Author | Yan Da
Real estate is not good, and many little-known links begin to surface.
In the past two days, Vanke has been in turmoil again, and the products of the Internet financial platform in which it has "shared" have also defaulted, commonly known as thunder.
This Monday, "Shenzhen Pengding Chuangying Financial Services Co., Ltd." issued a statement on the official account of its wholly-owned subsidiary "Pengjin", saying that the company provides services for multi-phase equity income right investment products, and due to market factors, the invested projects cannot be recovered as planned, resulting in the delay in the payment of some products......
What is an investment product called "equity income right"? Translated, it means that the funds raised are not directly lent to other enterprises or individuals to collect interest, but are generally closed through the combination of purchasing equity income rights and repurchases.
The rate of return in this way is generally not high, 6% is considered high, and it is said that the expected rate of return of many products of Vanke is 5.2%.
According to public information, the indirect major shareholder of Pengjin is Vanke, which was jointly initiated by 22 domestic and foreign listed companies led by Shenzhen High-tech Venture Capital in 2014. In August 2016, Vanke invested nearly 300 million yuan to indirectly become the single largest shareholder of Pengjin, with more than 20% of the shares held by Vanke Finance Company, which is a subsidiary of Vanke.
In 2014, it was the hot period of Internet finance, and it was like a day.
So you can also guess that at that time, many of the various Internet financial management of this and that institute were engaged in fart, linking the financier and the borrower, the intermediary role, the rules, not directly involved in the loan debt creditor relationship, and the lack of rules was no different from fraud.
It is good to enjoy the shade under the big tree, and when the thunder is everywhere behind, the thicker the background, the stronger the natural resistance, especially when there are local state-owned assets and a number of listed companies.
There was no breach of contract, no thunder, or proper disposal, all parties had nothing to say, and naturally everything was fine.
According to reports at the time, in 2017, Pengjin had a situation of illegal issuance of large bids that seriously exceeded the limit, and the flow of funds was highly concentrated in the real estate industry. In addition, at that time, many of the borrowers of "Pengjinxin" were Vanke employees, and the market questioned the use of Pengjin's disguised financing.
According to media statistics, from February 22, 2017 to the afternoon of August 17, 2017, there were as many as 517 similar Vanke employee loan projects in Pengjinxin's series of products, involving a total amount of 270 million yuan. It can be said that from the vice president to the ordinary employees, almost all employees of Vanke went out to borrow money.
Therefore, at that time, some media asked: Vanke bought Pengjin in order to facilitate its own financing?
Speaking of which, you will have questions, the major shareholder of Pengjin is Vanke, and many employees of Vanke borrow money from Pengjin, which has nothing to do with Vanke itself.
Listen to me.
Before Vanke became the owner of Pengjin, the transaction scale of Pengjin had reached 9 billion, and the corresponding targets of the products were all corporate loans. After Vanke became the owner of Pengjin, the style of painting changed, and the product target quickly shifted from corporate borrowing to real estate project co-investment.
At that time, there was a product called "Pengjinxin XX-Real Estate Co-investment Loan" on the platform of Pengjin, which introduced that the funds borrowed by employees were specially used for "co-investment in the real estate development projects of the enterprise", and these projects were Vanke's real estate projects across the country!
Seeing that this is still mushy, let me give a more direct example.
At the end of 2020, Zhang Haitao, the former rotating general manager of Vanke, resigned and was arrested on February 9, 2021, one of the charges was to take advantage of his position to solicit bribes from the defendant Zheng and others in the name of "borrowing" during his tenure at Vanke. Zheng and others gained an advantage in contracting Vanke projects.
But to the surprise of the outside world, the case did not go to trial until August 2022, and the Red Star News reporter observed the whole process.
The most eye-catching thing in the trial process is: All the parties, those who gave and accepted bribes, denied the accusations of "bribery" and "bribery"! Among them, Zhang Haitao explained that "he never had the idea of taking possession of loans", and that he borrowed money from various parties because Shenzhen Vanke implemented them to the management, and these loans were all left with IOUs;
Zhang Haitao said that from May 2014 to May 2020, he participated in 40 of the company's compulsory co-investment projects, with a participation amount of more than 40 million.
He said that he had never taken possession of the idea of borrowing a loan, nor had he ever provided any convenience to the borrower, and that there was still a project of 1,495 yuan in Vanke that had not yet been allocated when due.
I still haven't found out what the outcome of this case is, and the verdict has not been pronounced in court at that time.
As a bystander, there is almost a visible infighting in the company here, and the dispute between Baowan and Wang Shi's exit also occurred in the early stage of that stage.
However, the side does confirm one thing, no wonder some people say that "from the vice president to the ordinary employees, almost all employees of Vanke are dispatched to borrow money", and the courage has a great relationship with forced follow-up investment.
It is amazing that one person can borrow more than 13 million on one platform.
This thing is similar to "overtime is all voluntary", saying that it is all voluntary, but in fact it is "necessary". At the same time, there is another situation, that is, during the peak period of real estate, insiders may borrow money to invest in houses or real estate projects to obtain higher returns.
In 2017, Pengjin had serious violations and a high concentration of funds in the real estate industry, which was questioned by the outside world, so it is estimated that it was guided by the regulatory window. It is estimated that because of this incident, Zhu Jiusheng, who served as the chairman and general manager of Pengjin's parent company "Pengding Chuangying" from 2016 to January 2018, resigned.
Zhu Jiusheng, who was born in finance and economics and has worked in the bank for nearly 10 years, has been in the Vanke circle since joining Vanke in 2012.
Now it seems that Zhu Jiusheng has left Pengjin, but the related business of Pengjin seems to have not stopped, and the current chairman is still an old man from Vanke.
So, who has exposed the default of many products of Pengjin now?
After all, it is its own wealth management company, and the market is called a "wealthy" platform, and many Vanke employees have also bought related financial management. Yes, that's right, there are Vanke employees who borrow money from this, and there are people who invest money.
Some investors said that Pengjin's products were only recommended by Vanke internally, and employees voluntarily purchased them, so most investors were internal employees of Vanke, but external investors could also buy them if they were introduced by Vanke employees. In my opinion, this is more or less one of the strategies of hunger marketing.
Judging from the comprehensive report, the amount of purchase is not small, ranging from three or four hundred to four hundred or even tens of millions. In March, there was an overdue, and then there was a cashing crisis when it expired one after another.
The thunder was covered up, investors couldn't wait, and they spoke on the Internet, and the statement issued by Pengjin a few days ago was probably forced out in this way.
Many large real estate companies have played similar games, like Lao Xu's Yuanda Fortune, just to see who plays better, but I didn't expect that now Vanke's can't withstand the thunder.
Now look at the above picture - at the end of September 2018, Vanke held a regular autumn meeting, and "Survive" detonated the whole network.
Now, though, I don't want to talk about the predicament it faced then and now.
But I have a new understanding of the "survival" of Vanke's meeting:
I'm afraid it's not as simple as urging everyone to work hard.
It's more like a mobilization meeting for everyone to take money and invest!