According to the data, Li Guangrong is not only the chairman of Walter Investment Holdings, Huaan Insurance and Huaan Asset Management, but also the director of the board of directors of China Minsheng Investment Co., Ltd., the vice president of insurance institute of china, the vice president of Beijing Venture Capital Association and the vice president of Hunan Charity Federation. At the same time, he was also employed as a consultant to many local governments and an independent director of listed companies.
The arrest of Kai-Fu Lee not only means that another person in the insurance industry has fallen off the horse after Zhang Jun, former actual controller of Fude Life Insurance, Xiang Junbo, former chairman of China Insurance Regulatory Commission, Wang Yincheng, former president of PICC Group and Wu Xiaohui, former chairman of Anbang Insurance Group. It is also a fatal blow to Huaan Insurance with poor performance.
From the annual report of 20 17, it can be seen that the net profit of Huaan Insurance dropped sharply from 763 million yuan in 20 15 to 42 million yuan in 20 17, with a shrinkage rate of 94.52% in two years.
Although they are all capital predators, they have been hidden behind the scenes for a long time, so that after Jingda announced that Li Guangrong was arrested by the court on April 26th, the market reaction was not great. Compared with the "surging clouds" when the Anbang incident occurred, this time it seemed too calm.
However, there is another saying-still water is deep, calm and low-key, which cannot hide Li Guangrong's dominant position in the market. Relevant information shows that Li not only has an unusual relationship with the head of the Delong Department, but also the department he controls was once considered by relevant people to be related to the Delong Department and was once considered as a branch of the Delong Department.
According to public information, Walter Investment Holdings is an investment holding company with financial investment, financial consultancy, investment management and other investment banking businesses as its core, and featuring enterprise mergers and acquisitions, financial research services and venture capital. It consists of investment bank headquarters, investment management headquarters, China postdoctoral Walter Research Workstation and Beijing Walter Institute of Finance and Economics and other departments and institutions. 1998, Li Guangrong established a company in Guangzhou, and then moved its headquarters to Beijing Financial Street.
In 2002, Walter Investment Holdings became the largest shareholder of Huaan Insurance. According to the regulatory regulations at that time, the acquisition of more than 65,438+00% shares of domestic insurance companies required special regulatory approval. Therefore, Li Guangrong joined six affiliated companies to acquire Huaan Insurance, and Walter Holdings successfully controlled its acquisition ratio within 10%. But in the end, he successfully acquired 70% shares of Huaan Insurance from OCT Group, Shenzhen Airport Group and Sanjiu Group for 290 million yuan. Since then, Huaan Insurance has become the first privately-held property insurance company in China, and Li Ziran has become the actual controller of Huaan Insurance.
After entering Huaan Insurance, Li Guangrong's series of actions further confirmed his close relationship with Delong Department. Hunan Xianghui Asset Management Co., Ltd. (hereinafter referred to as "Hunan Xianghui") not only became a shareholder of Huaan Insurance (Hunan Xianghui holds Huaan Insurance 12. 14% of the shares), but also did not forget to take the latter with him when Walter Investment Holdings invested in Jingda shares.
Li Guangrong is really mysterious, but his skills in the capital market are quite sophisticated. Of course, successfully evading supervision and entering Huaan Insurance is only one of them. In fact, he is also the first "man of insight" in China to explore new ways of playing non-life insurance investment products.
As early as 2004, Li Guangrong dared to "test the water" and led Huaan Insurance to sell non-life insurance investment products. In 2007, in order to pursue the stock market dividend, Li made a bold move, even at the expense of compressing his regular business and turning to wealth management business in an all-round way. Undeniably, with the help of the hot market of the capital market and the massive sales of investment products, Huaan Insurance has indeed achieved excess returns. According to media reports at that time, from July 2004 to 2007, the cumulative sales of wealth management products of the company reached 21800 million yuan, and in 2008 it was as high as 654,380+0,305 million yuan. It is reported that only the investment income generated by Huaan Insurance's investment business in 2006 balanced all the losses of the company's previous auto insurance business, and even a book profit of 80 million yuan appeared. In 2007, the comprehensive rate of return of Huaan Insurance reached an astonishing 32.5%.
With the arrival of the financial crisis in 2008, the domestic capital market fell sharply, and Huaan Insurance was also faced with the cash flow pressure brought by wanton sales of investment products, so it had to return to its regular business from 2009. Since then, Huaan Insurance has also entered a "tepid" state, and the scenery is no longer there.
But for Li Guangrong, all this may not be very important. Because, as the head of Walter Department, Li Guangrong's layout in the insurance industry is not just a property insurance company. In August of 20 13, Hua' an Treasure Asset Management Co., Ltd. was jointly established by Walter Investment Holdings and Hua' an Insurance, and obtained the license of valuable insurance asset management with a registered capital of 200 million yuan.
According to industrial and commercial data, from August 20 14 to September 20 17, Li Guangrong was the chairman of Bohai Trust, the second largest shareholder of Huaan Insurance. It is worth noting that in terms of equity relationship, only from the public information, there is no connection between Walter Investment, Huaan Insurance and Bohai Trust. 2065438+In September 2007, Li resigned as the chairman of Bohai Trust when his Bohai Financial Holdings failed to acquire Guangzhou Zeda shares.
As the saying goes, Li Guangrong not only served as the chairman of Walter Investment Holdings, Huaan Insurance and Huaan Asset Management, but also co-founded China Minsheng Investment Co., Ltd. (hereinafter referred to as "China Minsheng Investment") with a registered capital of 50 billion yuan on 20 14. According to relevant information, Li Guangrong once elaborated the strategy of "building a financial control group from insurance" as the executive director of China Minsheng Investment Corporation and the chairman of the advisory committee of the board of directors. At present, Walter Investment still holds a 2% stake in China Minsheng Investment. However, the official website of China People's Vote has been unable to search for information related to Li Guangrong.