Some real examples of selling dog meat because of the financial crisis.

1. Vice President of Xiamen Rongdian sells dog meat as an underground financial broker.

2 1 Century. com Core Tip: With the spread of the huge bad debt crisis in Xiamen Rongdian, the underground financial food chain related to it began to panic.

In Xiamen in June, there is a restlessness.

With the outbreak of the huge bad debt crisis of Xiamen Rongdian Financing Guarantee Co., Ltd. (hereinafter referred to as Xiamen Rongdian), the underground financial food chain related to it began to panic.

"There have been a number of guarantee companies that have successively exploded usury problems, and even bank presidents have been involved." The source told 2 1 century. com reporter.

According to sources, a vice president of a foreign-funded background bank branch on Hubin North Road in Xiamen has absconded with money and is suspected of defrauding huge private usury funds.

"The guarantee companies that have recently had problems involve billions of yuan," the above-mentioned person said. "This domino effect is still going on, and the hole is definitely getting bigger and bigger, but it is still impossible to estimate how much money and how many people will be involved."

However, 2 1 Century.com reporters visited the units and relevant departments involved in the rumor, and the staff all avoided talking about it and refused to interview. As of press time, the local official has not officially announced the news, and it is impossible to get an exact statement from the official.

3.7 billion black holes

The fuse of the incident originated from the financial black hole of Xiamen Rongdian.

"On the first working day after the May Day holiday this year, a creditor of Xiamen Rongdian led a group of people to collect debts and shouted at the entrance of the building with a tweeter. The creditors of Xiamen Rongdian have been alarmed. " A creditor of Xiamen Rongdian told 2 1 Century.com reporter.

According to its introduction, the creditor who set off a debt storm in Xiamen Rongdian was a native of Nanping, Fujian, surnamed Zheng. In 2008, he lent 8 million yuan to Zhong Mingzhen, the boss of Xiamen Rongdian. Because I owe interest this year, I have no results. Finally, he copied the plot of a Hong Kong film and made a big scene. Before, Zhong Mingzhen always paid interest on a monthly basis.

As a result, creditors came to the door one after another, and Xiamen Rongdian's secret capital chain, which had been painstakingly operated for many years, collapsed overnight, and it was widely rumored that its debt was as high as 3.7 billion yuan.

"The collapse of Xiamen Rongdian is not good for anyone. The creditor surnamed Zheng made everyone miserable. " The above-mentioned creditor said, "Before this, a bank in Xiamen has promised to grant a credit line of 300 million yuan. As long as there is this money, the crisis of Xiamen Rongdian can be lifted. Now that the loan is gone, the company's business has completely stagnated. "

According to the unspoken rules of private lending, as long as the lender can settle accounts and pay interest on time, the game will continue, and the lender doesn't care that the lender is robbing Peter to pay Paul.

There are different legends about which bank will lend Xiamen Rongdian.

Regarding the cause of the financing crisis in Xiamen, Zhong Mingzhen said that this year, the relevant departments raised the entry threshold for financing guarantee companies and required the registered capital to reach 654.38 billion yuan. To this end, Xiamen Rongdian began short-term high-interest loans to make up 654.38 billion yuan to change it into a financing guarantee company. The business scope and loan guarantee multiple of financing guarantee companies are better than those of ordinary guarantee companies.

But this statement has been dismissed as nonsense by many people in the industry. "Xiamen Rongdian has been borrowing from abroad at high interest rates since 2008, and changing to a financing guarantee company just wants to make the cake bigger." A local "gold owner" (private lender) in Xiamen said.

A creditor surnamed Wu of Xiamen Rongdian also revealed that after the Xiamen Rongdian crisis broke out, Zhong Mingzhen's brother Zhong, sister-in-law and husband Chen Gang had disappeared. The reason why Zhong Mingzhen was left to deal with the aftermath was because she was pregnant and the creditors were short of money and could not run away.

"Zhong Mingzhen originally planned to have a baby in Hong Kong, but under the current circumstances, creditors will not let her leave Xiamen." Wu' s creditor said.

