legendary trader

892 Chapter 893 Peace
Chen Fan did as soon as he thought of it, and immediately picked up the phone on the desk, pressed the call button, and then the voice of the outside secretary came from the phone.

"Mr. Chen, what are your orders?"

"Contact Xie Kai and ask him to come over as soon as possible."

After quickly explaining to the secretary, Chen Fan put down the phone and waited for Xie Kai to arrive.

He didn't wait too long, and Xie Kai walked in quickly, seemingly holding a document in his hand, but he didn't know what it was.

"sit down."

Chen Fan raised his hand to signal Xie Kai to sit down and talk. At this time, the female secretary came in with freshly brewed tea and placed it in front of Xie Kai.

Xie Kai nodded slightly at her, and then the female secretary walked out of the office, not forgetting to close the door behind her.

Chen Fan didn't ask what he brought, but asked straight to the point: "How is the progress of the insurance thing mentioned before?"

Xie Kai looked at Chen Fan's Gujing Wubo, but he knew very well in his heart that Mr. Chen was probably in a hurry.

He found some things during the investigation this time, so he wasted a lot of time because he wanted to find out the details before reporting, which would be beneficial for Mr. Chen to make a final decision.

In fact, his thoughts this time are slightly different from Chen Fan's, because there have been at least three conversations about the acquisition of insurance assets before. Xie Kai learned clearly from the conversations that Chen Fan intends to acquire a small and medium-sized insurance company. The company hopes to own most of the shares, and even if the remaining shares cannot be taken, they hope to be taken away by some affiliated companies.

"Mr. Chen, the investigation over there is basically over. I came here this time to report the results of the investigation to you."

When Xie Kai said this, he saw Chen Fan nodding his head slightly, seeming very satisfied.

But this was just the appearance, he still couldn't guess what Chen Fan was thinking while sitting there, he couldn't be sure that Chen Fan was really satisfied in his heart at the moment.

"As of now, there are 32 insurance companies in the country, including 1 wholly state-owned company, which is a reinsurance company, that is, it does not directly undertake business externally, 12 joint-stock companies, 10 Sino-foreign joint venture companies, and 9 foreign insurance company branches. Home.

Excluding foreign-funded insurance companies, the only targets we can determine are those 22 joint-stock and joint-venture insurance companies. "

Xie Kai continued, his eyes did not glance at the documents in front of him, obviously these things were all in the documents he brought in.

"How about the results of the screening? Is there a target?"

Chen Fan didn't want to ask about those things, he just wanted to know what their results were.

"We have contacted these insurance companies, and the current situation is very unsatisfactory. In the domestic joint-stock insurance companies, their controlling shareholders have no plans to give up their shares. Only some small shareholders are willing to do so, but the premium requirements are relatively high.

The situation of foreign-invested insurance companies is similar, and the relationship within their companies seems to be more complicated, making it more difficult to collect shares. "

Xie Kai looked at Chen Fan helplessly at this moment and said, before Chen Fan could speak, he continued to report: "Mr. Chen, regarding the acquisition of the insurance company, we may have thought a little too simple at first.

According to the information we have collected on the insurance industry, the insurance industry may have been seriously underestimated by us in the past, but it has developed extremely rapidly in recent years.

As far as insurance premiums are concerned, last year’s annual premium income was as high as 2112.28 billion yuan, and this year’s annual premium is expected to exceed 3000 billion yuan, with a growth rate expected to exceed 40%, or even reach 50%. "

Hearing Xie Kai say that the annual income of the insurance industry has actually reached 2 to 3 billion, Chen Fan was really shocked at the moment.

"So many?" He said with a face full of disbelief: "32 companies share such a big cake?"

"It's not that there are only 32 insurance companies. What I'm talking about here is actually the head office, or an independent insurance group. Subsidiaries in different industries are not included in the calculation.

For example, Huaguo Reinsurance Company, a wholly state-owned insurance company, undertakes reinsurance business from other insurance companies. Under him, there are subsidiaries such as life insurance, property insurance, and insurance brokerage. "

Xie Kai hurriedly explained.

"It's also very scary. On average, the annual revenue of each company is tens of billions."

