Chapter 1442 Holding Tianhong

March 6th.

Originally, Li Dong wanted to see Lao Du's two guards today, but early in the morning, Bai Su called and Cao Jinsheng came back.

Since Yuanfang established 18 subsidiaries not long ago, Cao Jinsheng began to change from the president of the business group to the general manager of the subsidiary.

As for Yuanfang Financial Co., Ltd., although it is not well-known in the country, it is by no means an existence that can be ignored.

Since Li Dong launched the banner of Internet finance at the Internet Conference in 2008, and with the issuance of Internet payment licenses by the central bank, this series of changes means that the Internet finance industry has been on the right track.

It can be formalized, but it does not mean that Internet finance has become the mainstream of the financial industry.

At present, none of the IT giants has set foot in the fund industry.

However, as soon as Li Dong came up with the term "virtual currency fund", Yuanfang, Ali, and Tencent have all started to contact fund companies.

Compared with the other two, because Li Dong selected the cooperation partner in advance, the negotiation progress is actually the fastest one.

...

When Li Dong arrived at the company, Cao Jinsheng was already waiting in Li Dong's office.

When Li Dong entered, Cao Jinsheng was not in a hurry to speak.

After Li Dong took off his coat and Bai Su came in with tea, Cao Jinsheng said, "Mr. Li, the cooperation plan with Tianhong Fund has been roughly negotiated."

"Show me the file."

Cao Jinsheng hastily handed over the document in his hand.

Li Dong took a look, raised his head and asked, "Is Tianhong's scale considered large or small?"

He's not a professional and doesn't know much about it.

But the first page of the document is the statistics of Tianhong Fund's assets under management.

As of February 2009, the total managed capital of Tianhong Fund was 4.2 billion.

This number, in Li Dong's opinion, is too weak, too weak.

He actually doesn't understand this industry, but Li Dong knows that not long after Yu'ebao appeared in the later generations, the management scale of Tianhong Fund exceeded 500 billion, and soon broke through trillions.

Compared with the current 4.2 billion, it is simply incomparable.

However, Tianhong Fund is one of the few fund companies that has obtained a public fund license. In Li Dong's view, no matter how weak it is, it will not be so weak.

What does this mean?

It shows that the entire industry should not be large at present.

Sure enough, Cao Jinsheng immediately said: "The scale is relatively weak, but it is not the weakest. The key is that Huaxia does not approve of the fund management model.

Especially since 2008, the stock market has plummeted, and some stock fund companies have suffered serious losses.

This has also led to a depression in the entire industry.

At present, China Asset Management, which ranks first, has a management asset scale of just over 200 billion yuan.

The second E Fund is less than 150 billion.

Of course, compared with these fund companies, Tianhong is still very weak.

The key point is that our purpose is to backdoor, and it is not easy to get a public fund license at present.

If we prepare it ourselves, it will be very troublesome.

It is still very worthwhile to invest in a small-scale, unreputable public fund company with a strong background.

Mr. Li's vision is superhuman. Other public fund companies, even if they are stronger than Tianhong, are still difficult to control.

Tianhong has better control than those fund companies. "

Li Dong smiled and said nothing, and continued to read the file.

At the end, Li Dong raised his head again and said, "220 million? Is it too high or too low?"

According to the preliminary agreement reached by the two parties, the current registered capital of Tianhong is RMB 100 million.

As for Yuanfang, it invested 220 million yuan and subscribed for a registered capital of 105 million yuan.

This is a capital increase and share expansion. After the capital increase, the total registered capital reached 205 million, and Yuanfang accounted for 51.2% of the shares.

Of course, registered capital does not represent total assets, nor does it represent net assets.

It seems that Yuanfang spent 220 million yuan to increase the registered capital of 105 million yuan, and it seems that it has lost more than 100 million yuan.

In fact, the accounts are not calculated that way.

The reason why there is no direct purchase of equity or shares, but to increase the registered capital is also a policy requirement.

This kind of fund company is more suitable for holding in this way.

Cao Jinsheng immediately said after hearing the words: "It's a bit inflated, Tianhong has not made a profit in the past few years, and the addition of fixed assets is not much, and there are not many intangible assets.

