Founder Group 112 Billion 700 Million Claims Confirm: CITIC Securities, Personal Insurance Assets, Haitong And Other "List".

In April 30th, the exclusive economic report reporters in twenty-first Century reported that the Founder Group recognizes 112 billion 700 million claims: 8 of all the insurance assets of the people's Republic of China, all of which have been caught up by CITIC, Haitong, Dacheng and many other institutions. The incident has been rapidly fermented in the financial market.

On the same day, Peking University Founder Group (hereinafter referred to as Founder Group) Limited held the first creditors meeting of the reorganization case.

According to the exclusive thread obtained by the reporters, the meeting announced that the total amount of claims confirmed by the founder group as at April 21st was 112 billion 676 million yuan, of which the total amount of ordinary debt was 102 billion 760 million yuan, and the total amount of creditor's rights secured by property rights was 9 billion 916 million yuan.

A total of more than 400 institutions or products including insurance, trust, brokerages, public private equity funds and fund subsidiaries all declared the founder group's claims.

"Today's management, audit institutions and evaluation institutions have made relevant reports and explanations. Creditors need to vote on the two contents of the property management plan and the motion of creditors meeting and voting." In April 30th, a participant creditor told the economic report reporters in twenty-first Century.

Subsequently, this reporter contacted a number of creditor institutions, the relevant agencies said they were dealing with the risk event. At the same time, this risk event has a negative impact on the day-to-day development of some organizations. With the frequent occurrence of default events, the pricing of assets risk can be expected to mature gradually, and the risk disposal mode of institutions is also constantly exploring.

112 billion 700 million distribution of claims

According to the twenty-first Century economic report, the CITIC Securities, Shenyuan Hongyuan securities and so on have more than 20 information management products holding the founder group, a single product has more than 100 million yuan in debt. There are more than ten information management plans to declare creditor's rights, and a single product's debt amount is less than twenty million, and more than 100 billion; in addition, there are Tianfeng securities, Southwest Securities, Haitong Securities, etc. A number of brokerages are listed.

From the results of the creditor's claim, there are many financial institutions in the head of the founder group.

For the public offering fund, the fund of the Haitong fund, the Schroder fund of the Bank of communications, the Chuang Jin sum trust fund, the Jin Yuanshunan fund, the finance and communications fund and other fund companies also have information management products to declare their claims, and the amount of the debt amount is 100 million.

For example, the amount of debt under the Jin Yuanshun administration's information management scheme is close to 3 billion yuan, and the fund management scheme of Xinhua fund has more than 2 billion yuan. The fund management scheme of the Bank of communications Schroder fund also holds more than 300 million, and the fund management scheme of Chuang Jin Hexi fund has a maximum size of more than two hundred million.

In addition, there are a number of basic gold companies also "recruit". For example, Da Cheng International Asset Management Company Limited, a subsidiary of Dacheng Fund in Hongkong, has its own products, and its debt scale is more than 200 million. The subsidiary company of Wells Fargo asset management (Shanghai) Limited and Penghua Asset Management Co., Ltd., a subsidiary of Wells Fargo fund, has a list of related products.

The most typical example is that under the personal insurance assets, there are 8 public fund products, and the total debt scale exceeds 90 million.

These include the one year's pure debt, the regular opening of the bond fund, the amount of debt 20 million 733 thousand and 800 yuan, the 18 month's opening of the bond fund by the people Bao Rui, the 8 million 293 thousand and 500 of the debt amount, the opening of the bond fund on a regular basis, the amount of debt 20 million 733 thousand and 800 yuan. The amount of the debt is 3 million 110 thousand and 100 yuan; the guarantor Xin Li returns the bond fund, the creditor's rights amount is 10 million 366 thousand and 900 yuan; the guarantor Xinsheng pure debt bond fund, the creditor's rights amount is 7 million 256 thousand and 800 yuan; the people's Insurance Xinyu strengthens the bond fund, the creditor's rights amount is 20 million 733 thousand and 800 yuan; as well as the people's Insurance Xinze pure debt bond fund, the debt right amount is 4 million 146 thousand and 800 yuan.

