My 1999

Banks, securities, trusts, funds, and insurance are all major financial companies owned by Delong, and there are more than one.

In terms of banks, through direct and indirect holding methods, it controls 31.63% of Nanchang Commercial Bank, 41.05% of Zhuzhou Commercial Bank, and 49.23% of Kunming Commercial Bank.

Although it is only a city bank, it also has channels through which funds can be transferred.

When running a business, having a bank to support it is really crucial.

It's a pity that the credit cards in China are so bad that we can only make plans for these small banks in a roundabout way.

In a national bank, even if you have shares, you can never get involved in bank management.

Delong Securities has the largest layout.

Deheng Securities, Hengxin Securities, Zhongfu Securities, Northeast Securities, Taiyang Securities.

Deheng and Hengxin are both 100% controlled, Zhongfu is 89.94%, Northeast and Taiyang are 65%, and the other is 57%.

Basically they are all under Delong.

There are also many trusts, including Jinxin Trust, Islamic Trust, Dajiang State Investment, and ARATS Trust.

Jinxin Trust holds 67% of the shares, and the latter three are 100%.

Moreover, Delong also holds 19.96% of the shares of Xiamen United Trust, and is also considered a member of the Delong family.

There is only one fund, China Orient Asset Management Company.

In terms of insurance, there is only one, Oriental Life Insurance Company.

Ordinary people rarely know that there is something called ‘financial leasing’ in China’s financial field.

Financial leasing is a financing method that involves a transaction between a lessor (usually a financial institution) and a lessee (i.e. a business or individual).

In this type of transaction, the lessor purchases specific fixed assets, such as equipment or assets, and leases them to the lessee for use based on the lessee's requirements and options.

The lessee pays rent to the lessor according to the agreed method and period to obtain the right to use these assets.

Financial leasing is usually used for leasing large complete sets of equipment, and is different from traditional leasing. In financial leasing, the lessor first signs a contract with the lessee and then purchases the leased object. Therefore, the lessor owns the leased object when the contract is established. of ownership.

Of course, the business scope of financial leasing is not just this one, but also includes investment in fixed-income securities, absorbing time deposits of more than three months (inclusive) from non-bank shareholders, inter-bank lending, and overseas borrowings.

It can even issue bonds, asset securitization, etc. with approval from the China Securities Regulatory Commission.

The business is still very complicated.

Can do a lot of work in banks and securities companies.

Therefore, some large groups involved in finance in China will get themselves a financial leasing certificate.

Delong is no exception. It not only fully controls Xiyu Financial Leasing Company, but also holds 54.5% of the shares of New Century Financial Leasing.

All of the above are financial institutions that are wholly owned by Delong, or hold more than half of the shares, or can directly influence its decision-making.

Other shareholders include Hongyuan Securities, Haitong Securities, Shenzhen Development Bank and other companies.

There are 21 companies in total, forming a huge financial territory of the Delong Group.

To be honest, the combined assets of these 21 financial institutions are not as large as those of Xu Liang's hedge fund or a sub-fund of the private equity department.

But they have what Xu Liang covets most—certificate.

To work in finance in China, it doesn’t just mean that you have money, you must also have a certificate.

Securities, funds, financial leasing, etc., every business must have a license to operate.

At present, there are about 170 securities companies, 72 financial leasing companies, and 68 trust companies in the country. When things are rare and expensive, you can imagine how valuable this certificate is.

The simplest example is that when Alibaba acquired Tianhong, it spent 1.18 billion Huaxia coins, and there were about 150 domestic fund companies.

Therefore, if nothing else, the value of these certificates in the hands of Delong Group is no less than tens of billions.

And it becomes more valuable as time goes by.

"Delong holds almost all financial licenses in the country. As long as it is acquired, it can save us a lot of time."

It took Delong more than ten years to obtain all financial certificates except banks. Only Wanxiang and Tomorrow are the only domestic private companies that are as complete as it is.

Other Lenovo, Xinhu, Fuxing, HNA, etc. are all worse.

"We only need one certificate for securities, trusts, etc., and we don't do financial speculation, so there is no need to get so many." Jiang Xiaoyang said.

"There is no need to sell it. As an insider, you should be very clear about the value of a business license in the financial industry. For many people who have money but no connections, they are willing to spend some money to get it from us. Buy the certificate." Xu Liang smiled.

Jiang Xiaoyang nodded. Even with her family background, it would cost a lot to get a trust business license, let alone outside.

“If you acquire Delong’s financial assets in the future, your attention will shift more to trusts, securities, financial leasing, and asset management, and give up investment in fixed assets.

Human energy is limited, and it is impossible to hold everything in hand. "

Jiang Xiaoyang fell silent. Xu Liang's plan for Hanhua's future really made her heart beat.

With a steady stream of listed companies provided by Hanhua's venture capital department, if Hanhua enters securities, there will definitely be no shortage of business.

Moreover, Hanhua's hedge funds and private equity businesses are connected with large global funds, insurance companies, and wealthy groups.

