Huarong Yufu Fund Management Co., Ltd. has unique advantages in shareholder background, resource customers, network layout, comprehensive services, new district development, professional team and custodian bank support: China Huarong now holds the equity of 35 debt-to-equity swap enterprises with 53.5 billion yuan. These enterprises are widely distributed in industries, and most of them are industry leaders or local leading enterprises, which play an important role in the national industrial development plan. Many of them are undergoing restructuring and planning to go public. At the same time, China Huarong directly or indirectly holds the equity of more than 2 listed companies, which provides extensive resources for Huarong Yufu Fund's investment business.
China Huarong actively pursues the "Key Account Strategy" for big governments, large enterprises, large groups and large financial institutions, and has established business cooperation relations with 676 key customers, covering more than ten industries such as steel, shipbuilding, building materials, new energy, medicine, machinery, environmental protection, water affairs and real estate. While achieving mutual win with local governments and enterprise groups, fund management companies can fully explore investment opportunities in the upstream and downstream of the industry and design various exit channels through the integration of industrial chain and upstream and downstream of the industry, relying on the status of these monopoly state-owned enterprises in their respective industries.
Chongqing municipal government actively promotes the overall listing of state-owned enterprises. At present, there are 29 listed companies in A-shares, and it is planned to promote the listing of all state-owned groups suitable for listing by 212. At present, the Chongqing municipal government has identified 23 state-owned enterprises to be listed in two batches, 1 enterprises in the first batch have been listed one after another, and 13 enterprises in the second batch have been included in the scope of investment proposed by fund management companies. At present, the fund management company has completed the preliminary due diligence of some key enterprises, and the Chongqing Municipal Government will actively support Huarong Yufu Fund to participate in the equity investment of the second batch of listed enterprises. Huarong Yufu Fund has established strategic cooperative relations with well-known PE institutions at home and abroad, including Sequoia and CITIC Investment. Sharing project resources with partners and cooperating in investment will help Huarong Yufu Fund effectively control investment risks and ensure investment returns. China Huarong has 4 first-class branches all over the country, and its business network covers 3 provinces, municipalities and autonomous regions. Under the business development model of China Huarong's "key account strategy" and "one body and two wings", all branches have developed and cultivated a number of high-quality customer resources.
the fund management company cooperates with branches of China Huarong to carry out PE business, which is equivalent to establishing a business development network in the whole country. This network advantage enables the fund to cover the whole country from the beginning, and all branches can provide all-round local support in project excavation and post-management. By tapping customer resources in the front end of the market through branches and recommending high-quality projects to fund management companies, the cooperation between the two parties will help fund management companies become bigger and stronger and improve the level of investment income. The network layout of Huarong Yufu Fund has unique advantages among PE peers in China. The Liangjiang New Area in Chongqing, where the fund management company is registered, has a unique economic position. The state has given all the preferential policies of Pudong New Area and Binhai New Area to this new area. At the same time, the new area also enjoys the additional preferential policies of developing the western region and coordinating urban and rural experimental areas. It can be said that the new district enjoys the superposition of the above preferential policies, which provides unique opportunities and conditions for the development of the new district, and also provides a good external environment and important strategic resources for the establishment and development of the fund.
The main preferential policies provided by Liangjiang New Area for enterprises include: collecting enterprise income tax at the rate of 15% before 22; Give priority to guiding and supporting the development of key industries in the new district; The output value of high-tech industries plus technical income reaches more than 6% of the annual output value, and income tax can be levied at 1%. This will attract a large number of outstanding enterprises at home and abroad to move to the new district. In addition to focusing on the development of advantageous industries such as automobiles and motorcycles, equipment manufacturing and instrumentation, Liangjiang New Area will also implement the "5+3" strategic layout, namely, five strategic industrial layouts such as rail transit, nuclear power and wind power, new energy vehicles, national defense and military industry, and electronic information, as well as three strategic innovative functional layouts such as national R&D headquarters, major scientific research achievement transformation base, disaster recovery and data center, so as to accelerate the cultivation of a number of high-growth emerging industrial clusters.
For Huarong Yufu Fund, Liangjiang New Area is pregnant with rare investment opportunities. At the same time, in view of the establishment background of the fund, it undoubtedly has the first-Mover advantage that other investment institutions can't match in the development and excavation of new projects. A few fund management teams are composed of elite personnel selected by China Huarong, and most of them are selected from well-known PE companies and investment banks at home and abroad, with high academic qualifications, rich experience, reasonable structure and familiarity with domestic and foreign enterprise operations and capital market business.
The professional experience of the fund management team covers the professional fields of direct investment, investment banking, finance, law, consulting, industrial research, etc. It spans the backgrounds of state-owned enterprises, private enterprises and foreign-funded enterprises, and has the advantages of international vision and localized operational experience.