The key lies in the public offering fund license and the time we are now asking for.

Tianhong also promised that they will overcome the China Securities Regulatory Commission and try to pass it as quickly as possible.

As for the launch of the new type of fund, they are all handled by them, and they are absolutely guaranteed to pass the review. "

Li Dong said with a smile: "The scale is not big, and the tone is not small. It seems that it is different with the government as the backer."

At this time, Tianhong has not yet introduced Junzheng, and the original three major shareholders still hold shares.

Weapon Finance, Jinmen Trust, and Zhangze Power, these are the three original shareholders of Tianhong Fund.

Now, Li Dong entered and obtained a controlling stake in Tianhong Fund at a price of 220 million yuan. The three companies did not have much opinion.

On the one hand, Tianhong is now very small, and there is almost no profit in sight.

On the other hand, Zhangze Electric Power has been mentioning the withdrawal last year, and the other two companies are not too eager to take over the offer. Li Dong is here now, which is just right.

Of course, when the distance came, Zhangze Electric Power suddenly changed its mind again and did not retreat!

In this regard, the distance here naturally has no idea.

The other two contempt is despise, there is no way to really drive each other away.

If it were them, they wouldn't quit either.

Although Li Dong is not too polite to state-owned enterprises, his idea of ​​making money is mostly true, and he must make money every time, without exception.

Now that Yuanfang chooses to enter Tianhong Fund, it must have taken action.

If you work with Li Dong, you might make a lot of money.

State-owned enterprises are also enterprises. There is no enterprise that does not want to make money. If they really don’t want to make money, why do the major military groups set up weapon finance?

And domestically, even in the whole world, who can make the most money now?

Li Dong!

So when Yuanfang talked about holding shares this time, it was relatively easy.

For ordinary people and ordinary enterprises, unless it is really impossible to sustain, otherwise, it is so simple to agree to be controlled by foreign capital in a few days.

220 million is still within Li Dong's acceptance range.

Not too much, of course, not low.

Don't look at Li Dong's frequent talk of billions and tens of billions now, but it also depends on the target.

The most valuable thing about Tianhong Fund at present is actually their license.

If Li Dong really wants to get it, he might not be able to get it.

However, Li Dong said before that getting a license is not the key, the key is to bind a few people with common interests.

The three original shareholders of Tianhong have very strong connections in the government.

Using them as shields can save Li Dong a lot of trouble.

As for how much money the fund company makes, Li Dong has never paid much attention to it. It is enough to make money. The key lies in the size of the funds controlled.

Since Cao Jinsheng said that 220 million yuan is not too much of a loss, Li Dong didn't delve into it, and immediately said: "Sign the contract quickly, and finalize the holding.

It's a bit troublesome for us to get this thing, let them get it, speed up.

Tell them, hang out with me, Li Dong, among other things, making money is certain.

However, the premise is to listen to me!

Some routines don't need to be used on me. There are so many national fund companies, I don't have to rely on them.

There are many people who want to cooperate with Li Dong, and Tianhong does not have an absolute advantage.

I just invested in China Fund, and the other party has no objection.

Today, March 6th, before the 15th, I want to see the contract officially come into effect.

For the Jinmen State-owned Assets Supervision and Administration Commission and the China Securities Regulatory Commission, we will not come forward, and they will solve everything. "

It is related to finance and state-owned assets, and must be approved by the local SASAC and the China Securities Regulatory Commission before the holding agreement between Yuanfang and Tianhong will take effect.

As for efficiency, it depends on the person.

In the previous life, Ali was almost dragged to despair because of efficiency issues, and it took more than a year to complete a holding.

Li Dong would not be polite to them, if he wanted to make money, he had to do his best.

Regardless of whether it is a state-owned enterprise or a private enterprise, it is not so comfortable to just think about not working and counting money.

Cao Jinsheng nodded quickly and said, "I'll call them right away, and it will be completed around the 15th, so it shouldn't be a big problem.

Strive to complete the establishment of the fund model and access to Wanka by the end of the month.

If all goes well, Yu'ebao should be launched in May. "

Li Dong glanced at him and snorted coldly: "Next time, don't use words like 'strive for' and 'should', what I want is absolute!

