Contact us

Company Name:
Lishui Huanqiu Bearing Trading Co., Ltd.

Company Address:
No.11 Shiting Road, Shuige Industrial Zone,Lishui, Zhejiang,China
Contact Person: William

Email: admin@tradebearings.com
Homepage: www.asiabearings.com
Bearing B2B: www.tradebearings.com

email

 

Home > News >

Steel trading business, the bank to court reflects what?

The dog has his day. Earlier banks to control lending to steel trade, nowadays the banks to focus on the prosecution of a number of steel trade enterprise recovery section, set off no small waves in the steel trade industry.
 
According to reports, in the Shanghai area, most recently about 20 steel trade enterprise loans due to inability to pay, several banks to court. The industry believes that the prosecution of this bank to focus on the steel trade enterprise, the original financing in poor condition, some of the steel trading business is worse.
 
In April this year, the Shanghai Banking Regulatory Bureau issued a notice requiring commercial banks to guard against the loan to the steel trading business. , Within the Shanghai Banking Regulatory Bureau gave banks on the tips of the steel trade and industry credit risk, prompting banks to prevent some of the steel trade enterprise fictitious trade background sets (cheat) to take the behavior of bank loans. For a time, the loan of the steel trade is restricted.
 
June 5, the steel trading business, collective open letter to the bank, ask banks and other financial institutions to withdraw its proposal from the fundamental starting to resolve the risk of the industry, not "one size fits all", to maintain the credit stock, continued to give high quality steel trade loan support. The open letter attracted wide attention, followed by the two sides after repeated consultations, the situation has improved.
 
In early July, the Shanghai Iron and Steel Industry Association, said at an industry forum, Minsheng Bank, Shenzhen Development Bank, CITIC Bank has made ??it clear to give full support to the plight of the Shanghai Steel Trade and Industry, for past loans are not shrinking , also referred to the Minsheng Bank agreed to loan lower interest rates to steel traders at more than two percentage points.
 
Not long after, some banks will be more than steel trade, however, report to court, because the steel trade and corporate loan defaults, the absence of timely repayment of bank loans. Insiders said that the Bank focus on the rise in revolt, reflecting the steel trade enterprise credit default risk once again focus on the outbreak.



Other News:
Steel prices continue to consolidation repeatedly quotes will increase
The demand is "nine" market is still difficult now
Steel trading business, the bank to court reflects what?
When the steel micro-cut steel prices bottomed out?
Domestic steel market is still hard to turn for the better now
Jaw Crusher solution of bearing failure
Imported iron ore decline does not change the demand for the release is still sl
The Hong Kong Garrison to respond to the Diaoyu escort petition: firm support fo