What is the future of the trillion dollar financial empire?

Mondo Social Updated on 2024-01-31

**: Jintong Agency.

On the morning of December 18, Xie Zhikun, the actual controller of the "Zhongzhi Department", passed away suddenly, shocking the financial circle.

Xie Zhikun is one of the few remaining financial predators, who not only controls a financial empire with trillions of assets, but also is the husband of the famous singer Mao Amin, and also has a brother Xie Zhichun, who was the general manager of ** Huijin Company.

It is difficult for financial predators to live in their old age, which seems to have become a certainty in the dark.

And where will the trillion-dollar financial empire left behind by Xie Zhikun go?

Died suddenly

According to Caixin, citing people familiar with the matter, Xie Zhikun has a history of heart disease, suddenly felt unwell when doing Pilates in the morning, failed to be sent to the hospital for rescue, and suffered a massive myocardial infarction.

According to people close to Xie Zhikun, he was still dealing with daily work on the 16th, but Xie's physical condition was really not good recently.

Xie Zhikun's "Zhongzhi system" is well-known in the capital market, with a total scale of assets under management exceeding one trillion yuan.

At present, Zhongzhi Group has four major business segments: financial investment, mergers and acquisitions, wealth management and new finance, and its core financial platform includes four major wealth companies - Hengtian Wealth, Xinhu Wealth, Datang Wealth and Gaosheng Wealth, of which only Hengtian Wealth has exceeded one trillion yuan.

At the same time, the management scale of Zhongrong ** Management Company, a public offering under the "Zhongzhi Department", reached 72.6 billion yuan, and hundreds of private placements were also recorded. Moreover, Zhongrong Trust has a formal financial license, and the four major wealth companies have been recognized as the "planting system" of the capital channel, and it also participates in Hengqin Life Insurance and Hengbang Property Insurance.

The "planting system" is also a hunter in the capital market, investing in a number of listed companies, but after experiencing a large number of losses, the "planting system" has a large number of floating losses.

It is said that the consistent practice of the "planting system" in the past is to conceal the relationship between its investment platform and various PEs, through the "PE + listed companies" - participate in the financing of listed companies, inject related assets to make a high market value, and then cash out profits, and then flow the profit funds to PE, so as to realize the closed loop of funds.

Xie Zhikun once retired, but with the gradual exposure of the risks of the Chinese plant system around 2019, Xie Zhikun returned to the foreground again and led the Chinese plant system to resolve the risk.

Mysterious boss

The husband of the famous singer Mao Amin, the brother of the general manager of ** Huijin Company, the capital predator, and the ...... of the richest people on the Hurun ListFor a long time, Xie Zhikun, the founder of the planting system, has been labeled one by one. He has never admitted or denied it. In fact, since his name was known to the capital market, Xie has never made a public appearance.

In the 2017 Hurun Global Rich List, Xie Zhikun ranked 834th in the world with a net worth of 17.5 billion.

Xie Zhikun, whose real name is Xie Zhikun, was born in 1961 and is the husband of the well-known singer Mao Amin. At the same time, Xie Zhikun also has a brother, Xie Zhichun, the general manager of Huijin Company, who left Huijin Company in May 2015.

According to Xie Zhichun, when he once posted a message to remember his mother, his father died at the age of 52, and his mother led the family through a difficult life and raised six brothers and sisters. Xie Zhikun is very filial, and has insisted on eating with his mother for many years and living together for many years.

Xie Zhikun is a "plant" generation in the family, he ranks fifth, and his original name is "Xie Zhikun". There are three older sisters and an older brother in front, in addition to a younger brother. Later, "Xie Zhikun", which became famous in the capital market, was the name after the change.

Previously, there was a rumor that after Xie Zhikun switched from industry to finance, he changed his name from the perspective of "Five Elements Bagua", because Mu Kejin was worried that the word "plant" would be bad for finance.

Located in Wuying District, Yichun City, Heilongjiang Province, Xiaoxinganling, there is still the old house of Xie Zhikun, and this old house was also the wedding room of Xie Zhikun, who was only in his 20s when he got married. This marriage predates the marriage between Xie Zhikun and the famous singer Mao Amin in 2002.

The history of capital predators

In public information, Xie established Heilongjiang Zhongzhi Enterprise Group Company in 1995 with a total registered capital of 50 million yuan. Little has been reported about the experience before that.

Xie was only a worker in the 80s at the Wuying District Printing Factory, when the printing factory was losing money, and Xie was appointed as the factory director and contracted because of his outstanding ability. Under the leadership of Xie Zhikun, the operation of the printing factory in Wuying District has greatly improved.

Soon, Xie began to operate a noodle factory, a garment factory, a lumber storage factory, a cement factory, and a breeding farm, and acquired state-owned non-performing assets in Wuying District. Before the establishment of Zhongzhi Group in 1995, Xie Zhikun had begun to have original accumulation.

What really made Xie get the first pot of gold was the local Korean pine resources.

