On the eve of the formal implementation of franchising, "financial control" is surging.
Recently, the reporter of China Business News noticed that Chongqing Caixin Enterprise Group Co., Ltd. (hereinafter referred to as "Chongqing Caixin Group") is financing through multiple channels. According to the information held by the reporter, the scale of three financing projects of Chongqing Caixin Group and its subsidiaries alone has reached 2.5 billion yuan, and these financing projects are quite novel in product structure, all of which pass through the trust nested gold exchange, and the product yield is much higher than the average yield of trust products on the market at present. In addition, the equity of Chongqing Caixin Group was also pledged on a large scale.
It is worth mentioning that Chongqing Caixin Group has cleaned up the equity of one of its insurance companies twice and listed the equity of another insurance company, and the "financial control" strategy has shrunk significantly.
Brilliant for a while
It is understood that Chongqing Caixin Group is transferring part of the equity of its trust company by way of capital increase.
Previously, on July 1 day, 2065438, Huatai Insurance Group disclosed a change in equity, which showed that four companies, including Chongqing Caixin Group (holding shares 1. 1425%), planned to transfer all the shares of Huatai Insurance Group to Longjing Industrial Group Co., Ltd., and industrial and commercial data showed that Chongqing Caixin Group was no longer among the shareholders of Huatai Insurance Group.
Previously, in June 20 19, 5% equity of Ancheng Property Insurance was listed and transferred on the Shanghai United Assets and Equity Exchange, and the transferor was Chongqing Caixin Group. After the above equity transfer is completed, Chongqing Caixin Group will completely withdraw from Ancheng Property Insurance. The reporter noted that during the period from1October 20 18 1 12 to February 14, Chongqing Caixin Group also publicly listed its shares on the Chongqing United Assets and Equity Exchange.
However, many years ago, Chongqing Caixin Group has continuously invested in the equity of financial institutions, and has long been a veritable invisible "financial crocodile".
According to public information, in April 2009, Chongqing Caixin Group established Chongqing Jiangbei Juxing Microfinance Co., Ltd. with a registered capital of 500 million yuan, mainly engaged in various loans, bill discount, asset transfer and other businesses. The introduction materials of Chongqing Caixin Group's trust and wealth management products released by a financial institution show that Chongqing Caixin Group's investment and mergers and acquisitions in the financial field involve insurance, banks, trusts, funds, small loans and other fields, with a total investment of more than 5 billion yuan.
2014110/0. When Chongqing Yufu Management Co., Ltd. intends to transfer the controlling stake in Southwest Securities, Chongqing Caixin Group is also one of the four interested parties eager to try. 2065438+In February 2006, Chongqing Caixin Group also launched the first acquisition of overseas stock exchanges by China enterprises. The acquisition target is Chicago Stock Exchange, which was established in 1882. However, these two share purchase plans were unsuccessful.
Up to now, Chongqing Caixin Group has directly or indirectly participated in the financial institutions including property insurance, life insurance, rural banks, rural commercial banks and trusts.
High interest financing
In addition to shrinking the financial layout, our reporter also noticed that Chongqing Caixin Group is currently financing on a large scale through multiple channels.
For example, Caixin Group's debt investment collective fund trust plan issued by a trust company in the west has a financing scale of 65.438+0.3 billion yuan, and the trust period is divided into 654.38+08 months, 265.438+0 months and 24 months. All the funds raised are used to subscribe for Chongqing Caixin Enterprise Group Co., Ltd., which is listed and issued by Beijing Financial Assets Exchange. The product yield is 8.5% ~ 654.38.
According to the product information obtained by the reporter, the total issuance scale of "Chongqing Caixin Enterprise Group Co., Ltd. Debt Financing Plan" listed on Beijing Financial Assets Exchange is no more than 2 billion yuan, and it is expected to be issued in mid-September of 20 19, with a term of no more than 3 years (the term can be customized). Also in September, 2065438+2009, the above-mentioned Western Trust Company completed the Report on the Completion of Chongqing Caixin Group's Debt Investment Collective Fund Trust Plan on the Debt Financing Plan of Chongqing Caixin Enterprise Group Co., Ltd. invested in Beijing Financial Assets Exchange. Until recently, this product was still being proposed.
