Hebei Banks Overdue Loan of 10.5 billion Fake Central Enterprises Huayang Economic and Trade and Dandong Port Projects

category:Finance
 Hebei Banks Overdue Loan of 10.5 billion Fake Central Enterprises Huayang Economic and Trade and Dandong Port Projects


From the circulation of shares to the price reduction of the second auction, public opinion will focus on the listing dilemma of Hebei Bank.

As the only provincial legal person bank in Hebei Province, Hebei Bank has issued 28 listing guidance reports continuously since it disclosed in January 2012 that it intends to accept CITIC Securities listing guidance. So far, many problems of Hebei Bank have not been solved.

Among them, the problem of non-performing assets has become an obstacle to listing. On April 2 this year, Hebei Bank was criticized by the Audit Office for covering up bad assets.

In the past three years, 23 financial institutions, such as the Bank of Hebei, have covered up non-performing assets by borrowing and lending, unclean transfer of non-performing assets and violation of the five-level classification rules, involving 7.202 billion yuan, the circular said.

According to CITIC Securities28-issue listing guidance report, the Bank of Hebei actively classifies the overdue loans and tightens the clearance. By the end of 2018, the Bank of Hebei had classified the overdue loans into non-performing loans according to the requirements of relevant regulatory departments.

The non-performing loan rate of Hebei Bank has been rising for six consecutive years. In 2018, both non-performing loans and overdue loans peaked. According to the data disclosed in the annual report, the total non-performing loans of Hebei Bank reached 4.71 billion yuan in 2018, an increase of 2 billion yuan compared with the same period last year. The scale of overdue loans is larger, with 10.5 billion yuan of overdue loans in 2018, an increase of 4 billion yuan over the same period last year.

Neither the annual report nor the announcement disclosed which overdue projects were converted into non-performing loans. According to the Chinese Judicial Documents Network and the scattered public information, in the past three years, the Bank of Hebei has stepped on a number of projects, such as China Huayang Economic and Trade Group Co., Ltd. (hereinafter referred to as Huayang Economic and Trade) and Dandong Port Group. Credit crisis has arisen among the debtors, and many projects have defaulted, resulting in the creditors funds. Recycling is difficult.

Among them, the specific amount of Huayang Economic and Trade and Hebei Banks financial loans is not clear. However, according to the civil ruling No. 154 of the Supreme Jurisdiction of the Peoples Republic of China (2019), the Bank of Hebei once lent more than 200 million yuan to Huayang for economic and trade, and both sides appealed to the court on April 20, 2019.

Since September 30, 2018, Huayangs economy and trade has experienced substantial defaults on its first bill, triggering cross-defaults on other bonds and loans, affecting dozens of financial institutions, with a total debt default amount of more than 20 billion yuan. Up to now, many financial institutions have taken litigation to safeguard their rights, but nearly a year after default, the solution of debt has not yet been worked out.

Huayangs status as a state-owned enterprise in economic and trade has been questioned by the media, which claims to be directly under the China Council for the Promotion of International Trade. In fact, there is no name of Huayangs economy and trade in the column of enterprises directly under the official website of CCPIT.

Hebei Bank also stepped on the project of Leidandong Port Group Co., Ltd. (hereinafter referred to as Dandong Port). Dandong Port also fell into the quagmire of debt claims and lawsuits by many financial institutions, with more than 500 days of substantive default.

The amount involved between Hebei Bank and Dandong Port is 214 million yuan. On March 28, 2019, China Judicial Documents Network has hung up the civil ruling of Hebei Bank applying to the court for property preservation before litigation. According to the ruling, on February 27, 2019, the Bank of Hebei proposed to the court to seize, seize and freeze the property of Dandong Port, which is worth 214 million yuan. The court finally decided to seize, seize and freeze the applicants 214 million yuan worth of shares in Dandong Port Group.

Hebei Bank is also in the debt quagmire of Shandong Shengtong Group. According to media reports, the total amount of claims declared by creditors of Shengtong Group and affiliated enterprises is 27.4 billion yuan. At present, creditorsclaims have been confirmed at 22.3 billion yuan, involving 378 creditors, including many banks. Shandong Shengtong group owes a total of 138 million yuan to Bank of Hebei Qingdao Branch. In March 2019, Shandong Shengtong Group applied for bankruptcy reorganization to Dongying Intermediate Peoples Court of Shandong Province. In addition, the Bank of Hebei also involved a bill discount recovery dispute involving a total of 444 million yuan, the ultimate flow of the loan funds is still unclear. Kaiyuan Asset Appraisal Co., Ltd. in the evaluation report issued by Hebei Bank in 2019 shows that the dispute, because Hebei Bank has the right of recourse to the front-hand banks, can request the acceptance of enterprise repayment. Source of this article: Clearance Responsible Editor: Zhong Qiming_NF5619

Hebei Bank is also in the debt quagmire of Shandong Shengtong Group. According to media reports, the total amount of claims declared by creditors of Shengtong Group and affiliated enterprises is 27.4 billion yuan. At present, creditorsclaims have been confirmed at 22.3 billion yuan, involving 378 creditors, including many banks.

Shandong Shengtong Group owes a total of 138 million yuan to the Qingdao Branch of Hebei Bank. In March 2019, Shandong Shengtong Group applied for bankruptcy reorganization to Dongying Intermediate Peoples Court of Shandong Province.

In addition, the Bank of Hebei also involved a bill discount recovery dispute involving a total of 444 million yuan, the ultimate flow of the loan funds is still unclear. Kaiyuan Asset Appraisal Co., Ltd. in the evaluation report issued by Hebei Bank in 2019 shows that the dispute, because Hebei Bank has the right of recourse to the front-hand banks, can request the acceptance of enterprise repayment.