Spring Festival, known as the "King" of Shanghai steel trade related assets that the Xiao Jiashou seizure. It is understood, that he really had much litigation, and frozen assets, or because he as a guarantor. Many small nm400wear-resistant plate trade business was lack of funds, if they go directly to the bank, almost impossible to borrow money, because there is no property as collateral, also do not have enough products for banks to see. So, many people will find Shaw Jiashou, loans to borrow his name. The prosecution case, 70% are for a guarantee for others,became bank of the defendant.
It also reflects a financing -- "security system" pattern steel trade industry, it became popular in 2009, it was hailed asan important financial innovation "". Security system in the steel trade industry, is a popular financing guarantee mode, this security system is generally three to five merchants formed a joint team, in the joint guarantee group, one of the loan, the other party will be mutual guarantee. Features of this financing mode is, bank loans to the steel trade,usually set up by the steel market Guarantee Corporation for retail guarantees. Even if the debt problems, individualnot owing on the loan, the strength of the Guarantee Corporation, the Steel City boss will reveal all the details of compensation.
In large banks and joint-stock banks have to be known as the "in" the risk of the steel trade enterprises loans raised "red light", some signs, local banks started the "baton" signal, the steel trade risk from the beginning of the Yangtze River Delta to spread to other places. Between the bank and the steel trade dispute love hate find it difficult to tear apart, the risk is worth vigilance.
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