At : on December 1st, 29, the wholesale market of Luosiwan moved out of the old Luosiwan, and the new Luosiwan International Trade City officially set sail.

From 214 to 217, Zhonghao Group experienced a business crisis, and its capital chain was broken. Villagers could not return home, citizens could not take over houses, and business operations were unsustainable. Therefore, maintaining stability became a major problem, resulting in serious systemic financial risks.

before the reorganization, the basic situation of zhonghao group: the total liabilities were 33.8 billion, including: the principal of financial institutions was 17.6 billion, the interest owed was 2.4 billion, the principal and interest of entrusted loans were 5.2 billion yuan, the project payment was 2.1 billion, the fees were 62 million, the rent and house purchase payment received in advance was 5.2 billion, the food city owed 1 million and other funds were 58 million. The loss was 9.2 billion yuan.

(1) Social stability

The relocated houses in Tami Village cannot be delivered, and about 1,625 households with 4,5 people have been relocated for nine years, and they have been wandering outside for a long time, and there have been nearly 1 large-scale rights protection; 12, owners of 3,33 households in Youhuo City failed to go home for 3 years.

the vast majority of merchants in the international trade city have no intention to operate, and once more than 1, merchants go bankrupt, all their investment will be gone, which will form a large group event.

(II) Systemic financial risks

As of December 31, 217, Zhonghao Group owed financial institutions 17.6 billion yuan in principal, 2.8 billion yuan in interest and 3.5 billion yuan in principal and interest entrusted by banks, totaling 23.9 billion yuan.

all market properties have been mortgaged, some properties have entered the judicial auction procedure, and some have entered the asset management company for auction, which also involves litigation cases. In the meantime, there were criminal cases such as Li Jinsong fraud, involving a total amount of 1.83 billion yuan. Many financial institutions were involved in financial risks. The 35.6% equity of Zhonghao Real Estate, which was seized, could not be unsealed in time, and the debt risk of Zhonghao Group could not be solved, which would pose an extremely serious systemic financial risk to the financial market in Yunnan Province.

(III) Long-term arrears of taxes and fees

By 217, Zhonghao Group had accumulated arrears of taxes of about 5 million yuan and fees of 62 million yuan.

(IV) Litigation disputes

1. Among the problems left over by Zhonghao, litigation disputes have always been the main problem that hinders the normal development of the reorganization work because of the large number of cases, long time span and diverse cases. The total number of cases reached 2,395, involving a total amount of 4.35 billion yuan, which triggered a large number of social disputes and intensified social contradictions.

2. Creditors and financial institutions have sealed up 1.8 million square meters of shops in Luosiwan Phase I and Phase II and Chinese herbal medicine market, of which more than 7, square meters have entered the execution and auction procedures, which has caused great risks to the overall and sustainable operation of the market. If it is not properly solved in time, it will directly lead to the displacement of thousands of merchants and tens of thousands of employees.

(5) Poor market environment, shutdown of supporting facilities and loss of confidence of merchants

Poor management and disorder of Zhonghao led to poor market environment and loss of confidence of merchants. A large number of fire-fighting facilities can not be used, and there are major fire hazards; Most of the more than 3 toilets have no electricity and water, and they are filthy and smelly, and the business environment is extremely bad. The business of the second and fourth phases is particularly bleak, with a vacancy rate as high as 5%. The supporting facilities in the area are seriously lagging behind, and the public facilities are basically shut down, especially the educational resources are extremely scarce.

zhonghao group's business crisis and broken capital chain have caused a series of problems such as people's livelihood, social stability, financial risks, litigation risks and lack of supporting facilities in the district. Since 215, many provincial and foreign enterprises have not been successfully reorganized, and the problems left over from the history of Zhonghao need to be solved urgently.

junfa acquired zhonghao luosi bay in November 217 with a debt commitment of 45.2 billion yuan. by September 3, 22, it had invested 14.6 billion yuan of its own funds, accepted the principal and interest of bank loans of 2.4 billion yuan and entrusted loans of 3.2 billion yuan.

in the past three years, junfa has made great efforts to effectively solve the problems of people's livelihood, social stability, financial risks, litigation risks, poor business environment and lack of supporting facilities in the district, and has achieved initial results.