However, Zhong Mingzhen, who has been pregnant for 8 months, declared that she would not run away, hoping to determine the debt settlement plan with the help of a lawyer who specializes in dealing with non-performing assets before the child was born.

No matter what the truth is, the creditors of Xiamen Rongdian still have a glimmer of hope compared with other debtors who have escaped from similar incidents.

The person in charge of this matter is Fujian Tiankai Law Firm. Lawyer Zhou Hui, a partner of the firm, said that creditors are currently negotiating with debtors, hoping to reach a suitable solution through this negotiation, which will serve as a model and reference for similar incidents in Xiamen. However, Zhou Hui is unwilling to disclose the details of the crisis in Xiamen Rongdian.

"The debt of Xiamen Rongdian is as high as 3.7 billion yuan, of which the loan principal is about 800-900 million yuan." The above creditors said.

The statement that the loan principal is about 800-900 million yuan was confirmed by another creditor surnamed Chen, but he told reporters that the actual debt is not 3.7 billion yuan, and after deducting water, it is almost/kloc-0.7 billion yuan.

Whether it is 3.7 billion yuan or 654.38+07 billion yuan, except the loan principal, the difference is the high interest generated by the loan.

"The difference between 3.7 billion yuan and 654.38+0.7 billion yuan should be the difference in interest levels. It is likely that after the crisis, lenders took the initiative to cut interest rates, and the interest rate of private lending was higher than the state regulations. " The above-mentioned Xiamen "golden master" said.

However, the reporter asked a number of Xiamen Rongdian creditors, and the other party avoided talking or ignored it. There is no clear answer to the loan destination.

"If calculated according to the principal, there is still a gap between Zhong Mingzhen's personal disposable assets and the creditor's principal." An employee of Xiamen Rongdian said, "Zhong Mingzhen has two large-scale properties and 100 mu of land, and some assets are in other people's names."

However, some creditors revealed to 2 1 Century. com that after investigation, it was found that most of the assets mentioned by Zhong Mingzhen were already in the names of others and were repeatedly mortgaged. Therefore, there are also differences among creditors.

"Xiamen Intermediate People's Court has received more than a dozen cases, mainly to preserve collateral." The person said, "There are hundreds of people on the creditor list, and some people with collateral are not on the list."

Daily interest 1%

How does Xiamen Rongdian "circle" these huge sums?

According to industrial and commercial data, Xiamen Rongdian was established in September 2008 with a registered capital of/kloc-0.02 million yuan. Zhong Mingzhen, born in 1979, holds 49% of the shares, and Xiamen Guangyuanxin Trading Co., Ltd. holds 5 1%, with Zhong Mingzhen as the legal representative. Xiamen Guangyuanxin Trading Co., Ltd. is owned by Zhong Mingzhen's family.

In Xiamen Rongdian, the publicity company was the investment project of Siming District of Xiamen in the 12th China International Fair for Investment and Trade in September 2008.

"It is a common phenomenon for guarantee companies to sell dog meat privately, that is, to absorb private funds at a rate several times higher than the bank's deposit interest rate during the same period, and then lend at high interest rates to earn rich spreads." According to sources, "Xiamen Rongdian's huge debt is actually Zhong Mingzhen's personal loan, and Xiamen Rongdian is only a guarantor."

Many creditors also confirmed that the borrower was Zhong Mingzhen, but the official seal of Xiamen Rongdian as the guarantor was stamped on the loan.

"Before, Zhong Mingzhen was very trustworthy and the interest was paid on time. The money I lent her was 2%, 4% and 5% monthly interest in different periods. " A creditor said.

The rapid expansion of Zhong Mingzhen's private lending scale is inseparable from dazzling ostentation and extravagance and gorgeous coat.

"To do money business, of course, you must believe in your own strength." The above source said, "Anyway, we all use other people's money to attract more funds."

