"Trust License"

Zhang Yida glanced at Lin Zhenyang and confirmed again.

Lin Zhenyang nodded heavily, "According to reliable sources, Zhongjiang Trust has defaulted on a large number of trust plans, and the Tomorrow Department itself has fallen into a quagmire, and in the past two years, the Tomorrow Department has been cooperating with the state to deleverage and strip a large number of financial assets.

This time it was the turn of Zhongjiang Trust, and all parties were eyeing this trust license. ”

Speaking of the Department of Tomorrow, the boss Xiao Jianhua, Zhang Yida, and Lin Zhenyang are all alumni and graduated from Jingcheng University.

Tomorrow Group was originally founded from scratch by a group of Kyokai Aoki university graduates, and even the name of the registered company was hung with the word "Kyotdai".

After more than 20 years of development, Tomorrow Department has controlled and participated in 44 financial companies, involved in banking, insurance, trust, securities, funds, leasing, futures, etc., covering the license of the Ministry of Financial Industry, and the assets of financial institutions controlled and participated in are as high as 3 trillion yuan.

In addition, it is said that there are 4,000 shell companies, and even the middle management of the company does not know which companies are owned by their own group.

Under the intricate shareholding structure, a private financial holding group is involved in more than 40 financial structures, and it is not too simple to make small moves to improve performance.

Therefore, this private financial holding company was dismembered, and the boss never appeared in the public eye again after being taken away from Hong Kong two years ago.

Zhang Yida thought for a while and asked, "Do you think it's appropriate for us to win the trust license?"

Lin Zhenyang was puzzled, didn't you think about the financial license in your heart at the earliest

Now that the license is here, it's back down

"If you have something to say, just say it, or not"

Zhang Yida shook his head, "Ruixiang can't ask for it, it's a bit dazzling, and the trust thing starts with billions of dollars as soon as it explodes."

Loaded with sharp directions, it is a time bomb. It also affects our technology content, and it is dumbfounded to be valued as a financial stock. ”

Lin Zhenyang pondered, it seems that it is indeed very chicken, for the current Ruixiang.

Bigwigs who like to engage in capital operation and industry should prefer this license, and funds can flow to real estate, infrastructure, securities, bond investment, loans, venture capital and other fields.

"Alright then, let's not join in the fun. ”

Zhang Yida nodded, and said, "We don't want it, Yimin's wealth can be continued." ”

Lin Zhenyang said with a smile: "That business is very compatible, and it can also have the effect that one plus one is greater than two." ”

Wealth management and trusts are both for high-net-worth customers, and even wealth management institutions have to help trust sell products.

Thinking of the volume of Yimin's wealth, Lin Zhenyang asked more: "Can Yimin's wealth be eaten?"

"Just borrow some money. ”

After figuring out this, Zhang Yida dialed Ding Siyao's phone.

"Do you want a big package?"

Ding Siyao didn't understand, and asked, "Mr. Zhang, what are you talking about?"

"The trust license should not benefit the wealth of Yimin to control a domestic trust company. ”

Yimin Wealth has developed very well in Southeast Asia, and Ding Siyao has also stayed in Singapore for a long time.

At the moment, she was sitting in her office in Singapore, looking out at the distant coastline, and she was a little excited when she heard the news on the phone.

For companies like them, they dream of having a license, and the most suitable license is a trust.

"This is a real manna trust company"

"Zhongjiang Trust, it's just that the foundation is not very clean, you go back to China first to find out. ”

Ding Siyao is no stranger to this company, and even helped them sell products.

"Okay, I'll book my ticket right away. ”

After Ding Siyao returned to China, under the instructions of Zhang Yida, he began to communicate and dialogue with the regulator who entrusted Zhongjiang Trust.

After the preliminary communication was completed and the bottom of Zhongjiang Trust was thoroughly understood, Ding Siyao began to come back to report the situation to Zhang Yida.

"The predecessor of Zhongjiang Trust was the Jiangxi International Trust and Investment Company, which was established in June 1981 and has a history of 38 years, and was renamed Zhongjiang Trust in 2012.

