Wenzhou Government Guides Shoe Enterprises to Merge and Restructure, Promote Transformation and Upgrade

In response to the recent private loan in Wenzhou caused some debt crisis of small and medium-sized enterprises, and the resulting chain reaction of the collapse of a small number of enterprises, the boss “walks”, the Zhejiang Provincial Party Committee, the provincial government quickly plans to deploy, organize financial coordination, taxation, etc. The relevant departments issued a series of measures to resolve the crisis and boost confidence.

A multi-pronged approach to broaden the ** channels The Zhejiang Provincial Party Committee and Provincial Government recently researched and deployed a package of solutions for solving the problems of SMEs such as shoes and clothing and regulating non-governmental financial order. The political and banking departments have jointly issued a series of specific measures, which mainly include: The first is to effectively solve the hardships of SMEs through measures such as increasing the security of credit funds, reducing the cost of SMEs, implementing a differentiated regulatory policy, and expanding the channels of diversified enterprises. Second, measures such as promoting the standardization of private lending , Standardize non-governmental financial order, strictly control financial risks, and support the healthy development of private finance; Third, accelerate local financial reform and innovation, and support 12 local commercial banks to become a small and medium-sized service through capital increase, stock expansion and listing. The company's professional bank team; Fourth, to promote enterprise transformation and upgrading by increasing fiscal and taxation support, implementation of enterprises to pay social insurance deferment or subsidy policies, and guide mergers and acquisitions and other measures.

Wenzhou SMEs gradually stabilised Wenzhou Municipal Party Committee and Municipal Government urgently dealt with the phenomenon of “walking” by the boss and the phenomenon of business failures. After 10 days of active response, the situation of SME debt risks such as some shoes and clothing has been controlled, and some enterprises have produced. Business began to enter normal. Business owners, who have left, are followed up by the public security, economics, and other departments to do a good job of persuasion and strive to come back to solve problems.

While stepping up support, Wenzhou City severely cracked down on illegal activities such as illegal fund-raising and private debt-induced debt collection, illegal detention, malicious debt evasion, and looting of corporate property. Since September 23, the police in Longwan District have cracked 4 cases of violent debt collection and 7 criminal suspects. These measures have played a good role in stabilizing the people.