Chen Fan rubbed his temples at this moment, he was a little shocked by this number.

Withdrawing his hands, Chen Fan stared at Xie Kai again and asked, "That is to say, you have been busy for so long, but apart from collecting these industry data, you have not made any progress. What I want is to acquire the equity of the insurance company."

"At present, it is basically impossible to obtain a controlling stake in an insurance company, but we have also noticed that the equity of many insurance companies is actually very scattered, and it may take a little time to gradually acquire more shares. .

However, because the shareholding is too scattered, this still needs a process, and it takes such a long time to contact those shareholders. It is difficult to guarantee that the company's controlling shareholders will not find out, and their follow-up actions are hard to predict. "

Xie Kai still spoke the truth.

After learning about the insurance industry in detail, Xie Kai actually retreated. It was too difficult. Unless the controlling shareholder of the insurance company voluntarily left the market, there was basically no chance to win an insurance company.

"So, I still stick to my original suggestion, instead of buying an insurance company, it is better to create a new insurance company directly, and do it according to the equity structure we want.

As far as we know, there are more than a dozen insurance companies in China that are currently preparing for establishment, but the progress is different. In addition to domestic capital, several of them have combined foreign insurance capital to form a joint venture company. There are still quite a few capitals who have noticed the explosive growth potential of the domestic insurance market, and many capitals are busy deploying.

Therefore, I think it is basically impossible to acquire a ready-made insurance company, and the difficulty is too great. Now that the value of this asset has begun to be heated up, even if it can be won, the price may be very high. "

In the end, Xie Kai said that it was still his old suggestion to create a new company directly instead of acquiring an existing insurance company.

"As for this suggestion, I will seriously consider it."

Chen Fan feels very disappointed at the moment. In his opinion, the insurance industry has developed for so many years, and the cakes of all walks of life are probably divided up by these existing insurance companies.

You have to create a new company and then share the cake from them. It's not easy.

As for life insurance, it is estimated that only the employees of Chaofan Investment can be required, and perhaps the people from Keyuan can also be recruited as the basic board of their own insurance company.

Otherwise, it is property insurance. In fact, the final basic plan is still a subsidiary of Chaofan Investment Company. Maybe Zhang Jianjun is asked to take over the insurance business of Keyuan Company.

As for opening up the market, of course it is possible, but it will take a lot of time and you have to go through it slowly.

Seeing Chen Fan's current state, Xie Kai was helpless, but fortunately, he heard a piece of news, but he didn't know whether Mr. Chen was interested.

This opportunity seems to be good. Chen Fan should have been hit a bit at the moment, so I just mentioned it. After all, I think it is an opportunity, an opportunity to enter this industry.

"Mr. Chen, I also inquired about a piece of news about an insurance company."

Xie Kai was carefully choosing his words at this moment, and opened the conversation carefully.

"You said, I'm listening."

Chen Fan raised his head and glanced at Xie Kai, and said in a somewhat dispirited manner.

"Huaguo Ping An Insurance Company, do you know Mr. Chen has an impression? This company can be regarded as the vanguard in the insurance industry in China, and its position is very high."

Xie Kai said at this moment: "I heard that this company is negotiating financing with a banking group in England recently, and plans to raise more than 6 million yuan to expand its shares, which is about 25 billion yuan. The price is 10% of the company's shares, and it is said that it intends to develop domestic and overseas markets."

"Ok?"

Chen Fan was stunned for a moment, "Which 10% of the shares ranks among the shareholders in the stock market?"

Chen Fan asked curiously, wanting to know where the 25 billion would be among the shareholders of Ping An Insurance.

"The first one."

Xie Kai replied seemingly calmly.

Xie Kai's answer surprised Chen Fan, "Is it true?"

"From the information we have collected, in the past two years, some shareholders of Ping An Insurance have withdrawn one after another, and the company has also continued to raise funds. The list of shareholders is so long that it is unbelievable. This is an unlisted company."

Xie Kai explained: "The company's largest shareholder is Bank of China International, with a shareholding ratio of only 5.8%, and the second largest shareholder is Goldman Sachs in the United States, with a shareholding ratio of only 4.98%.

It can be said that the dispersion of the company's equity is almost outrageous.

