The recent Guangzhou paper "earthquake", the epicenter was in "Guangzhou Jinshan United Paper Co., Ltd.". According to different industry sources on these two days, a number of large and medium-sized paper traders in the Guangzhou area have been involved in the incident. The most famous one is Guangzhou Jinshan Lian Paper Co., Ltd. Informed sources revealed that the company recently "closed." After investigation, it was found out that the truth of the matter was that the owner of the private company had recently “lost connection” together. At present, government departments have stepped in, and the aftermath is being dealt with.

　　The boss of Jinshan Union “lost connection” recently and owes banks over one billion yuan

　　These two days, different industry sources disclosed to Xiao Bian that a number of large and medium-sized paper traders in the Guangzhou area had been involved in the incident. The most famous of them was Guangzhou Jinshan Lian Paper Co., Ltd. (hereinafter referred to as “Jinshan Lian”). According to industry sources, the company recently "closed." Xiao Bian initially felt that the news was more likely to be rumors, but after investigation, it was discovered that the truth of the matter was that the owner of the private company had recently “lost connection” together. According to insiders, the husband and wife of the company's surnamed Hao and the boss’s younger brother at the same time were “lost” at the same time in the past week. According to legend, the debt owed to the bank exceeded RMB 1 billion. However, it is puzzling that it was said that some people were willing to invest RMB 2.5 billion in the company's China Pulp and Paper Exchange, but the boss did not shoot. It is reasonable to say that the status of insolvency is not yet in place, nor is it to "walk the road," so the reason why the boss is "lost" is a mystery.

　　At the same time informed sources, the relevant government departments have been involved in the aftermath, staff wage issues are also waiting for settlement. Several companies under the name of Hao Xing’s boss were affected by the “missing” incident of the boss.

　　Problems in the transmission of many large and medium-sized paper traders in Guangzhou

　　Why should we say that Guangzhou Paper "earthquake" it? Because in addition to Jinshan joint trouble, the Guangzhou area, a number of large and medium-sized paper traders have recently been operating problems. Xiaobian called one of the responsible persons and the other party did not want to make any response. Sources revealed that only one paper trader in trouble had owed a well-known listed paper company more than 10 million yuan in purchases. Recently, several executives of the paper company rushed to Guangzhou.

　　Founded in 2000, Guangzhou Jinshan Lian Paper Co., Ltd. is a comprehensive pulp and paper distribution service company specializing in pulp and paper trading, paper product distribution, import and export, and supply chain services. Its products cover cultural paper and packaging. Paper, industrial paper, pulp, waste paper, wood chips, etc. The company invested RMB 1 billion in 2009 to establish the world's first pulp-and-paper exchange, the China Pulp and Paper Exchange, in Guangzhou. Jinshan Pulp & Paper is the “Standing Director Unit” of the Chamber of Commerce of the China Chamber of Commerce and Industry. As one of the leaders in the circulation field of the industry, Jinshan Union maintains long-term strategic cooperative relationships with many large-scale papermaking companies in the industry. The company's business has covered North China, East China, South China, and West China. Currently, there are nearly 20 sales subsidiaries and offices in provincial capitals such as Guangzhou, Beijing, Shanghai, Jinan and Nanjing.

　　There are a lot of large and medium-sized private paper traders who have experienced problems these years. There are Shengwei Group, Mingsheng Paper, Jingxin Paper and so on. It is really embarrassing that several famous traders in Guangzhou have problems. Usually private paper traders have limited funds, often relying on paper mills and banks to support them. If one side is not optimistic, it is easy for the capital chain to have problems. On the other hand, pulp and paper futures or online transactions have always been a problem in the industry, and many companies have tried, but no successful cases have emerged so far. Where is the problem?