Qibatu said that for enterprises with certain strength and land and other assets that are temporarily experiencing difficulties in capital turnover, the government is actively coordinating loan banks to ensure that no capital is withdrawn, no loan pressure is raised, and interest rates are not raised, and through on-lending and extension, and other measures to help them tide over the difficulties.
He also said that cases involving real estate and private lending are just isolated phenomena, and “the overall situation in private lending and real estate is stable and risks are controllable.”
The private lending incident in Wenzhou has made the financial situation in Ordos tense. The most common concern is whether the private lending system will collapse. In Xiao Feng’s view, private lending is unlikely to disappear. At present, there are no signs of a decline. It is just that in the short term, everyone lacks confidence.
A few days ago, the relevant person in charge of the Ordos Financial Work Office said in an interview with a reporter from the “Daily Economic News” that private lending is a spontaneous and hidden behavior, and the government has no way to monitor its scale. Premier Wen’s investigation of Wenzhou shows that the central government has I began to pay attention to China’s financial system, financial system and outstanding problems.
(Editor: Xie Wei)
