浙江企业“担保链”问题分析

The Analysis on the Financial Security Chain Problem in Zhejiang Enterprises

浙江企业间的担保互助融资现象由来已久。但区别于以往,目前浙江企业"担保链"已超越了单纯的连带责任担保,并且隐藏了大量的交叉互保现象,甚至形成隐性担保圈,涉及面广、问题复杂。从目前情况看,企业担保制度并不是浙江担保链风险的症结所在,真正的危险是担保链上企业的主业现金流、自身资产累积与企业整体债务水平及对外担保额不匹配而造成的虚假繁荣。

The phenomena of mutual guarantee financing has a long history between Zhejiang enterprises. However, it is different from the past that the present financial security chain in Zhejiang enterprises has surpassed the simple joint and several liabilities guarantees and hides a large amount of stagger mutual guarantee, even forming invisible guarantee circle which involves many aspects and complicated problems. At present, the system of enterprise guarantee isn＇t the real key of Zhejiang financial security chain .Instead the risk lies in the main finance source of the enterprises in the chain, the accumulation of their own asset and the false prosperity caused by the mismatching between their overall debt levels and external guarantee limits.