There are still few livelihood channels in Wuying, and in the 90s of the last century, illegal mining of forests became a way for many people to solve their livelihoods. Some ordinary forest farm workers and residents, in order to make more money, stole timber and sold it to Xie Zhikun, who made a fortune. This was normal at the time, and it was the cause of many wealthy people in the area.

In 1997, Zhongzhi set foot in real estate development, and at the same time entered the highway, water conservancy and other infrastructure fields, and gradually went out of the Northeast.

Involved in officialdom cases

What few people know is that Xie Zhikun also embarked on a "career path".

According to the "Prospectus for One-Year Regular Open Bond Investment" disclosed by the Shanghai Securities News in November 2013, Xie Zhikun has served as the assistant to the district mayor of Wuying District, Yichun City, and the vice chairman of the CPPCC Wuying District Committee of Yichun City, and has been working in Zhongzhi Enterprise Group since April 1995, and is now serving as the president of Zhongzhi Enterprise Group.

He has also been honored by the top ten outstanding young township entrepreneurs in Heilongjiang Province, the model worker of Heilongjiang Province, the chairman of the National Outstanding Township Enterprise, and the contemporary philanthropic entrepreneur of China.

Xie Zhikun has also been involved in corruption cases in Heilongjiang officialdom. When Xie Zhikun was still developing in Yichun, Wu Jiekai, the then leader of Yichun City, provided tremendous support. According to public information, from 1997 to 2003, Wu Jiekai successively served as deputy secretary of the Yichun Municipal Party Committee, acting mayor, mayor and secretary of the municipal party committee.

According to Caijing magazine's May 2005 "Chronicle of Officialdom Corruption in Heilongjiang in Recent Years", in 2004, Jiang Yanfu, the former party secretary of the Heilongjiang Forest Industry Bureau, was "shuanggui", and Wu Jiekai, who had been transferred to the party secretary of the Heilongjiang Agricultural Reclamation Bureau, mysteriously disappeared after the discipline inspection department paid attention to him, and his subsequent whereabouts are unknown. There are rumors that Xie was involved in the Wu Jiekai corruption case.

And Xie Zhikun's brother Xie Zhichun suddenly resigned without warning. According to public information, Xie Zhichun has served as deputy director and director of the General Office of the Heilongjiang Provincial Party Committee and Policy Research Office. Subsequently, he served as the General Manager of the International Business Department of Everbright Bank Heilongjiang Branch, the Vice President of Dalian Branch, and then the Executive Director and Deputy General Manager of China Everbright Group Corporation, the Chairman of Sun Life Everbright Life Insurance Company and the Vice President of China ** Industry Association.

In April 2014, Xie Zhichun was transferred to CIC as Deputy General Manager and General Manager of ** Huijin Company, leaving the post after only one year. At that time, some people thought that it was influenced by Xie Zhikun.

Entered the financial industry

Since 2001, Zhongzhi Group has entered the financial industry, and invested 1200 million yuan participated in the restructuring of Harbin International Trust and became the largest shareholder of the latter, which is the famous Zhongrong Trust.

Since then, "Zhongzhi" has taken financial investment as its core business, entered the capital market, and successively won a number of financial licenses such as trust, insurance, leasing, public offering and private placement with holding or equity participation.

The inclusion of Zhongrong Trust in the bag is the key to the expansion of the territory of the planting system. In 2009, Zhongrong Trust seized the investment opportunity of 4 trillion yuan at that time and quickly seized the market through large-scale expansion. By the end of 2009, the asset management scale of Zhongrong Trust exceeded 100 billion yuan for the first time.

In 2010, by transferring the identity of the largest shareholder to a central enterprise, Zhongrong Trust obtained a state-owned background. However, the actual controller of Zhongrong Trust is still considered to be the Zhongzhi system. With Zhongrong Trust as the hub and capital platform, Zhongzhi participates in the capital operation of a number of listed companies and obtains equity. Xie Zhikun hides himself behind the scenes through relatives and friends and a complex shareholding structure.

However, in the case of a bad capital market, the planting system, which is good at capital operation, has also missed the front step again and again.

It is found that at present, there are 19 listed companies with more than 5% of the shares held by Xie Zhikun, of which 9 are actually controlled (excluding Zhongzhi International).

Specifically, these 9 companies are, Meijim (shareholding ratio of 30.02%), Yushun Electronics (shareholding ratio 29.).19%, with 32% of the voting rights), Huaiyou shares (30%), Meier Ya (2039%), CICC Technology Services (Hong Kong stocks, shareholding ratio 68.).41%), Kangsheng shares (shareholding ratio 27.63%), Rong Yu Group (shareholding ratio 25.6% and 2381% of the voting rights), Kane shares (1759% with 25% of the voting rights), *ST Boyd (10% with 2817% of the voting rights).

In the first three quarters of this year, the total net profit of the nine companies controlled by the planting system after deducting non-recurring gains and losses was only 02.3 billion yuan, including Yushun Electronics and many other companies are in a difficult shell state.

Where will these financial assets go, whether wealth management companies will explode, and trust products will default, which will all become the aftermath of Xie Zhikun, a trillion-dollar financial predator.

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