Business enterprise funds chain's splitting is foam in the
building City to fall through
Why will appear the phenomenon that parts of business enterprise
funds chains split?And a little bit concentratedly appear at Wen
Zhou?More consistent viewpoint is that the margin environment of
small and medium enterprises isn't good, the reason is that the
civil finance of China isn't flourishing, counterplan certainly is
develop folks finance and increment to small and medium enterprises
of margin service.Recently,needs
careful State Department specialized pedestal promoted nine
policies of small scaled business enterprise and miniature business
enterprise development, the core was support and revenue from tax
support of the letter loan that promoted to the small tiny business
enterprise.Obviously, above-mentioned to parts of business
enterprises funds chains appear the analysis and judgment for
splitting have already become main current.
The writer thinks that enhance financial service to the small scaled business enterprise and the miniature business enterprise, this is really very necessary in China, but if think that the concentrated emergence splits in Wen Zhou's parts of business enterprise funds chains, most the core problem is that the civil finance isn't flourishing or these business enterprise want for the margin serves, that is getting more gravely mistaken.The business enterprise that the funds chain splits of so concentrate emergence at Wen Zhou, because Wen Zhou's civil finance is very flourishing and increase to the situation that can mollify current strain of the letter loan support of these business enterprises, can not change a business enterprise funds the chain splits of trend.Cause these business enterprise funds the chain splits of the source head way participation real estate speculation that lies in these business enterprises to pass an excesssive liabilities, the building price stop soaring be cause these business enterprise fundses the chain split of direct reason.
The writer has been paying attention to the economy of Wen Zhou and the behavior of Wen Zhou's entrepreneur,Ba Fei especially the phenomenon appearing today to Wen Zhou the slightest doesn't feel strange.Writer at 2004 write at the beginning of the year of 《stir-fry building behavior can not let one have one's own way 》, once enumerated the seven greatest banes of stir-frying Gao Fang Jia:"Jacked up labor force cost, weakened the national economy whole competition ability" "hinder the technique of manufacturing industry and gets stripe""turn worse a social gap between rich and poor further""repress a social effective need""distorted the industrial structure of the whole nation""increase financial risk""the disadvantage starts a business at industrial upgrading and entrepreneur of flourishing region developing of spirit".The writer thought at that time, Wen Zhou Ren possessed "the Jew of China" because of canning be more diligent and kind and genial than to start a business of call, if wealthy after of Wen Zhou Ren is big part of with stir-fry to make real estate for earnings of the words of main source, not much long-term, diligence of Wen Zhou Ren will degenerate for don't think enterprising food benefit stratum, coming Wen Zhou's manufacturing industry will consequently lose the opportunity of industrial upgrading.Allow its development, Wen Zhou in future may produce well-known rich man in the world, but can not produce well-known brand in the world, this will be Wen Zhou's regret, is also the regret of Chinese economy.
7 years are past, the calculating of writer fulfilled one by one.The success that appeared to count an extremely number at Wen Zhou stir-fries a building story and certainly also appears more and more stories that the business enterprises give up a main industry but devote one's mind "stir-fry building", a lot of business enterprises have already regarded as the margin platform to the so-called main business duty to conduct, it is in the real estate market, the main energy concentration's funds real strenght strong business enterprise is directly engaged in a real estate development, but funds real strenght lack of being engaged in and stir-frying building behavior.But more and more of the person and companies then directly participate in the industry chain hasing something to do with stir-frying building goes up and have of do a funds of Qian guest, have of establish a guarantee company, even bank letter the loan all become stir-fry a building chain up of important one wreath.Therefore, so-called"the funds chain of parts of business enterprises splits" at present appear, substantial is "stir-frying the funds chain of building to appear to split".
The one who stir-fry building's appearing a funds chain to split is market regulation decision.Turn over carat fine to melt a history and then will discover, the history of financial movement is in fact the history of financial crisis, while the financial crisis leading role of 100 in the last yearses definitely has something to do with real estate foam.When the real estate price appears to continuously soar, will draw on various funds participation speculation, building price's soaring continuously time is more long then participant's confidence is more big, the confidence is more big then will cause the funds lever of stir-frying the building the multiple is also more big.If the building price appears to quickly soar, these ways participation that owes debt through a high lever stir-fries the persons of building to make a profit double to add, hence, pass an usury method the margin stir-fry building also by all means more and more universal.2008 saves a municipal services plan and causes the confidence of that is significant to soar, stimulate to stir-fry building through an usury further with building price in 2010 in 2009.But,Bear market if the building price stop soaring, then the whole game meeting Jia however.The funds cost of the usury about in 20%~30%, if the building price soars less than 20% of speed~30% ranges, then pass the person whom usurious way participation stir-fries building and then will loss in business;If the building price stop soaring or decline and mean then that these people immediately sink into the deficiency(because exist the funds lever of high comparison) of high comparison, keeping on a more long of time the deficiency is more serious.
Can calculate from here, as long as the building price continues now get down trend, will the one who have to more and more stir-fry building appear and loss in business or the funds chain split.But whenever an one who stir-fry building appears a funds chain and splits and cause again creditor compulsorily building seller"cut Cang dish", to market price expectation creation further pound at, the market gets into vicious cycle.This with American time loan crisis after bank's betraying is taken back of housing situation have no where is the difference-the building price more sell to more fall and more fall to sell dish more many.
