Brewing big moves, Wanda intends to expand the financial map

Although a large fortune Wanda, has paved its own board to the fields of cultural tourism, commercial real estate, hotels, foreign investment, but, in the previous, the financial sector has never set foot in them. Recently, as a very important step game - involved in the financial sector, Wang Jianlin "manuscript" for the first time in the same time, the beginning surfaced. Wanda Group Chairman Wang Jianlin said, "If everything goes well, then in 1-2 years, Wanda will have a big move in the overseas financial industry."

Wanda secret layout of the financial territory

"Currently, Wanda is negotiating further cooperation with the Bank of Dalian." This is the news from a reporter approaching the Wanda Group about the latest developments in the Wanda Group's financial business. Although Wanda has long been an indirect shareholder of Bank of Dalian, but according to sources, Wanda's ambition does not stop there, but once the cooperation is reached, then Bank of Dalian will also be the first time with Wanda Plaza stationed in the city , Quickly spread.

In fact, the "ambiguous" rumors of Wanda Group and Bank of Dalian have been exposed as early as this year. It is said that in recent years, Wang Jianlin, chairman of Wanda Group, did not hesitate to smash the money to seek a cross-provincial operation has more than two banks in the country. In April of this year, people familiar with the matter said Wanda Group is trying to invest in Bank of Dalian Co., Ltd., or will acquire its 20% stake in order to become the largest shareholder. In the meantime, Wang Guia, former chief investment manager and head of investment banking at China Construction Bank, has officially joined Wanda and is currently the senior vice president of Wanda Group. In Wang Jianlin's arrangement, 49-year-old Wang Guia will be responsible for the preparation of Wanda Group's financial sector.

And Wang Jianlin Wanda financial layout for the already well known: plans to register in the third quarter of this year Wanda Financial Group, the future of Wanda all the holding, equity participation and financial investment by the financial holding company. To this end, Wanda has incorporated a billion-level investment company, is declaring the establishment of a registered capital of 300 billion in financial companies, also plans to invest in other financial sectors. Starting from the second half of this year, Wanda will expand its financial business step by step and invest in various financial sectors, after Wanda has already made some financial preparations.

Why the financial industry?

Wanda Why at this time planning the financial sector? With Wang Jianlin's own words, this is "Wanda to achieve the requirements of a new transformation, but also to create a new pillar industry Wanda new profit growth point." It seems many people in the industry, the remark also broke the urgency of the current restructuring of real estate business.

An inconvenient analyst pointed out: "Commercial real estate is affected by the entire industry, it is difficult to make a big accomplishment, while in recent years, a large scale of cultural industries have not yet been fulfilled.While known as Wanda in the bank credit level there is no problem , But in the long run, there is still a need for profit support. "He said Wanda's problems are large-scale, but profitability is actually low.

Revenue continues to rise for many real estate companies really do not want to look back. In the first half of the year, the assets of Wanda Group reached 4.6 trillion yuan with a revenue of 920.7 billion yuan. The annual overall target is assets of over 500 billion yuan and revenue of 242.289 billion yuan.

Rand consulting president Song Yanqing also calculated an account for Wanda, "Wang Jianlin estimated Wanda accounted for more than 50% of the shares, as estimated by 51% -70%; Wanda estimated net debt ratio of over 50%, such as optimistic by 50% Calculation, with reference to Vanke, China Shipping and other cash conditions, optimistic assuming that Wanda has 50 billion yuan, optimistic total down, Wanda interest-bearing liabilities of 117 billion -141.8 billion yuan. "Song Yanqing pointed out that such figures are not small. And now Wanda choose to enter the financial sector, the biggest benefit is to fancy the future potential of the financial industry. "If by controlling or acquiring secondary city commercial banks can be listed, then the current original capital will become the high price in the future.Non-listed, a Dalian bank has billions of billions of net profit a year, certainly higher than real estate And commercial real estate to make money. "Song Yanqing said.

30 housing prices involved in finance

According to incomplete statistics, as of February 2014, about 30 real estate developers have been involved in finance. Many industry insiders believe that real estate finance "marriage" will become the future trend, and Wanda as a leading enterprise has also been involved in this torrent. Quoting an investment banking veteran, almost all the big consortia holding banks in the world have used the bank's resources as their own industries. Including the Kunlun Bank under PetroChina, have achieved rapid growth in recent years.

Since January this year, the news about Wanda's recruitment of executives has spread both inside and outside the industry. Many financial institutions, including banks and funds, have received similar offers. In personnel composition, Wang Jianlin bluntly: "And do other industries, we must find the right talent .Can not do a good job in the financial industry, the key is not approval, not money, but talent." It is foreseeable that future high-paying digging in the financial sector will be one of Wanda's major preparatory work.

Song Yanqing also pointed out that the degree of financial marketization is getting higher and higher. In the future with the support of the government, there may be more local banks going public. As an important investment direction of Wanda, if finance wants to get listed in the market in the future, then the business should be clearly divided from the very beginning. He believes Wanda was unsuccessful before the listing, it is important because of related party transactions is too complicated; as a business should learn from experience.