P2P is the place to steal money, provided that you run fast.
Editor’s note: This article is from WeChat public account “Glonghui” (ID: hkstocks), author: Hanyang tree.
On January 21, 2015, Shanghai Zendai (0755.HK) announced the suspension of trading. A few days later, Dai Zhikang announced that he had withdrawn from the real estate industry and held 42.03% of his shares with his daughter for a total price of HK$1,250.7 million. All sold to China Eastern Asset Management Holdings Limited.
Dai Zhikang became the first of the well-known real estate estates in China Waved goodbye to the people of this river, and did not talk about making a comeback.
His explanation is:
“As an industry, a business, (real estate) is no longer important to me.
For me, it’s half-sell and half-sell (meaning selling Shanghai Zhengda). This industry is too crowded and doesn’t need so many companies.
Dai Zhikang did not expect that his voice fell shortly, and the real estate industry ushered in the golden explosion of 2016-2017.
After exiting real estate, Dai Zhikang aimed at Internet finance. 2015 is a crazy year of “Internet +”, the hottest of which is Internet finance.
Dai Zhikang said:
“I am most optimistic about P2P.
Dai Zhikang did not think that after four years, he would be sent a P2P to no return.
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On August 12, Laocaibao issued an announcement due to the adjustment of its own business by the management of Ruihua Bank. Fortune Treasure will stop adding new business without depository.
Ruihua Bank immediately responded, this pot we do not back.
withOn the same day, a “Notice on Shanghai Securities Investment Consulting Co., Ltd. Early termination of the employment contract relationship of all employees” was transmitted.
Lao Caibao and Zhengda Investment belong to the Zendai Group The actual controllers are Dai Zhikang.
In addition, it should be pointed out that Zhengda Investment is the asset-side company of Caicaibao.
After the P2P platform thunderstorm, there is no sense of responsibility to leave a letter to the investor BS, and then slip away, a little responsibility is nothing but promise not to run.
On August 13, the official treasure of the Treasures denied the news of all the layoffs of Zhengda Investment.
On August 14, Dai Zhikang issued a letter to the user on the treasure platform, which stated:
“Please give us some patience, we have the ability to achieve a benign exit of the platform.
August 22, Dai Zhikang is on the treasure platform again The second letter to the user was issued. The letter stated that it is temporarily unable to use billions of cash to borrow money from the borrower to pay for it. It emphasizes that all the executives of Zhengda will not run or lose their links. Not a 27-year-old signboard.
Dai Zhikang did not run, August 29 On the same day, he surrendered himself to the Shanghai police, saying that in the course of the company’s operation, there were funds and pools, misappropriation of funds and other illegal activities, and they could not be redeemed.
According to the liquidation data of the third party, the amount of the unpaid amount of the treasure is as high as 19.8 billion.
A new member has been added to the list of P2P deaths.
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woreZhikang was born in Haimen, Jiangsu Province in 1964. In the same year, Ma Yun was born in Hangzhou, Zhejiang.
Speaking of it, the founder of Internet finance, which was later ruined by Dai Zhikang, is probably not a Ma Yun. The fate is sometimes so magical.
Dai Zhikang’s life begins to be higher than Ma Yun’s many.
In 1981, 17-year-old Dai Zhikang was admitted to Renmin University of China, majoring in international finance. In 1985, Dai Zhikang was admitted to the Financial Research Institute of the People’s Bank of China, the predecessor of Tsinghua Wudaokou.
In 1987, Dai Zhikang graduated and entered the head office of CITIC Industrial Bank as the secretary of the office of the president.
At that time, Hainan’s investment was very hot. In 1988, Dai Zhikang resigned from the position of CITIC Industrial Bank and went to Hainan to establish the “International Finance Corporation”. However, this venture had no result.
In less than half a year, Dai Zhikang returned to Beijing and went to the Dresden Bank in Germany to serve as the Chinese representative of the Beijing Representative Office.
But the hot air of the first half of the year blowing in the south is always difficult for Dai Zhikang to forget.
In October 1988, the People’s Bank of China approved the establishment of Hainan’s first securities company, Hainan Provincial Securities Company. On January 1, 1990, the company was converted into a national joint-stock company.
At the invitation of classmate Zhang Zhiping, Dai Zhikang once again returned to Hainan and became the office director of Hainan Securities.
This opened up Dai Zhikang’s true financial career.
In 1992, under the formation of Dai Zhikang, China’s first public fund, the Fudao Fund, was established.
