The futures market is the high-end of the modern market system, its unique price discovery, risk avoidance and other functions, can provide authoritative price reference for the adjustment of the market entity's business strategy and national macro-control, provide effective hedging tools for the market players, improve the market adaptability and competitiveness of the main body, and then effectively allocate market resources, promote economic and industrial structure adjustment, and improve the discourse power of the international market of commodities. It is also a new direction of innovation and development that the domestic and foreign derivatives markets are constantly exploring.
In the past year, the trading volume of China's futures market hit a record high, with a substantial increase for three consecutive years; in 2021, China's futures market traded 7.514 billion lots and 581.2 trillion yuan, an increase of 22.13% and 32.84% respectively year-on-year. The global futures market traded 62.584 billion lots, and the trading volume of China's futures market accounted for 12% of the total trading volume of the global futures market.
The mainland futures business is from more than a hundred years ago, the mainland's national industry in the gap of foreign aggression slowly unfolded, in order to survive, most of the mainland's aspirants and well-known entrepreneurs actively learn to practice the capitalist operating form and handling experience, including the development of futures business. Because of the one-sided understanding and interest-driven, it constituted a boom in running a business for a while. After 1990, with the development of the mainland shopping mall economy and the further reform and opening up, under the initiative of many industrialists and businessmen and well-known scholars, the mainland's futures shopping malls have resurfaced and steadily gone to the world.
The business celebrity introduced to you today is from the futures industry, he entered the futures industry at the age of 22, in the course of more than 20 years of futures industry, experienced the ups and downs of China's futures market, ups and downs, ups and downs, always loved and supported China's futures cause, is a new generation of entrepreneurs who have grown up in the capital market for more than 20 years. He also started as an ordinary broker, and continued to develop step by step, eventually becoming the actual controller of the first listed futures company on the Shenzhen Stock Exchange.
He is Lin Zhibin, the actual controller and chairman of Ruida Futures Co., Ltd., who entered the futures market in 1991 and encountered a cold ice period in the industry, which lasted until 2007. In this process, what Lin Zhibin can do is to persist. But his persistence made him finally reap success, Ruida Futures has formed a development layout of "based on Fujian and facing the whole country", and has become the second futures company in China to hold a public fund license and the first futures company listed on the Shenzhen Stock Exchange.
So, who is Lin Zhibin?
Lin Zhibin, born in November 1969, a native of Jinjiang, Fujian Province, is an EMBA student at Xiamen University. He is currently the actual controller, chairman, director and legal representative of Ruida Futures Co., Ltd. At the same time, he also serves as the chairman of the board of directors of the subsidiary Ruida New Holdings Capital Management Co., Ltd., and the director of Ruida International Financial Holdings Limited, Ruida International Asset Management (Hong Kong) Limited, Ruida International Capital Co., Ltd. and other companies. Lin Zhibin indirectly holds 113 million shares of Ruida Futures through Xiamen Jianuo Industrial Co., Ltd., with a shareholding ratio of 25.35%.
Public information shows that Lin Zhibin is from Jinjiang City, Fujian Province, and is studying for an EMBA at Xiamen University;
Entered the futures market at the age of 22 and was one of the first salesmen of China's first futures company, working for Shenzhen PepsiCo Commodity Futures Investment Consulting Company;
Since the age of 24, he has worked in Shantou Nanfang Futures Brokerage Co., Ltd. as a manager;
Since the age of 26, he has worked in Tongyuan Material Trading Co., Ltd. in Baoji City, Shaanxi Province, as deputy general manager;
Since the age of 29, he has worked in Sichuan Xingxin Futures Brokerage Co., Ltd. as general manager;
Since the age of 30, he has worked in Chengdu Ruida Futures Brokerage Co., Ltd. as deputy general manager;
Since the age of 32, he has been the general manager of Chengdu Ruida Futures Brokerage Co., Ltd.;
Chairman of Chengdu Ruida Futures Brokerage Co., Ltd. since the age of 35;
At the age of 36, the company's name was changed from "Chengdu Ruida Futures Brokerage Co., Ltd." to "Ruida Futures Brokerage Co., Ltd.";
At the age of 43, Ruida Futures Brokerage Co., Ltd. was transformed into a joint-stock system, and the company was renamed Ruida Futures Co., Ltd. as the chairman of the board, and concurrently served as the chairman of Ruida New Control Capital Management Co., Ltd.;
At the age of 50, he led Ruida Futures to list on the A-share market of the small and medium-sized board of the Shenzhen Stock Exchange, becoming the first futures company listed on the Shenzhen Stock Exchange;
At the age of 51, he was listed for the first time in the "2020 Hurun Rich List", ranking 1631st in the list with a wealth of 3.3 billion.
The first futures company listed on the Shenzhen Stock Exchange
Founded in March 1993, Ruida Futures Co., Ltd. is the second futures company in China to hold a public fund license, with its main business as financial futures brokerage, commodity futures brokerage, futures investment consulting and asset management, and carries out risk management business through its wholly-owned subsidiary Ruida New Control, and carries out overseas futures brokerage business through its wholly-owned subsidiary Ruida International.
The company was formerly known as Chengdu Ruida Real Estate Co., Ltd., which was wholly owned by Chengdu Ruida Futures Brokerage Company; on August 15, 2005, the company name was changed from "Chengdu Ruida Futures Brokerage Co., Ltd." to "Ruida Futures Brokerage Co., Ltd."; on November 1, 2012, the company as a whole was changed to Ruida Futures Co., Ltd.;
According to the financial data of futures companies disclosed by the Mid-term Association, from 2015 to 2017, the net capital indicators of Ruida Futures ranked 32nd, 27th and 26th in the industry, and the net profit indicators performed prominently, ranking 4th and 5th and 16th in the industry respectively; from 2016 to 2019, Ruida Futures achieved operating income of 464 million yuan, 513 million yuan, 471 million yuan and 951 million yuan, respectively The company's main source of income is the fee income and margin interest income generated by the futures brokerage business.
On September 5, 2019, Ruida Futures Co., Ltd. was listed on the A-share market of the small and medium-sized board of the Shenzhen Stock Exchange, stock code: 002961, stock abbreviation: Ruida Futures, becoming the first listed futures company on the Shenzhen Stock Exchange. In 2020, Ruida Futures achieved a total operating income of 1.342 billion yuan, an increase of 41.08% over the same period of the previous year; an operating profit of 340 million yuan, an increase of 113.17% over the same period of the previous year; in the first three quarters of 2021, it achieved a total operating income of 1.65 billion yuan, an increase of 116% year-on-year; and a net profit attributable to the mother of 370 million yuan, an increase of 181.2% year-on-year;
At noon on January 12, 2022, Ruida Futures disclosed its 2021 annual performance forecast, and the company expects the net profit attributable to shareholders of listed companies in 2021 to be 493 million yuan – 520 million yuan, an increase of 98.12% – 108.97% year-on-year. Net profit after deducting non-recurring gains and losses increased by 117.13% to 131.70% year-on-year.
epilogue:
Lin Zhibin is a very legendary figure and a very inspirational entrepreneur, and his success stems from his indomitable spirit and extraordinary courage. I hope that the majority of entrepreneurs can also understand from the story of this big guy, so that their careers can be improved and reach a higher level.
Therefore, Xiaobian specially sorted out Lin Zhibin's information for everyone to refer to and learn from as an example, and also hoped that he could continue to work hard, be the pioneer and model of the times, set a good example for the people, and make more contributions to society.