Germany is the Department of Qingdao Port Piandai
nonferrous metal ring more cases may expose the bank to verify the water at
"replacement" late "for fly Son" further inspired another speculative practices in the modern financial operation, there is a huge risk. Zhang Heng Year / Photography
Qingdao Port burst out, "Germany is the Department" companies use non-ferrous metals warehousing single repeat fraudulent loans to banks secured event. Germany is now the actual control system has been relevant Chen Hung-based control, Piandai amount currently exposed only reached 16 billion yuan, involving 18 banks.
18 banks, 16 billion yuan Piandai capital - since early June has been exposed, "Germany is the line" Piandai case Qingdao Port, the key growth data several times, currently staying here. But local trade, banking sector concerns, given the current case has just started the investigation, I am afraid that this set of numbers will grow.
As whereabouts of these huge amounts of money, in addition to Chen Hung-based gambling losses, insiders pointed out that the limited capacity of its blood industry, and traveling around the game a long chain of loans, loan funds will eventually be swallowed. The "beautiful line" with the German real estate section after being accused of close ties to the Department, but in reality had achieved "complete" cut.
Qingdao Port evaporation 300 million market value was
"I just met David and Chen Ji, he was taken away." two informed sources confirmed to reporters that "Germany is the line" actual controller Chen Ji Hong, is relevant with the April 25, 2014 to go. After the news broke, including a number of banks, including the creditors continue to Qingdao harbor view, which leads people to quickly find duplicate lines mortgage problem is Germany, after banks, ports were reported to the police.
reporter from the local interviews confirmed that the current base Hung Chen himself was not under police control in Qingdao, but local police task force has been stationed in Germany is the Department's headquarters office is located in Qingdao.
located in Hong Kong Road, Qingdao 87 Square was built to fly the northeastern side of the German office before being Resources Holdings Limited, a building security, said the company currently has dismissed all employees receive salaries after a month ago, followed by Local police task force settled, some employees were asked to cooperate with the investigation.
two Podocarpus be planted across the door, "Germany is resources," the word on both sides of the screen wall, beautifully potted everywhere in the yard. The spacious office door behind empty foreground is "Tak-shing Mining Company Limited" and "De positive Resources Holdings Limited" two rows Tongzi.
public information display, NCN Mining is a wholly owned subsidiary of Germany are resources, and NCN Mining is currently Qingdao Port Piandai case the protagonist - the company with its warehouse in Qingdao Port of bauxite single, repeat the number of bank loans, credit loans and have some "insider trading" taking the.
According to the reporter, Qingdao City has set up headed by the deputy mayor, the Working Group Finance Office, the Public Security Bureau, the Procuratorate and other multi-sectoral coalition, in addition to one designed to deal with the debt problems of disposal group. About a month ago, the Working Group had convened a meeting a number of banks, in this meeting, each row lines to Germany are being brought together for the first time the amount of lending.
as 16 billion yuan this data was disclosed, the seriousness of the situation was highly stressed internal and Qingdao City Bank received dual instruction, shall not accept media interviews.
However, reporters from a number of banksconfirmed, after the media broke the basic accuracy of the data. Shandong Branch of the State Export-Import Bank is considered to Germany is around 4 billion yuan Department loans, while Bank of China will lend one billion yuan, in addition there are 16 banks in Qingdao to its loans, a minimum of four fifty million yuan also - - but there is no positive response to the data bank.
for repeat mortgage problems, say bankers in general, in that the base Hung Chen was taken away by authorities after the early May bank will continue to Qingdao harbor view.
"Banks come to see mortgage bauxite, copper, find duplicate mortgage problems, we have reported the matter and the bank." Qingdao Port Group staff revealed. The media coverage of this issue of the season, a time when 6 June Qingdao port after Hong Kong Stock Exchange Main Board listing, the result will be a listing of its shares dropped significantly, the market value of up to 300 million yuan was evaporated.
Qingdao Port Group and then publicly release information, the police confirmed that the problem is indeed a single warehouse in the survey is repeated loans, but the Group's business as normal.
If Qingdao Port Group's share price presents this event the most obvious "break", then copper prices, changes in bauxite prices on the international market affected the larger surface.
after the initial drop as the decline in value, repeat storage behind a single lending reflects "Void Storage" Let the corresponding non-ferrous metals trading volume and prices rise - but foreign media analysis, the rebound will be relatively slow, and more beneficiaries to other terminals and China, Qingdao compete.
some international logistics companies began to change cargo storage point. This is considered to be a more long-term effects of breakpoints - Qingdao, China or are actively strive for more, bigger International Trade warehousing companies settled the matter but it is a result of leaving. The restoration of trust will be a difficult process.
warehousing single repeat mortgage
According to local people in contact with the police task force had revealed that at present this information in addition to bank lending data, the other one being investigated, that is repeated in the warehouse mortgage lending sectors exactly how to do.
but this is definitely not play in the non-ferrous metals trade secret circle - many years ago, steel trading business has to be developed to the point to be added, the positive features of the German system, but in the number of banks involved, the amount of financing its more rare only.
