The actual controller Xie Zhikun passed away suddenly
Where does the "Zhongzhi Group" trillion financial group go?
On December 18, Zhongzhi Enterprise Group issued an obituary stating that the group founder Xie Zhikun died of a heart attack and died in Beijing at 9:40 on December 18, 2021 at the age of 61.
For the public, Jie Zhikun, who has always been low-key, is the husband of singer Mao Amin and a ten billionaire who has always been on the rich list; The younger brother of Xie Zhichun, general manager of Central Huijin.
After Xie Zhikun's sudden death, what should Zhongzhi Department do?
Used to be a printing factory worker
Ranked 241st on the Hurun List with 26 billion wealth
Public information shows that Xie Zhikun was born in Heilongjiang Province in January 1961, originally named Xie Zhikun.
In the 1980s, Xie Zhikun became a worker at the printing plant in Wuying District, Xiaoxing'anling, Northeast China. Later, the printing plant suffered losses. He was appointed as the factory director because of his outstanding ability. After the contract, the operation of the printing plant in Wuying District improved greatly.
Since then, he has accumulated Jie Zhikun, and successively opened a pasta factory, a clothing factory, a wood storage factory, a cement factory and a breeding farm.
Xie Zhikun relied on the wood storage factory to resell the red pine, made a fortune, and established the Zhongzhi Group.
It is worth noting that Xie Zhikun is more than one of the masters of the Xie family.
Xie Zhikun's older brother, Xie Zhichun, became the president of Everbright Securities in 2001.
The Zhongzhi Group under the leadership of Xie Zhikun also began to get involved in the financial field at about this time.
In the following year, Zhongzhi Group established Zhongrong Trust with five units including Harbin State-owned Assets Supervision and Administration Commission and Heilongjiang Mudanjiang New Materials Company.
Taking the Zhongrong Trust as the starting point, the Zhongzhi system takes root and sprouts, opening branches and loose leaves.
After years of deployment, it has owned multiple financial licenses such as trust, insurance, futures, public offering, private placement, etc. Its financial investment, wealth management, new finance and other businesses have blossomed, and the group's asset management scale has exceeded one trillion yuan.
According to the information on the official website of Zhongzhi Group, the group has now formed an "industry + finance" dual main business model, and has gradually developed into a comprehensive enterprise group covering real industries, asset management, financial services, wealth management and other fields.
In the industrial sector, the Group relies on the ten listed companies and unicorn cultivation platforms that it holds, and vigorously develops industry leaders such as semiconductors, big data, big consumption, big health, early childhood education, new energy vehicles, eco-environmental protection, and corporate outsourcing services. .
In Inner Mongolia, Shanxi, Guizhou, Yunnan and other provinces (regions), 4.5 billion tons of coal reserves have been proven, involving more than 30 mining rights and prospecting rights, and the designed production capacity exceeds 20 million tons per year.
Metal and non-metal mines spread across 12 provinces across the country.
In the financial sector, the group strategically controls or participates in six licensed financial institutions, including Zhongrong Trust, Zhongrong Fund, Hengqin Life Insurance, Hengbang Property Insurance, Zhongrong Huixin Futures and Tianke Jiahao Pawnshop.
Controlling or participating in five asset management companies, including Zhonghai Shengrong, Zhongzhi International, Zhongxin Sunac, Zhongzhi Capital, and First Top Rongsheng.
Holding or participating in four wealth management companies, namely Hengtian Wealth, Xinhu Wealth, Datang Wealth, and Gaosheng Wealth, provide professional integrated financial services for high-net-worth clients.
According to Tianyancha APP, there are 8 affiliated companies of Jie Zhikun, among them, Zhonghai Shengfeng (Beijing) Capital Management Co., Ltd. holds 100% holdings, and the company holds 76% of Zhongzhi Enterprise Group Co., Ltd. (hereinafter referred to as "Zhongzhi Group"). Equity.
According to the 2021 Hurun Report, Jie Zhikun ranked 241st with a fortune of 26 billion yuan.
The funeral committee has many relatives and friends
Nephew Liu Yang is currently acting as an agent to preside over the work of the group
Zhongzhi Group stated that due to the sudden incident, it was entrusted by the family of Mr. Zhikun Xie and after discussion and decision by the management of the group, the chairman of Zhongrong Trust, Mr. Liu Yang, will act as an agent to preside over the overall work.
