China's richest man with a fortune of more than 400 billion has entered private placement! Another 30 billion quantitative private placement giants "closed" in advance to control the scale! Times Watch Company

The 67 year old richest man, Zhong Shuo, is also going to enter the private placement circle!

Recently, an institution called "Guanzi private equity fund management (Hangzhou) Co., Ltd." completed the filing and registration in a low-key manner in the China Foundation Association, and its actual controller is Zhong Fuxin, founder of nongnongshan spring. He worked as a mason, a journalist, and finally became a businessman; I have planted mushrooms, raised turtles and sold water. Now I want to make private investment.

According to the Forbes Global rich list in 2021, with a wealth of US $68.9 billion (about 445.473 billion yuan), Zhong is ranked 13th in the world and the richest man in China.

Not long ago, 76 year old Zong Qinghou personally came to an end, obtained the fund qualification certificate, and officially filed a private fund manager in the association, triggering a frying pan in the financial circle. Now Zhong has also come. It is worth paying attention to what investments he will make in the private placement at the helm in the future.

Guanzi private equity fund completes the manager registration

The actual controller is Zhong Fuying, founder of Nongfu mountain spring

On September 16 this year, "Guanzi private equity fund management (Hangzhou) Co., Ltd." completed the filing and registration in China Securities Investment Fund Industry Association. The organization type is private equity and venture capital fund manager. At present, the company has 6 full-time employees and 4 have obtained fund qualification.

In fact, this cutting-edge private placement was just established on March 23 this year, with a registered capital of 30 million yuan and a paid in proportion of 100%. Its registered and office address are in Xihu District, Hangzhou, Zhejiang Province.

It is worth noting that tianyancha information shows that Guanzi private equity fund management (Hangzhou) Co., Ltd. is wholly controlled by Yangshengtang Co., Ltd. through the equity structure, it can be seen that the actual controller of the company is Zhong Fuying, founder of nongnongshanquan. The information of the fund industry association also shows that Guanzi private equity fund is 100% owned by Yangshengtang, and the actual controller is Zhong Fuying.

Zhong Fuying holds the post of chairman of Guanzi private equity fund. The main members of the company also include general manager Chen Bin, director Xue Lian and supervisor Li Yamei.

According to the information of the fund industry association, Chen Bin, general manager of Guanzi private equity fund, has more than 20 years of financial experience and has worked in Nanfang Securities, CICC and other institutions; In March 2004, he joined CICC Capital Operation Co., Ltd. as the managing director until he left in February this year; Subsequently, in March this year, Chen Bin served as the general manager of the equity investment department of Yangshengtang Co., Ltd. and as the legal representative and general manager after the establishment of Guanzi private equity fund management (Hangzhou) Co., Ltd.

In addition, Shi Jin, the person in charge of compliance risk control of Guanzi private equity fund, once worked in COFCO trust and CITIC agricultural industry fund, and has rich experience.

Fund Jun also found that "Guanzi private equity fund management (Hangzhou) Co., Ltd." was originally called "Guanzi equity investment (Hangzhou) Co., Ltd." but now the private placement regulatory regulations require that the names of private fund managers should be marked with words such as "private fund" and "private fund management". Therefore, the company changed its name on May 21 this year, At the same time, the business scope is also changed to: private equity investment fund management and venture capital fund management services (business activities can be carried out only after completing the registration and filing with China Securities Investment Fund Association) (except for the projects that must be approved according to law, business activities can be carried out independently according to law with the business license).

My friends must be very curious. What will be the future actions of Zhong Shen in setting up Guanzi private equity fund management (Hangzhou) Co., Ltd., focusing on the fields of equity and venture capital? What investments do you make? Let's have a look.

Tianyancha information shows that Guanzi private equity fund currently has a foreign investment - Guanzi management consulting (Lishui) partnership (limited partnership), with a registered capital of 10 million. Zhong is a major shareholder with a 90% stake of 9 million; Guanzi private equity fund holds 10% of its shares with 1 million.

Guanzi management consulting (Lishui) partnership (limited partnership) is the executive partner of Guanzi equity investment (Lishui) partnership (limited partnership) and Chengguang management consulting (Lishui) partnership (limited partnership), with registered capital of RMB 2.015 billion and RMB 403 million respectively.

From bricklayers, carpenters and journalists to China's richest man

Zhong is now going to make private investment

Zhong Shuo, born in 1954, worked as a mason, a journalist, and finally became a businessman; Planted mushrooms, raised turtles and sold water; Creative, good at planning and marketing... These are his labels. Now that he is 67, Zhong will enter the private fund industry.

