男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Economy

Hangzhou debt guarantees spark default contagion

(Agencies) Updated: 2014-04-28 11:19

"Currently, Zhejiang's economic structural adjustment and (industrial) upgrading is at a critical stage. The risk from guarantee chains is still rather large," the Zhejiang branch of the China Banking Regulatory Commission warned in February.

Mutual guarantees

Unlisted polyester yarn producer Hangzhou Jianjie Chemical Fiber Co Ltd was recently liquidated following the default of another textile firm whose debts Jianjie had guaranteed, China Business News reported.

Hangzhou debt guarantees spark default contagion
Chaori default is a welcome move

Hangzhou debt guarantees spark default contagion
First bond default signals market progress
Jianjie's collapse in turn affected five other textile firms. In all, 3 billion yuan ($480 million) in bank loans to the six firms are at risk, the paper said.

"After (Jianjie Chemical Fiber) went bankrupt and was liquidated, companies with mutual guarantees had to take on more debt," the paper quoted Zhu Rujiang, director of the Xiaoshan District Funding Chain Risk Prevention and Mitigation Leadership Group, as saying.

"They can still handle this debt, and they will have no trouble surviving, but a key requirement is that banks can't withdraw their loans," he said, according to the paper.

Zhu's group was set up to mediate between banks and companies, according to the district government's website. Zhu declined to comment when Reuters reached him by phone.

China Business News also reported that Hangzhou Zhongxin Steel Structure Manufacture Co Ltd, which makes scaffolding, had shut down and could place another 1.2 billion yuan in bank loans to four other companies at risk.

Zhongxin, whose website is no longer accessible, couldn't be reached for comment.

"The crisis of mutual guarantees is very serious and there is no good solution for this problem," said Zhou Dewen, vice chairman of the China Association of Small and Medium Enterprises in Wenzhou, another prosperous city in Zhejiang.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 高碑店市| 灌阳县| 兰考县| 伊吾县| 南汇区| 绩溪县| 固安县| 铜川市| 兴安盟| 墨竹工卡县| 藁城市| 罗田县| 石屏县| 宜黄县| 吉木萨尔县| 延庆县| 乐昌市| 娄烦县| 广州市| 盐山县| 理塘县| 调兵山市| 墨脱县| 揭阳市| 龙胜| 开封市| 临洮县| 揭阳市| 澎湖县| 衢州市| 阳朔县| 平武县| 宁蒗| 分宜县| 马边| 韶山市| 高碑店市| 无为县| 阳春市| 弥勒县| 丁青县|