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Tonight (October 9), Vanke announced a set of sales data – sold forty-seven billion yuan in the first nine months.

Besides the beautiful main business performance, just yesterday, Vanke just announced that it has teamed up with BYD to make a fund.

February 1, 2018 was the first day of the appointment of Vanke’s current president, Zhu Jisheng. At the small media meeting, I wished Jiusheng’s banking background to become the focus of attention. People expect his financial background to inject more into Vanke. More fresh ideas.

The reporter of “Daily Economic News” once asked if “Wanke will become China’s Blackstone”, I wish Jiusheng answered “No” with certainty.

Although it is not intended to be “Blackstone of China”, Vanke’s actions in the capital field in recent years are similar to those of the American predecessors. Vanke may have more plans to cooperate with leading companies by expanding its investment landscape, which is its “one of the best” in the diversified field.

Hand in hand BYD

In the past few years, Vanke has been very interested in investing in specific areas by setting up funds. This time, it has one more partner – BYD. On October 8, Vanke announced that it would jointly invest RMB 1.101 billion in the joint venture of BYD and other funds to focus on science and technology, logistics and other fields.

According to the announcement, Vanke (Chengdu) Co., Ltd., a subsidiary of Vanke, intends to invest in Hengqin Harmony Dingtai Equity Investment Co., Ltd. (Limited Partnership) with Tianjin Rongtai Growth Investment Management Co., Ltd. and BYD Auto Industry Co., Ltd. Dingtai Fund.

The announcement shows that the size of the harmonious Dingtai Fund is RMB 1.101 billion. Among them, Vanke Chengdu has subscribed for RMB 500 million, BYD Industrial has subscribed for RMB 600 million, and Tianjin Rongtai has subscribed for RMB 1 million. Formally, Tianjin Rongtai has grown into a general partner of the fund, and Vanke Chengdu and BYD Industries are limited partners of the fund.

Vanke said that the investment target and scope are mainly used to invest in outstanding sub-funds in the fields of science and technology and logistics. Get long-term investment returns for partners by acquiring, holding, and disposing of investment projects.

Diversity Fund Mapping

As Vanke said in the announcement, the investment of this fund “helps to accelerate the strategic positioning of the company’s urban and rural construction and life service providers.” Vanke’s logic for setting up funds in the past three years is probably the same.

“Daily Economic News” reporter according to the statistics of Vanke, the funds invested by Vanke have been invested in VankeThe diversified areas are compatible, such as commercial real estate, logistics real estate and cultural entertainment.

On May 23, 2017, Vanke established two professional commercial real estate investment funds through its subsidiary Zhuhai Dreamer Trading Co., Ltd. and two other companies, with a total scale of 12.9 billion yuan, which will be invested by Vanke. Commercial real estate projects.

Vanke has invested about 5 billion yuan in two funds through its subsidiaries, with a capital contribution ratio of 39%, and then incited a commercial real estate investment fund of RMB 12.9 billion.

After this time the establishment of commercial real estate funds, Vanke said that this will help the company use the power of external capital to accelerate the company’s investment in commercial real estate through light asset management.

On December 1, 2017, Vanke announced that Kunshan Pinmingfu Enterprise Management Co., Ltd., a wholly-owned subsidiary of the company, plans to invest 1.05 billion yuan to invest in the Chinese Cultural Fund, accounting for 13.96%.

In Vanke’s highly valued logistics real estate sector, Vanke also participates in investment through fund operations. On October 11, 2017, Vanke announced that Shenzhen Vanke Industrial Park and other parties intend to jointly invest in the establishment of a professional logistics real estate investment fund.

The fund has a total capital contribution of RMB 6 billion. In the future, it will invest in the planned, under construction and completed logistics real estate projects in the identified areas of China. The fund manager is Shenzhen Putai Investment Development Co., Ltd. Among them, Vanke Industrial Park plans to subscribe for 1.5 billion yuan, accounting for 25% of the capital contribution.

In 2018, Vanke also established a fund with CITIC Capital (Tianjin) for projects in medical services and other industries. The target size of the fund is 1.7 billion yuan, and the initial scale is 80.42 million yuan. In the first phase of the fund, the amount of capital contributed by Beijing Vanke was 80.41 million yuan, the amount of capital contributed by Vanke Hengqin was 1 million yuan, and the amount of capital contributed by CITIC Capital (Tianjin) was 10,000 yuan.

“Trillion” ambition

The “Daily Economic News” reporter conducted rough statistics according to the announcement. The total size of funds invested by Vanke is around 40 billion yuan. Among the housing enterprises, Vanke’s diversified fields have considerable scale of foreign investment.

In addition to expanding and strengthening in the diversified field through the establishment of funds, Vanke has continued to expand its influence through equity investment in recent years.

Vanke’s main commercial real estate platform, Indy, is its shareholder through equity investment; in the field of logistics real estate, Vanke is also an important shareholder of ProLogis, a leading logistics real estate company.

The senior vice president of Vanke and the chairman of Yinli Commercial Real Estate Co., Ltd. Ding Liye once told the reporter of “Daily Economic News” at the media exchange meeting that Yu Liang’s request for Yinli is not only “one of the best” but also ” Leading the way.”

According to the reporter’s understanding, India’s corporate culture and corporate strategy are now aligned with Vanke, specifically in the establishment of a partner system, the preparation of business partnersPrograms, etc., are all very Vanke practices.

Although Vanke’s current diversified business cannot compete with its main business, it already has a certain say in their respective fields.

Yu Liang once said that Vanke will reach the trillion level in the future and can have influence in every new field; “Ten billion” is not only the market value, but also the standard of serving the city and ecology.

It seems that there is still a distance between the trillions of Vanke, but its determination and ambition to diversify has already been demonstrated.