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, we have already contacted you for the financial license transfer.
2 Internet small loan licenses worth 38 million yuan, 1 insurance agency license worth 15 million yuan, and 1 fund sales license worth 21 million yuan.
There are a total of 4 financial licenses, with a total purchase price of 74 million yuan."
Zhang Yida picked up the document and looked at it, then smiled at Lan Lan: "Thank you for your hard work! I will sign and approve the acquisition immediately!"
It must be acquired! Looking at the price, Zhang Yida can’t wait to buy a batch of licenses immediately. It will be absolutely satisfying to sell them in a few years and earn six or seven times.
Nowadays, it is easy for larger companies to apply for licenses, but Ruixiang has been in business for less than 3 years. It is a flaw and does not meet the license application conditions.
So you can only buy a license! Whether you have a financial license now doesn't matter, especially for Internet small loans. In a few years, without a financial license, it will be an illegal operation.
"Have you seen any suitable public funds?" What Zhang Yida is most concerned about is this.
With this major fund license, it is stronger than the small licenses of fund subsidiaries, fund sales, and fund payments combined.
With a fund license, you can participate in the design of the fund. Ruixiang Group can also launch its own Internet currency fund.
Lan Lan shook her head, but as if she thought of something, she mentioned it again: "Handing is preparing to establish a public fund recently, and I heard that it has been approved by the China Securities Regulatory Commission."
"Handing! The future king of the New OTC Market in terms of market capitalization, with a market capitalization of over 100 billion. But now it's only a few billion in market capitalization. It was all a result of a ridiculous operation.
What kind of naughty operation?
It pioneered the model of "fund shares in exchange for equity", turning original private equity fund investors into shareholders of Handing Group.
In 5 years, the market value has reached a breakthrough from tens of millions to hundreds of billions!"
Zhang Yida remembered the various radical methods of the Handing Group in later generations and hesitated a little whether to interact with them.
After some consideration, I felt that a public fund license was too rare, so I decided to contact Handing Group to give it a try.
…
As usual, after Hu Gang finished what he was doing in the office, he leaned on the comfortable and spacious boss's chair, lit a Cuban cigar, and started puffing away.
There was a "bang bang" knock on the door, and Hu Gang casually replied, "Come in!". A beautiful secretary dressed in a gorgeous dress walked in.
"Mr. Hu, Ms. Song Caiwei, assistant to the chairman of Ruixiang Jinke Group, just called me and said that Mr. Zhang Yida, the chairman of their group, wants to meet with you." Secretary Meiyan respectfully reported.
"Rui Xiang Jinke? Zhang Yida?" Hu Gang murmured, thinking about it for a long time, but he didn't remember that he knew this person.
"This is the information I just collected about Rui Xiang Jinke and Mr. Zhang Yida. Mr. Hu, please take a look at it." Seeing Hu Gang's silence, the secretary quickly handed over a document.
Hu Gang took the information and looked at it. The first thing that caught his eye was a photo of a dazzlingly young man, and an introduction text:
"Zhang Yida, 19 years old, is the chairman of Ruixiang Jinke, the chairman of Yimin Financial Services, the founding partner of Huayi Capital... and a series of other titles.
Ruixiang Jinke is a leading financial technology group in China. It was co-founded in October 2013 by Zhang Yida and Lin Zhenyang, both students of Peking University.
In November 2013, it completed a US$50 million Series A financing led by Blackshirt Capital, with a valuation of US$500 million; in May 2014, it completed a US$500 million Series B financing led by Temasek, with a valuation of US$3 billion.
Business coverage includes: financial traffic diversion, mobile payment, credit management, financial technology output..."
Hu Gang knew who this was. Some time ago, he heard some friends in the alumni circle and the financial circle talking about this person.
I didn't think of it at the moment, but when I saw the valuation of the school and the company, as well as my age, I immediately figured it out.
"Did Rui Xiang tell me why he asked me for a date?" Hu Gang asked the secretary.
"Mr. Zhang Yida's assistant said that he wants to discuss cooperation with Handing," the female secretary said.
"Talk about cooperation?" Hu Gang felt a little strange. Ruixiang is mainly engaged in Internet finance, while Handing is mainly engaged in PE equity investment. Is it possible to talk about cooperation and investment?
Supressing his curiosity, Hu Gang gave instructions to the female secretary: "Call Rui Xiang back and tell him that I will host a banquet tonight to welcome Mr. Zhang."
…
In a private club in Beijing, Zhang Yida met Hu Gang, chairman of Handing Group, and Wang Xiaojie, president.
Zhang Yida shook hands with the two of them and greeted them cordially in Sichuan dialect:
"Mr. Hu, Mr. Wang, I have been friends with my two brothers for a long time, and we finally have the opportunity to meet and visit."
"Haha, brother Yida, you are out of touch now. How old are we? You can call me Brother Hu or Brother Wang."
The person speaking was Wang Xiaojie, the president of Handing Group. He is about the same age as Hu Gang, he is also thirty-six or seventeen years old. He wears glasses and looks more serious.
"Yes, Yida! The three of us are fellows from Sichuan Province. I also studied for my Ph.D. at Beijing University, 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 polite to the two elder brothers anymore." Zhang Yida also laughed and said haha.