Before the investigation, I didn't believe that such a company existed in China. "

Xie Kai also said with an expression of seeing a ghost.

"Why is there such a situation?"

Chen Fan looked at Xie Kai suspiciously. There must be a reason for the dispersion of shares in Ping An Insurance. It cannot be that no shareholders are willing to hold a large proportion of shares and gain control.

"The company's current management, decision makers.

It is really a legend to say that Ma Zhe is a representative of a shareholder of Ping An Insurance who has quit the company, and later climbed to the throne of the company's chairman step by step. It is said that since then, he has managed the company in accordance with international standards.

He worked on the premise of aligning the interests of the company and shareholders as much as possible, and won the support of most shareholders. When there was a conflict between the interests of the company and individual shareholders, he would unite with other shareholders to fight.

In short, he is a chairman who puts the company's interests in a high position and is supported by most of the company's shareholders.

As for how to operate in private, so that those original major shareholders gradually give up their huge equity, I guess it is because of restraint.

After all, business operations, there are times when the wind is smooth, and of course there are times when it is frustrated. Of course, it may also be the adjustment of the strategic decision of the major shareholders. At that time, it should be easy for those major shareholders who are short of money to sell their shares. He only needs to thread the needle, introduce new buyers into the market, and make the transaction appear at a reasonable and fair price. "

Xie Kai could only guess this way, after all, he was not familiar with Ping An Insurance before.

"Then even if I take this part of the shares, it can only be a nominal holding. In fact, the control is still in the hands of the company's management, because they have the support of the vast majority of shareholders?"

Chen Fan frowned and asked.

"It should be like this. According to the development momentum of Ping An Insurance, even if we win the position of the major shareholder of Ping An Insurance, we will not be able to exert too much influence on the company's operations. It can only be regarded as a strategic investment."

Xie Kai said cautiously.

"What about other insurance companies? The list of shareholders can't be so weird."

Chen Fan asked curiously, he wanted to know if other insurance companies did the same.

"Most of the other insurance companies still have controlling shareholders, and there are few like Ping An Insurance, but there are some."

Xie Kai smiled wryly.

Chen Fan hesitated a little. From the bottom of his heart, he didn't want to settle in such a company. If he couldn't gain control, why would he buy it?It was completely contrary to his original idea.

Chen Fan put his hands on the desk subconsciously, and tapped his fingers rhythmically on the desk. After a while, he seemed to think of something, "Is this company developing very well?"

"It is the company with the best development momentum among the insurance companies we have surveyed so far."

Xie Kai replied honestly, "I think it's really a good choice to choose Ping An Insurance as an investment.

Moreover, to be honest, Mr. Chen, in China, such a company with completely international management is really rare. "

"It's rare, didn't you just say that? There are companies similar to Ping An Insurance in the insurance industry."

Chen Fan shook his head and said.

Hearing this, Xie Kai consciously shut up, not being able to answer.

"Are they short of money?"

Chen Fan suddenly stopped tapping his fingers on the table, looked up at Xie Kai and asked.

"It should be, 6 million yuan, not a small number."

Xie Kai replied without thinking too much. He actually asked the source of the news before, but the answers he gave were not very uniform.

Yes, Xie Kai inquired about the news from multiple sources, not a single one, and there are many opinions, but relatively speaking, the financial reason is mostly mentioned.

Chen Fan knew in his heart that there was not much money left in the bank account of Chaofan Investment.

There must be 6 million yuan, and it can be doubled again.

However, investing in such a company did not match his original plan.

If you invest in it, it becomes purely a strategic investment. If the management of the company manages well, it will make money. If it is not good, you will lose money.

Chen Fan was not willing to put the hope of making money in the hands of others.

"You arrange someone to contact you. Isn't there still a discussion over there? Let's do some sabotage first, delay it, and understand the specific situation before we talk."

Chen Fan thought for a while, and made a decision in his heart, contact first.

As for whether to really invest in this company in the future, it depends on the situation at that time, but thinking of this, my heart moved, and I said: "As for the follow-up screening and contacting other insurance companies, don't stop.

And those insurance companies that are under construction, you should also get in touch, inquire about the news, and see if there is any opportunity. "

(End of this chapter)