Reborn Entrepreneurial Giant

The emergence of China United Group is an anomaly. Zhang Yiwen can "naturally" become the helmsman of this group. Without the support of Qu Li, who would believe it? Well, netizens who don’t know the inside story will believe it.

But the state-owned assets behind this company are a double-edged sword. For Qu Li, who wants to "retire", the value cannot be said to be zero, but it is very low. Let's just leave a share of the foundation for his children, and whatever is left in the end How much you bet depends on Zhang Yiwen's ability.

Qu Li left at least three guarantees for this company. Kweichow Moutai, Sino-Singapore International, Spansion Semiconductor (Changjiang Storage, Hefei Changxin, etc. are considered its cooperative enterprises), and China United Group are all major shareholders.

Most of Spansion Semiconductor's business is in China, so it is registered in Singapore and listed in Hong Kong. Its market value is about HK$100 billion. It is an asset-light company, not particularly valuable, but it is very important. Vision Fund withdrew from it and lost its actual controller. However, Tianming Fund, Xiangjiang Investment, China United, and China Investment are all shareholders, and the main management has become Chinese...

In addition, Xiangjiang Investment, a private equity subsidiary of China United, is the major shareholder of Time Jumei and Glory. Although it is Qu Li who paid the money, as long as he does not cash out, the control remains with Xiangjiang Investment. With this name, he can do a lot of things.

The operation model of Xiangjiang Investment, a private equity firm, is similar to that of Vision Fund and Tianming Fund. However, now the state-owned assets are the major shareholders. Waiguoren has been around for a long time in recent years, but the system has been well established. It can be regarded as one of the better private equity firms in China.

Compared with the complex Anban, the entire China United Group has a simpler shareholder composition and governance structure. The major business sectors of securities funds, banks, insurance, private equity, trusts, and financial leasing operate independently, because there is no management relationship between them. Cooperation, even for the projects focused on above, must go through the process.

Zhang Yiwen also knew that he was young and lacked prestige, so he studied Qu Li's management ideas and focused on establishing a fair competition environment within the company where the capable would be promoted and the mediocre would be demoted. The focus was on institutionalization and processization, although flexibility was lost. Sexual, but able to stay "clean".

Zhang Yiwen has always been in an invincible position, so promoting talents can really guarantee "fairness, fairness and openness". In addition, he can discuss with Qu Li, and he is convinced of this set of "empowerment" methodology, so he insists on it. down.

But who said that Huxiang local state-owned assets are the major shareholders? They have ways to infiltrate Zhang Yiwen. She is burdened with various reports. Some people do not know her background and say that she is "corrupt" and runs a small personal treasury...

Being named and investigated this time was a blessing in disguise. The confident Zhang Yiwen directly kicked out several local state-owned assets that were against him. In addition to the central enterprises introduced to acquire China United Insurance, this time in addition to China Investment, there are also Influential companies in Huxiang include CRRC (CSR in Zhuzhou), Guodian (UHV transmission network), etc.

It's a pity that the level is not enough to prevent Hengfeng Bank, a national joint-stock bank, from having a big problem. It would be a pity if we could take the opportunity to acquire it. The name of United Bank of China has been changed but it is still a city commercial bank. It had just been acquired and in order to cooperate with Quli's industry, it established branches in Beijing, Shanghai, Guangzhou, Shenzhen and Xiangjiang.

Then, the relevant departments soon imposed strict restrictions on the cross-regional operations of city commercial banks. Basically, they were not allowed to do so, but those who had already done so would not be held accountable! The asset size of United Bank has therefore exceeded 600 billion, which is similar to that of Chengdu Rural Commercial Bank. Moreover, China United Group is only the controlling shareholder, and there are many small shareholders below who have financial management, consumer finance, and asset management licenses.

If it can successfully merge with Chengdu Rural Commercial Bank, United Bank will be able to cover the three major bay areas in China plus the Hunan, Sichuan and Chongqing economic circles, and the asset scale will exceed one trillion. With the country's increasingly open policies, United Bank will one day become a national joint-stock commercial bank.

Another advantage is that capital from Sichuan Province will be introduced into the United Bank to reduce local interference. Just look at Zheshang Bank. If you really want to become bigger and stronger and create greater glory, you must keep a certain distance from the government.

Thinking about the efforts made by the Central Plains Province for Futukang to enter Zhengzhou, there is no doubt that Qu Li, the world's richest man, has more influence in Huxiang than Futukang. Coupled with his usual arrogance, whether it is Yangcheng, Guangdong Province, Beijin has always maintained a distance from local officials, preferring to explore the international market rather than receive various preferential treatment from them.

For example, almost all government clouds in Zhejiang Province use Ali Cloud. Is this possibly the result of market competition? Doesn't the company need to pay anything to achieve this? Anyway, Qu Li didn't believe it. No matter what Guangdong Province Yangcheng suggested, he would always follow the rules and follow the procedures to provide good service. As a result, Guangguang Cloud's domestic market share has dropped from nearly 100% to about 42% now. As competition in the industry intensifies, the possibility of falling below 40% is very high.

Zhang Yiwen, who had withstood the test and was confident, moved the headquarters of China United Group to Beijin. After being named this time, she strengthened her decision to maintain her independence.

In fact, United Group's most promising company is United Insurance, formerly the Agriculture and Animal Husbandry Production Insurance Company of the Construction Corps. Now its business area basically covers the whole country. The company's premium scale ranks fifth in the domestic property insurance market, and its agricultural insurance premium scale ranks third in the country. Second, life insurance has benefited from the Internet and its scale has expanded dramatically.

United Insurance's premium income has increased from 20 billion in 2011 to more than 50 billion last year, even excluding foreign income. Its investment capabilities lead domestic insurance companies, and its revenue and asset scale surpass Sunshine Insurance, making it one of the top 10 domestic insurance groups.

With the help of a relatively radical expansion strategy, it completed the acquisition of all shares of United Insurance and established the current China United Group. The price is that the debt ratio is indeed relatively high.

Fortunately, United Group has been relatively successful in investment. Except for Moutai, which will not be sold in the future, it mainly invests in real estate, three major appliances, liquor and medicine, large consumer goods, new energy, as well as Hikvision, Wanhua Chemical, Xiangyun, and Aier Ophthalmology, etc., as well as smart manufacturing concept stocks supported by Honor and Future Geometry...

Now, Qu Li has openly said that he is bearish on the real estate industry, and the United Group has begun to sell the stocks of real estate companies. The profits earned in the past three to five years are still considerable, at least doubling the profits.

After the fall of Anban, China United Group became one of the seven largest insurance groups in China, ranking behind Life Insurance, Ping An, Pacific, PICC, Xinhua and Taikang. Although the insurance company's assets are only over 250 billion, which is not as good as United Bank's 600 billion, it is still classified as an insurance group.

As for the securities company, after so many years of development, its assets are approximately 120 billion, ranking 15th in the country. The asset size of the wealth fund company exceeds 10 billion (refer to China Asset Management), but the asset size under management is about 2 trillion, of which the non-monetary scale exceeds 300 billion. It is still the largest QDII fund in the country.

Do you know how abominable Wealth Fund and Rainbow Fund are? The scale of national monetary funds is about 7 trillion, and the scale of these two monetary funds relying on Time Financial and Ali Financial exceeds 3 trillion. Even if someone handed a knife behind his back, Qu Li would understand.

China United Group's total assets last year were about 980 billion. It is normal to claim that it is one trillion. Anban, which was just taken over, has assets of more than 2 trillion. (End of chapter)