Alibaba Xie Shihuang's private equity successfully filed Evergrande, Sino-foreign joint venture private placement also came

Per reporter: Yang Jian Per editor: Du Yu

In January, there were 66 newly filed private placement managers, down 82.01% compared with the same period in 2018. The enthusiasm for product filing in the first month of 2019 is not high, which is affected by the downturn in the capital market last year, but with the relaxation of policies and the deepening of the opening up of China's capital market, the filing of private equity institutions in the market in February this year has caught fire again. Not only are foreign-funded institutions actively deployed, but major domestic institutions have also begun to actively file private equity institutions.

In February this year, Hangzhou Hupan Hongsheng Investment, a private equity firm owned by Xie Shihuang, one of alibaba's founders, was successfully filed. At the same time, Evergrande Group has also filed a private equity institution called Evergrande Puhui Asset Management (Zhuhai) Co., Ltd. Langzi Shares, a listed company, also filed a joint venture with hana bank, a foreign-funded institution, to file Beijing Langzi Hana assets. In addition, Zhejiang Haijie and Qingdao Hengdao have also registered for the record.

Major domestic institutions actively filed for the record

The enthusiasm for product filing in the first month of 2019 is not high, which is affected by the downturn in the capital market last year, but with the relaxation of policies and the deepening of the opening up of China's capital market, the filing of private equity institutions in the market in February this year has caught fire again. Not only are foreign-funded institutions actively deployed, but major domestic institutions have also begun to actively file private equity institutions. In February this year, Xie Shihuang, one of alibaba's founders, successfully filed a private equity firm, Hangzhou Lakeside Hongsheng Investment. According to the data of the Asset Management Association, Hangzhou Hupan Hongsheng Investment Management Co., Ltd. registered with the Asset Management Association on February 1, 2019.

From his resume, from February 2009 to February 2015, Shengsen served as a senior investment expert in the strategic investment department of Taobao (China) Software Co., Ltd., and from February 2015 to September 2018, he served as the managing director of the investment department of Hangzhou Lakeside Shannan Capital Management Co., Ltd. According to Tianyancha data, Shengsen invested 5.1 million yuan to hold 51% of the shares of Hangzhou Lakeside Hongsheng Investment, and Hangzhou Lakeside Shannan Capital Management Co., Ltd. invested 4.9 million yuan to hold 49% of Hangzhou Lakeside Hongsheng Investment.

The "Daily Economic News" reporter noted that Xie Shihuang of Hangzhou Lakeside Shannan Capital Management Co., Ltd. held 99% of the shares, and Yu Yang held 1% of the shares. Hangzhou Lakeside Hongsheng Investment began recruitment on November 29, 2018, with a monthly salary of 15,000 to 30,000 yuan for investment managers, working in Hangzhou, requiring undergraduates.

It is worth noting that Hangzhou Lakeside Hongsheng Investment is not the first private equity fund of Xie Shihuang Investment, as early as February 11, 2015, Xie Shihuang registered and filed Hangzhou Lakeside Shannan Capital Management Co., Ltd., the legal representative Xie Shihuang, from the resume, It can be seen from the resume that Xie Shihuang served as vice president of the comprehensive department of Alibaba Group from January 1997 to July 2014. At present, There are two products filed by Hangzhou Lakeside Shannan Capital in the association, namely Hangzhou Lakeside Shannan Changfan Equity Investment Partnership (Limited Partnership) and Hangzhou Lakeside Shannan Equity Investment Partnership (Limited Partnership).

According to public information, Xie Shihuang is one of the founders of Alibaba Group, in 1999, Xie Shihuang began to serve as Alibaba's first chief financial officer, from 2000 to 2006, Xie Shihuang has been in the B2B trading platform operation and management positions, responsible for Alibaba's foreign business cooperation and sales. Alibaba was listed on the New York Stock Exchange Group in 2014 and Mr. Xie was promoted to general manager of Alibaba's investment division, and within Alibaba, Mr. Xie is the only individual other than Jack Ma who holds an Alibaba Group business license.

In July 2018, Alibaba's annual report introduced for the first time the upcoming reform of Alibaba's VIE structure, saying that four of Alibaba's five major variable interest entities (namely Taobao (China) Software Co., Ltd., Zhejiang Tmall Technology Co., Ltd., Zhejiang Alibaba Cloud Computing Co., Ltd., and Hangzhou Alibaba Advertising Co., Ltd.) were owned by Ma Yun and Xie Shihuang. The only exception is the way to control Youku, where Ma Yun and Xie Shihuang control 66.67% of the shares of Youku entities through Alibaba Venture Capital Co., Ltd., and the other 33.33% are held by two other Employees of Alibaba.

Foreign-funded institutions are actively deploying

In recent years, with the deepening of the opening up of China's capital market to the outside world, the scale of foreign capital entering the A-share market has continued to grow, especially with the gradual release of risks in China's capital market, the investment value of the capital market has been gradually reflected, and foreign-funded institutions are actively deploying.

On February 1, 2019, Beijing Langzi Hanya Asset Management Co., Ltd. registered with the Asset Management Association of The Asset Management Association, and the nature of the enterprise is a Sino-foreign joint venture, with a paid-up ratio of 91.129% of the registered capital. According to Tianyancha data, the listed company Langzi shares hold 76% of the shares of Beijing Langzi Hana Asset Management Co., Ltd., while the foreign party is Hana Bank Co., Ltd., which holds 15% of the shares. In addition, Beijing Lejiayuan Investment Management Co., Ltd. holds 4.5% of the shares, and Gongqingcheng Si Nian Inclusive Investment Management Partnership holds 4.5% of the shares.

The legal representative of Beijing Langzi Hana Asset Management Co., Ltd. is Lin Ge, and from his resume, he served as the legal representative and chairman of Beijing Langzi Hana Asset Management Co., Ltd. from July 2018 to November 2018. From May 2013 to July 2018, he served as the deputy general manager of the M&A financing department of Huarongde Asset Management Co., Ltd., and from July 2011 to May 2013, he served as an industry researcher at the Research Institute of Guotai Junan Securities Headquarters.

The "Daily Economic News" reporter noted that Evergrande Financial Holdings, a subsidiary of the domestic real estate giant Evergrande Group, also successfully filed its private equity fund Evergrande Puhui Asset Management (Zhuhai) Co., Ltd. on January 29 this year, and the legal representative Ji Xun, from his resume, served as an investment manager in the personal business investment center of Evergrande Life Insurance Co., Ltd. from March 2015 to September 2018. According to the data of Tianyancha, Evergrande Financial Holdings holds 100% of Evergrande's inclusive assets, while Evergrande Group holds 100% of Evergrande Financial's controlling interest.

Zhejiang Haijie Investment Management Co., Ltd. was registered on February 1, 2019, the legal representative is Du Xin, from his resume, from March 2012 to February 2014, he worked as a quantitative investment researcher/investment manager in the global equity investment department of Castle Investment Group. From February 2014 to April 2015, he worked as an equity and bond investment manager in the equity and bond investment department of Arcadia Asset Management. From July 2015 to September 2018, he served as the deputy director of the Artificial Intelligence Investment Research Center of Harvest Fund Management Co., Ltd.

In addition, there are securities investment bankers to set up a private placement, Qingdao Hengdao Investment Management Co., Ltd. registered on February 1, 2019, the legal representative Wang Chuan, from his resume, he served as a senior manager in the sixth department of Minmetals Securities Investment Bank from January 2016 to August 2017, and from September 2017 to October 2018, he served as the head of the institutional business department of the Sichuan Institutional Business Department of China Merchants Securities Co., Ltd.

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