"now, is two, one single repeat mortgage warehousing, and second letter of credit facility, the first two games are played are more mature, there are patterns." Many traders described in detail to reporters. " play. "
Back in the 1990s, when the steel trade due to the lax regulation on smuggling in varying degrees widespread, rapid growth of trade, port, warehousing, logistics and multi-task in order to facilitate and improve efficiency, together enable the "change goods "" for flying child? musical alphabet, the local dialect, Luetong label? "approach. That is according to the goods piled position to facilitate the operation of the principle of all different goods, as long as the same quality, can be replaced, the operation is needed to replace the lost records of shipping, warehouse labels, the owner of information "flying son." The "hanging fly Son" refers to the goods has not been to Hong Kong or transfer its trading and transportation information label.
"flying sub" will be hanging on every pile of goods in the transaction process is carried turnover and void - a few hundred years ago, the label appears in the dock, with the complexity of modern transaction process, in abroad has evolved to strict regulatory controls. However, in some domestic terminal, the "flying sub" Management is still not precise enough, with all the honors of Qingdao Port, apparently its management is also behind the international advanced enterprises.
"replacement" "for flying sub" This was originally a way to facilitate the dock work is still in use, but later further inspired another speculative approach, namely the use of this "on the fly Son" manage the inevitable confusion, a lot of people taking advantage of holding a "flying sub" in the trading process in order to cheaters.
this little scam was originally quite Pier color, and in the credit support, the final few real damage. But in the modern financial operation, but there is a huge risk, such as the mortgage was repeated bauxite, copper,customized wristbands, its storage alone is repeated out for different bank loans.
long loan short-term loans more roll more
"key repeat play is to clear all aspects of the mortgage, for example, you ask the staff leadership and is responsible for a large bank lending to dinner, the dinner and talk big fiery leader, while giving staff some money, do you think this staff will care about your mortgage repeat it? leadership he will think you are so familiar, he had interests, certainly not deliberately make things difficult for you. "a local trader said, finally able to get the number of repeat mortgage financing, it depends on what How many loans to banks and the financial costs behind.
In addition to repeatingmortgage, another play is credit, this transaction certificate issued by the bank, the bank can be achieved from foreign currency financing. But which is characterized by short-term, but at most six months.
and want to get letters of credit and financing to achieve this, you need to have a corresponding transaction, and well documented. This play is slightly complicated, but the base for Chen Hung concerned, certainly will not be a difficult task.
"at least three companies, one of which must be unrelated, then as bureau together, so that a number of goods traded back and forth, deliberately changing what the price, this is higher than the market yield spreads, has become a reference of the loan amount value. "introduction of a local bank executives said that such loans because of short-term and focus on cargo transaction process and intentions, often require a number of enterprises to participate in, and if something happens during the flow of funds, there will be something like" pass the parcel "-like disaster.
simply say that when Chen Hung base to obtain short-term loans based on false trading on the letter of credit, once the transaction itself did not happen, and the goods have not been realized to achieve the appropriate profit, you may face repayment pressure. But fortunately he can under their control with the aforementioned other companies make the same loans, so as to continuously change hands postpone repayment period, but the corresponding financial costs will increase, let alone their transactions arising from taxes - which will increased costs a lot of money.
"long short-term loans also, this play, like drug addiction, once started, can not stop, snowballed, lending more and more money, more and more interest, more backward the greater the pressure." familiar with Chen Hung's base person said Chen during the end of 2013, a serious physical illness, went to Europe last resort treatment, but they leave marks on the face, then again went to South Korea to do a mini-facelift.
Many people are familiar withbase Hung Chen confirmed to reporters that they had been witness to Chen overseas gambling scene, called gambling by nature, this crazy playing with his late Mind similarities seem to exist on bank loans, but the bank loans to play Later, the result is absolutely not stop.
According to Bank sources, in addition to the base Hung Chen, the enterprise has been found in another play entirely consistent with Chen Piandai. "This is to the good economic situation in previous years, a wide bank lending, but also on non-ferrous metals and related this circle, with a base Hung Chen, there will be a second." The banking source said, with Germany being checked Department Qingdao port or National Nonferrous Metals circle "Chen Ji Hong," who will be out of the water may be in the banks to tighten verification.
foreign media reports, focus on doing the same aluminum, copper, etc. a domestic port, also began carefully checking the existence of such duplicate mortgage lending. June 27, more foreign media reported that China Audit by some Chinese gold enterprises survey found that 944 million loan and financing transactions related to illegal gold, 25 gold processing companies make a profit.
this information, the risk of non-ferrous metals become important tips for foreign trade transactions. The other According to sources, there are at least two listed companies involved in the matter.
6 月 26 evening, Mountain Coal International announced that the company's wholly owned subsidiary Shanxi Coal coal in developing international trade alumina and domestic trade process, due to lower customer fails to pay the due payment contract, which filed on June 25 to the Shanxi Provincial High Court litigation, litigation amounts were $ 120 million, 352 million yuan RMB? total of over 10 billion?. And one of the defendants in this lawsuit is Qingdao Tak-shing, that in this case the protagonist Piandai Qingdao Port.
Obviously, this Piandai events affected the evolution is far from over.