Can introduce newly listed companies to them.

This is equivalent to both sellers and buyers living together.

As long as it operates seriously, Hanhua Securities can definitely become the leading securities company in China and even the entire East Asia region.

Combined with trusts and funds, it is not as good as Morgan Stanley and Goldman Sachs, which are deep-rooted financial giants in the global financial field.

But with its investment capabilities in private equity and hedge funds, it is also a top giant.

At that time, the strength and influence will not only be comparable to that of a private equity company.

Thinking of these, Jiang Xiaoyang's heart moved.

"What about Nanyue Fund?"

The main business of Nanyue Fund is investment in real estate.

It has two funds.

Fund No. 1 was raised in June last year. Taking advantage of Xu Liang's oil speculation, it raised US$5.5 billion from the international market.

Fund 2 raised US$1 billion and expired in June this year.

The two funds have three major projects: Fuhua Apartment Project, Hongmeng Headquarters Project Residential Real Estate, and New Dream Project.

A real estate company listed in Xiangjiang - New Century Real Estate.

The latter has already acquired more than a dozen pieces of land in the country, the most famous of which is Rongcheng Nancheng Duhui, which was once taken away by Li Jiacheng.

This super project covers an area of ​​approximately 1,036 acres and has a total construction area of ​​2.5 million square meters. Hutchison Whampoa has been developing it for 20 years.

The amount of money earned is truckload.

New Century Real Estate spent 2.4 billion Chinese dollars to defeat the eager Hutchison Whampoa.

In addition, the "Beijing R\u0026F City" project with a construction area of ​​1.5 million yuan, which was taken over from Fuhua Real Estate, and the Dahua Splendid City in the Magic City with a construction area of ​​3.3 million square meters.

Just these three huge pieces of land cost New Century Real Estate nearly 9 billion Chinese dollars.

Plus some core plots in first-tier cities.

New Century Real Estate already has 33 plots of land in its hands, covering an area of ​​nearly 21.7 million square meters and spending 41.7 billion Chinese dollars.

It can be said that most of the money raised by Nanyue No. 1 Fund was spent on the ground.

There is no way, Xu Liang knows that land in China will become more expensive as time goes by, so if you get more land now, you will make more money later.

Including Fuhua Apartments, Hongmeng Headquarters Residential Project and New Dream Project, a total of US$6.5 billion has been spent.

And basically all of it was spent on land. The construction funds for Fuhua Apartments and 21.7 million square meters of residential real estate were basically bank loans.

"I plan to transfer all the assets under Nanyue Fund to New Century Real Estate. After the two funds expire, I will redeem them with Hanhua's own funds and then spin them off from Hanhua."

"Split from Hanhua, why?" Jiang Xiaoyang asked.

"From now on, Hanhua will only engage in real estate equity investment, not specific projects, to facilitate entry and exit. As for New Century Real Estate, like Hanhua and Hongmeng, it will be passed down to our descendants in the future."

As he spoke, Xu Liang's eyes became gentle.

Jiang Xiaoyang was stunned for a moment, then stood up and sat next to him, leaning his head on his generous shoulder.

A more silent warmth than sound passed silently between the two of them.

"Xu Liang, let's have a baby? A boy."

Xu Liang hugged the beautiful lady's slender waist and said with a smile: "We can earn such a big fortune, but a boy can't do it.

It would be nice to have two or three for us to choose from. "

"Um."

Dong dong dong….

A knock on the door interrupted the sweetness between the two.

"Brother, sister-in-law, it's time to eat."

Xu Meng's voice sounded outside.

"Let's go, let's eat first."

Xu Liang pulled Jiang Xiaoyang up.

"Um."

The two strolled out of the study.

Hanhua's financial report was still placed quietly on the table.

After Xu Liang's major changes, Hanhua's business department changed again.

The venture capital department has only one parent fund ‘Mars’, which has eight sub-funds.

The hedge fund department has two parent funds, ‘Pacific’ and ‘Indian Ocean’. The former has 4 sub-funds and the latter has 3 sub-funds.

The mergers and acquisitions and restructuring department has two parent funds, ‘Atlantic’ and ‘Arctic Ocean’. The former has two sub-funds and the latter has only one sub-fund.

The private equity arm has five funds of funds.

Qinglong Global Investment Fund, Zhuque Euro Fund, White Tiger Americas Fund, Xuanwu Asia Fund and Kirin China Fund.

There are 9, 1, 1 and 3 sub-funds respectively.

Hanhua has 10 parent funds and 32 sub-funds.

Moreover, after cutting off miscellaneous funds, not only administrative expenses were reduced, but the focus was also sharpened.

In addition to the self-operated Aoki Fund, it basically focuses on the four major businesses of venture capital, hedge funds, mergers and acquisitions and private equity.

Of course, other funds are not to be canceled all at once, they will have to wait until the blockade period is over.

Therefore, if Hanhua wants to focus on its main business and successfully slim down, it will have to wait at least until the end of 2005.

Fortunately, the specific strategy is clear and it is not troublesome to implement.