Winning the new financial era

Chapter 84
Lan Lan pushed open the door of Zhang Yida's office, came in, put a document on the desk, and said with a smile:
"Mr. Zhang, the transfer of the financial license has been contacted.

2张互联网小贷牌照3800万元，1张保险代理牌照1500万元，1张基金销售牌照2100万元。

A total of 4 financial licenses, the total purchase price is 7400 million yuan. "

Zhang Yida picked up the document and looked at it, then smiled at Lan Lan: "Thank you! I will sign and approve the acquisition right away!"

Definitely have to buy it!Looking at the price, Zhang Yida wished he could buy a batch of licenses right away, and sell them for six or seven times in a few years. It would be really cool.

It is still easy for larger companies to apply for a license to be approved, but Ruixiang's operating period of less than 3 years is flawed and does not meet the conditions for license application.

So you can only buy a license!It doesn't matter if you have a financial license now, especially for small Internet loans.In a few years, it will be illegal to operate without a financial license.

"Have you seen any suitable public offering funds?" Zhang Yida was most concerned about this.

Having this big license for the fund is stronger than the combination of small licenses for fund subsidiaries, fund sales, and fund payment.

With a fund license, you can participate in the design of the fund.Ruixiang Group can also launch its own Internet money fund.

Lan Lan shook her head, but as if she had thought of something, she said again: "Handing is preparing to set up a public fund recently, and I heard that it has been approved by the China Securities Regulatory Commission."

"Handing! The market capitalization king of the new three boards of later generations, with a market capitalization exceeding [-] billion. But now it is only a few billion market capitalization. It is still a show operation.

What kind of shit?

It pioneered the model of "exchanging fund shares for equity", which transformed the original private equity fund investors into shareholders of Handing Group.

In 5 years, a breakthrough in the market value of tens of millions to hundreds of billions has been completed! "

Zhang Yida thought of the various aggressive methods of the later Handing Group, and was a little hesitant to have an intersection with them.

After thinking about it, I felt that the public offering fund license was too rare, so I decided to contact Handing Group to try it out.

……

As usual, Hu Gang, after finishing his work in the office, leaned on the comfortable and spacious boss's seat, lit a Cuban cigar, and started puffing.

There was a "bang bang" knock on the door, and Hu Gang replied casually, "Please come in!".A well-dressed and glamorous secretary walked in.

"Mr. Hu, Ms. Song Caiwei, assistant to the chairman of Jinke Group, just called me and said that Mr. Zhang Yida, the chairman of the group, would like to meet you." Secretary Meiyan reported respectfully.

"Ruixiang Jinke? Zhang Yida?" Hu Gang murmured, circling in his mind for a long time, but never remembered to know this person.

"This is the information I just collected on Ruixiang Jinke and Mr. Zhang Yida. Mr. Hu, please have a look." Seeing that Hu Gang was silent, the secretary hastily handed over a document.

Hu Gang took the information and looked at it. The first thing that caught his eyes was a dazzling young photo, and an introductory text:
"Zhang Yida, 19 years old, chairman of Ruixiang Jinke, chairman of Yimin Financial Services, founding partner of Huayi Capital... and a series of titles.

Ruixiang Jinke, a leading financial technology group in China.Founded in October 2013 by Zhang Yida and Lin Zhenyang, students of Peking University.

13年11月完成黑衫资本领投的5000万美元A轮融资，估值5亿美元；14年5月完成淡马锡领投的5亿美元B轮融资，估值30亿美元。

The scope of business coverage includes: financial flow diversion, mobile payment, credit management, financial technology output..."

Hu Gang already knew who this was. Some time ago, some friends in the alumni circle and the financial circle talked about this person.

I didn't think about it just now, but I saw the valuation of the school and the company, as well as the age, and it matched.

"Did Ruixiang say why he asked me out?" Hu Gang asked the secretary.

"Mr. Zhang Yida's assistant said that he wanted to discuss cooperation with our Handing." The female secretary said.

"Talking about cooperation?" Hu Gang felt a little strange. Ruixiang mainly does Internet finance, while Handing mainly does PE equity investment. Could it be that they are talking about cooperation and shareholding?

Suppressing his curiosity, Hu Gang instructed the female secretary, "Call Ruixiang back and say that I will host a banquet tonight to welcome Mr. Zhang."

……

In a private club in the capital, Zhang Yida met Hu Gang, the chairman of Handing Group, and Wang Xiaojie, the president.

Zhang Yida shook hands with the two, and greeted them cordially in Sichuan dialect:

"Mr. Hu, Mr. Wang, my younger brother has been friends with the two brothers for a long time, and finally I have the opportunity to meet and visit."

"Haha, Brother Yida, you're out of touch now. How old are we? Your name is Brother Hu, Brother Wang will be fine."

The person who spoke was Wang Xiaojie, president of Handing Group. He was about the same age as Hu Gang, also 36 and seven years old. He wore glasses and looked serious.

"Yes, Yida! The three of us are fellows from Sichuan Province, and I also studied at Peking University for my Ph. D., and you and I are also alumni. So there is no need to be too polite to each other."

Hu Gang adjusted his glasses, looked at Zhang Yida with a smile and said.

"Haha, then I won't be courteous to the two elder brothers." Zhang Yida also laughed and said haha.

After pondering for a moment, Zhang Yida looked at the two and said:
"I heard that Handing Group has applied for a fund license. I wonder what the two big brothers think of Internet money funds?"

"You mean the model of Yu'e Bao?" Hu Gang asked after taking a bite of food.