In 2016, Zhongjiang Trust achieved revenue of 361.6 billion yuan and net profit of 192.5 billion yuan, ranking sixth among 68 trust companies.

In 2017, after the China Banking Regulatory Commission issued a notice on regulating banking and trust business, Zhongjiang Trust's performance bubble was punctured, and its performance began to decline sharply.

Last year's operating income was only 3.5 billion yuan, down 63 from 2017, less than one-tenth of 16 years, ranking 55th among 68 trust companies;

Last year, Zhongjiang Trust achieved a net profit of 47 million yuan, a year-on-year decrease of 728 compared with 2017, ranking 59th among 68 trust companies in terms of net profit. ”

Zhang Yida nodded, and the performance of the horse was called a thousand miles.

The ranking of trust companies has also fallen from the top few to the bottom, which is really like riding a rocket.

Why is this happening, I can only ask the big guy of the department tomorrow.

To put it bluntly, it is to lend money to listed companies that do not meet the risk control standards, and use the money from these leeks to buy trusts to help listed companies that have a relationship with tomorrow transfuse blood and extend their lives.

As for the performance of the hell, it is still profitable, which should be a risk that has not yet exploded.

So Zhang Yida asked: "How many overdue trust plans are there?"

"At present, more than 20 products have been exposed by the media to step on thunder, including the Golden Crane series, the Golden Horse series, the Silver Elephant series and the Golden Dragon series, involving a total amount of more than 5 billion yuan. ”

Ding Siyao said with a calm face, "But in fact, it is far more than that, the regulator has also paid the truth, defaulting on 35 trust plans, involving an amount of 7.9 billion yuan." ”

Zhang Yida tapped his fingers on the table, what a mess

But it's normal, the stall is not bad, and it won't be his turn to take over.

"What does the regulator mean, how to deal with these defaults"

Ding Siyao said lightly, "They want us to come in and calm things down, and it is best to pay the investors these funds first." ”

Zhang Yida looked up at the ceiling and said, "Nearly 80 billion, we are really good at paying for it." There are no strings attached."

Ding Siyao said with a smile: "Everything can't be hidden from you, we are responsible for continuing to deal with these defaulted projects, and we can get back as much as we want, and the difference in the middle will be deducted with the purchase money." ”

"That's just like the words, I'm not Comrade Lei Feng. ”

After speaking, Zhang Yida took a sip of tea, moistened his throat, and then asked, "What price do they offer?"

"15 billion, 713005 equity. ”

Zhang Yida calculated in his heart and immediately calculated a valuation of more than 21 billion.

Such a bad mess can actually open a valuation of more than 20 billion.

There is no way, there are only 68 trust licenses, and the more scarce they are, the more valuable they are.

At present, there are only 15 private companies that are controlled by private companies, including Anping Insurance and HNA, which are mixed state-owned, private and foreign-funded enterprises.

"It's a little tall."

Zhang Yida sighed, looked at Ding Siyao, and asked, "Is it possible to negotiate the price a little?"

Ding Siyao shook her head, "It's a little difficult, because it's not just us, there are other companies that have joined the scramble." ”

Zhang Yida nodded lightly, there was a company to compete for, and he was not surprised at all.

If no one really comes to grab it, it will be a real accident.

For some businesses, having a trust license in hand is like buying an ATM.

Moreover, compared with P2P, this ATM is not easy to depreciate because it has a license, and it is not easy to be suddenly banned.

Even if there is a problem, you can sell it to the next family, get back the original investment, and even make a small profit.

"What is the current management scale of Zhongjiang Trust?" Zhang Yida asked again.

Ding Siyao replied: "It's about 150 billion, and if the default problem is not solved as soon as possible, the scale of management will drop a lot in the future." ”

Zhang Yida nodded slightly, rushing to this default rate, who would dare to invest in it, and the risk control p2p is still rotten.

Even if Yimin Wealth quickly solves the redemption problem, investor confidence will not be able to make up for it in a short period of time.

If Yimin Wealth intends to enter Zhongjiang Trust, it will not be able to recover quickly within a year or two.

It must be operated as a long-term business, first straighten out the old accounts, and then develop step by step.