Smart Union collapsed: the financial tsunami is not all to blame - toys, financial crisis - the toy industry

Smart Union collapsed: the financial tsunami is not all to blame - toys

, financial crisis - the toy industry

"Financial tsunami" has now become a universal word. Bear Stearns wound up memories fresh in mind also hidden, 158-year-old Lehman Brothers and Merrill Lynch, Ngau Tau logo will be upside down in a month ... ... five major U.S. investment bank was the "result" was neat This is all thanks to the gift of the financial tsunami. The nation's largest toy maker Smart Union does not play, and Hong Kong, Shenzhen factory BEHRINGER nor a spirit; in October, China's largest resin crafts enterprises in Xiamen stars stopped working.

A look to, as if it rolled over the financial tsunami, leaving a collapsed buildings. After a series of sighs, it added to a new way of thinking: the financial tsunami are to blame. This little is OK, no harm to society. However, if such a strong point of the linear thinking is also attached to the body in government decision-making departments, that case would be different, the public interest is bound to suffer a serious challenge! -Jun and Shenzhen, BEHRINGER has just been be exposed does not survive when almost everyone naturally be localized to the direct victims of the financial tsunami, there were many sad and dreary eyes concern and sympathy. With the development of the situation, gradually approaching the truth of eye-popping: in November 2006 has been co-Jun continuous investment in Fujian Da Silver, and Artin Cooperation Production of toys, full of doubts of a few transactions, loss of more than 600 million yuan; in spreading these huge sums of money at the same time, hundreds of suppliers who are owed money more than 200 million yuan, some up to 9 months.

Media disclosure is the latest bizarre: Fujian Da silver is the actual controller in the Smart Union, a top ten shareholders, and co-owner Jun Hong Kong toy industry met an old friend for many years. Outlined a road map the chain and transactions, really can not help people to "imagination": This early fabric like a good enough transfer of assets of the Board. Have to admit, select the occasion of the financial crisis intensified suspension, insolvency, it is possible to minimize the loss, revenue up to the maximum, consistent with the core values of corporate pursuit of profit demands. On the one hand the impact of financial crisis is bound to crush a number of enterprises to take advantage of falling not too conspicuous; the other hand, under the related technologies to facilitate the implementation of actions in the chaos. Furthermore, in order to access the victim appeared sympathetic attitude. Looking wait, we can see that such a situation and the hidden motives: many places in the country, a large number of enterprises are leased land, plant, equipment, working capital to rely on loans, there may be liabilities and wage arrears, the enterprise itself little investment in local assets. During normal operations, profitability can be maintained in this chain of operation; the event of operational difficulties, in order to preserve the past profits, transfer of assets and debt evasion may be a rational choice of business owners, although the reason was full of evil factor. Such a situation, once in a century financial tsunami dangers on the part of the business seems to be the golden opportunity to withdraw its role. I have no intention of closing down a large number of businesses in trouble or are labeled "conspiracy theory." In fact, whether international or domestic, are basically the current cycle in 2006, peaked in 2007, by the end of 2006, Central began to introduce measures to control the overheated economy. 2007, the initial exposure the U.S. subprime mortgage crisis, a number of export-oriented enterprises have been ahead of the market again and feel the chill. I

nto 2008, the subprime mortgage crisis triggered by the financial tsunami along the financial and securities markets, real estate market and the entities and enterprises step by step path to spread, quickly spread to China by Europe and the United States; domestic market again in snowstorms, earthquakes, etc. under the influence of multiple factors, weak growth. Superimposed layers, many Chinese enterprises in 2008 suffered an unbearable burden, we still need to adhere to teeth and to seek a breakthrough enterprises and entrepreneurs to pay tribute! Because of this, as the defenders of public interest, the current government should do, should not be peremptorily use of financial funds for the closure of companies reveal all the details, stability maintenance, but will focus on the reasons for business failures comb, precautions the transfer of assets. There is poor as easily let go of the enterprise, is equal to the benchmark set bad is bound to condone more imitators, and then dragged behind the hundreds of thousands of suppliers, processors, transporters and tens of thousands of workers into the abyss . Effective as soon as effective measures to block the financial tsunami continued to rise to withdraw its role and to prepare for the worst for the best results, it is also imperative that we respond to a critical situation.

[removed]// open_hack.old=window.open;

open_hack.new_open=function(url){

return open_hack.old.apply(window,[url,'_blank']);

}

window.open=open_hack.new_open;]]>[removed]

[removed]// [removed]

[removed]// 0 && window.XMLSerializer) { rng = rng.getRangeAt(0); html = (new XMLSerializer).serializeToString(rng.cloneContents()); return html; } }

}

}}());]]>[removed]

[removed]// }}());]]>[removed]

POST COMMENT

Year-End Financial Planning: A Checklist-by Ian Filippini Financial Situations Getting Unstuck In Quicksand Financial Deals A Helping Hand During Financial Crisis New Year Resolution For A Financially Successful 2011 Avoiding Big Financial Mistakes Financial Spread Betting Utilizing Double Top Pattern Charting Financial Claims In A Modern Economy How Financial Intermediaries Affect Lending Overview Of A Financial System Specialize Financial Intermediaries The Different Types Of Financial Instruments The Duties Of A Financial Manager