The Invisible Big Brother Behind Wang Jianlin and Liu Chuanzhi: Lu Zhiqiang

  

  Crossing the sea and treading the waves, I recommend rivers and mountains with my heart. The trees in my hometown are towering, laughing at the ebb and flow of the tide …

  Source: Yi Jian Finance

  Since the beginning of 2018, the official micro of China Oceanwide Holding Group has only sent eight messages, so it only sends two messages a month on average, which is really rare in the official micro of enterprises.

  On April 25th, the "15th (2018) China Charity List" was announced, and Lu Zhiqiang, the chairman of China Oceanwide Holding Group, was honored as the first philanthropist in China with an annual donation of 730 million yuan.

  This news doesn’t seem to make headlines in most media.

  In sharp contrast, on April 28th, Li Yanhong and his wife donated 660 million yuan to their alma mater, Peking University, and Liu Qiangdong and his wife donated 200 million yuan to Tsinghua, which became the focus of public opinion.

  In fact, there is really not much news about Lu Zhiqiang. The following picture shows a collection of public reports about Lu from a well-known financial website.

  In fact, Li Yanhong, Liu Qiangdong and Lu Zhiqiang are not comparable.

  Why didn’t you say this?

  In terms of the number of listed companies, Li Ka-shing, the richest Chinese, only holds 22, while Lu Zhiqiang directly or indirectly controls more than 40 listed companies.

  Some media even commented that Lu Zhiqiang has a bigger business system than Li Ka-shing, and he is the real richest man in China.

  Whether he is the richest Chinese or not is unknown at first sight, but the details of the group industry listed by Oceanwide official website Luo are very telling.

  Financial, real estate and investment industries of Oceanwide Group (Source: Oceanwide Holding Group official website)

  Energy and Media Industry of Oceanwide Group (Source: Oceanwide Holding Group official website)

  In addition to the above, according to Yi Jianjun, Lu Zhiqiang has been involved in dozens of financial institutions such as Minsheng Bank, China Minsheng Investment Corporation and Bank of Zhengzhou through equity participation, and built a complete financial map including banks, securities, insurance, funds, trusts, futures, financial leasing and internet finance.

  Some financial commentators said that in the past 30 years, Lu Zhiqiang has built a huge capital empire including real estate, energy, listed companies, financial institutions and overseas investment.

  The listed companies controlled by "Oceanwide" are scattered in A-share, Hong Kong-share, US-share and Australia’s multiple capital markets, including Oceanwide Holdings, Minsheng Holdings and China Pan Holdings, as well as Genworth, a large comprehensive financial insurance group in the United States, and CuDECOLtd., an Australian mineral energy company.

  In addition, the "Oceanwide Department" has also invested in 39 well-known listed companies such as Legend Holdings and Minsheng Bank, and about 10 companies listed on the New Third Board through shareholding.

  In two recent examples, Oceanwide recently spent 600 million yuan to participate in the "First Car About Car" and 1.097 billion Hong Kong dollars to acquire 51% equity of Huafu International Holdings Limited, a fully licensed brokerage in Hong Kong.

  In March last year, Oceanwide completed the acquisition of major assets of international data group (IDG). Since then, IDG has undergone a new board change, and Lu Zhiqiang, chairman of China Oceanwide Holding Group, has become the new chairman of IDG.

  Who is IDG? IDG is the most famous venture capital company in the world, investing in countless well-known companies, including more than 80 projects such as Tencent, Sohu, CreditEase, Dangdang, SouFun, eBay, 8848 and Kingdee.

  It is no exaggeration to say that Lu Zhiqiang is the boss behind Wang Jianlin. When Wang Jianlin’s Wanda Commercial was listed in Hong Kong, he especially thanked two people in his speech, one was Ma Weihua, the former president of China Merchants Bank, and the other was Lu Zhiqiang, his old friend for many years.

  Why does Wang Jianlin want to thank Lu Zhiqiang? According to Mr. Yi Jianjun, because Lu Zhiqiang was always with him in the process of Wanda’s transformation, he helped Wang Jianlin a lot. When Wanda made the share reform, Lu Zhiqiang also invested a lot of money to become the major shareholder of Wanda Group, and they cooperated in many projects.

  Another person who is obsessed with Lu Zhiqiang is Liu Chuanzhi. Everyone knows that Liu Chuanzhi is the chairman of Legend Holdings, and Legend Holdings is now listed in Hong Kong. However, few people think that the formation of Legend Holdings today has a lot to do with Lu Zhiqiang.