Even if you can't do it afterwards, it's your responsibility!

Don't be vague with me anymore, next, Yuanfang Finance is the core key point of Yuanfang's future development!

If you, the head of the sect, are not sure about this, then let Xian.

What I need is not a group of comrades-in-arms who can only shirk! "

"Understood, definitely complete the task!"

Cao Jinsheng responded quickly, probably because he didn't have much contact with Li Dong, and he had already made this mistake once.

Now being warned by Li Dong again, this made Cao Jinsheng a little wary.

There are only three things, and next time, it is not impossible for him to be kicked out by Li Dong.

As for the business of Yuanfang Finance, it occupies the first place in the mobile terminal of Wanka. After Yu'ebao is launched immediately, it will definitely be a core business in the Internet industry.

Even the development of Yuanfang Industry, Li Dong also counts on this.

As the boss of the subsidiary company, there is hope that his reputation will surpass Liu Hong's in the future. If he is kicked out at this time, it will be a tragedy.

"Just know it, go get busy."

Li Dong said again: "Is there a problem with the funds?"

Cao Jinsheng immediately said: "It's a little troublesome, the key is not this, but we are now promoting offline payment business, burning money every day.

Moreover, in the early stage, we also reduced or exempted merchants from fees, and the surplus was not much.

At present, we can’t make ends meet. Two days ago, Mr. Liu and Mr. Yuan and I made reports. The group is trying to find a way to raise funds. "

The Internet industry burns money in the early stage.

Promotion, layout, operation, and infrastructure projects all require money to support.

Wanka has not yet reached the point of profit, even if it has accumulated a lot of funds, it is still not profitable.

The previous part of the accumulated funds also has interest, but this interest is currently used by Li Dong as the fee for user balance transfer and withdrawal.

On this point, the regulatory authorities did not say anything.

The previous interest can't be used in the distance, they can't use it, and it's all put in the bank to eat interest.

Right now, users benefit, banks benefit, and Yuanfang also benefits, which is the best of all three, so Yuanfang's plan was put forward and quickly approved.

The interest has a place to go, the advertising revenue is currently a small amount, and the promotion is currently mainly free. Wanka is really not profitable.

Now we are starting activities again to promote offline payment business. This funding gap is not low.

Li Dong frowned slightly when he heard the words, thought for a while and said: "Tencent's first phase of 1 billion funds will be credited immediately.

It should be enough to take this money for the time being.

You go and talk to Mr. Yuan, and you can go to me for approval when you turn back. "

Cao Jinsheng was overjoyed immediately, and quickly said, "Okay, I'll make a plan right away."

"Go."

...

After sending Cao Jinsheng away, Li Dong also heaved a sigh of relief.

The matter of the fund company has been settled.

After completing the holding, just wait for Yu'e Bao to go online.

Of course, as for how to promote, how to do risk management and control, how to establish a credit system, and how to operate funds, these are all things that will come later, and Li Dong is too lazy to think about these for the time being.

In fact, it is not difficult to achieve a return of less than 10%.

For fund companies with a large amount of money in their hands, as long as they don’t pursue high returns, whether it’s central bank bills, large term negotiable certificates of deposit, or some low-risk bonds...

It is not difficult to invest in these projects if they are high, and they are much higher than bank interest rates.

Li Dong didn't really want to make money for the fund company. He didn't intend to do that. As long as the risk is small and the return is acceptable, that's enough.

The key is to absorb more funds, so that the distance does not have to worry about money every time.

During the recent period, many projects in Yuanfang have been affected. The key lies in the lack of funds.

Otherwise, Li Dong would have already started to act on a large scale.

Not long after Cao Jinsheng left, Bai Su came in and reported, "Mr. Li, Mr. Qi is back."

"Let her in!"

After Li Dong finished speaking, he stood up, and after a while, Qi Yunna walked in.

As soon as she entered, Li Dong said: "I'll get straight to the point, the boss of the department store, if you don't do it, then I'll immediately determine a new candidate.

Now the group has a lot of things to do, and the department store business is also our main business, so we cannot continue to delay.

If you still want to stay in North China, fine, you will be the president of North China of the department store in the future.

