August 03, 2004 22:46 Feeling in the normal life of ordinary people, there is still a hidden dark stream, which is the challenge to the current situation and the challenge, the root is still the interests of people. drive. This force even went to walk the street on the weekend to buy discount shoes. The Bank of China is difficult to explain, the thirst of private enterprises is almost anywhere in the world, and Wang Zhenye can become a big chapter of the bank. In just 16 years, the people from the country carpenter have established one of the world's largest shoes, and this company currently has 10,000 employees, including a group of Italian designers. Moreover, Wang Zhenye has an endless point of expanding his private enterprise kingdom. However, when he recently decided to build a "shoes capital" in China, he has almost wanted to financing the state-owned bank financing. According to Wang Zhenyi's envision, "Skinate" will bring together tanneurs, lace suppliers and leather shoes production lines. Just as in the past, Wang Zhenwei decided to still rely on his only reliable source of financing - its own funds. Only 39-year-old Wang Zhenwei is currently one of Wenzhou, and 80% of the 80% of the economy in Wenzhou is in private hands. Wang Zhenwei's experience is typical in many ways. When his business is small, struggling in trouble, it is impossible to support bank funds, but it is impossible to get this help. Now business is bigger, state-owned banks are also more interested in Wang Zhenwei loans, but the loan conditions opened often can't accept him. Looking through the entire China, state-owned banks ignore the most dynamic part of the Chinese economy - to create an employment opportunity and promote private enterprises in economic growth. Although the private sector has created more than two-thirds of national output, the owned bank loans are not a third of the total. Wang Zhenyi, president of Aukang Group (Aukang Group Co.), to initiate challenge this status quo: he decided to participate in the establishment of a private bank. Wang Zhen said that he is not for money, he is already rich, he is doing this for the whole society, so that more people can get rich. Many private entrepreneurs in China are trying to get involved in the banking industry, which will enable them to get funds, thus launching more effective competition with state-owned enterprises. State-owned banks are strained by China's fixed interest rate becomings, even if they want to loans to private small enterprises, these companies cannot provide collateral, state-owned banks cannot increase loan interest rates to reflect the level of this loan risk. Therefore, state-owned banks can only put the absorbed savings funds to large state-owned enterprises. For private banks, serving services to medium and small companies is a good business. In places like Wenzhou, east coastal city, private entrepreneurs are currently looking for loans to the underground financial network. The quality of service of this underground financial network is far better than the state-owned banking system in many ways. Just relying on your own reputation, companies do not need to answer any questions, you can obtain operational fund loans from underground Qianzhuang, but the interest payable for loans is also amazing, and the annual interest rate can be as high as 20%. Private companies also absorb deposits from their workers, and then distribute dividends to them according to the company's profit. The workers are seeking to seek this, because the state-owned bank deposit interest rate is only 1.98%, can't catch up with the price of prices. In rural areas, women will make cash in their hands together to set up a "chi", which has had a hundred years of history. According to Ma Jinlong, Ma Jinlong, Wenzhou City, Wenzhou's private capital market is up to RMB 30 billion, and the amount of most civil loans is not large, often no more than 1 million yuan. Ma Jinlong said that all of these loans are only credible. Underground Qianzhuang's role played in Wenzhou is so important, so that the government will track and publish the loan interest rate of underground Qianzhuang, which is neither in China's city. With the wind of the tightening credit, the loan interest rate in the private capital market has reached 11.6% in June. The most favorable loan interest rate of state-owned banks is currently 5.31%, and the maximum loan interest rate is 9%.