(1) Solving the problem of people's livelihood stability

Youhuo City officially handed over the house in October 218, and 3,33 households with 12, owners officially returned home; The relocated houses in Tami Village were officially delivered in December 219, and about 1,625 relocated households ended their nine-year wandering.

2.1 billion yuan has been paid in advance to nearly 4 construction companies.

(II) How to resolve systemic financial risks

After the reorganization, Junfa reached a consensus opinion and signed relevant agreements with 21 financial institutions including Minsheng Bank, Cinda Assets and Industrial and Commercial Bank of China. By September, 22, the accumulated loan principal paid to financial institutions was 5.9 billion yuan, the interest owed was 2.4 billion yuan, and the normal interest paid to financial institutions was 2.5 billion yuan, totaling 1.8 billion yuan.

as of October 31st, 22, there is still a loan balance of 13.8 billion yuan, and the principal and interest need to be repaid in 221, 4.4 billion yuan in 222 and 2.3 billion yuan in 223.

(III) Solving the problem of long-term arrears of taxes and fees

Since the reorganization, no new tax arrears have been generated. By September 22, the tax arrears of 5 million yuan have been paid in full.

the original fee owed is 62 million yuan, and 418 million yuan has been paid in strict accordance with the requirements of the municipal government reorganization meeting.

(IV) Handling litigation disputes

Since Junfa Group established Junao Company to reorganize Zhonghao Group in 217, it has always been committed to solving the litigation disputes left over by the former Zhonghao; By October 22, there were 2,395 litigation disputes caused by the former Zhonghao, involving about 4.35 billion yuan. Junfa Group has solved 1,781 cases in a positive and proper way, involving 4.182 billion yuan, and 614 cases are being continuously coordinated, involving 168 million yuan.

(V) Solving the problems of poor market operation environment and lagging supporting facilities

After the reorganization, Junfa invested 126 million yuan to upgrade and transform the facilities as a whole, and the market environment and facilities in the district were greatly improved. Among them, 25 million yuan was spent to complete the upgrading of the first-phase market fire-fighting facilities and toilets; Invest 4 million yuan to transform the fourth floor of area A-D in the first phase market; 61 million yuan will be invested in atrium renovation, and 8 million yuan will be invested to renovate the fa? ade and square of the first phase market.

After the reorganization of Junfa, the school construction resumed rapidly, and nearly 2 million yuan was invested in the construction and delivery of Beijing No.8 Middle School. At the same time, 35 million yuan was invested to accelerate the construction and delivery of the primary school attached to Teachers College. In the future, 2 primary schools, 4 kindergartens and a 3A hospital will be built.

Since the reorganization of Zhonghao in November 217, Junfa has invested a lot of financial, material and human resources, and through hard work, the problems of people's livelihood, stability, finance, litigation, business environment and supporting facilities in Luosi Bay have been solved, presenting a brand-new scene.

junfa has the confidence, determination and ability to build the new luosiwan international trade city into an international-class urban complex project integrating modern wholesale, new retail and shopping park, relying on the digital+internet trading platform and matching with urban living facilities, and at the same time to build it into a historical and cultural exhibition area for Yunnan merchants, Yunnan-Vietnam railway and ancient tea-horse road.

(a) the national market procurement trade mode is piloted to help domestic products go abroad

Yunnan is located in the core area of Southeast Asia radiation center facing South Asia, and has become the "capital" of ASEAN. As a strategic core point, it will surely become the focus of South Asia, Southeast Asia and even the world, linking the import and export exchanges between ASEAN and China.

the data shows that the merchants of the new Luosiwan International Trade City in Junfa, Yunnan have already had trade with many South Asian and Southeast Asian countries. In order to further accelerate the expansion of its foreign sales, Junfa will vigorously develop a digital online trading platform to help merchants develop trade with these countries more conveniently and quickly.

on September 15th, 22, seven ministries and commissions of the state jointly issued the Letter of the Development and Reform Commission of the Ministry of Commerce, the Ministry of Finance, the General Administration of Customs, the General Administration of Taxation and the Foreign Exchange Bureau of the General Administration of Market Supervision on Accelerating the Pilot Work of Market Procurement Trade Mode [Trade Letter (22) No.425], which officially approved Kunming Junfa Xinluosiwan International Trade City as the fifth batch of market procurement trade mode pilot projects in China. On October 29th, Kunming Junfa Xinluosiwan International Trade City completed the first trial of "first order", which was the "first vote" for the fifth batch of 17 pilot cities of market procurement trade in China. Kunming opens a new model of export facilitation.

the "first order" of Kunming market procurement trade mode pilot was successful, and the key areas and key links of international trade were tried first. As an important carrier of new foreign trade formats and new models, Xinluosiwan International Trade City relied on the market procurement trade pilot to take merchants out of the country and take advantage of the East Wind of Free Trade Zone to help cloud products and domestic products go global.

