6 Million, Zhejiang Merchants Remittances Returned Home For &Nbsp; Capital Spring Festival Drama Entered A Climax.

There are several days before the Spring Festival in the rabbit year.

According to the overseas Chinese Affairs Office of Qingtian, 250 thousand of the 480 thousand people in Qingtian county are doing business overseas, especially in Europe.

Since the middle of December last year, the banks of Qingtian county have begun to crowd their heads. Many elderly people staying in their homes carry the cipher boxes. They should take out the euros from their countries such as Spain and withdraw money or exchange money to help their children invest or buy houses in the country, or to build their own public welfare undertakings.

Near the Spring Festival, there was a blowout in the banking sector. Due to the huge amount of money, the euro, which was 500 yuan each on the common counters and on the ground, was bundled up in bundles and bundles.

Because of the large number of queues, banks have to open one hour ahead of schedule, and often delay 2 hours.

Qingtian belongs to Lishui city of Zhejiang. According to statistics, all foreign currency deposits in 8 other counties and cities in Lishui add up to 1/5 less than that in Qingtian.

Sitting on a large amount of private capital, many banks in the country are keen to enter. In the new town street known as "hometown of overseas Chinese Wall Street", less than 300 meters away, there are 5 banks in China, Pudong development, construction, commerce and industry, and Tai Long in Qingtian. Last year, there were CITIC, Wenzhou, Zhejiang merchants, Jianxin, Yiwu Chou Chou commercial banks and rural village banks in Taizhou.

According to the relevant provisions of the financial industry, in order to open a branch in the county of Qingtian, the branch must first be opened in the prefecture level city of Lishui, which means that the banks that have successfully opened the branch in Qingtian have paid extra costs to open branches in the city of Qingtian.

Moreover, as competition is too intense, Qingtian's banks are generally 1 to 2 percentage points higher than the Bank of China in terms of foreign exchange deposits.

Xu Dinglu, a Qingtian native in Portugal, told reporters that a strange phenomenon can be said that Qingtian is the only county in China to follow the European economic situation. "You see, last year and the year before last, Qingtian's housing prices did not go up very much because of the poor economic situation in Europe, which greatly inhibited the enthusiasm of Qingtian people to invest in their homes.

In the past few years, when the European economy was booming, Qingtian people earned a lot of money. The housing prices were comparable to the provincial capital Hangzhou. The price of platinum lots in the county was even higher than 30 thousand yuan per square meter, and the average price in the general area was about 15 thousand yuan.

In Wenzhou, this phenomenon is even more prominent.

"Going global" is the biggest feature of Wenzhou. Now there are 1 million 750 thousand people in Wenzhou doing business in all parts of the country, and 630 thousand of Wenzhou people are doing pioneering work in all parts of the world.

Wenzhou people built more than 230 overseas Chinese organizations overseas, founded 15 Chinese commodity cities and 5 industrial parks, and formed a marketing network all over the world.

Before the Spring Festival, about 2300000 people from all over the world repatriate their hardworking earnings to the old home, forming an amazing spring festival capital flow. The last 15 days before the Spring Festival in 2007, the foreign exchange rate of overseas Wenzhou people remitted to Wenzhou through the bank is more than 100 million US dollars, which is equivalent to 770 million yuan. According to the statistics of the foreign currency deposits and loans of the financial institutions issued by the people's Bank of Wenzhou every month, the balance of foreign exchange deposits in the city for the three consecutive years from 2008 to 2010 will increase by 500 million to 1 billion dollars, and the balance of RMB deposits will increase to 50 billion to 100 billion yuan.

Wenzhou daily financial line reporter You Chengyong said that the city's "capital Spring Festival" peak usually appeared in the first half of the festival.

At any time in the past half a month, it is common to queue up for more than half a day to make a "protracted war" for all banks.

Looking at the whole of Zhejiang, "

Reporter's notes

Reconstructing capital reservoir

Zhejiang merchants are "not bad money".

However, at present, Wenzhou is being beset by insufficient investment. Local analysts say that the capital reversion represented by the Spring Festival is only a stopover for Wenzhou as a pit port.

Real estate, fried coal, fried cotton, stocks, oil wells, venture capital and venture capital fund...

Wenzhou's capital's "infidelity" to local investment has embarrassed the local government.

Not only is it embarrassing, but Wenzhou is appreciating the bitterness of capital outflow.

At present, Wenzhou is vigorously promoting infrastructure construction, industrial upgrading, urban management, urban and rural co-ordination, and ecological protection.

No need for capital.

The problem is that more and more Wenzhou people are investing in enterprises in Wenzhou when they invest abroad, leading to a strong separation of local capital.

At the same time, due to the lack of factor resources, Wenzhou financial institutions lack the creativity that matches their reputation.

The lack of continuous live water makes it difficult for reservoirs to have ripples.

Wenzhou city finance office responsible person believes that for Wenzhou city to rebuild capital storage function, in addition to creating a large environment, we need to manage well from a financial point of view.

First of all, we should cultivate a number of local level corporate financial institutions, attracting more financial enterprises, investment consortia, private capital, service agencies and intermediary organizations throughout the country and even the whole world, so as to promote Wenzhou to form a multi-level financial structure, gather financial resources and leverage.

Second, we should promote innovation in financial products.

We should not only guide financial institutions to vigorously develop innovative businesses such as forest rights mortgage, farm house mortgage, maritime right mortgage, trademark patent pledge loan, but also focus on the innovation of "big financial products".

Third, broaden the channels for private investment and guide a large number of surplus social capital and new credit to the real economy, venture capital and industrial investment.

The government tries to create a hard environment through restructuring state-owned enterprises, and at the same time, through various institutional innovations, we should establish a modern market economic system oriented by "promoting the old and promoting the new".