Rebirth of the Financial Crisis Sweeping the World

Chapter 322: 322 bankruptcy wave broke out! Wade Zhou

  Chapter 322 322 Bankruptcy erupts! Wade Zhou was shocked!

  After some arrangements, Wang Guanxi also left the Heishan Group.

  Today is the Double Ninth Festival, and many Hong Kong people also return to Guangzhou to worship their ancestors.

  A lot of cars traveled on the street early in the morning.

  Festivals in Hong Kong are generally closed according to Chinese customs. Tomb-sweeping Festival is a spring festival, and Chongyang Festival is a holiday, which is logically an autumn festival. Therefore, worshipping the mountain on Chongyang Festival is a long-standing custom for Hong Kong people.

  Chongyang arrives, Hong Kong citizens or their families climb high, or sweep graves to worship their ancestors.

  Tomb sweepers mostly take one or several families as a unit, and bring a wealth of sacrifices and incense candles to worship their ancestors.

  This year, both parents are busy in the Shenzhen Textile Industry Group in Shenzhen City, and they have already settled in Shenzhen City, so they will worship their ancestors in Shenzhen City in the morning and return to Hong Kong in the afternoon to make sacrifices again.

  Wang Guanxi bought two bottles of water, then took a taxi and returned to Shenzhen.

  Back to the villa of Yinhu Villa in Shenzhen City, it happened to be 8:10 in the morning.

  The two nanny invited at home have basically prepared everything.

  Respectively roasted pig, three animal wine rituals, and utensils such as tableware, cups and plates, sickles, etc. At the same time, two copies were prepared, one for Shenzhen market and one for Hong Kong.

  Mo Yunzhen and Wang Junming have also got up.

  Recently, I have been busy in the Shenzhen Textile Industry Group. Today, on the Double Ninth Festival, plus the National Day bonus, the Shenzhen Textile Industry Group has a special holiday for three days.

  Mo Yunzhen walked out and said, “I’m finally back. How nice you came back last night. You don’t have to wake up so early this morning. Have you had breakfast?”

   "Eat," Wang Guanxi replied.

  Mo Yunzhen asked again: "Are there traffic jams in Hong Kong today?"

  Wang Guanxi said: "It's not very blocked"

  Mo Yunzhen breathed a sigh of relief: “That’s good, we have to go to Hong Kong to worship in the afternoon, and the traffic is too congested.”

  Wang Junming said: "Let’s go, go to worship first, and rush to Hong Kong’s cemetery mountain at noon."

  At this time, a voice came.

"Wait for me!"

   "I also go to worship, let the uncle bless me to continue to make a fortune next year"

  Cousin Wei Dezhou also came.

  Originally, Wei Dezhou did not worship on the Double Ninth Festival, but only on the Ching Ming Festival.

  Speaking of, he didn't go to worship on the Ching Ming Festival a few years ago, because the mess was so bad that this ancestral grave did not bless him.

  However, when I went to worship on Ching Ming Festival this year, I made a fortune this year and was worth tens of millions. It is reasonable to say that it must have been the grave of the ancestor.

  But he didn't think he was his father. Grandpa blessed him, because he had been worshipping for many years before, and he was not developed. After paying a homage this year, he has developed.

  He developed this time together with his cousin Wang Junming.

   And this uncle, Wang Guanxi’s grandfather, must also be underground for blessings, this time he will worship, and strive to continue to develop next year.

  Wang Junming said, “You haven’t worshipped for many years. Remember to repair your grave this year.”

   "That's natural." Wei Dezhou smiled: "Today I happened to mow the uncle's grave."

   Then he said to Wang Guanxi: "Guanxi, be my car, let’s have a good chat"

  "Good" So Wang Guanxi got into Wei Dezhou's car.

  Then two Land Rover left Silver Lake Villa.

  Arrive at the destination in an hour, here is a tomb.

  Find the grave, then clean the weeds around the grave, sweep out the rubbish, and start worshipping.

  "Uncle, bless me to continue to make a fortune next year." Wei Dezhou knelt before the grave.

"Dad, I will give you incense and worship every year. You will finally give your strength this year. Otherwise, I will be unemployed and I won't have time to repair my grave this year." Wang Jueming recalled the hardships of these years. He planned to stay here before. The Shenzhen stock market down payment for a house of 2 million. Fortunately, he didn't do this at the time. Otherwise, the house price would plummet and he would lose his job.

  Following Mo Yunzhen, Wang Guanxi also offered incense.

  After the worship, everyone had lunch in a restaurant.

  At lunch, Wei Dezhou brags, saying that he has discussed several big projects with several bosses, and several bosses of listed companies have asked him to cooperate and want to give him orders.

  Although there are various factories, machinery and equipment in Shenzhen Textile Industry Group, it is only a small company now.

  Due to the impact of the financial crisis, orders across Southeast Asia have dropped sharply. The entire Shenzhen Textile Industry Group had previously undergone major layoffs. Now it has less than 200 employees and very few orders. Only one production line is in operation.

  Under the efforts of the former chairman Zhou Hongtian, the entire group company loses 100,000 yuan every month.