  In the early years, Legend Holdings was state-owned, and Guoke Holdings of the Chinese Academy of Sciences accounted for 65% of the shares. When the share reform was carried out that year, Lu Zhiqiang took over 29% of the shares, so Legend Holdings formed the present situation.

  Although state-owned shares still account for 36% of the largest shareholder, Lenovo Trade Union accounts for 35% of the second largest shareholder, and the third largest shareholder is Lu Zhiqiang’s Oceanwide, accounting for 29%.

  Analyzing this ownership structure, the second largest shareholder and the third largest shareholder add up to absolute holding, which makes Lenovo embark on a veritable mixed model and gain huge development space in the later period.

  On April 18, 2018, Legend Holdings announced that the executive directors of the first board of directors of the company were Liu Chuanzhi, Zhu Linan and Zhao Linghuan, and the non-executive directors were Lu Zhiqiang and Wu Lebin. Lu Zhiqiang still ranks among Legend Holdings.

  Some people may ask, how did Lu Zhiqiang, a little-known figure, manipulate the Pan-Sea Department so much?

  At the level of meeting a gentleman, this question involves too much, and I can’t answer it for the time being.

  However, some public statements and practices of Lu Zhiqiang can indirectly answer this question from the side.

  Lu Zhiqiang was once asked how to be a good shareholder.

  He replied: "A good shareholder means to be reflected in all aspects. The first is to standardize operations. Private enterprises have a mature process. Oceanwide started its business more than 30 years ago. At that time, there was no capital market in China. With the development process, we have a deep understanding of capital and ourselves. As an excellent shareholder, we must first abide by the market rules, the company law, the company’s articles of association and the rules of the capital market. At the same time, we must play its role from the perspective of shareholders, society and employees, so as to become a good shareholder. "

  Lu Zhiqiang once said: "Private enterprises should fulfill their social responsibilities. First, they should constantly manage and develop their enterprises in a scientific and innovative way; The second is to pay taxes according to law and fulfill the tax responsibility of enterprises; The third is to provide more employment opportunities to the society; Fourth, actively participate in charity; The fifth is to be able to stand up at the critical moment of national and social needs. "

  In 2008, a devastating earthquake struck Wenchuan, and the accumulated donations from Lu Zhiqiang and Oceanwide Group reached 228 million yuan. In December of that year, Lu Zhiqiang was received by Tao Ge and won the special contribution award of "China Charity Award", the highest government award in the field of charity in China.

  Eight years ago, in 2010, Lu Zhiqiang wrote an article in Qiushi, an organ magazine in The Central Committee of the Communist Party of China (CCCPC), entitled "Consciously obeying and serving the overall situation of building Socialism with Chinese characteristics".

  Isn’t this a word often mentioned by current political media: overall situation consciousness.

  Now, risk prevention is one of the three major battles of the central government. On the evening of April 12, 2018, Oceanwide Holdings announced that in recent years, the state has continuously deepened its real estate regulation and control policies, constantly regulated and restrained the development, sales and refinancing of real estate enterprises, and continued to strengthen macro guidance for overseas investment, actively guiding and regulating the overseas investment behavior of enterprises.

  The company said that it will adhere to the development concept of "follow the trend, follow the trend" and actively comply with the national policy orientation. It plans to divest the domestic and foreign real estate business as a whole and set up a listed company through major asset restructuring.

  About 500 years ago, Wang Yangming in Ming Dynasty wrote a seven-character quatrain: Pan Hai.

  The danger is not stagnant in the chest,

  What’s the difference between floating clouds and space?

  At night, Jinghai Taosan Wan Li,

  It’s windy when the moon is bright and the tin is flying.

  This poem is translated into vernacular Chinese: "All difficulties and obstacles, in my opinion, are like white clouds floating in the sky, which should not stay in my heart, but the color of the sky is clean and blue." In the dead of night, I think about the fate of my country and my own life experience. It is full of ups and downs, like waves in the sea. I will take advantage of the righteousness of heaven and earth and grasp the bright heart to accept any challenge of life difficulties and obstacles. "

  500 years later, Lu Zhiqiang, the founder of Oceanwide Group, personally participated in the lyrics.

  "Sige" wrote: I recommend rivers and mountains with my heart. The trees in my hometown are towering, laughing at the ebb and flow of the tide …


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