Many creditors still remember it. At the end of last year, Xiamen Yi Ming Group held its founding celebration. Not only Sun Nan, A Duo and other stars from across the Taiwan Straits were invited, but also some government officials and celebrities from all walks of life were invited to join us.

"The venue of the celebration is located in a villa on Huandao Road in Xiamen, where many national leaders have lived." The source said, "Xiamen University Group is named after Zhong Mingzhen's brother Zhong."

Moreover, the office of Xiamen Rongdian has previously moved from a corner of Haicang to the headquarters building of Xiamen Bank on Hubin North Road in Xiamen Island.

2 1 Century. com reporter saw that the office space of Xiamen Rongdian, located on the third and fourth floors of the headquarters building of Xiamen Bank, was luxuriously decorated, and a Buddhist temple was also set up in the office area.

"In the past, more than 60 people worked here, and the treatment was relatively high in the same industry in Xiamen. Now there are only a few people left, mainly financial personnel staying behind." The left-behind staff of Xiamen Rongdian said, "There are several million renovations here, and the monthly rent is 200,000 to 300,000. At present, the rent owed to the owner is more than 500,000. "

According to sources, what got Xiamen Rongdian into a quagmire was that last year, Xiamen Rongdian lent 30 million yuan to a metal products enterprise in Longhai, Fujian Province, which is adjacent to Xiamen, at a high interest rate, to repay the due bank loan, and agreed that the enterprise would borrow from the bank and return it to Xiamen Rongdian with interest. Unexpectedly, after the bank loan has been repaid, it can no longer be loaned. Finally, we had to take the form of debt-to-equity swap, and Xiamen Rongdian invested another 6.5438+million yuan plus the original 300 million yuan.

"This company produces cookware such as non-stick pans, aluminum and stainless steel products, which are mainly used for export. However, after the acquisition, it was found that this enterprise has a lot of invisible debts, and the total debt exceeds 50 million yuan, which makes the burden of Xiamen Rongdian even heavier. " The source said.

After the capital chain is broken, Xiamen Rongdian, which is overwhelmed, is preparing to move back to Haicang.

"When I borrowed money, I boasted that the company was doing this project. In fact, it is a scam from beginning to end, and the company has no business at all. " A creditor revealed that "the monthly interest rate of late loans is above 5%, some as high as 20%, and there are even loans with daily interest 1%."

Creditors believe that the huge money black hole generated by Xiamen Rongdian is rooted in robbing Peter to pay Paul. The longer it takes, the bigger the hole will become. In addition, daily office, reception, staff salaries and other expenses need a steady stream of funds to maintain operation. Even if the original creditor finds the problem, it can only keep it secret because it has been deeply locked in, so as to continue to fool others into getting rid of it.

"It's a matter of time before the outbreak, but I didn't expect it to happen so soon," said the creditor. "I thought that with the backing of the bank, as long as I just got the interest, I could return to my capital in two years at most, but with such a noise, my hope was dashed."

What makes some creditors feel aggrieved is that they reported the case to the public security organ after the recovery was hopeless, but they were unexpectedly rejected.

"Since mid-May, more than 30 people have reported to the public security organs. They have not filed a case and even collected materials. We have all been to provincial offices, municipal bureaus and sub-bureaus. " The above-mentioned creditors said, "With such a delay, many assets have been transferred. We went to the Housing Authority to check. Zhong Mingzhen's property in a building near Xiamen Sports Center was sold to a farmer as early as April 13. "

The creditor said that some influential people also gave Zhong Mingzhen huge shady money to grab high interest rates, and maintaining this deadlock is conducive to their withdrawal of funds.

The vice president absconded with the money.

"The Zhong Mingzhen incident only opened a gap, and more companies and bank staff involved in' reverse lending' will emerge with the domino effect." The source said.

According to its disclosure, guarantee companies and other enterprises can absorb huge amounts of money from the private sector, which is inseparable from the cooperation of bank staff. "Many large sums of money have entered guarantee companies and enterprises, and they are inseparable from bank staff acting as brokers, and bank deposits have also moved."