(2) The compound business model of "internet plus commerce and trade" helps Yunpin out of Yunnan

As a national strategic hub city, Yunnan focuses on three business cards of "green food, green energy and healthy living destination". At present, the medicinal materials market of the third phase of Xinluosiwan has already become the largest medicinal materials market in Yunnan, and its market is full of precious medicinal materials and local products which are abundant in all parts of Yunnan Province.

with the support of the policy of "cloud products leaving Yunnan", Junfa plans to adjust the existing traditional wholesale market into a modern commercial complex step by step to adapt to the future market direction with the new retail model as the development core, build a brand-new compound business model of "internet plus Commercial Trade", help farmers or merchants to promote their products to the Internet platform, realize the multiple-order increase of merchants' transaction volume, and let merchants enjoy the market dividend brought by the rapid development of Internet trade. It will also establish an Internet transaction settlement platform, build a cross-border e-commerce industry incubation system, cross-border O2O bonded display and self-raising mode, cross-border e-commerce O2O new retail and other services to promote cloud products to go out of Yunnan, to the whole country and to the world.

(III) Leading the investment of 1 million yuan to set up Junfa New Luosiwan Double Innovation Fund to help entrepreneurial innovation

In order to support building a well-off society in an all-round way, winning the battle against poverty, and supporting "mass entrepreneurship and innovation", Junfa Group, guided by Socialism with Chinese characteristics Thought in the new era, has thoroughly implemented the strategic deployment for the construction of the Pilot Free Trade Zone, with institutional innovation as the core and replicability and popularization as the basic requirements. Boldly try, boldly break through, and independently reform, create a market-oriented, rule-of-law and international first-class business environment, focus on building emerging service industries and frontier consumer industry clusters, accelerate the formation of new kinetic energy, and enhance new competitive advantages.

junfa group will jointly invest 1 million yuan with financial institutions to set up junfa new luosiwan double innovation fund. It is planned to invest in incubating a large number of intelligent trading related enterprises such as modern service industry and supply chain upgrade within five years to help Xinluo Bay build an intelligent trading ecosystem. Focus on the layout of modern service industry and supply chain upgrading, intelligent trading, Internet of Things and other related industries venture capital and equity investment.

in addition to funds, it has also made efforts in various aspects such as shareholding cooperation and * * * business incubator. Entrepreneurs in business intelligence trading related fields are expected to receive initial financial support, and product design and R&D guidance, strategy formulation and operation guidance, technology platform and other entrepreneurial support services provided by Junfa Group.

through the establishment of funds, we will focus on reducing the cost of entrepreneurship and enterprise development, optimize the policy and financial service environment for innovative entrepreneurs, provide a development platform, and fully promote scientific and technological innovation and promote the development of the real economy.

(4) Invest 8 million yuan to build a mega-city complex and create a city business card

Junfang will open 16, new commercial clusters, build a people's park and a commercial street with customs belonging to the citizens of Spring City, and invest 8 million yuan in the upgrading and renovation plan to make Luosi Bay a shining business card in the southwest of China.

through the overall renovation of the area, the blank of shopping, entertainment, hotels and business functions before Xinluo Bay will be filled, and at the same time, the historical reappearance of Yunnan-Vietnam railway, Yunnan merchants and the ancient tea-horse road will be realized, so that Xinluo Bay will be turned into an international-class urban complex integrating eating, drinking, entertainment, shopping and high-end hotels.

the future of junfa new luosiwan international trade city will be based on Yunnan's national strategic advantages, highlighting the unique trade strength of the project in Yunnan, the region and the country, and establishing an absolute market position facing the international community. Junfa will make the new snail bay "the new snail bay of the world".