557. Chapter 557 Stage Asset Inventory

Author: Banlou Yaofeng

Chapter 557 Stage Asset Inventory

"Glory is an innovative company, but innovation is a high-risk activity. How do we quickly correct when we make mistakes, how do we maintain internal vitality, and how do we treat losers in innovation..."

“It is necessary to distinguish mistakes and errors in exploratory experiments from unintentional mistakes made to advance work, and violations for personal gain...”

Qu Li is improving the management system at Glory and wants to establish a complete fault-tolerant feedback and error-correction mechanism internally. Dealing with the risks brought by innovation is only one of them. The more important thing is to avoid the risks caused by management mistakes in decision-making.

This issue is relatively high-end. It is still under discussion and no specific plan has been formed yet.

Without waiting for the release of Honor 5, Fanxing Fund, Xiangjiang Fortune, and the Yellow River Upstream and Downstream Company formally signed an agreement to jointly develop the Talatan Water, Lighting, and Animal Husbandry Integration Project, of which Huanghe Company is the main operator. The conclusion of this agreement means that Fanxing Fund has officially launched

for their own public welfare undertakings.

Not many people in China paid attention to this news, but more people discussed Zhang Yiwen because Xiangjiang Fortune recently officially announced that it has taken control of China United Insurance, an insurance company that is suffering from losses and heavy debts.

The specific acquisition plan is very complicated. As a state-owned and private local state-owned enterprise, Xiangcai paid a much higher acquisition price than Oriental Asset, investing approximately 8.5 billion to hold 51% of the company.

China United Insurance is quite special. It owns both property and casualty insurance and life insurance. Although it was profitable last year, its debt ratio was very high and its solvency adequacy ratio was lower than the standards of the relevant departments. Let alone this insurance company that grew up from the border areas.

, the internal governance capabilities are questionable. Those who want to buy are not qualified, and those who are qualified do not want to buy because they find it troublesome. State-owned and private financial holding companies are barely qualified.

In this way, Xiangjiang Fortune has gathered financial licenses for insurance, banking, securities, funds, trusts, small loans, etc. It should be regarded as a financial holding company with full financial licenses.

This is not new, many state-owned capitals have done it. However, Zhang Yiwen, a beautiful woman, frequently appears in public instead of Xiangjiang Fortune. Not only does she show excellent work ability, but she is also a great beauty. This creates the phenomenon of "breaking the circle"

chemical reaction.

Zhang Yiwen started from securities private equity, set up his own business, was acquired by Xiangjiang Investment, returned to public equity, led the wealth fund to become the top 10 public funds in the country, and made Xiangjiang Investment the top private equity fund in the country. It was logical that he became the spokesperson of Xiangjiang Wealth. His whole life was full of

A legendary color.

Some people call Zhang Yiwen the "financial goddess" in China. She has established an encyclopedia forum and seems to have a fan support club. She has everything Chen Danlin has.

"Why did Xiangjiang Fortune acquire China United Insurance?" a reporter asked Zhang Yiwen

"Because we want to collect all financial licenses." Zhang Yiwen said with a smile: "Just kidding, we think the price is acceptable. There is still a lot of room for growth in the domestic insurance market, but the channels will undergo huge changes. Banks

The proportion of it..."

Zhang Yiwen gave a detailed explanation of the acquisition in a media interview, saying he was optimistic about the development of the insurance industry and was confident of doing a good job in the insurance business.

She is confident in saying these words. With Qu Li's relationship, she can enter BYD, which has a bright future; she can also cooperate with Jumei Financial to develop various life insurance businesses, such as investment-linked insurance, life insurance, and million medical

Insurance, etc. In other words, regardless of whether China United's previous team acted like a monster or not, Zhang Yiwen can promote the growth of the company's performance, and then rely on "performance" to gain actual control of the company.

Xiangjiang Fortune has many cooperations with Jumei and Glory. Interested people have already doubted the relationship between Zhang Yiwen and Qu Li. There are many "rumors" about the two on the Internet, but fortunately not many people believe it.

It’s a pity that cooperation will continue and scandal rumors will continue. Jumei’s version of Yu’e Bao has been put into small-scale internal testing and will be officially launched after the two sessions next year. Why did you choose this time? There are so many reasons and no reason!

Jumei intends to sell insurance and wealth management products. Following the example of Ant, in ten years the money they earn from selling insurance will account for 8% of Ant’s total revenue, and the money they earn from sales of wealth management and funds such as Yu’e Bao will account for about 15%.

Beijiebei accounts for 35%, and payment of transaction commissions accounts for 42%. Considering Ant's overall revenue of more than 100 billion, it seems not small, and the domestic insurance scale has reached 4 trillion, which is a very big market.

With the completion of this acquisition, Xiangjiang Fortune's layout in the financial sector has been basically perfected. From now on, it will be managed with heart: "Don't be a showman. Jumei Glory's traffic support is very important, but the company's own professional capabilities are the foundation..."

"Don't worry, although I'm not as good as you, I'm not a freeloader." Zhang Yiwen said confidently.

Qu Li doesn't have much interest in Xiangjiang Fortune. Although he is the single largest shareholder of this company, this asset will eventually be left to his and Zhang Yiwen's children, and the control is in Zhang Yiwen's hands. Qu Li can only indirectly

affect the company's operations.

Another similar company is Vision Investment. Qu Li was originally the controlling shareholder. Later, he distanced himself from the relationship in order to go public with Jumei and Honor. However, many assets are still managed by them through the "Tianming Fund".

Tianming Fund's main industries are equity investment and stock assets. For example, it is still the major shareholder of Twitter, holds shares in Japan's Itochu and Sony, and domestic photovoltaic lithium battery companies. These are all handed over to Chen Danlin. The assets she controls include Fenghua

Guo (Danlin Women's Clothing and Shein), Yinghe Telecom, Yinghe Real Estate.

As for Qu Li, his shareholding ratio in Honor and Jumei is around 30%, and his voting rights exceed 70%, but he has promised to donate all of them to Fanxing Fund. In the future, Qu Li will give up his super voting rights and let Fanxing Fund own Jumei and

The glorious veto power.

In addition, Fanxing Fund established Galaxy Power and invested in sea rice, quantum communications, photovoltaic ranches, and ant forests. Based on these foundations, many vest companies may be established.

Fanxing Fund also controls CMEC. Through this IPO in Xiangjiang, Qu Li has become the largest individual shareholder of CMCG, holding about 7% of the shares; Jumei controls Xiangyun, which has been listed on the A-share market. Qu Li has no shares.

, at the same time, Jumei is also the controlling shareholder of Time, and Qu Li personally holds a small amount of shares in Time (WeChat), which seems to be about 7%.

This should be very clear, right? It seems like a complicated system, but in fact only Jumei, Honor and Qiancheng need to invest a lot of energy, followed by Galaxy Power; as the two companies mature, Qu Li will be directly responsible in the future

The only ones that may be involved are Qiancheng Geometry and Galaxy Power. Other businesses such as Xiangjiang Fortune, Yinghe Real Estate and Jumei Glory are more or less related, but his woman is in charge.
Chapter completed!