The specific operation mode is that bank staff introduce customers to enterprises as middlemen or guarantors with much higher deposit interest than the same period of the bank as bait, and draw high commissions from them. Bank staff are most familiar with which customers have deposits and idle funds.

Recently, the vice president of a foreign-funded bank in Xiamen who absconded with money in a branch in Siming District, which was widely discussed in Xiamen, is typical.

"The vice president has been a broker for many years. This time he has absconded with the money for a long time. It is said that the huge capital problem of a financing guarantee company of a state-owned enterprise in Xiamen is also related to him. " The above sources said.

It is said that the vice president introduced a large number of customers to lend money to enterprises at high interest rates on the grounds that Xiamen Xianchu Trading Co., Ltd. needed capital turnover and project investment. He makes a guarantee in his own name, and sometimes even issues a letter of commitment with the official seal of the branch for the enterprise to prove how much money the enterprise has in the bank. If the other party fails to repay the loan within the agreed time, the branch will be responsible for returning the money to the lender.

"This trading company borrowed hundreds of millions of private funds in this way, but its staff said that these are personal loans and have nothing to do with the company. At present, the specific creditor information is still under statistical verification. The largest lender has lent more than RMB 1 billion, most of which are short-term loans with a monthly interest rate of 3% to 6%. In the past, the borrower's credit was so high that many people increased the loan amount. " The above-mentioned source said, "The vice president has disappeared since the beginning of June, and now all creditors have gone to the bank."

The above-mentioned person said that whether the bank has the responsibility lies in the authenticity of the official seal on the commitment letter issued to the lender, and according to the creditor's claim, some loan agreements were signed in the branch.

"This year, the behavior of bank staff as private usury brokers is particularly obvious. The staff of a branch of Xiamen Haicang, a well-known joint-stock bank in China, came to me three times and said that they would introduce customers to me. " A creditor of Xiamen Rongdian said, "Many people around me also have this experience and have done a lot of transactions. As a lender, I still trust the bank staff. "

2 1 Century. com reporter found a bank employee who had just washed his hands recently. Different from other securities firms, she directly acts as a lender, mainly absorbing private funds, and then concentrating on lending to enterprises or individuals who need funds to earn interest margins.

"Last year, the monthly interest on funds raised from others was about 1.5%, and the highest interest was generally no more than 2%. Some people have given an annual income of 15%, and the monthly interest on loans is generally 2% to 3%. " She said, "This year's loan interest is terrible, at least 3% per month, 5% is common, and sometimes it is 10%, and it is all short-term loans with monthly interest."

She also revealed that being a bank employee as a lender has natural advantages, and the information of borrowers is relatively well understood, and investors are more at ease. Even the lenders in society are mostly related to banks.

"It's exciting to make money in this business, but I dare not do it now. Interest is so high, the risk is too great. I saw it, or accept it. " She said, "If there is a big bad debt, we should not only post back what we earned before, but also keep borrowing to make up the deficit. It must not be flawless. Once the capital chain is exposed, it will be interrupted, but even if it continues, we are often eager to pull back and ignore the risks, and the result may be desperate. "

In fact, according to a survey conducted by 2 1 Century. com reporters, due to macro-tightening and tight loans, enterprises have generally encountered the test of financing difficulties and rising financing costs.

"Now the situation of' waiting for loans' is very serious. Even if the bank promises to give a loan, it will not be available for two or three months. " Many interviewed companies reported that "moreover, banks will charge miscellaneous fees in disguise, or require some loan funds to be converted into deposits, or require the purchase of designated wealth management products, which will greatly increase the cost of loans, but as long as they can get loans, they already feel very lucky."

During the loan application period, some bankers will take the initiative to match the company. As long as there are good collateral or guarantors, it is possible to guide and promote enterprises to borrow at high interest rates.

