Tip of the iceberg of 9.3 billion serial chain security ring emergency Shaoxing.

<P> Guarantee industry seems to be sitting in Shaoxing volcano. .</ P> <P> by the Hualian Sanxin Petrochemical (Hualian Sanxin) Holding Group and Zhejiang Martial Law (Martial Law Group) or reorganization, or bankruptcy caused by the deep impact of the growing spread. .First to be affected is shrouded in Shaoxing County, goes over to cook almost all large and medium enterprises, large enterprises and airtight security network. .</ P> <P> "Despite the mutual security between enterprises in Jiangsu and Zhejiang as prevalent elsewhere, but this seems to be more prominent in Shaoxing, business bigger, the various enterprises through the expansion of mutual insurance for more .The urgent need for funds has become a shortcut - it is more like private enterprises in Shaoxing adult circumcision. "Shaoxing, a security industry who are familiar with that. .</ P> <P> However, Hualian Sanxin and Martial Law Group, crashing collapse, making this period of economic boom in the mutual assistance facilities, impeccable security net to open the gap Dayton. .</ P> <P> surfaced in recent billion secured </ P> <P> Although progress has been re-Hualian Sanxin dawned, but not mean collapse of Hualian Sanxin has Bashen quagmire, because .deeply rooted in the security of its network behind the subject to be knocked down again. .</ P> <P> 2008 年 6 12, Hualian Holdings (000036.SZ) Sanxin Petrochemical Co., Ltd. Zhejiang Hualian on the capital increase to the report, as at the end of 2007, the company's external Internet Hualian Sanxin .Paul combined 1.94 billion yuan, of which the construction of Zhejiang Industry Group Co., Ltd. Seiko mutual insurance amount of 670 million yuan occurred, and Zhejiang South Holding Group Co., Ltd. mutual insurance amount of 500 million yuan place, thanks to the rich Group Co., Ltd. and Zhejiang mutual insurance amount of 7.25 occurs .billion. .</ P> <P> but according to our reporter in-depth investigation, Hualian Sanxin 1.94 billion but the amount of security involved tip of the iceberg. .</ P> <P> after Shanghai Securities News reported, Hualian Sanxin huge amount of risk involved guarantees amounted to approximately 8.3 billion, and this argument has also been confirmed by bankers in Shaoxing. .</ P> <P> "In fact, the Hualian Sanxin stronghold, almost all large enterprises that are associated with security are involved, only the amount of the difference between the size of it." Familiar with the security industry, said Shaoxing .. .</ P> <P> extensive network is backed by the guarantee itself a unique guarantee of Shaoxing culture, and this guarantee is the essence of culture can not really understand the business community, rich, subtle, and complex human relationships. ."The relationship between each company is very close to each other is also know too much." </ P> <P> and a guarantee to the Hualian Sanxin local businesses cautious because of the Hualian Sanxin only provides a more .a small amount of the guarantee against "beating." .</ P> <P> "to Hualian Sanxin do very large amount of the guarantee, though, as our companies a billion dollars for security, but it still is relatively small." Relevant person told the business .newspaper reporter. .</ P> <P> Shaoxing Shi Guilin security industry association is clear that the Secretary-General, to give such as Hualian Sanxin large enterprises as collateral, are on the billion, 10 million did not join the following stuff. .</ P> <P> addition to Hualian Sanxin, Martial Law Group, although the relatively small amount of security, but also reached about 10 million is huge - and so, from the superposition of the two companies involved in guarantee amount actually reached .Surprisingly, over 90 billion. .</ P> <P> For this figure, Shaoxing University, said Chen Weihong Yuan, vice president of training because of Martial Law Group Leader Tao Shoulong couple Jiangsu, the Shaoxing human security and cultural integration was "not enough heat." .</ P> <P> deeply rooted in the security tree </ P> <P> understanding with our reporter, showed two complete "pyramid" shape of the tree is clearly visible security. .</ P> <P> If the top of the tree is Hualian Sanxin and Martial Law Group, then the first layer of the tree is guaranteed to the companies or mutual insurance companies, including Jiangsu Huaxi Group Corporation ( .West Group), Union Holdings, Zhejiang Prospect Holdings Group Limited (Outlook Group), Lee Zhejiang Gabriel Holdings Group Limited (Canada Burley) and other shareholders, and the Far East Zhejiang Chemical Fiber Group (Far East synthetic), Zhejiang Cifu Group .Co., Ltd. (Zhejiang thanks to the rich), Construction Industry Group Co., Ltd. Zhejiang Seiko (Seiko Construction Group), Zhejiang South Holding Group Co., Ltd. (South Holdings), and other related companies. .</ P> <P> Shaoxing told reporters on the local banking sector, Outlook Group, Burley added to the amount of guarantee provided by Hualian Sanxin were at least 20 billion yuan and 1.5 billion, and Hualian Sanxin to the Outlook Group .Canadian Burley security is a relatively small number of 1 billion and 2 billion. .</ P> <P> "But the problem is, in addition to Hualian Sanxin to be secured, the Outlook Group Canadian Burley has also been secured for other companies, such guarantees plus the total external Burley reached about .20 billion yuan, therefore, of which 500 million yuan is the guarantee to other businesses. "The source said," and in addition to the increase Burley Hualian Sanxin about 2 million guarantee, it has also received about 6 .million guarantee, and the Prospect Group, a Canadian Burley mutual guarantee between the existence of the circumstances. "</ P> <P>.