Author: Sun Chunfang, title map: Visual China.
On October 11th, due to the redemption crisis of P2P wealth management products, investors entered the headquarters of Huilian Finance Shenzhen, and Ms. Guo Xinwei, executive director of Huilian Finance, was unable to parry.
Although she and her boss Zheng Weijing and Country Garden President Mo Bin have a “relationship”, Country Garden immediately responded and “no direct contact” with Huilian Financial’s P2P products.
Huilian Finance has cooperated with Country Garden in more than 20 real estate projects, mainly through the offline business to input funds for Country Garden.
This is one of the characteristics of real estate financialization in previous years.
Give money, money to make money, real estate companies and financial platforms, because the word “money” goes hand in hand, real estate companies not only participate in the holding of the Internet financial platform, but also extend their reach to traditional financial business licenses such as banks and insurance. .
With the strict control of real estate financialization, real estate giants have to make a big dream.
P2P friends have an accident
Take the time back to June 28th, 2015. On a sunny day, a smooth and refreshing Sunday, the Shenzhen Shahe Golf Course is holding a competition.
Participants are real estate developers in the Guangzhou-Shenzhen area: Country Garden President Mo Bin, CIMC Production City Group General Manager Zhen Zhenfei, Vice President of Excellence Yan Yanliang, Coastal City Director Zhu Liwei, and Austrian Real Estate Executive Vice President Rong Qing, vice president of Tianrun Land, Song Kai and others.
A financial person enters this circle. He is Zheng Weijing, chairman of the Board of Directors of Huilian Finance.
Huilian Financial (HK08030) is a Hong Kong-listed company with a price per share of around HK$0.3 per share for a long time, with a market capitalization of only 5.5. About HK$100 million, it claims to be “China’s leading real estate financial service provider”.
After a swing, the results of the game were announced: Country Garden President Mo Bin won the championship, Zheng Weijing and the other two tied for third place.
The friendship on the golf course extends to commercial activities.
On February 1, 2016, Mo Bin led the senior management team to visit the headquarters of Huilian Finance Shenzhen, Zheng Weijing and executive director and COO Guo Xinyu and others. Guo Xinzhen patiently explained to Mo Bin the financial development of Huilian Finance for Country Garden. product.
Country Garden President Mo Bin (second from right) visits Huilian Financial Shenzhen Headquarters and patiently listens to real estate financial product descriptions.
The two companies are close together.
On June 2, 2016, Country Garden won the Shenzhen Longgang Central City Area Project, which has a construction area of approximately 2.6 million m2, with an initial estimated value of 100 billion yuan. Huilian Finance is one of the three major partners of the project, and Zheng Weijing participated in the project signing.
After half a year, Country Garden’s largest project overseas, Malaysia Forest City, invited many companies to sign up. Zheng Weijing also attended the meeting and said that the project cooperation between Huilian Finance and Forest City is only the beginning of its overseas layout. Huilian Finance will also Continue to participate in Country Garden’s projects in Indonesia, Australia and Bali.
Industrial and commercial information shows that Huilian Investment, a subsidiary of Huilian Finance, (Shenzhen) Ltd. (hereinafter referred to as “Huilian Investment”) Close cooperation with Country Garden, participated in the investment of more than 20 projects in Country Garden.
The capital products invested in the Country Garden project are in the form of limited partnership assets, such as Shenzhen Country Green Investment No. 37 Investment Management Partnership “No. 37 Asset Management” , eventually invested in Jianye City Country Garden Real Estate Development Company, which accounted for 49% of the project company.
The equity structure of No.37 Asset Management is: Shenzhen Country Green Investment ManagementIg-title”>51 companies behind credit cards
Country Garden is just a small test on the financing channel, and another small and medium-sized housing company on the sales list, Xinhu Zhongbao, is involved in the P2P storm on the road of gold control.
October 21, P2P head platform 51 credit card Hangzhou headquarters building is full of police cars. Xinhu Zhongbao is the second shareholder of 51 credit cards.
Xinhu Zhongbao subsequently issued a statement saying: The company has invested a total of 200 million US dollars in 51 credit cards, accounting for 21.83% of the total share capital of 51 credit cards. If the 51 credit card share price continues to fall, it will have a certain impact on the company’s investment income and current profits.
Xinhu Zhongbao strives to clear the relationship with 51 credit cards, saying that it is only a financial investment and there is no business relationship. The facts are extremely complicated.
Xinhu Zhongbao previously participated in CITIC Bank and Shengjing Bank, and controlled Wenzhou Bank. All of the above banks were associated with 51 credit cards.
The 2019 semi-annual report shows that Xinhu Zhongbao holds a 4.9% stake in CITIC Bank through its two companies and is stationed in Huang Fang as a non-executive director of CITIC Bank.
The cooperation between CITIC Bank and 51 credit cards can be traced back to 2013. 51 credit card through the CITIC Bank’s bill, the formation of the current credit management basic business, and then copy this model to other banks.
The same as Wenzhou Enterprise in Zhejiang, Xinhu Zhongbao is now the largest shareholder of Wenzhou Bank.
Wenzhou Bank cooperates with 51 credit card to jointly name a credit card, which is a standard IC credit card issued by Wenzhou Bank for Internet applications, with a maximum credit limit of 100,000 yuan.
The real estate business of Xinhu Zhongbao is frequently associated with the above banks.
For example, Xinhu Zhongbao will all of its registered capital of Shenyang Xinhu Mingzhu Real Estate Co., Ltd., which is worth 70 million yuan, to Shengjing Bank’s Shenyang Yaming Sub-branch.
Xinhu Zhongbao will also pledged its Shanghai Yalong Ancient City Real Estate Development Co., Ltd., with a registered capital of 320 million yuan, to CITIC Bank Shanghai Branch.
In 2017, a subsidiary of Xinhu Zhongbao borrowed 280 million yuan from Wenzhou Bank.
Besides the bank, Xinhuzhong Baoshen holds financial companies such as Sunshine Insurance, Xinhu Futures, Xiangcai Securities, and almost complete financial cards.