      According to the data disclosed in the periodic report, last year's three quarterly report on the protection of personal insurance assets, including Bao Xin Yu, Bao Bao Rui, 18 months, and the Xinbao pure debt of three people held the bonds of Founder group. However, the latest annual report released in 2019 shows that the people's Insurance Company Xinyu has strengthened, the insurance company has set up 18 months, and the people's Insurance Company Xinsheng has pure debt. The list of three heavily funded bonds has not been listed. Founder group related bonds.

There are more trust products, such as CITIC Trust and China Trust International Trust.

Wind data show that the founder group has issued more than 50 bonds so far, and 24 bonds have been substantially defaulted, and the current balance has totaled 36 billion 540 million yuan.

Since the reorganization process has been introduced, the founder bonds are no longer paid off individually.

In April 14th, Founder group also announced that the company was first ordered by the Beijing No. 1 Intermediate People's court to enter the reorganization process in February 19, 2020. Currently, the reorganization is under way. According to the relevant provisions of the reorganization law, the company can not make any individual liquidation during the reorganization period, so the bonds in the company's remaining period can not be exchanged for interest. Among them, there are 24 bonds, such as "16 party 01" and "16 party 02".

Founder group said that the company will actively promote the reorganization work, and properly arrange the rights and interests of the holders of the remaining bonds according to the law.

Reorganization path deduction

"We are still more optimistic and optimistic. The reorganization of Founder group is attended by many senior officials and is also being supervised and promoted." Creditors of a founder group in Southern China told the twenty-first Century economic report.

It disclosed that Fang Zheng's attitude was very cooperative and relatively positive. It is expected that there should be a more positive solution in the end.

According to the disclosure, Founder Group liquidation team serves as founder manager and Founder Group liquidation team consists of the people's Bank of China, the Ministry of education, the relevant financial supervision institutions and the relevant functional departments of Beijing.

Prior to this, the twenty-first Century economic report reporter learned that the founder group manager took over the founder group and has opened the asset verification work, and entrusted the audit and evaluation institutions to conduct special audit and evaluation in January 31, 2020 as the benchmark date.

"Managers have put forward several measures for the property management mechanism during the reorganization period, including the management mode of the founder group during the reorganization period, and the manager is responsible for managing the company's property and business affairs. The manager will take over the company's assets, exercise the decision-making power of management and management, appoint the management and management department to assist in the business affairs, and the group funds will be unified and collectively used by the managers. For subordinates, the managers will exercise the shareholder's rights and participate in the corporate governance of the subordinate companies during the reorganization period. Some creditors told the twenty-first Century economic news reporter.

Besides, in addition to formulating regulatory measures for the subordinate companies during the restructuring period, the managers also assign working groups to key companies to classify and supervise them.

In April 21st, the founder group manager also issued a notice on recruiting strategic investors, with intent to sign up for strategic investors before May 6, 2020.

The specific recruitment conditions include a high sense of social responsibility and good commercial reputation. There are no major violations and violations in the past three years.

In addition, the total assets audited by the strategic investors in the latest year should be no less than 50 billion yuan or net assets of not less than 20 billion yuan. They can be relaxed appropriately in the relevant industrial fields with the dominant strategic position or with rich experience in merger and acquisition.

    "According to the announcement of the recruitment and recruitment of the war, the reporting conditions of Fangzheng group's war investment refer to the total assets of the applicant in the past year not less than 50 billion yuan or the net assets of not less than 20 billion yuan. At the same time, it is also mentioned that the relevant industries have the dominant strategic position or the experience of rich merger and acquisition can be relaxed appropriately, and the reporting conditions highlight that the applicant should have strong financial strength or have relatively strong assets. Good coordination of industrial resources. The limitation of the conditions of war declaration is beneficial for the company to get financial support or business channel synergy in the future operation. An analyst from a large brokerage firm in Beijing said.

"Managers at today's meeting said that the work of recruiting strategic investors is in progress." The creditors concerned told the economic news reporters in twenty-first Century.

"There is really no way to anticipate the final outcome of the reorganization, but we will be prepared for both sides. On the one hand, we are thinking about having the right opportunity to sell. On the other hand, we are watching the results of the reorganization. After all, it involves a lot of work such as risk assessment and so on." The creditors of the aforementioned institutions indicated.