According to the Forbes Global rich list in 2021, with a wealth of US $68.9 billion (about 445.473 billion yuan), Zhong is ranked 13th in the world and the richest man in China. Forbes real-time rich list information also shows that Zhong is still the richest man in China with a wealth of $62.2 billion.

No one can succeed casually. Every big man has a legendary experience. Zhong was forced to drop out of school when he was in the fifth grade. He worked as a bricklayer and carpenter. Later, he resumed the college entrance examination. Although he didn't even understand algebra, he still took part in the college entrance examination for two years, but he fell behind. Later, he followed his parents' advice and went to TVU to work as a reporter in the Rural Department of Zhejiang Daily.

After working for Zhejiang daily for five years, Zhong has traveled to more than 80 counties and cities in Zhejiang, interviewed more than 500 entrepreneurs, and even several entrepreneurial partners he met during that time.

Later, Zhong went to Hainan to search for gold, ran newspapers and opened a mushroom planting company, and finally failed. Until the 1990s, he got inspiration from the popular Yangshengtang in Hainan and founded Yangshengtang Pharmaceutical Co., Ltd. in 1993. Health pills made from turtles and turtles were the company's main products. Unexpectedly, it was very popular and made the first pot of gold.

In 1996, Zhong returned to his hometown of Zhejiang and founded Nongfu mountain spring. With the slogan of "nongnongshan spring is a little sweet", it helped it quickly occupy the market. According to the information on the official website, nongnongshan spring focuses on the research, development and promotion of various drinks such as drinking natural water, fruit and vegetable juice drinks, special-purpose drinks and tea drinks. Its brands include Nongfu mountain spring, water grape, tea, Oriental leaves, Nongfu orchard and other water drinking brands.

Summing up his business experience, Zhong once put forward: "if a small enterprise wants to develop and grow, the types it operates must be unique and profiteering, because there is no scale effect for you to accumulate slowly."

In September 2020, nongnongshan spring, founded by Zhong, was listed on the Hong Kong stock exchange. On the first day of listing, it opened higher at HK $39.8/share, with a total market value of HK $445.292 billion. Up to now, nongnongshan spring has just been listed for one year. Its latest closing price is HK $38.75/share, with a total market value of HK $435.8 billion.

According to the recent interim report disclosed by nongnongshan spring, the total revenue in the first half of 2021 was 15.175 billion yuan, a year-on-year increase of 31.4%; The net profit was 4.013 billion yuan, a year-on-year increase of 40.1%. At the same time, thanks to the increase of the company's product sales, the change of product structure and the effective control of pet cost, the gross profit and gross profit margin of nongnongshanquan further increased. The gross profit in the first half of the year was 9.241 billion yuan, an increase of 33.7% over the same period last year, and the gross profit margin also increased by 1% to 60.9%.

In addition, in 2001, Yangshengtang, which is actually controlled by Zhong, acquired most of the equity of Wantai biology from a Hong Kong enterprise. At that time, Wantai was already engaged in in-vitro diagnostic reagents and vaccines, but there was no bright spot in terms of R & D and performance. However, in 2020, Wantai biology launched the first domestic HPV vaccine, broke the foreign monopoly, and won most of the market share with the price close to the people.

In April 2020, Wantai biology was listed and gained 26 trading boards in succession. As of the closing on September 17, 2021, Wantai biology reported a closing of 191.08 yuan / share, with a total market value of 116 billion yuan.

At the age of 76, Zong Qinghou obtained the fund qualification

Engage in private venture capital in person

Just in July this year, 76 year old Wahaha founder Zong Qinghou obtained the fund qualification certificate and filed a private fund manager with the fund industry association, which attracted the attention of the financial circle. Many netizens said frankly: Zong Qinghou works so hard. What's your reason to "lie flat"?

According to the filing information of the fund industry association, Zong Qinghou obtained the fund qualification certificate on July 12, 2021. Zhejiang Wahaha Venture Capital Co., Ltd.

It is worth noting that the way Zong Qinghou obtained the fund qualification is "qualification recognition". Although this means that he did not obtain it by taking the well-known fund qualification examination, it also means that Zong Qinghou's investment experience is enough to obtain the fund qualification. Previously, the Fund Industry Association issued policies to apply for fund qualification without passing the examination for private fund managers who meet the requirements for their working years, the number of exit projects, the amount of managed capital and other conditions and have relevant material certificates and recommenders.

According to public information, Zhejiang Wahaha Venture Capital Co., Ltd. was established as early as November 8, 2010, with a registered capital of 300 million yuan and a paid in capital of 300 million yuan. By July 9 this year, Wahaha venture capital officially completed the filing and registration in the fund industry association. The organization type is private equity and venture capital fund manager.