Liu Yang is also Xie Zhikun's nephew and the son of his eldest sister.
On the official website of Zhongzhi, Xie Zhikun made his last public appearance on August 26, attending the donation and strategic cooperation signing ceremony between Zhongzhi Enterprise Group and China University of Political Science and Law.
In addition to Xie Zhikun, the company's chief economist Wang Yungui, chief operating officer Niu Zhanbin, chief risk control officer Yan Maokun, chief wealth management officer Wu Jianhua, chief resource officer Luo Yinyu, chief human resource officer Wang Yu, and chief financial officer Ma Hongying were all present.
In the funeral committee list released by Zhongzhi Group, in addition to these executives, there are also several relatives who know Zhi Kun.
The chairman of the funeral committee is Liu Yang, his nephew. Among the members are his wife Mao Amin, brothers and brothers Xie Zhichun and Xie Zhiqiu, and nephew Xie Zizheng.
Four "outsiders" appeared on the list. They were Yu Dong, the actual controller of Bona Pictures, Xu Rongmao, Chairman of the Board of Shimao Group, and Chen Kaige and Chen Hong, well-known film and television professionals. They were Jie Zhikun’s business partners and partners. Buddy.
However, no children of Xie Zhikun appeared on the list.
According to public information, Xie Zhikun and Mao Amin’s daughter is 17 years old and their son is 14 years old, both of whom are underage.
However, Xie Zhikun and his ex-wife also have an adult daughter, Xie Huiluo.
According to Tianyan Check information, Zhongzhi Enterprise Group has three shareholders. In addition to Zhonghai Shengfeng, which understands Zhikun’s 100% control, there are also two natural person shareholders, Liu Yiliang, who holds 16% of shares, and Xie Huizhuo, who holds 8% of shares.
Sitting on a huge financial landscape
Zhongzhi Group holds more than 30 listed companies
The "Zhongzhi Department" under Jie Zhikun has been active in the capital market frequently. After years of operation, the "Zhongzhi Department" has a huge financial territory.
Industry insiders pointed out that the four wealth management companies of Hengtian Wealth, Xinhu Wealth, Datang Wealth, Gaosheng Wealth, and Zhongrong Trust have strong fund-raising capabilities, which provide Zhongzhi Department with "exploitation" in the capital market. Ample ammunition.
Information on the official website shows that Zhongrong Trust was formerly known as Harbin International Trust and Investment Company, which was renamed Zhongrong International Trust and Investment Co., Ltd. in 2002 after reorganization.
From the perspective of shareholding, Zhongrong Trust’s largest shareholder is Jingwei Textile Machinery Co., Ltd., holding 37.46975%. The actual controller of the company is China National Machinery Industry Corporation, which is managed by the State-owned Assets Supervision and Administration Commission; Zhongzhi Group holds shares. 32.98642%, after penetration, Xie Zhikun holds 25.07% of the shares.
In terms of management scale, as of the end of 2020, Zhongrong Trust has its own assets of 28.558 billion yuan (consolidated), and the total scale of assets under management of the company and its subsidiaries is 889.883 billion yuan.
On the evening of the 18th, Zhongrong Trust stated that “the incident has no material impact on the company’s operations and project operations. At present, the company’s operations and project operations are all normal.”
Hengtian Wealth was born in the No.1 Wealth Center under Zhongrong Trust, and it mainly sold trust products in the early stage. Zhongzhi Wealth Holdings Co., Ltd. under Xie Zhikun holds 45.11% of the shares.
Xinhu Wealth, Datang Wealth, and Gaosheng Wealth are all controlled by Jie Zhikun through the wholly-owned Zhongzhi Wealth Holding. After the equity penetration, Jie Zhikun holds 47.22%, 85%, and 90% of the shares, respectively.
Among the four major wealth management companies, Hengtian has the largest wealth management scale.
As of the end of November 2021, Hengtian Wealth's cumulative asset allocation scale has reached RMB 1.5 trillion.
According to data from Xinhu Wealth’s official website, its latest cumulative asset allocation has exceeded 1.3 trillion yuan; as of the end of 2020, Datang Wealth’s cumulative asset allocation has exceeded 700 billion yuan, and Gaosheng Wealth’s asset allocation has also exceeded 100 billion yuan. .
