Wei Dong
Wei Dong
Wei Dong, born in 1967, graduated from the Department of economics and management of Central University of Finance and economics with a graduate degree from Central University of Finance and economics in 1993. A year later, Wei Dong began to operate Yongjin's series of companies, and its growth rate was astonishing. Relevant media also believe that a 27 year old young man can not have such vision and strategy. On the afternoon of April 29, 2008, he jumped from a building and died at the age of 41.
Life of the characters
brief introduction
Wei Dong, born in 1967 in Yongshun, Hunan Province, graduated from Central University of Finance and economics with a master's degree.
He once worked in the Ministry of finance, and then worked in China Economic Development Trust and Investment Corporation (China Economic Development Corporation) under the Ministry of finance.
Yongjin company was founded in 1994, which is engaged in investment, holding Jiuzhitang group and Guojin securities through the company. Former director of Guojin securities and director of Jiuzhitang Co., Ltd.
event
On the afternoon of April 29, 2008, Wei Dong, whose career was booming, jumped out of his home in Beijing and died, ending his 41 year old life.
Related reports
The cause of starting a business
Some analysts believe that at that time, China's stock market was in a period of rapid growth, which indeed created a large number of capital experts who made a fortune. However, there were few capital experts like Yongjin who could quickly and sensitively seize the best opportunity to get rich, and had such accurate judgment on policies, and often obtained the maximum profit at the minimum cost. At least in many of the original wealth accumulation of Yongjin wealth history is innocent. But at that time, Wei Dong, a young man, obviously had no such ability. Wei Zhenxiong, Wei Dong's father, should play an important role behind Wei Dong's success. Wei Fu is the soul of Yongjin. He is currently a professor of Central University of Finance and economics, master's supervisor, honorary director of accounting department, executive director of China Accounting Society, director of China Asset Appraisal Association, consultant of China young and middle-aged financial cost research association, chairman and chief accountant of Zhonghui accounting firm. He received special allowance in 1992. As a famous accountant in contemporary China, Wei Fu is also a leader in the industry in practice. Since 1992, Wei Fu has been the chairman and chief accountant of Zhonghui accounting firm with the background of central finance university. The firm is a group accounting firm undertaking business nationwide, including Beijing Zhonghui, Suzhou Zhonghui, Shanghai Zhonghui, Liaoning Zhonghui, Anshan Zhonghui, Dandong Zhonghui, etc. It is found from the public information that Zhonghui accounting firm has made asset appraisal for several listed companies such as Suzhou hi tech and shiquanye. There is no doubt that Wei Dong, an authoritative figure in Chinese accounting circles, plays an important role in grasping Yongjin's investment situation. And Wei's father is all over the world, and Zhonghui accounting firm's reputation in the industry, which is the background of the central finance university, has provided the convenient conditions for Wei Dong and his Yongjin department to develop successfully, at least in the early stage of Yongjin's growth. People in the circle are more willing to regard "master Wei" as the godfather of "Vito Corleone", and some even call him "spiritual Godfather" of Yongjin. Although Yongjin people strongly deny all kinds of conjectures, the outside world still believes that: Mr. Wei's decades of teaching career, his students are all over the financial sector; this wide range of human resources has contributed a lot to Yongjin's rapid start-up.
Start up history
Wei Dong joined China Economic Development Trust and Investment Corporation in 1990 and later left to establish Shanghai Yongjin Industrial Co., Ltd. Yongjin group was established in early 1994, and investment consulting is the core business of Yongjin group. However, one year ago, Yongjin finance, which was still dormant in Beijing Poly building, established Shanghai Yongjin Industrial Company with a registered capital of 200 million yuan in Xiaoqi Town, Qingpu County, Shanghai, echoing Beijing Yongjin from north to south, laying the groundwork for the trading of corporate shares of Listed Companies in the future. In fact, it was not until two years later that Shanghai Yongjin emerged in the capital market. In 1999, Yongjin invested 180 million yuan in Hunan. Then, in the policy of placing new shares to strategic investors, Yongjin, who made a lot of money, quickly attacked the growth enterprise market. In November of that year, Zhijin investment company was listed in Zhongguancun Science and technology park. Not long ago, more than 100 million principal has been injected into more than ten high-tech companies. With the continuous growth of Yongjin group, Wei Dong's brother Wei Feng also joined Yongjin. Beijing Zhijin Technology Investment Co., Ltd. has become a marvel for Yongjin to win the gem. Most of the investment companies have strong industry competition and expansion ability, and many of them are set up for the gem. That is to say, once the GEM market is opened, Yongjin's equity investment of more than 100 million will get a return rate of more than ten times or even dozens of times. By analyzing Yongjin's equity companies, we can find that it is different from the famous companies More than half of the investment companies are enterprises cooperated by universities or scientific research institutions. Many of them are not only high-tech or pieced together for gem. Yongjin's equity participation is not simply to seek profits through venture capital and exit mechanism. Like taking over Jiuzhitang group as a whole, Yongjin hopes to step into the industrial field through the operation of the capital market, holding high-tech enterprises on one hand and brand enterprises on the other. Although the sale is too early, resulting in a huge amount of money precipitation, but compared with the subsequent benefits, this investment is still very eye-catching.