Fudao Fund issued a total of 60 million yuan, mainly investing in Hainan real estate, Hainan stocks, Shenzhen stocks, the start is very good.
With this battle, Dai Zhikang fame and fortune, not only earned the first bucket of gold in life, but also fame in the investment community.
With the first bucket of gold in life, Dai Zhikang began investing in real estate in Hangzhou and established Shanghai Zendai Investment Development Co., Ltd.
Under 30 years old, it can be described as high-spirited.
However, good things in the world are rarely strong.
In 1993, the government’s macro-control policies pierced the Hainan real estate bubble and the stock market bubble, and Dai Zhikang was not spared.
In 1994, it continued to be a quiet year. In February 1995, the famous 327 national debt incident occurred. The governor of China’s securities, known as the god of health, was jailed. Dai Zhikang successfully turned over because he stood on the long side. It is said that Dai Zhikang earned 6 million yuan in this campaign.
Since then, the stock market has become his battlefield, and the low-sucking and high-selling has been very slippery. The most well-known ticket made by it is Su Changchai, which has a profit of more than 100 million.
In 1999, on the eve of the bursting of the Internet bubble, Dai Zhikang faded out of the stock market and retired to take the fast-growing real estate express.
At this time, Zhengda has a net worth of 250 million.
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In 1992, Dai Zhikang invested in a real estate project in Hangzhou, the lakeside garden in Hangzhou, and the starting point of Ma Yun’s entrepreneurship. The developer is the witness of Dai Zhikang.
In 1998, Dai Zhikang came to Shanghai and started a completely independent venture.
After fading out of the stock market, Dai Zhikang turned to real estate and took advantage of the low price in Pudong to get enough land for 10 years.
The property line of Zendai is famous for its artistic taste and humanistic architectural design, such as the famous Lianyang community, Thumb Plaza, Jiujiantang and Himalayan Center.
In 2005, the Jiujiantang villa in Pudong District of Shanghai opened and once sensationalized the real estate circle. Today, Jiujiantang is still the representative of the top Chinese luxury mansion.
The cost advantage of taking the land at a low price, Dai Zhikang Zendai has created a series of successful projects in Pudong, which makes it a component of the real estate industry.
In 2003, Shanghai Zendai was listed on the backdoor in Hong Kong with the code 0755.HK.
However, Dai Zhikang’s reputation in this industry is that he used the leverage of the financial industry in the real estate sector and eventually sent himself out of the real estate bureau.
In 2007, the Zendai Himalayan Center was started. This project was integrated into hotels, art galleries, stage, and shopping malls. It was designed by a well-known Japanese architect and the design concept was very advanced.
But, look, listed companies, the market value of thousands Which one of the billion is doing commercial real estate?
In the past two years, a magical color on the land of China has been the separation of residential rents from commercial rents.
The Himalayan culture has been successful, but the business logic is lacking. This project consumes 3 billion yuan of cash from Dai Zhikang.
To save the loss of the Himalaya CenterIn fact, in 2010, Dai Zhikang won the 8-1 plot of Shanghai Bund at a record price of 9.22 billion yuan.
The problem is that at this time, Shanghai Securities University’s account cash is only 500 million yuan, and bank deposits plus total net assets do not exceed 3 billion.
Zhengda wants to play the snake swallow with high leverage, but the reality is cruel.
According to media reports, because of the second land payment deadline, Zhengda paid a late payment of 4.6 million yuan.
After 20 months, in November 2011, Shanghai Zendai had to cut meat to Fosun due to funding problems.
After cutting meat, Shanghai Zendai’s debt ratio fell from 98% in 2011 to 81% in 2013.
However, Dai Zhikang, who has long-term and good practice in capital operation, did not stop here. In 2014, Shanghai Zendai had a total of 1.194 billion yuan, and high leverage expanded in Nanjing. The asset-liability ratio soared to 138%.
Since then, the leverage problem of Zendai has not been resolved, and it rose to 242% in 2015.
In the end, Dai Zhikang had to introduce Oriental assets and defeat real estate.
But sadly, the choice of commercial real estate was originally a mistake, and he chose the wrong P2P.
P2P is the place to grab money, provided you run fast.
One way to run fast is when you plan to cut the leek and start running. One way to run fast is that you run economically.
P2P’s original business is that banks are unwilling to pick up, and their risks are extremely high. Once they encounter the economic downturn and financial tightening, they will find this industry, even if they are doing it seriously, they are also in the nude swimming.
Prospering in finance, but also in financial, and in real estate, but also in real estate, the 27-year-old amnesty, the fall to this, is also embarrassing.