Chongqing Cai Mao Collective Fund Trust Plan issued by a trust company in the northern region is financed by Chongqing Cai Mao Materials Co., Ltd., with a total financing scale of no more than 300 million yuan and a performance benchmark of 8.2%/ year to 8.4%/ year. The funds were used to subscribe for "private placement bondNo. 1No. of Chongqing Cai Mao Materials Co., Ltd. in 2020", and Chongqing Caixin Group and its actual controller Lu Shengju and his wife repaid the principal and interest of Chongqing Cai Mao's private debt. Among them, the filing institution of "Chongqing Cai Mao Materials Co., Ltd. private placement bond No.2020 1" is Wuhan Financial Assets Exchange.
Chongqing Caixin Collective Trust Plan issued by another trust company in the northern region is financed by Chongqing Caixin Environmental Protection Investment Co., Ltd., with a trust scale of 200 million yuan and a term of 12 months. The annualized income of the trust is 9%~9.5%, and the funds are used to supplement Caixin environmental protection liquidity, and the guarantor is Chongqing Caixin Group.
It is worth mentioning that the yield of related wealth management products of Chongqing Caixin Group is between 8%- 10%, which is significantly higher than the current average market yield of trust products. According to the data of Yiyi Trust Network on September 3rd, in August, 53 trust companies established 1420 collective trust products, with an average yield of 6.78%, down 0.28 percentage points from the previous month and 1.33 percentage points from the same period last year.
Earlier, Zhou, vice president of the Institute of Financial Supervision, said in an interview with this reporter that the debt financing plan filed by the Gold Exchange is very clear and belongs to the "non-standard" nature. Trust products invest in this kind of SPV (special purpose carrier, here refers to the products registered in the gold exchange of trust investment), which shows that trust companies continue to sink their credit in the "non-standard" field and look for assets with higher returns under the general trend of the overall decline of trust products, which also means the synchronization of risks.
Money is tight?
2019165438+1October 30, Caixin Development (000838. SZ), its holding Chongqing Caixin Real Estate Development Co., Ltd. (hereinafter referred to as Caixin Real Estate) announced that as of the disclosure date of the announcement, Caixin Real Estate, the actual controller of Caixin Development, has pledged 98.53% of its shares. Previously, on June 22nd, 165438+ Caixin Development announced that Caixin Real Estate, the actual controller of Caixin Development, had pledged 100% of the shares. According to industrial and commercial data, Caixin Real Estate is a wholly-owned subsidiary of Chongqing Caixin Group.
In addition, the equity of life insurance company and Ancheng Property Insurance held by Chongqing Caixin Group were also pledged, with the former being 65,438+000% and the latter being over 80%.
It is worth mentioning that Nong Yu Commercial Bank (60 1077. SH) It was announced in March this year that "Chongqing Caixin Enterprise Group Co., Ltd. and its related parties were granted a comprehensive credit line of 9.979 billion yuan after deliberation at the 30th meeting of the 4th Board of Directors of Chongqing Rural Commercial Bank Co., Ltd."
This move triggered investors' doubts about Chongqing Rural Commercial Bank. "Chongqing Caixin Group, as one of the top ten shareholders, pledged 220 million shares. Does it mean that there is a problem with its capital chain? The company granted credit of 9.9 billion yuan to Chongqing Caixin Group. Has there been any investigation to confirm whether Chongqing Caixin Group's large amount of pledged shares is because of the great risk in the capital chain? Whether the company's credit to Chongqing Caixin Group is an export of benefits. " In this regard, the Secretary of the Board of Directors of Nong Yu Commercial Bank replied, "As of 20 19 12 3 1, the number of shares held by Chongqing Caixin Group is 443 10/00000, of which 22150000 are pledged shares. The pledged shares have been filed by the Board of Directors of the Bank, and the pledge registration procedures have been completed. "
Regarding the above-mentioned credit line of 9.979 billion yuan, Chongqing Caixin Group has used it. The reporter called and wrote to Nong Yu Commercial Bank, but as of press time, there was no response.
According to the survey, in addition to the trust companies involved in the above three trust wealth management products, since the second half of 20 19, Chongqing Caixin Group and its subsidiaries have pledged their shares to at least two other trust companies, three banks and two financial leasing companies.
A person from the wealth department of a trust company who recently issued wealth management products for Chongqing Caixin Group told reporters that Chongqing Caixin Group is very short of funds and is financing everywhere.
When our reporter conducted product consultation as an investor, a third-party wealth person who sold the trust products of Chongqing Caixin Group said that the trust wealth management products of Chongqing Caixin Group had been removed from the shelves. The reason is that Chongqing Caixin Group is currently financing through a large number of financial institutions, with high yield, poor financial situation and moral hazard.