Zong Qinghou, the legal representative and general manager of Wahaha venture capital, and two other senior executives Yin xuqiong and Yu Dongni obtained the fund qualification through the examination. Both of them are old employees of Wahaha Group.

Latest developments in the private equity industry:

There are another 30 billion quantitative private placement emergency notification channels to "close the disk" in advance to control the scale!

Quantification is hot. Recently, another quantitative private placement derivative investment with a scale of more than 30 billion informed the channel to control the scale in advance and "close" its CSI 1000 index enhancement strategy product. What is the situation? This year, a number of 10 billion private placements, such as Tianyan capital, evolutionary assets, Qilin investment and Jinge Liangrui, have announced the closure and suspension of fund-raising of some strategic products. Let's have a look.

1000 refers to the popularity of added products

Yanfu notification channel "closed" in advance to control the scale

Recently, the CSI 1000 index enhancement strategy product of RMB 10 billion quantitative private placement derivative investment has been sold in a number of securities companies, banks, tripartite and other channels, and has been sought after by investors.

Just this week, a large brokerage channel issued an announcement and received the notice from the manager. This year, the increase of Yanfu CSI 1000 index has created considerable returns for investors and has been widely recognized by the market. At present, the strategic scale is about 12 billion. The manager of Yanfu decided to control the scale in advance and suspend the new consignment raising of Yanfu CSI 1000 index enhancement products, The release of products already in the process and on the shelves will not be affected.

Is there another disk to be closed? This time 1000 means increase? Fund Jun conducted a multi-party verification in this regard.

According to the provided by another channel person, he also received the notice of Yanfu investment. Based on the goal of "creating stable value for investors", taking fully into account the natural rise of product net value, capital inflow inertia and other factors, he decided to control the scale in advance for the enhancement strategy of CSI 1000 index, so as to leave sufficient time and space for strategy iteration. The manager preliminarily decided to suspend the issuance of the new consignment raising layer of the CSI 1000 index enhancement strategy. Those that have been put on the shelf will not be affected, and can still accept additional and subscription, but will no longer sell the new derivative CSI 1000 index enhancement products on a commission basis. If there is any change in the subsequent manager, it will be notified again, and the specific rules at that time shall prevail.

Fund Jun previously learned through channels that Yanfu investment's capacity of the China Securities 1000 index enhancement strategy is estimated to be 20 billion yuan. On the issue of early closing, Yanfu investment stakeholders responded that there should be an upper limit on the strategic capacity of each company, "we will make a plan and plan ourselves."

Although the offer closing notice has been issued, the fund Jun learned that Yanfu's 1000 index increase products are still sold in some channels.

A channel person in Shanghai said that Yanfu's China Securities 1000 index enhancement product will be sold on September 20, "it is a product with a one-year lock-in period of fund units."

A securities dealer in South China also said, "we have long arranged here and may sell some Yanfu 1000 Index added products." some securities dealers in Beijing said that Yanfu 1000 Index added products could be bought on the last open day.

"Yanfu 1000 means to increase sales this year. Although it is said to be closed, it may just not accept new orders, but the old sales plan will be implemented, and then the old product customers can still add. In theory, closing doesn't mean that they don't accept funds at all, maybe it's a new project." according to the analysis of a quantitative private placement executive.

Fund Jun also learned that the initial sales of a brokerage channel Yanfu Guanghui 1000 exceeded 368 million yuan, and the single sales of some business departments reached more than 10 million and 20 million yuan.

The annual scale increased from 1 billion to 30 billion

What is the reason for the enhancement of the closed disk 1000 index?

Yanfu investment, a young 10 billion quantitative private placement institution, was established on July 25, 2019 and completed the filing and registration with the fund industry association on November 11, 2019. At present, the number of private equity fund products recorded by the company has reached 302, including 162 new funds recorded this year, of which 1000 index enhancement products are the focus.

Yanfu's scale has grown rapidly. Relevant data show that the company's scale was 1 billion in June last year and 10 billion in October; By June this year, the overall management scale of Yanfu investment had exceeded 30 billion.

Statistics show that Gao Kang, chief investment officer of Yanfu investment, has a strong aura of learning hegemony. He won the gold medal of the International Olympic physics competition in high school. Then he was escorted to the Department of physics of Peking University, transferred to MIT, and obtained double degrees in physics, electrical engineering and computer science. He once worked in the well-known quantitative institutions DRW trading group and two sigma investments. Later, he returned home and joined Shanghai Ruitian investment as a partner. Ruitian investment was once known as one of the four kings of quantitative private placement in China; In 2019, Gaokang independent portal founded Yanfu investment. He has more than 10 years of experience in global quantitative strategy R & D and portfolio management.