There are two golden flowers in Hunan Listed Companies: Jiuzhitang and Qianjin. Jiuzhitang is one of the first batch of time-honored brands in China. It was selected as one of China's 100 most cultural value brands in 2005, with a history of 350 years. The brand value of "Jiuzhitang" is up to 1.086 billion yuan (China Brand Research Institute)! Many people may not know that the real behind the scenes controller of these two pharmaceutical companies is Wei Dong, the head of Yongjin department. In 2006, Wei Dong ranked 473 on the new wealth China rich list. As for why his flagship is called Yongjin, in addition to the good moral, it may also come from Yongjin gate in the ancient city of Hangzhou!
Industry analysis
Wei Dong, the actual controller of Yongjin, was once a member of the Ministry of finance of the people's Republic of China, head of the Securities Department of China Economic Development Trust and Investment Corporation, general manager of Beijing Yongjin Financial Consulting Co., Ltd., and executive director of Yongjin industry (Group) Co., Ltd. Don't misunderstand that Wei Dong is only a director of Yongjin industrial group. He is the real boss of Yongjin department.
At this point, a puzzling problem has surfaced - according to the announcement of the listed company and the introduction of Yongjin's own website, when Beijing Yongjin financial consulting company was founded in 1994, Wei Dong, chairman of Yongjin group, graduated only one year after graduation. How can a 27 year old young man play with the company's financial affairs with strong professionalism and experience? Guo Youcheng, deputy director of the Central University of Finance and economics, confirmed that Wei Dong's father was originally a well-known accounting professor at the University of Finance and economics, while Wei Dong was a graduate of the Department of economics and management at the University's level 86. The Central University of Finance and economics was founded in 1949. At that time, its mission was to train senior finance and taxation talents. Once directly under the Ministry of Finance for a long time, it was under the jurisdiction of the Ministry of education in 2000. In 1952, when the colleges and departments of universities were adjusted, the elites of economics departments of Peking University, Tsinghua University, Yanjing University and Furen University were all taken. Obviously, its financial and taxation system has more connections and resources than other famous universities. There is a credible explanation that the business Mu Ming came to or solicited was operated by Wei Dong's father himself, at least in the early stage. It is obvious that Wei Dong's father's role is not only in this, but also in the conditions of that time. Yongjin is not only good at grasping the general situation and analyzing policies, but also good at starting from a strategic perspective. It requires not only profound professional knowledge, but also a thorough understanding of China's economic background. No matter how talented Wei Dong is, his experience can not be achieved quickly.
Since the establishment of Beijing Yongjin financial consulting company in 1994, Yongjin, a kind of private equity investment fund, has rapidly developed many Hunan clients, helping them carry out joint-stock reform and listing design. Among them, the shortcut is to become the top ten shareholders of Feilong industry (cash Li Technology) and Jiugui Liquor when they were listed on the stock market. Since then, Yongjin began to make great changes in Hunan's capital market.
In recent years, Yongjin has changed from venture capital to strategic holding. First, it controlled Jiuzhitang group, a century old brand of traditional Chinese medicine. Later, it gradually concentrated Qianjin pharmaceutical's shares in the capsule, forming the largest shareholder position in the actual control panel.
Wei Dong and Wei Feng, who "never accept media interviews", have a clear division of labor. Wei Dong leads the network and Wei Feng is responsible for the strategy. "Brothers unite, their interests break gold", the biggest feature of the two is low-key, dull voice, make a fortune. The two companies, Jiuzhitang and Qianjin pharmaceutical, are long-term investors. Before they went public, Yongjin had already stepped in, first led the company to land in the capital market, and then gradually launched the planned acquisition of equity. It's the best choice for Yongjin to buy on the cheap. In 2005, when the stock market was depressed and the stock dealers were sad, Yongjin boldly entered Chengdu securities (now Guojin securities), and the timing was quite appropriate. Yongjin has been looking for a financial platform. The clean-up and rectification of the trust industry has given Yongjin an opportunity to enter the "eyes" of the Wei family.
At present, Yongjin has more than ten subsidiaries at home and abroad, including Beijing Yongjin Financial Consulting Co., Ltd., Shanghai Yongjin Financial Consulting Co., Ltd., Beijing Zhijin Technology Investment Co., Ltd., Shanghai Yongjin Industrial Co., Ltd., Hunan Yongjin investment (holding) Co., Ltd
Chinese PinYin : Wei Dong
Wei Dong
