets of the banking industry also showed negative growth for the first time in January, which was 11 billion 140 million yuan lower than that of the beginning of the year. As some banks' superior banks imposed accountability on the scale of loans and non-performing loans, the Wenzhou commercial bank's cautious lending mood has been enhanced. Some commercial banks have stopped the issuance of personal loans, and the conditions for individual banks to grant loans to small and micro enterprises are more stringent.

On the other hand, bank deposit and loan ratio is affected by multiple factors such as the weakening of derivative capability and so on. The difficulty of deposit growth is corresponding to the loan growth restriction. As of the end of 2, the foreign currency deposits in Wenzhou decreased by 29 billion 565 million yuan compared with the beginning of the year, showing a continuous negative growth trend. In the city's 25 municipal banking institutions, 14 banks had a loan to deposit ratio of more than 100%, and the highest deposit to loan ratio was as high as 163.1%, which seriously weakened the housing loan capability.

Last October, Wenzhou organized 25 working groups stationed in the bank, requiring banks not to draw money or to lend money to prevent SMEs. Capital chain Crack. A person close to the bank's secured financing company said the original planned entry time was 1 months, but the company was in poor condition and so far they have not yet withdrawn.

　　 The negative impact of "running away" is not easy in the short run.

"The failure of corporate exit is still the main reason for the sharp rise in non-performing loans." Wenzhou banking regulatory bureau said.

According to the report of the Wenzhou banking regulatory bureau, according to statistics from relevant departments, as of the end of 2, 234 enterprises were leaving Wenzhou, 60 more than the beginning of the year, of which 24 occurred in January, 36 in February, and 152 enterprises involved in bank credit, involving a total of 4 billion 72 million yuan in bank credit balances, which had basically formed non-performing loans, accounting for 36.22% of the city's non-performing loans.

The bad loans of enterprises affected by guarantee are on the rise. According to data from Wenzhou banking regulatory bureau, at the end of 2 this year, the non-performing loans of Wenzhou's banking financial institutions amounted to 11 billion 241 million yuan, and the non-performing loan ratio was 1.74%. It has been rising for 8 months, up 370.27% from 0.37% at the lowest end of last month.

According to the Wenzhou banking regulatory bureau, many enterprises have been puzzled by this problem and some have fallen into a dilemma. The guarantee companies with weak bearing capacity have been shut down or even gone bankrupt due to the responsibility of guarantee compensation. At the same time, some enterprises are unable to find guaranty enterprises due to the expiration of loans, or fail to improve the guarantee conditions according to the requirements of banks, and are drawn by banks to lend money, which will affect the credit quality of other stock loans.

According to individual banks, the Wenzhou Banking Regulatory Bureau reflects that 20% of the customers are affected by the guarantee chain and there is a possibility of further expansion.

"The negative impact of private lending is still difficult to eliminate in the short term." Wenzhou City Finance Office analysis.

There are at least three risks: first, chain risk in the guarantee chain. The guarantee chain at the geometric level makes the debt crisis easy to form highly contagious, and the chain reaction amplifies, resulting in the loss of people's confidence and the destruction of credit environment. Two, the pressure of private lending risk to the banks is further increased. The potential credit risks of venture enterprises and related guarantee enterprises are still breaking out, and the continuous rebound of non-performing loans may make the loan approval authority of some commercial banks one after another, which will aggravate the risk of enterprise capital chain breakage, and easily lead to a spiral increase in the non-performing loan ratio of banks and the number of enterprises going out of danger. Three, affected by the financial turmoil, many enterprises will no longer renew insurance for other enterprises, and some commercial banks and financial Guarantee Corporation will continue to raise the guarantee conditions for caution, which may make it difficult for the normally run enterprises.

To this end, the Wenzhou Banking Regulatory Bureau suggested that Wenzhou should set up a guarantee group as soon as possible by the government, with financial funds as guarantee, effectively solve the problem of enterprise guarantee, and really untie the guarantee chain of enterprises. Due to the lack of collateral and pledge in Wenzhou enterprises, enterprises often take mutual insurance form to bank loans, and even form a chain of guarantee that many enterprises take part in. After the occurrence of the enterprise credit risk incident, the trust degree between enterprises has dropped sharply, and many enterprises will not renew the guarantee that has already expired. This situation has made many normal businesses struggling and will continue.