"Yes, it's that kind of model. I heard that their fund size has reached hundreds of billions, and the speed of Internet fundraising is shockingly fast." Zhang Yida said with emotion.

"Yeah, relying on Alipay, a powerful traffic tool, the development of Rainbow Fund is enviable." Wang Xiaojie also echoed.

"That's right, so I found two big brothers. I just want to chat with everyone and see if Rui Xiang and Handing can cooperate."

Zhang Yida finally got to the point. The purpose of this meeting was to take a fancy to Handing Group's public offering fund license.

"What kind of cooperation method?" Wang Xiaojie and Hu Gang looked at each other, and he asked first.

"Ruixiang invests in fund companies, then provides platforms and financial flow resources, Handing provides licenses, and everyone cooperates to raise funds."

Zhang Yida put forward the conditions, then looked at Wang and Hu, waiting for their reply.

Hu Gang thought it was Zhang Yida who asked them to invest in Ruixiang, but thought that the script was reversed and Ruixiang wanted to invest in them.

After thinking about it, he felt that this was also an opportunity.Handing's fund company attracted Ruixiang as a shareholder, relying on huge financial flow resources, it will be much easier to raise funds.

And there is still an opportunity to make the fund management scale larger, even if it is not as good as Rainbow Fund, it is definitely not far behind.

So Hu Gang went on to ask:

"How much does Ruixiang plan to invest?"

"Handing 51%, Ruixiang 49%, you still hold the shares, I just want to realize the financial flow of Ruixiang."

Zhang Yida is very calm, and he will not be so arrogant as to compete with Handing for the controlling stake.

"Old Wang, tell me your opinion?" Hu Gang looked at Wang Xiaojie.

"I think the proposal of Yida Brothers is very good! With Ruixiang joining, fundraising will undoubtedly be much easier.

But this matter is important, and it needs to be discussed at the board of directors before a decision can be made! "

Wang Xiaojie said.

After hearing this, Hu Gang looked at Zhang Yida and said:
"Personally, I should be quite in favor of our cooperation! But the matter is important, and we need to discuss it with other directors and shareholders."

Zhang Yida nodded and said:

"This is what it should be. I will just wait for the good news of the two elder brothers!"

Skipping this matter aside, the three of them began to exchange glasses.

Zhang Yida is also very curious about the entrepreneurial stories of the two of them.

Wang Xiaojie entered the University of International Business and Economics after the college entrance examination. His highest degree is a doctorate in finance. He was once the youngest director of the central bank.The development has been smooth along the way.

Hu Gang's experience was much more bumpy, because his family was poor and he only studied in a technical secondary school at first.Then I was admitted to junior college, undergraduate, accountant, lawyer, graduate student by self-study, and finally got a Ph.D. in Finance from Peking University.

Professional resume is also from a mason to a financial elite in a securities company.Later, he was admitted to the China Securities Regulatory Commission, and climbed up step by step from the clerk to the deputy department, and then to the director.Later, he was also known as the youngest director of the China Securities Regulatory Commission.

The youngest director of the central bank and the youngest director of the China Securities Regulatory Commission went to sea to start a business together, which was quite a sensation at the time.

However, I heard that the two of them were still very difficult in the early days of their business. They hit walls everywhere and went to many places but could not raise funds.

If you can't raise funds for investing, it's hard for a clever woman to cook without rice.

Zhang Yida has also experienced this kind of feeling, it's really uncomfortable!It's a kind of torture to watch a good project but have no money to invest, so you can only watch it while doing it!
Zhang Yida smiled and asked:

"I heard that the first client of the Handing Group was met by two old brothers in the car. It was a driver. Is there such a thing?"

"It's not the driver, it's the media adding fuel to the story!" Hu Gang shook his head with a smile.

"It happened like this. It was a friend of a friend. We went to Zhejiang for several days, but we didn't raise any funds.

We were exhausted, so a friend asked his friend to drive us off.

The two of us were sitting in the back row discussing how to build a PE framework and which projects to invest in?And how to manage and exit the project in the later stage?

We thought the man driving the car was the driver.As a result, we were sent to the place, and he told us that he wanted to invest 5000 million in us.

We were stunned and thought he was a driver, but he turned out to be an entrepreneur.When I heard us talking about PE along the way, I listened carefully and agreed with our investment philosophy.

In this way, this customer gave us 5000 million.After catching up with the bull market in 07 and the GEM in 09, Handing Group has grown stronger.

Thinking about it now, it is also luck! "

Wang Xiaojie narrated, his face full of gratitude.

"Brother Wang, you are joking, luck alone is not enough. Handing Group has not listed one or two companies in the past few years."

Zhang Yida still has a certain understanding of the development of the Handing Group, and knows that their success has a certain amount of luck, but more is due to their talents and... past experience.

"Haha! We do PE to arbitrage the price difference between the primary market and the secondary market. There is not much gold in it."

Hu Gang said humbly, his family knows their own affairs, and they are mainly engaged in the pre-ipo round, which is the last round of investment before the listing of prospective listed companies.

The big A-share stocks all skyrocketed when they first went public, which can be said to be money.

Zhang Yida smiled and said nothing, thinking of what happened to the Handing Group in a few years, it was also an A-share for success and A-share for failure.Encumbered with debts, various lawsuits and disputes, inspection by the China Securities Regulatory Commission...

In the end, there was no way to start selling financial licenses. Securities licenses, insurance licenses, and fund licenses were all sold out.

Ruixiang just followed behind to pick up the trash!

(End of this chapter)