Because the order is so small, a long-term line requires 50 people, and the company still has 200 people, plus the maintenance of the plant, machinery and equipment, and various expenses, it needs to spend 700,000 per month, and the revenue brought by the order It was 600,000, and the net loss was 100,000.

  Fortunately, most of the employees who have no work to do are paid the minimum wage, otherwise they will lose more.

  Now wait for the economy to improve, and then foreign customers will give a lot of orders, or they will continue to lose money.

Wang Guanxi said: "Uncle cousin, don't talk about it. The financial crisis is very serious now. Even if their bosses give you orders, you should not accept them for the time being. If they default on the project payment, then Shenzhen Textile Industry Group Ruined"

  Widezhou took a breath after listening, and said: "Is this financial crisis really that serious? When will it end?"

   "I don't know when the economy will improve!"

  After speaking, he lit a cigarette.

  Wang Guanxi said: "Uncle cousin, now the United States has rescued the market, wait."

  Weidezhou sighed: "I don't know when to wait."

  At this time, a lot of heavy news came.

  Hong Kong Wen Wei Po: [Hong Kong-owned factories flooded by the economic tsunami]

  The Hong Kong industry estimates that in the face of the financial tsunami and credit crisis, more than 10,000 Hong Kong-funded SMEs in the Pearl River Delta will face bankruptcy.

  【Closes are not uncommon, and the boss frequently runs away】

  【A large number of European and American orders have been cancelled and the payment has not been paid, the Pearl River Delta is facing the most severe moment in 20 years】

At the beginning of this year, a warning was issued in response to the outflow of migrant workers and the difficulty in recruiting enterprises. Unexpectedly, just over half a year ago, this problem has been replaced by the closure of enterprises and wages owed by workers. Hong Kong-owned factories are the first to bear the brunt, in many factories. According to the boss, the current situation is just the tip of the iceberg.

  【The wave of bankruptcy of small and medium-sized enterprises has not yet reached the most serious time】

  [Hong Kong-owned factories start to close down]

  Since 2007, Hong Kong's manufacturing plants in the Mainland have shown signs of decline.

  The factories set up by Hong Kong companies in the Mainland are mostly processing trade. Most of these manufacturing companies rely on low cost and low technology to occupy the market.

  As the financial tsunami continued to spread this year, demand in Europe and the United States dropped sharply, and the survival dilemma suddenly turned into an existential crisis.

  At the beginning of October, the crisis spread to large listed companies, such as Youwei International, Tailin Radio, Jinzhizunzhu, etc., and the closure of two large factories under Hejun Group in Dongguan, finally pushed this issue to the public.

  According to data, at the end of September alone, nearly 50 Hong Kong companies filed for bankruptcy and liquidation.

  According to the estimation of the Hong Kong Industrial Legislative Council, in the face of the financial tsunami and credit crisis, more than 10,000 Hong Kong-funded small and medium-sized enterprises in the Pearl River Delta will face bankruptcy.

  For this reason, Chen Zhenren, chairman of the Federation of Hong Kong Industries, said: Among the 70,000 Hong Kong-funded enterprises in the Pearl River Delta, one quarter, or 17,500, may close down by the end of the year.

   "No one wanted to leave last year. Now some companies can't survive if they don't leave." A managing director who cleaned up the factory and returned to Hong Kong was sighing.

  Xinhua News Agency: [The boss "runs away" and the government advances wages]

  The case of "Yijinli" producing high-end watches is quite typical.

  As a Hong Kong listed company, after publishing a good quarterly report, it suddenly suspended trading a few days ago, and then announced that it had sold its sales outlets to Chow Tai Fook, a company of the Zheng consortium, and the factory also closed down.

   "The high-level bosses in Hong Kong are no longer found", a helpless worker will all classify it as a "run away" category.

  In fact, Yi Jinli's situation is not bad, and the brick family explained that “the boss did not escape, but remained silent”.

  According to the reporter's investigation, it seems that the phenomenon of business bosses "disappearing" has become commonplace.

  Last week, the Shenzhen Municipal Labor and Social Security Bureau exposed a list of 30 employers, all of which were in arrears with their employees, and required the legal representative or main person in charge of the unit to accept legal actions within 30 days.

  According to local sources, the reason for this is that most of the heads of these 30 companies have disappeared, and the government has already paid tens of millions of yuan in arrears.

  Many workers choose to stay behind to defend their fixed assets. Unlike workers’ helplessness, some people have become the winners of this wave of “closures”, at least minimizing their losses.

  "The warehouse management of the engineering department of the factory started to steal at least more than 500,000 yuan of wire and cable and stainless steel last month." In a deserted Hong Kong-funded factory courtyard, Wang Mou, a worker who is still staying behind, said with emotion.

  And several other workers said that people from the company’s security department also took the opportunity to steal.

  It is understood that although some bankrupt companies have been liquidated by legal institutions, the phenomenon of asset theft is still emerging.

  In this regard, a local bystander said, “This kind of thing is very common, and many of them are instructed by the boss to transfer assets!”