After pondering for a moment, Zhang Yida looked at the two of them and said:
"I heard that Handing Group has applied for a fund license. I wonder what the two eldest brothers think of Internet monetary funds?"
"Are you talking about the Yu'e Bao model?" Hu Gang took a bite of vegetables and asked.
"Yes, that's that model. I heard that their fund size has reached hundreds of billions, and the Internet fundraising speed is shockingly fast." Zhang Yida said with emotion.
"Yes, relying on Alipay as a traffic tool, Rainbow Fund's development is enviable." Wang Xiaojie also agreed.
"Yes, so I found the two eldest brothers. I just want to talk with everyone and see if Ruixiang and Handing can cooperate."
Zhang Yida finally got to the point. The purpose of this meeting was to set his sights on Handing Group's public fund license.
"What kind of cooperation method?" Wang Xiaojie and Hu Gang looked at each other and he asked first.
"Ruixiang will invest in the fund company and then provide the platform and financial flow resources. Handing will provide the license and we will work together to raise funds."
Zhang Yida put forward the conditions, then looked at Wang and Hu, waiting for their answers.
Hu Gang originally thought that Zhang Yida asked them to invest in Ruixiang, but he 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 had Ruixiang as a shareholder, and with the huge financial flow resources, it would be much easier to raise funds.
And there is 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 then asked:
"How many shares does Ruixiang plan to invest?"
"Handing holds 51% and Ruixiang 49%. You still control it. I just want to realize Ruixiang's financial flows."
Zhang Yida is very calm and will not be so arrogant as to compete with Handing for controlling shares.
"Old Wang, tell me what you think?" Hu Gang looked at Wang Xiaojie.
“I think the Yida brothers’ proposal is very good! With Ruixiang joining us, it will undoubtedly be much easier to raise funds.
But this matter is important and needs to be discussed by the board of directors before a decision can be made!"
Wang Xiaojie expressed his position and said.
After hearing this, Hu Gang looked at Zhang Yida and said:
"I personally agree with our cooperation! But the matter is serious and we need to discuss it with other directors and shareholders."
Zhang Yida nodded and said:
"This is what it should be. I'll just wait for the good news from my two brothers!"
Ignoring the matter, the three of them began to exchange cups and cups.
Zhang Yida is also very curious about their entrepreneurial stories.
Wang Xiaojie entered the University of Foreign Economics and Business in college. His highest degree is a doctorate in finance. He was once the youngest director of the Central Bank. His development has been smooth.
Hu Gang's experience was much more bumpy. Because his family was poor, he only attended a technical secondary school at first. Then he studied by himself and was admitted to junior college, undergraduate, accounting, lawyer, graduate school, and finally received a Ph.D. in finance from Beijing University.
His professional resume also started from a bricklayer to a financial elite of a securities company. Later, he was admitted to the China Securities Regulatory Commission and climbed up step by step from clerk to deputy director to director. Later he was also called 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 started a business together, which was quite sensational at the time.
However, I heard that it was quite difficult for the two of them in the early stages of starting their business. They encountered obstacles at every turn and went to many places but could not raise funds.
If you can't raise capital when making investments, it's like a skillful woman can't make a meal without straw.
Zhang Yida has also experienced this feeling. It feels so uncomfortable! He looks at a good project but has no money to invest, so he can only watch it while doing it. It is simply a kind of torture!
Zhang Yida asked with a smile:
"I heard that Handing Group's first customer was a driver whom two brothers met in the car. Is there such a thing?"
"It's not the driver, it's the media that is adding fuel to the fire!" Hu Gang smiled and shook his head.
"The thing is like this. It was a friend of a friend. We went to Zhejiang for several days and failed to raise any funds.
We were exhausted, so a friend asked his friend to drive us there.
The two of us were sitting in the back row discussing how to build a PE framework, which projects to invest in? And how to manage and exit the project in the later stages?
We thought the person driving the car was the driver. But when he dropped us off, he told us that he wanted to invest 50 million in us.
We were shocked at the time, thinking he was a driver, but it turned out that he was an entrepreneur. We heard us talking about PE along the way, so we listened carefully and agreed with our investment philosophy.
In this way, this customer gave us 50 million. Later, catching up with the bull market in 2007 and the GEM in 2009, Handing Group began to develop and grow.
Now that I think about it, it’s also luck!”
Wang Xiaojie told the story, 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 Handing Group, and knows that their success is due to a certain amount of luck, but what matters more is the talent and... past resume of the two.
"Haha! What we do in PE is to arbitrage the price difference between the primary market and the secondary market. It doesn't have much gold content."
Hu Gang said modestly that his family knew their own business, and those who were in charge of pre-IPO rounds specialized in investing in the last round of investment in quasi-listed companies before going public.
When the big A-share stocks were first listed, their prices skyrocketed, which can be said to be a money-making process.
Zhang Yida smiled and said nothing. He thought of what Handing Group would experience in a few years. It would be an A-share success or an A-share failure. Debt-ridden, various lawsuits and disputes, inspections by the China Securities Regulatory Commission...
In the end, there was no way to start selling financial licenses. Securities licenses, insurance licenses, fund licenses, everything that could be sold was almost sold.
Just then Ruixiang was following behind to pick up rags!