With regard to the 1000 index enhancement products, the vice president of Yanfu investment said in an interview that compared with the 500 index increase, the 1000 index increase track is not so crowded, and the dividend period in the future is still relatively long. The 1000 index is a representative of small cap stocks with very good growth. In particular, its constituent stocks are basically dominated by industries with relatively high scientific and technological content, such as information technology, medical treatment and industry, accounting for more than 75%. In fact, compared with the CSI 300 index dominated by industries with traditional finance, real estate and consumption, The future development potential of CSI 1000's own constituent stocks will be greater.

As for the strategic capacity, the vice president of Yanfu investment said that the average market value of CSI 1000 index is almost 12-15 billion, and the liquidity and turnover situation this year is no less than CSI 500 and CSI 300. Overall, the overall A-share market of CSI 1000 strategic capacity may also be 800-900 billion. Under the same strategic capacity, the increase of 1000 index may be about 50 billion.

In the past, there were many closed disks of 500 refers to added products in the market. This time, it is 1000 refers to added products. Why? There is quantitative private placement executive analysis. Each quantitative private placement will judge the capacity according to the strategic level of its own investment research team, "In theory, the trading volume of the constituent stocks of the CSI 500 index will be larger, and the 1000 index will be slightly smaller, which is relatively speaking. In principle, the capacity of the 1000 index will be smaller than that of the 500 index. In addition, when the market trading volume slows down, some strategic capacity will be stretched."

The director of a 10 billion quantitative private equity market said that compared with the enhanced products of the 300 and 500 indexes, the market capacity of the 1000 index is relatively small, because there are many small stocks in the 1000 index, the market trading volume of small stocks is small, and they are scattered in many stocks. "Therefore, 1000 means that the added capacity cannot be too large. If the capacity is large, it will have an impact on the market, the impact cost will become larger, and the excess return will decrease significantly."

A person from a large quantitative private placement market said that for quantitative investors, the strategic capacity depends on the shortest board. Now many managers choose stocks in the whole market, and the capacity depends on the carrying capacity of small tickets. "It may have something to do with the scope of stock selection or market trading volume. It's not because of the amount of funds to close the market. It may be more about whether the excess return can be maintained and the yield can be maintained. If the yield decreases, I'd rather not accept the money, otherwise the yield will decline."

Several quantitative private placement companies have announced the closure

Ten billion quantitative private placement increased to 20 this year

In fact, this year, more than one quantitative private placement announced its closure. On September 7, 30 billion quantitative private placement Tianyan capital announced its suspension of raising. Tianyan capital said that since 2021, with the changes of market and industry conditions and the wide recognition of the company's performance, the company's management scale has increased rapidly. Recently, the company has actively restrained the growth of management scale through various market means, but it still believes that the growth rate Too fast. In order to protect the long-term interests of surviving investors and provide good investment services for all investors, the company decided to stop the raising work in stages.

On September 3, the 10 billion private placement of evolutionism assets also announced the suspension of the raising of its quantitative line products. Evolutionism said that in order to protect the interests of existing investors and the long-term development of the company, after careful consideration, it decided not to issue new quantitative products this year. The existing quantitative products will be managed by partially suspending the raising and partially limiting the amount, and the normal operation of the products Redemption is not affected.

Previously, well-known quantitative private placements such as Mingyu investment, Qilin investment, Jinge Liangrui and xingkuo investment closed their market neutral, 500 index increase and other strategic product lines and thanked customers behind closed doors.

Ningbo Jinge Liangrui assets, a newly added 10 billion quantitative private placement, also released the "closing plan" in August , in order to protect the interests of existing investors, maintain the stability of strategic capacity and the consistency of performance, and deal with various market conditions in the future, the Investment Committee of the company decided to suspend the subscription of Liangrui No. 77 private securities investment fund from September 1 this year, open the fund quota management, and control the product management scale according to the market conditions and strategies.

According to the estimation of CITIC Securities Research Department, as of the end of the second quarter of this year, the scale of assets under management of domestic quantitative private equity funds reached 1034 billion yuan, officially crossed the 1 trillion mark, and the proportion in the securities private placement industry climbed to 21%.

At the same time, according to the data of private placement network, as of August this year, the number of 10 billion quantitative private placement has increased to 20. Among them, the new 10 billion institutions include Jinge Liangrui, yinnuo assets, century frontier assets, black wing assets and Qianxiang assets; the scale of Mingyu investment, Jiukun investment, magic square quantification and Lingjun investment ranks in the forefront.