At a time when the circle of friends is generally filled with the atmosphere of the Spring Festival, the fund industry has ushered in heavy news.
Fund Jun found that on January 29, the official website of the CSRC issued the reply on Approving the establishment of Quanguo Fund Management Co., Ltd., which has always been concerned by the market, because the initiating shareholders are heavyweight industry leaders – Wang Guobin, former chairman of Dongfanghong asset management, Ren Li, former general manager, etc.
The approval of Quanguo fund also means that the two “veterans” work together to officially enter the public fund. Analysts expect to focus on long-term equity products in combination with past experience and market outlook.
Quanguo fund was officially approved
Spring fruit fund did not attract much attention when it formally applied for establishment and submitted application materials. In the first feedback on September 30 last year, Wang Guobin and Ren Li, two influential figures in the asset management industry, will be revealed, which has attracted great attention from the market.
According to the latest display on the official website of the CSRC, the establishment of Quanguo Fund Management Co., Ltd. was approved on January 29. The company is registered in Shanghai with a registered capital of 100 million yuan. Its business scope covers the management of publicly offered securities investment funds, fund sales, private asset management and other businesses permitted by the CSRC.
As an individual public fund company initiated by senior professionals, Quanguo fund has been approved and attracted much attention. The initiating shareholders are Wang Guobin, Ren Li, Jiang Heze and Li Yunliang, as well as four employee stock ownership platforms.
From the perspective of its equity structure, Wang Guobin and Ren Li have the same amount of capital contribution, both of which are 35 million yuan, and the proportion of capital contribution is 35%; Jiang Heze and Li Yunliang contributed 7.04% and 3% respectively. The contribution of the four ESOP platforms was 4.99 million yuan, with a contribution ratio of 4.99%.
This kind of limited partnership is the commonly used “employee stock ownership platform” in the industry. Through the mechanism, reserve equity space for future talents, so that employees can share the development of the company and jointly create the future. “The best benefit a company can provide to its employees is to recruit the best employees and let them work with the best employees.” Wang Guobin once explained his talent management philosophy and management ideas.
According to the reply announcement, Quanguo fund is also required to complete the establishment of Quanguo fund, pay in full the capital contribution, elect directors and Supervisors and senior managers.
In addition, after obtaining the business license issued by the administrative department for Industry and commerce, Quanguo fund shall obtain the securities and futures business license from the CSRC; Before obtaining the license to operate securities and futures business, it shall not carry out business in that name; Public fund products shall be issued within six months from the date of obtaining the license to operate securities and futures business.
two “veterans” enlist for public recruitment
Wang Guobin has always been a figure of great concern in the asset management industry. In the 2014 China Fund News survey of the most influential investors for securities companies, insurance, funds and other institutional investors, Wang Guobin ranked the top three.
Wang Guobin has 27 years of financial experience. In 1986, Wang Guobin was admitted to the Department of chemistry of Peking University and then transferred to the Department of sociology. After graduation, he studied for a master’s degree in the school of management of Peking University. After graduation, Wang Guobin worked in the leading securities companies Nanfang Securities and Wanguo Securities in the mid-1990s, engaged in mergers and acquisitions and investment banking, and then transferred to China Economic Development Trust and Investment Corporation.
In 1998, Wang Guobin was introduced by Orient Securities Company Limited(600958) as a core talent and has been in charge of the company’s self support and asset management business for a long time. Since 2005, he has served as Orient Securities Company Limited(600958) vice president. After experiencing the era of South China, Wanguo and China economic development, Wang Guobin explored the transformation of investment business model and concept at the beginning of Orient Securities Company Limited(600958) and pursued the scientificity and effectiveness of investment. The team led by Wang Guobin ranked among the best in long-term investment performance. In 2007, he was rated as the “top ten outstanding young people in Shanghai”.
In 2010, Orient Securities Company Limited(600958) asset management company was established and Wang Guobin served as the chairman. In 2016, Wang Guobin left Dongzheng asset management and ended his investment career in Orient Securities Company Limited(600958) 18 years.
Wang Guobin is considered to be one of the most successful value investors of a shares. During the important turning period of the market, he repeatedly sounded out risks or opportunities. In April 17, 2015, in the second China institutional investors summit and wealth management international forum sponsored by China fund newspaper, he delivered a speech entitled “taking history as a guide and investing in treasure” to remind everyone of the risk of bubble collapse and stop repeating the extraordinary popular fantasy and mass madness.
Wang Guobin not only has strong professional ability, but also full of sympathy and care for small and medium-sized investors. In June 2014, at the first China institutional investors summit and wealth management international forum held by China Fund News, he delivered a speech entitled “does Chinese investors have a future”, and pointed out that in a market that wins by game, Lbx Pharmacy Chain Joint Stock Company(603883) has no future. Now, Wang Guobin’s return to the public fund industry can really manage money for Lbx Pharmacy Chain Joint Stock Company(603883) and maintain and increase the value of Lbx Pharmacy Chain Joint Stock Company(603883) wealth, which is undoubtedly consistent with his habitual thought.
Ren Li, Wang Guobin’s partner and another shareholder of Quanguo fund, used to be the general manager of Dongfanghong asset management, and also has great influence in the public fund industry.
