Housing enterprises
The core enterprise of Shen Shi and his son is Zhejiang Xingrun Real Estate Investment Co., Ltd. (hereinafter referred to as "Xingrun Real Estate"), and there are many affiliated enterprises or project companies in the local area. This matter quickly attracted the attention of the outside world, and the "crash" of Xingrun Real Estate was regarded as a sample of the gradual turn of the property market, especially small and medium-sized developers.
According to official data, of the 3.5 billion yuan debt, banks have more than 2.4 billion yuan, and private loans with factual evidence reach 780 million yuan, involving 98 people, including 7 government officials. The total number of banks involved is *** 19, distributed in Fenghua, Ningbo and Hangzhou. The largest bank loan amount is CCB, exceeding 65.438+0.2 billion.
The protagonist of Xingrun Real Estate Event is Shen Caixing, a native of Xiangshan County, Ningbo City, Zhejiang Province, born in 1953 10/0/0/0/8. Before the incident, he was a member of Fenghua CPPCC and president of real estate association. 1971August, former chairman of Zhejiang xingrun construction co., ltd. (legal representative) ..
Last June, 5438+0 1 and this June, 5438+0, Shen Shi and his son were arrested by the local police on suspicion of illegal fund-raising. At present, the case has been handed over to the procuratorate by the local public security.
2 1 ~ According to the investigation by the reporter of the Century Business Herald, the break of the capital chain is not unrelated to Xingrun Real Estate's previous high-priced land acquisition, the slow return of high-end projects and the contraction of bank credit.
Another incident that was ignored by the outside world around Xingrun Real Estate was the murder of Fang, a partner of Xiangshan Project developed by Xingrun Real Estate. The local police said it was suicide. A person close to Fang revealed that Fang was involved in usury, real estate, entertainment and other fields. Family members still have doubts about Fang's "suicide".
This is like a chain. The incident uncovered the hidden fund magic bottle of the developer, and the suspected illegal fund-raising behavior of Shen Shi and his son was also exposed, which even attracted the attention of foreign media.
On March 18, the official micro-announcement of the central bank said that some foreign media reported that the China Central Bank held an emergency forum to rescue small real estate companies, which was not true, and the People's Bank of China did not participate in the risk disposal related to Zhejiang Xingrun Real Estate.
Some media verified with CCB, the main borrower of Xingrun Real Estate, that the "emergency meeting" was actually a communication coordination meeting led by the local government and attended by the local banking regulatory bureau, Fenghua Branch of the People's Bank of China and CCB.