"We know that there are tigers in the mountains, and we are biased towards Tiger Mountain." The founder of a small business in Xiamen said: "Borrowing usury is tantamount to drinking poison to quench thirst. If you don't borrow, you can only watch your business enter a dead end. "

Lawyer Zhou Hui, a partner of Fujian Tiankai Law Firm, also believes that under the existing environment, SMEs will die if they borrow money, and they will die if they don't.

This tightrope dilemma is like a curse, just as the spread of cancer cells breeds a complete usury food chain, and it also encourages one almost identical scam after another.

latent crisis

The wave caused by Xiamen Rongdian and the vice president of a bank branch is still spreading.

"In addition to Xiamen Rongdian, there are at least two guarantee companies in trouble in Xiamen, one of which is rumored to involve an amount of 3.75 billion yuan." The source said, "It is usury that leads to bitter fruit."

However, the rumor has not been confirmed from official channels so far.

"Xiamen is setting up Jinyuan Investment Company, with the purpose of integrating Xiamen's state-owned guarantee companies and changing the status quo of guarantee companies doing nothing." The above sources said.

It is rumored that the first party secretary and chairman of Jinyuan Investment Company will be Xu Xiaoxi, the former president of Xiamen International Trade (600755). Shh). According to the announcement of Xiamen International Trade on June 2 1 day, Xu Xiaoxi resigned as the director and president of the company due to job changes. Xiamen International Trade Co., Ltd. has a wholly-owned subsidiary, Fujian Jinhaixia Financing Guarantee Co., Ltd., and it is logical for Xu Xiaoxi to take the lead in this task.

In fact, due to the lack of supervision, the overall credit level of the industry is low, and the industry integration and rectification of guarantee companies is imminent.

"Basically all guarantee companies are involved in usury." An industry insider believes.

The more serious problem is that it is quite common for guarantee companies to borrow money from each other and cooperate to guarantee loans. As long as a company has serious problems, it is inevitable that both sides will lose.

"Now the funds are tight, and enterprises are generally difficult. In order to repay the due bank loans, some enterprises often borrow from guarantee companies at high interest rates. They want to repay the loan and then lend it to the guarantee company. However, banks are subject to the loan amount and will drag the guarantee company into the water again and again. " The above-mentioned person said.

According to public information, in 2008 alone, Xiamen's guarantee company * * * repaid 232 million yuan for enterprises that could not afford loans.

On the one hand, many guarantee companies are mired in the quagmire, and on the other hand, all kinds of capital flock to the guarantee industry. According to the statistics of Xiamen Economic Development Bureau, at the end of 2009, there were 58 guarantee institutions in Xiamen, but by the end of the third quarter of 20 10, including branches, there were 56 guarantee institutions in Xiamen.

"Before and after the promulgation of the Interim Measures for the Administration of Financing Guarantee Companies, the qualifications of guarantee companies, especially financing guarantee companies, became scarce resources due to the continuous improvement of market access thresholds." The above-mentioned insiders said.

However, the number of new guarantee companies has skyrocketed, and the disorderly development situation has also intensified. The cooperation threshold of banks has shut most guarantee companies out. Previously, the results of a thorough investigation by Xiamen Economic Development Bureau showed that nearly 1/3 operators had almost no related financing guarantee business, 1/3 operators engaged in non-financing guarantee business, and only 1/3 operators engaged in financing guarantee business.

In fact, it is difficult for guarantee companies that make profits from guarantee fees to resist the temptation of high returns from usury.

According to the latest data released by China Banking Regulatory Commission, the average net assets magnification of financing guarantee companies is 2. 1 times. It is generally believed in the industry that the capital preservation is enlarged by 3 times and the profit is enlarged by 5 times.

"The guarantee fee of Xiamen guarantee company is generally between 0.8%- 1%. Who else is not tempted compared to usury with a monthly interest rate of more than 3%? " The above-mentioned insiders said, "Even companies that carry out financing guarantee business are secretly lending usury, which is an open secret in the industry."

The profiteering mode of guarantee companies, in addition to using their own funds for high-interest loans, is more about the promise of high returns, and absorbing private funds for usury through various channels. A guarantee company is both a lender and a borrower.