In May last year, Caixin reported that the five subsidiaries of Zhongzhi Group, Zhongzhi Fortune, Hengtian Fortune, Datang Fortune, Gaosheng Fortune, and Xinhu Fortune, had total assets under management of 700 to 800 billion yuan, equivalent to 1.5 Baoshang Bank.
The "2020 China Top 20 Independent Wealth Management Companies List" released this year shows that Hengtian Wealth, Xinhu Wealth, Datang Wealth, and Gaosheng Wealth ranked in the 2nd, 3rd, 4th and 11th place.
Over the years, Zhongrong Trust and four wealth management companies have provided continuous financial support for Zhongzhi Department. Through repeated use of the "PE+ listed company model", Zhongzhi Department participated in controlling more than 30 listed companies in the past few years. Among them, there are at least 9 listed companies with holdings.
pay attention to
"Zhongzhi Department" was exposed to use the "pseudo gold exchange" to issue wealth management products that may exceed 100 billion yuan
It is worth noting that in recent years, many private equity products sold or actively managed by Hengtian Wealth have experienced default problems of varying degrees.
On December 19, Hengtian Wealth’s official WeChat account issued a letter to customers stating that, as one of Hengtian Wealth’s shareholders, Zhongzhi Enterprise Group and its founder Xie Zhikun have always provided strong support for the development of Hengtian Wealth. And help.
Hengtian Wealth was formally established in March 2011. Shareholders will guide and empower the company in terms of corporate governance and major strategic decisions in accordance with the law, but it does not involve specific operations and business development.
In addition to Hengtian Wealth, other wealth management companies of the Zhongzhi Group have also been questioned by the media for violations.
After the release of the new asset management regulations in 2018, the supervision of non-standard private equity became stricter, and the four major wealth companies of Zhongzhi Group began to move to the local financial exchanges to sell Dingrong products.
As the regulatory authorities stepped up efforts to clean up and rectify tripartite wealth management, in December last year, the news that “Jiangsu Nantong third-party wealth company was cleared and cancelled” aroused market attention. Many tripartite wealth companies have branches in Nantong. It was cancelled, including branches of Zhongzhi Wealth Management Company such as Xinhu Wealth and Datang Wealth.
On September 24 this year, the Securities Times published an article titled "Periphery 丨 "Pseudo Gold Exchange": Hidden in "Poor Country", Secretly Helping Real Estate Enterprises and Asset Management The underground financing industry chain formed by the Golden Exchange.
The article pointed out: Some "pheasant platforms" under the banner of "Golden Exchange" have built a new underground financing channel for illegally issuing "financial products" for industries such as real estate and tripartite wealth. They are suspected of self-financing and transfusion for related companies. Including three fortune companies under Zhongzhi Department: Datang, Hengtian, and Xinhu.
According to the rough statistics of the article, these three companies use the "pseudo gold exchange" as a financing channel to issue a large number of wealth management products, with a scale of at least 100 billion yuan.
These product financiers are all companies such as Zhongzhi Qixing, Zhongzhi Chuangxin, Zhongzhi International, Zhonghai Shengrong, etc., after the penetration, the actual control person is Jie Zhikun, the interest rate ranges from 8% to 12%, and the investment directions are all "supplementary" The issuer’s liquidity".
According to the article, these incessant funds have become a huge pool of funds of the Zhongzhi Department, and there is little supervision and unclear whereabouts.
The financial risks hidden behind the "pseudo gold exchange" have been paid attention to by regulators.
In fact, the regulatory authorities have made repeated orders and applications to prohibit the China Stock Exchange from providing channel services for such wealth management products issued to individual investors.
On December 13 this year, the chairman of the China Securities Regulatory Commission, Yi Huiman, presided over a party committee (enlarged) meeting.
It mentioned that “it is necessary to steadily resolve the risk of default of creditor’s rights, and carry out in-depth rectification of risks such as'pseudo private equity' and'pseudo gold exchanges'.”
On December 17, the relevant departments of the China Securities Regulatory Commission sent a letter to 29 provincial government offices with financial exchanges within their jurisdiction, requesting to immediately organize provincial-level local financial supervision bureaus and dispatched agencies of the two associations to carry out on-site inspections of financial exchanges within their jurisdictions Work: Organize and convene on-site inspection work video conferences, report violations of the China Stock Exchange, and clarify specific work requirements.
Text/Reporter Cheng Jie