The defendant was in October 2008 due to funding strand breaks in Yuyao, Zhejiang fled out the rich history of

 This is not an isolated case. including the base, including the history behind the next case, at least six foreign trade companies , 17 of which involved letters of credit, the past few years, the history of the Ming means of financing for funding the use of letters of credit up to 2 billion U.S. dollars. In addition to letters of credit litigation, with the history of the Ming capital chain rupture, its affiliated companies have litigation-ridden, so far, Ningbo, Yuyao, Shanghai, Hangzhou and Hefei, the courts, it has already received more than 80 related lawsuits, involving more than 14 domestic and foreign banks.
Mu Qizhong history of the Ming is the second case, Jinan Qingqi Zhang Jialing case after case in the Oil & Grains, and a fall in the credit financing of private entrepreneurs. In fact, under the guise of trade names, cash in bank letter of credit from domestic and foreign funds, facilities of all kinds of industrial investment, the economic down cycle in ruin, has become China's private enterprises repeatedly staged, get rid of the classic plot.
the case in the history behind the next letter is one from private enterprises, commercial banks, foreign trade companies, the State Reserve Bureau and other stakeholders in the financing structures of the distorted chain, in each other's understanding among the responsibilities and interests are shared, the risk was not consequent to resolve. And all of this, the final form of the original sin of financing private enterprises.
2009 年 9 月 18 afternoon, the history of the Ming and his wife Yang Joan on the phone br> The History of the Ming reached the fifties, had charge of the high visibility of Yuyao City, Zhe Jiang Baocheng enterprise mm stainless steel Limited (Pioneer), and several affiliated companies. According to one business partner's description, the people looks quite simple , hereinafter referred to as Kumho), and Red Gate Plastics Co., Ltd. Yuyao. By 2006, Kumho and its affiliates total sales exceeded 15 billion yuan,
2002 年 12 months, Pioneer History of the Ming founder, chairman of the board; Yang, general manager Joan. The total investment of 2 billion, two cold rolling project in May 2003, respectively, and put into production in June 2008, The total area of over 100,000 square meters.
with the development, Yang Qiong to the identity of Female Entrepreneurs won another , Vice President of Women Entrepreneurs Association, the National Outstanding Entrepreneurship female hh
circulation according to China Association of stainless steel metal branch of statistics, in 2008, Pioneer production of 15,000 tons of stainless cold-rolled wide plate sales 1.788 billion yuan, Lie Ningbo City hundred enterprises 56. However, this sales figures are as of November 2008 mm direct result of the history of the Ming Bao Shing stop flight.
Pioneer who was indicted executives of foreign trade memories, escape is the history of Ming value of the 2008 National Day, many people, one of which is specified in the history of effective subordinates Shengtong International Trade Co., Ltd. Ningbo Free Trade Zone (hereinafter referred to Morimichi) the legal representative of the Peng Yu.