Home >

Zhu Da Ming: Usury Is The Heart Of China'S Economy.

2011/9/6 8:33:00 29

Usury

It has swept across the economy, and even listed companies have begun to usury. This proves that the cost of production in China is rising rapidly.

People's network announced that the Times published a notice on entrusted loans issued before the 60 million yuan will be delivered to the Bank of communications Anhui branch lending, the annual interest rate is 24.5%, quarterly interest payments.

The loan interest rate published in the era is 3.88 times that of the bank loan rate.

Xiang Yi Rong Tong

The 21.6% year interest rate remained the highest annual interest rate for all A listed companies.

According to market information, as of yesterday, there were 117 announcements of entrusted loans issued by listed companies, involving 64 listed companies. Among them, there were 35 loans over the same period, with a total payment of 16 billion 935 million yuan, an increase of 38.2% over the same period.

In the past, we have pointed out many times that many listed companies do not make the main business. Instead, they take large amounts of credit out for lending usury and speculation, and now it has basically been verified. These companies are just the tip of the iceberg, and the ice is bigger.

But under such a background, there is also a manpower map for usurious loan.

For example, some people say that the loan sharks are unfair. Usury is not a devil. It should be seen as a useful supplement to the financial market at this stage.

The reality is that SMEs must extend their hands to usury.

First, small and medium enterprises are short loans, long term, one year, must be expired.

Loan pfer

To ensure that they can continue to lend, they will be exposed to loan sharks.

Two, business is in urgent need in the short run. The bank lending procedures are cumbersome and the usury is relatively fast.

Three, when small and medium enterprises are very tight capital, no usury can not work.

Others should publicize that usury should be rehabilitated.

Small and medium loan companies have always been very active in all trades and professions.

Even in the 2007 and 2009, where capital was very abundant, usury was also thriving.

The Chinese government and the public will surely see that small loan companies as an industry contribute significantly to supporting small businesses and agriculture, rural areas and farmers.

Mao Yushi unexpectedly

subversion

"The main obstacle now is that people think that usury is exploitation.

He does not understand that usury is to create wealth for the society, and is a good thing to benefit others, to benefit the country and to the people, and to play a very important role in the prosperity of the economy.

It can not be denied that the existence of usury has its own survival environment. First, unfair lending leads to very large demand for usury. A large number of small and medium-sized enterprises can not get credit, and can only borrow money from usury. A large number of large enterprises and large groups do not need so much credit. They are very keen to make money in order to lend money and stir up profits.

Secondly, the highly monopolized financial industry leads to the lack of capital supply, and the more money is needed, the more they tighten the floodgates and force the market to borrow usury.

Third, accidental incidents such as natural disasters and man-made disasters also provide strong demand for some usury.

However, an unreasonable situation does not mean that his existence is reasonable.

What is irrational and lies will not last forever.

We have the ability to change this unreasonable situation. Why not change it? Instead, we always emphasize the objective situation and not improve it.

For example, the monopoly of the financial industry, no competition is the source of decay, this is the natural law, but also the economic law.

Prosperity comes from competition, not from protection.

Power protection can only show off for a while, and will eventually be cast aside by others.

With the improvement of people's self-consciousness, it is no longer effective to do that dogmatic principle.

Usury must be changed, otherwise China's competitiveness will be damaged, and it may eventually lag behind again.

Recently, vice president Xi Jinping asked us to study history, especially modern Chinese history.

Why we should learn this humiliating history is to tell people that the Qing Dynasty also experienced Kangxi and Qianlong flourishing times, but at that time social monopoly and corruption had tortured the eastern lions to become sick men in East Asia.

Usury is a corrosive profit model. It damages not only the foundation of the whole economy, but also the operation mechanism of the whole society.

Although blood sucking worms also remind the host not to be too lazy to be positive, but for hosts, the blood sucking worms are always pests.

We have pointed out many times that usury is ravaged by a financial crisis.

The underground financial system is engulfing the profits of industrial capital.

The activities that are not subject to financial supervision are too prosperous, which will create various kinds of loans and quasi currencies, which will greatly increase the liquidity risk of the market and even erode the whole monetary policy and credit policy.

Nowadays, more and more evidences prove that the existence of usury and the substitution of stocks and speculators become a new trend. We are more worried about the industry under this rash, and they pass the high cost to the scourge of consumer price.

Usury is not a matter of the two sides, but a major problem of the whole society. It is a major problem that we should face before us to strictly curb usury and improve the financial environment.