Monday, January 13, 2014

China Merchants Bank China Merchants Fund turned profitable investment holding company to evacuate the Netherlands

China Merchants Bank China Merchants Fund turned profitable investment holding company to evacuate the Netherlands [Abstract] Although the public fund industry in recent years has been in a state to lose money, but still did not stop the organization raised funds for investment interest. Changes in recent years from a fund company's registered capital, the overall is also on the rise, statistics show that an average of 82 fund company with registered capital of 183 million yuan, registered capital since last year, the newly established fund companies with an average of 333 million yuan Although public fund industry in recent years has been in a state to lose money, but still did not stop the organization raised funds for investment interest. China Merchants Fund yesterday announced that the Netherlands will fund its equity investment in the company held by the investment were transferred to China Merchants Bank, China Merchants Securities [microblogging], so far, this joint venture fund company originally turned to China Merchants Bank holding fund company. Information Times reporter yesterday, according to public information statistics, found that there are five funds this year, the company announced an increase of the registered capital. Insiders said that the company's move will help fund the company out of its current predicament, small fund counter-attack incident or increased investment fund yesterday's announcement, said the SFC approved the agreement, the Dutch investment fund investment company will hold its 21.6 % equity transfer to China Merchants Bank, 11.7% of the equity transfer to China Merchants Securities, the price of the transaction was 63.57 million euros (about 636 million yuan). So far, the investment fund shareholders to retain only China Merchants Bank and China Merchants Securities, China Merchants Bank, which holds 55% stake to 45% investment securities. After this round of trade, investment fund set up by the official China Securities Regulatory Commission approved the first foreign joint venture fund company, turned to the fund for the investment bank holding company capital securities industry researcher said that while China Merchants Fund has a banking system and brokerage system two large shareholder background conducive Group to integrate internal resources, the fund their operations and development is concerned, it will be a new development opportunities. After changes to the controlling shareholder of China Merchants Bank China Merchants Fund, the investment fund can take advantage of high-quality resources Merchants Bank, helpful in channel development, customer development aspects; while holdings of investment securities, investment funds for investment in research, product development, the company aspects of governance, it will be highly beneficial Merchants Bank, China Merchants Securities equity money in the acquisition, while shareholders of other companies have also launched fund replenishment operation. Recently announcement Anxin Fund, the company registered capital increased from 200 million yuan to 350 million yuan, while in the previous, the West Bank of New York Mellon registered capital increased from 200 million yuan to 300 million yuan, Central Fund [microblogging] registered capital from 120 million increased to 188 million yuan, the Oriental Fund increased from 100 million registered capital to 200 million, Boshi [microblogging] registered capital from 100 million to 250 million from the recent changes in the fund company's registered capital, the overall rise was also trends, statistics show that an average of 82 fund company with registered capital of 183 million yuan, and since last year the newly established fund companies registered capital of 333 million yuan average analyst Zeng Hua good fortune to buy information Times reporter said that at present the fund has a capital increase for two reasons, first, had raised funds spending big, sustainable development requires capital; Second, some fund companies optimistic about the future prospects of the industry, to develop and fund a subsidiary of e-commerce business analysis, shareholder equity fund company acquisitions and capital acts , with the fund company's profitability since bottoming out this year, in particular in small fund companies, through innovation to achieve greater counter-attack scenario. Such as relying on the balance of treasure has received more than twenty billion IMF-scale Celestica subsidiary funds and many use license improved cash flow as well as the more typical fund company Societe Generale Global Fund, which relies on accounts and subsidiaries and other business platform, to develop innovative business and achieve rapid growth in non-public business scale. Data show that as of August 16, 2013, Societe Generale Global Fund account, a subsidiary of business assets under management exceeded 90 billion yuan, compared with last year, has nearly doubled since the end of last year, the fund subsidiary operations since the official gate opening , the fund industry innovation rapid business expansion. According to data disclosed to the Commission, as of the end of June, the Commission approved the establishment of 38 subsidiaries, the management accounts of 368, reached 150 billion yuan in assets under management. On the one hand is the number of subsidiaries, the rapid expansion of the scale of funds under management, the other is a significant expansion of the scope of business, although the performance of A shares this year is still the world's bottom, but the total size of the fund rather than decrease more after these shows In the exercise, raised funds matured a lot. Zeng Hua said.click to read more

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