As for the North China region, there will also be a separate establishment of the president of Gome North China, the president of Yuanfang Technology North China, and the president of Yuanfang Logistics North China...

The business has been comprehensively cut and refined, and you are no longer the only person at the helm in North China.

As for the president of the North China region of the department store, the tentative level is level 6. "

A word of level 6 made Qi Yunna's face change slightly.

In Yuanfang Group, senior executives are above level 7.

And level 6 can only be said to be middle-level management.

At present, after Li Dong made a reform, Yuan Fang's rank is 10, Yuan Chengdao is the only 10, and the remaining directors are all 9.

Next, the bosses of sub-groups and directors of some important departments at the headquarters are rated at level 8.

The boss of the subsidiary company is level 7.

The vice president of the subsidiary company and the regional manager of the subsidiary company were downgraded to level 6.

Before, Qi Yunna's rank was even set at level 8, and later it was adjusted to level 7, but no matter what, she was a first-level executive of the group.

Now if she doesn't take the position and becomes the boss of the subsidiary company, she still maintains a rank of 7, but her real power has greatly increased.

If you don't stay in North China, you will be downgraded to middle-level management.

The meaning of Li Dong's words is obvious, no special case will be made for her, and the level should be as high as it should be.

Currently in the group, the only one who can enjoy special treatment is Wang Yue.

Although she is temporarily in charge of Gome, her rank is still at level 9 and has not been lowered.

But Wang Yue is a special case. She previously served as the vice president of the group and a member of the board of directors. Going to Gome is regarded as an order in a crisis, rather than being punished for making mistakes.

Qi Yunna took a deep breath and said after a while: "President Li, I still want to stay in North China."

Li Dong glanced at her, and said after a long while: "Okay, you can report to Chen Lang. After the general manager of the department store takes office, you can go directly to report to work in the future."

The regional general manager of the subsidiary is obviously not qualified to report directly to Li Dong.

Not only can't you find Li Dong, but Chen Lang is considered a leapfrog.

Qi Yunna insisted on herself, and Li Dong didn't dissuade her.

Whether it's obsession, persistence, or putting on a show, Li Dong doesn't care.

He gave Qiyunna a chance, but Qiyunna gave up on her own, and he couldn't force it.

Although he also wanted these veterans who followed him to fight the world to reach a higher position, he also hoped that Qi Yunna, the direct descendant, could reach a higher position.

But Li Dong will not force it, everyone has their own choice.

Qi Yunna didn't say anything more, she nodded lightly and said: "Mr. Li, then I won't bother you, I'll go there first."

"Go."

Li Dong said something, and when Qi Yunna walked to the door, Li Dong suddenly said: "I heard you got divorced?"

"Um."

"Feel sorry."

Li Dong said sorry, outsiders would be puzzled if they heard it, what did Qi Yunna have to do with Li Dong?

But for some things, Li Dong really felt that he should say sorry.

He didn't want to get into why Qi Yunna got divorced, but he just felt a little sorry, so he just said sorry, this was what he thought from the bottom of his heart.

At this time, Li Dong didn't have to do anything to cover up.

Qi Yunna smiled lightly: "President Li, this is my private life and has nothing to do with you, so you don't need to say sorry.

Perhaps, this is also a relief for me. "

"hope so."

Li Dong smiled and said nothing.

And Qiyunna didn't stay any longer, opened the door and left.

After Qi Yunna left, Li Dong pondered for a while, and then called Bai Su into the door and said, "Notify Chen Lang, the general manager of the department store is confirmed to be Zhang Mingduo, the general manager of North China Qi Yunna, and the general manager of Shanghai Stock Exchange Chen Ying has been promoted to the general manager of East China.

Didn't they say before that they are the twin sisters of distant retail?

Okay, now give them a fair stage to compete, I would like to see whether the veterans who followed the distance all the way are stronger, or the elites cultivated by Carrefour are more powerful.

For the department store business in East China and North China, please remember to collect all the data for me this year, and remind me at the end of the year. "

Bai Su responded, but hesitated to speak.

At the end of the year, she might not be here anymore.

But now that he wants to change his post, it coincides with the busiest time in the company, so it's better not to make trouble for Li Dong, and it's not too late to talk about it when he is free.