  Because of the bankruptcy and liquidation of the enterprise, that point of fixed assets has become the last guarantee for the creditors, so all parties are staring at it.

  For example, the Hong Kong-owned factory Behringer, which was entrusted on October 2nd, had a situation where workers teamed up to compete with suppliers for goods.

   “While finding the boss for debts, but also having to do security work concurrently.” Some workers said helplessly.

  Everyone was eating lunch and feeling the impact of the economic crisis!

  The economy is getting worse and worse, and the economic tsunami has swept across it.

Wang Junming said: "This loss is 100,000 per month, and we still have 30 million on the books. It is no problem after five years of loss. Now the economy is getting worse and worse. The news is right. Nowadays, many companies are going bankrupt, especially Hong Kong-owned factories"

  Mo Yunzhen also said: “Fortunately, you laid off 1,000 people before, otherwise the daily expenses are not only the salary, but also the food and electricity bills.”

  She is the property manager of the group, and she feels distressed every day watching the money go out continuously.

  Fortunately, we have laid off 1,000 employees before, otherwise the company has no orders, and we don’t know what the loss is.

  Wang Guanxi said: “Now the group company loses 100,000 yuan a month is good. Now I don’t know how many factories are closing down. Hey, you can buy a few small factories and machinery and equipment at a low price.”

  Now the tide of bankruptcies has broken out, and the housing prices are unsightly. After he finishes his work in Hong Kong, he will come to the mainland to hunt down a few buildings.

  No money, you can borrow money from the bank!

  Black Shirt International Trust Company can take out loans, and buy the bottom of several buildings in Shenzhen, Guangzhou, and Lu. Think about it and look forward to it.

  Although the market value of Heishan International Trust Company was not high when it was acquired, and it spent HK$2.9 billion at the time of the acquisition, Heishan International Trust Company’s assets are high.

  Total assets are 1.55 billion US dollars.

  Total liabilities are USD 572 million.

   While listening to Wang Guanxi’s words, Wei Dezhou nodded: "Yes, it is true, I actually have this plan, old watch, what do you think?"

  Wang Junming said: “I’m the one who engages in technology. Leave this to you. If you buy it, buy it.”

Wei Dezhou said: "Well, then we will buy a small factory. Anyway, there are still 150 people in the company who are eating idle meals and have no work to do. It is really good for them to work. Hey, it should be possible to get a few small production lines. ."

  Have lunch.

  Mo Yunzhen and Wang Junming go to prepare for the afternoon worship in Hong Kong.

  Wei Dezhou asked Wang Guanxi who was drinking tea: "Guanxi, how many girlfriends do you plan to have?"

  Wang Guanxi: "How many?"

  Weidezhou said: "Well, how many?"

  Wang Guanxi thought for a while and said, "I don’t know for the time being."

  Weidezhou immediately said: "I'll tell you, make a girlfriend as soon as possible, and make a few more, you will know what kind of girl you like and what kind of girl is right for you."

   "Uncle, I was handsome back then, with good grades, so many girls like me, but I missed one girl after another"

  "Now they are either having big bellies, or their children are in kindergarten"

   "And I'm still single now"

   "I used to think about making money, but I forgot to let the girl I like give birth to a baby"

  "I am rich now, people are old, and single"

  Wang Guanxi said: "Uncle cousin, you are not too old, that is, you are just over thirty."

  Widezhou sighed: "Oh, I'm over 30 years old, I think of Little Bubble Girl, people think I am old, hey."

  Wang Guanxi: "."

  At this moment, Wang Guanxi is very speechless. Is this cousin's body a problem?

  Can't have a baby?

  Wei Dezhou also said: "If I can come back to life, I will definitely not be a good old man, and I will not miss one girl after another who can give me children in the innocent youth."

  Wang Guanxi: "Uh? What do you want to do?"

  Wei Dezhou lighted a jade seal cigarette, looked into the distance with nostalgia, and said deeply: "Being a scumbag, let's not talk about owing, we will not fail to meet."

  Wang Guanxi was taken aback: "Uncle Cousin, you are quite literary"

   Then he asked: "Do you understand what I mean? Can you feel it when you are young?"

   "Oh, you just think it sounds good, it's art and art, this life, you still can't experience it"

  After finishing, Wade Zhou flicked the cigarette butt, looking like a vicissitudes of life.

  Wang Guanxi said lightly: “There is no scumbag in the world, I just want to be happy with the girls I like”

  Weidezhou was shocked and looked at Wang Guanxi dumbfounded.

  He never expected that Wang Guanxi could say such a connotative and thought-provoking statement, which is very, very reasonable and convincing.

   "There are levels!"

   "I rely on, you really have a realm, cousin, I had the consciousness like you back then."

  Wang Guanxi smiled and said, “It’s not too late now, cousin, you’re only 31 years old.”

  Wei Dezhou sighed: "I'm old, old, my cousins ​​have worked hard to make money these years, watching people give birth to other people.

  "Don't talk about it, I'll go to the hospital"

  Wang Guanxi: "."

  (End of this chapter)