According to public information, Ren Li has more than 10 years of marketing experience at home and abroad, with a bachelor’s degree from Peking University, a master’s degree from the University of Chicago and an EMBA from Tsinghua University. Former deputy general manager of Orient Securities Company Limited(600958) asset management business headquarters, assistant general manager, deputy general manager, joint general manager, Secretary of the board of directors and general manager of Shanghai Orient Securities Company Limited(600958) Asset Management Co., Ltd. In 2013, it was rated as “Shanghai March 8th red flag bearer” and in 2015, it was rated as “Shanghai leader Jincai”.
Ren Li, who has 16 years of financial experience, has attracted much attention from the market. She took the lead in putting forward the two wheel drive of “professional investment research + professional service” in the asset management industry, and is committed to enabling investors to “see what they get, get what they expect” and obtain a happy investment experience.
with long-term investment gene
As a personal fund company, the biggest feature of Quanguo fund lies in the difference of sponsors. Wang Guobin, one of the main sponsors, has 27 years of financial experience, experienced in the primary and secondary markets, accumulated rich investment experience in the ups and downs of China’s capital market, and formed a stable value investment model. After years of precipitation, Wang Guobin has a deeper understanding of the concept of investment and enterprise management.
In terms of investment philosophy, Wang Guobin practices the concept of long-term value investment. From the perspective of entrepreneurs, through comprehensive analysis and in-depth research, he looks for capable enterprises in lucky industries, buys at appropriate prices, and is committed to creating long-term sustainable income.
In Wang Guobin’s view, many principles of investment are consistent in both the primary market and the secondary market.
Investment researchers with entrepreneurial quality are what he values. Because running an enterprise as a manager is a process of continuous improvement and pursuit of perfection, and the investment concept also evolves.
Wang Guobin is optimistic about China, so he is optimistic about China’s asset management. He always takes a positive view of China’s development and firmly believes in the future of China’s capital market.
“Value investment is one of the best strategies to deal with the arrival of the buyer’s era”, Wang Guobin believes that we should regard stocks as a part of the company and ourselves as the owner of the company. With the development of society, more and more entrepreneurs are committed to productive efforts, and the institutional foundation of value investment is becoming stronger and stronger. Value investment is effective in China for a long time.
Analysts predict that Wang Guobin’s investment thought will deeply determine that Quanguo fund naturally has long-term value investment gene. In terms of investment style, the company has balanced allocation of growth and value, traditional and emerging industries, and responds to market fluctuations by means of decentralized investment and portfolio investment.
According to the investment style and past experience of the promoters of Quanguo fund, they may focus on long-term equity products they are good at in the future.
professionals do professional things
personal department has advantages
Following the establishment of Hongde fund, the first personal public fund company, in 2015, the personal public fund company initiated and established by professionals has experienced nearly seven years of development. At present, there are nearly 20 such fund companies, and the overall development situation is good.
According to statistics, at present, personal fund companies include Huian, Kaishi, Pengyang, Bodao, Oriental alpha, hexu Zhiyuan, Ruiyuan, etc. In the past two years, Baijia fund, Xinghua fund, Huiquan fund, SHANGZHENG fund, Yimi fund and other “personal” public funds have been approved. From the development of personal fund companies, there are companies with high market popularity and appeal, such as Ruiyuan and Hongde.
The so-called personal fund companies, often the company’s executives are major shareholders, with a higher degree of professionalism in research, investment, risk control, operation, compliance and other aspects of business. As an important school in the public fund industry, the overall strength of the personal department is constantly growing and injecting more vitality into the development of the industry.
Insiders said that compared with the banking department, brokerage department and trust department, the personal fund company has four main advantages. First, there must be at least one senior manager with working experience in the industry and good past record among the sponsors, so as to ensure that the new company can have good internal management ability from the beginning.
Second, both the sponsors and core members have experience in different segments of the industry, so as to ensure that all businesses of the new company can be carried out better and faster.
Third, they dare to go out and start a business, which shows their past success in another way; It also shows their enterprising consciousness and career pursuit from another level.
Fourth, with equity as the link, the stability of the core personnel of individual public fund companies will be significantly improved, which is conducive to improving the holding confidence of investors.
Often, individual fund companies arrange the ESOP platform at the beginning of their establishment, and integrate the equity incentive mechanism into the company’s culture and blood, which is not only conducive to attracting more professionals to actively join, but also conducive to the full and timely implementation of the employee incentive mechanism.
Public fund is a typical “people-oriented” industry, and its industry characteristics determine that the development of the company depends on the professional ability of employees. Brain drain will have a serious impact on the company’s core competitiveness. The fundamental way to solve this problem is to bind the interests of holders, shareholders and managers through equity incentive, and establish a long-term incentive and restraint mechanism.
However, some people believe that at present, the development of “personal” fund companies is seriously divided, and only a few star companies have formed a strong brand bargaining power, which has been supported by channels and funds, and most companies are still struggling to survive.
In addition, there are currently a number of individual fund companies awaiting approval. As of January 29, the latest disclosure of the CSRC shows that there are 34 fund companies awaiting approval, and another 11 fund companies are in the state of suspension of review. Many professionals maintain great enthusiasm for the establishment of public fund companies.
“With the transfer of residents’ wealth investment direction, the public fund industry has strong professional management ability, can better undertake a large amount of wealth, and has relatively broad development space in the future. Therefore, it attracts more and more professionals.” A fund analyst said.
Raise money to welcome the return of the big men in the Jianghu! Quanguo fund was officially approved. Wang Guobin and Ren Li joined hands! Here’s the latest