"The process of guarantee companies absorbing private funds is like pyramid schemes. This chain usually adopts a pyramid-shaped layer-by-layer lending method, that is, A concentrates on lending more funds to B, and B concentrates on lending more funds to C, earning different levels of spreads and handing them over to guarantee companies for large-scale lending. " The above-mentioned person said, "This practice is extremely risky. Once one of the links has irretrievable bad debts, the whole chain will be broken. However, due to alleged illegal fund-raising and usury, lenders rarely choose to report the case even if they lose their blood. "

In addition to guarantee companies, countless companies and pawn shops in the name of investment management and investment consulting have also joined the usury camp to make waves.

2. The reporter from china securities journal learned that in May of 20 1 1 year, near the end of the year, Zhengzhou huanghe road Branch of a joint-stock bank had a heavy pumping task, so the president of the bank made a bold pumping plan.

First, a group of salesmen from guarantee companies are invited to the bank to form a new team of account managers. The advantage is that these salesmen are well-trained and have a large number of customer resources with investment intentions. On this basis, it is necessary to make a high-yield wealth management product, lend the absorbed funds in the form of high-interest loans, and use part of the spread income to pay high interest rates to complete the task of saving.

After the president ordered the recruitment, the salesmen dug up from the guarantee company arrived soon, all of whom belonged to the newly established Second Finance Department. In addition, the self-made bank wealth management product is called "joint wealth management product", and the monthly yield ranges from 1.8% to 4.5%. After everything is ready, the storage operation officially begins.

The account manager of the Second Finance Department will ask the guarantee company to introduce customers to the bank. Mr. Lu learned of the above-mentioned "joint wealth management products" through the introduction of friends of the guarantee company.

In the VIP room of the bank, Mr. Lu was told that the money raised by this wealth management product was used for "bank deposit" and "granting loans to enterprises in need", and the wealth management cycle was short, and the daily interest rate was as high as 1.3%. . Even more attractive, the account manager said that "joint wealth management products" were guaranteed by joint-stock banks.

Under the temptation of "zero risk, high income and good liquidity", Mr. Lu decided to give it a try. On the desk of the vice president's office, Mr. Lu swiped the bank card into the POS machine, transferred 490,000 yuan, and immediately got a financial management contract.

In the following two months, Mr. Lu successfully got the interest, but in the third month, the product suddenly could not be paid. Mr. Lu then went to the bank to consult the former account manager and vice president. The bank told Mr. Lu that none of the former account managers were employees of the bank and the vice president had left.

Mr. Lu felt cold in his heart and felt that 490,000 yuan would be "wasted". When I went home to check the Internet, Mr. Lu found that there was no so-called "joint wealth management product" on the bank's official website. When I took out the financial management contract, I found that it was actually a loan contract for corporate loans. There is no bank as a guarantee in the contract, and the official seal of the borrowing enterprise is also suspected of forgery.

Mr. Lu immediately reported the case to the Public Security Bureau, and the Economic Investigation Detachment of Zhengzhou Public Security Bureau officially filed a case for investigation on 20 12. Mr. Lu later learned that he was not the only one who was unlucky. According to the statistics of customer representatives, this case involved 1 17 people * * * 40.22 million yuan.

After half a year's investigation, the Economic Investigation Detachment determined that the loan contract signed by the vice president of Zhengzhou huanghe road Sub-branch of the above-mentioned joint-stock bank and the account manager of the Second Wealth Management Department in the name of several local companies was a false contract. The vice president was subsequently arrested on suspicion of fraud and illegal absorption of public deposits, and the corresponding property involved was also seized.

Mr. Lu later recovered 6.5438+0.5 million yuan. In April this year, relevant depositors sued the above-mentioned vice president and others to Zhengzhou Intermediate People's Court. They stated in the lawsuit that the above-mentioned joint-stock bank Zhengzhou huanghe road Branch should bear civil liability and legal liability.