The core logic of how small business owners in Wenzhou run away
Start planning half a year in advance, and raise three shell companies—their books are cleaner than their own sons'
Begin the “harvesting” three months before fleeing: mortgage the factory buildings for 20 million, finance receivables of 15 million, and use an intermediary guarantee company to extract 30 million
Empty out everything 72 hours before fleeing: sell equipment at a low price to secondhand dealers, transfer the money into a new Hong Kong card, and—under the pretext of advance service fees—transfer 12 million to an affiliated company; all remaining working capital is paid to the “suppliers”
Assets have long been removed from the person: the house is registered under the wife’s name as premarital property, the car is under the brother-in-law’s name, and the divorce agreement was signed months in advance
Transfer the legal person status to three rural elderly men, 50,000 yuan each; when creditors come knocking, there’s nothing they can do against those three poor old men
Final outcome: the bank absorbs a 60 million loss, the supplier’s payments go down the drain, employees are left without two months’ wages, and the guarantee company compensates 30 million
This isn’t a one-off case—it’s a standard operating manual for跑路 (running away) business owners in the Jiangsu-Zhejiang area, and a complete industrial chain has already formed
Start planning half a year in advance, and raise three shell companies—their books are cleaner than their own sons'
Begin the “harvesting” three months before fleeing: mortgage the factory buildings for 20 million, finance receivables of 15 million, and use an intermediary guarantee company to extract 30 million
Empty out everything 72 hours before fleeing: sell equipment at a low price to secondhand dealers, transfer the money into a new Hong Kong card, and—under the pretext of advance service fees—transfer 12 million to an affiliated company; all remaining working capital is paid to the “suppliers”
Assets have long been removed from the person: the house is registered under the wife’s name as premarital property, the car is under the brother-in-law’s name, and the divorce agreement was signed months in advance
Transfer the legal person status to three rural elderly men, 50,000 yuan each; when creditors come knocking, there’s nothing they can do against those three poor old men
Final outcome: the bank absorbs a 60 million loss, the supplier’s payments go down the drain, employees are left without two months’ wages, and the guarantee company compensates 30 million
This isn’t a one-off case—it’s a standard operating manual for跑路 (running away) business owners in the Jiangsu-Zhejiang area, and a complete industrial chain has already formed