65438+At the beginning of February, Zhongtian Chengtou announced that the company planned to invest 2 billion yuan to set up Zhongtian Chengtou Co., Ltd. as an investment and operation platform for the company's real estate business development, so as to promote its strategic transformation process and realize classified operation and centralized management.
Since last year, Zhongtian City, as a localized real estate developer in Guizhou Province, has sold10 billion in a single sector. Since the beginning of this year, the strategy of "great finance, great health and high-quality real estate" has been accelerated, and Guizhou and its surrounding provinces have benefited from many major national strategies and ushered in major development opportunities.
The announcement shows that the above-mentioned newly established subsidiaries will participate in urban infrastructure construction in Yunnan, Sichuan and other regions through the form of holding companies, especially the current hot PPP (government-social capital cooperation) project operation.
Grab the urban operation dividend
Zhongtian Chengtou has always declared that it is a listed company in Guizhou Province and the only listed real estate enterprise in the province. From this perspective, the characteristics of real estate are beyond doubt.
According to research statistics, in 20 15 years, Zhongtian Chengtou achieved real estate sales of19310 million yuan, ranking 51among the national housing enterprises; The sales area reached 2310.5 million square meters, ranking 30th among the real estate enterprises in China.
From the perspective of real estate business, Zhongtian Chengtou has not entered the national expansion except for 20 14 land acquisition in Nanjing, and has always focused on provincial development.
According to the statistics of the above-mentioned institutions, the sales of typical first-and second-tier real estate enterprises once again set a new historical record 1 1 month. Relatively speaking, Zhongtian Chengtou still has advantages in scale, achieving a sales area of 257 1 m2, ranking 3 1 in the country. However, due to the low housing prices in Guiyang, Zunyi and other cities in Guizhou Province,
With the centralization and light capitalization of real estate, Zhongtian Chengtou began to turn to the open real estate strategy last year. Recently, it invested 4 billion yuan to set up a real estate fund, as the parent fund to set up sub-funds of real estate projects according to different real estate projects, and invested 500 million yuan to set up Zhongtian Chengtou Real Estate Development and Construction Management Company, in line with the above strategy, to find high-quality projects in the country.
According to an insider of Zhongtian Chengtou, this can not only increase the scale of real estate and return on investment, but also provide funds and other guarantees for the rapidly advancing big finance and big health strategy.
It is reported that Zhongtian Chengtou plans to invest 2 billion yuan to set up a subsidiary, Zhongtian Chengtou Co., Ltd. On this basis, the above-mentioned subsidiary will realize the holding of Yunnan Huasheng Infrastructure Operation Management Co., Ltd. through capital increase and share expansion, with a holding ratio of 565,438+0%, and jointly set up Zhongtian Chengtou Group Yunnan Investment Development and Construction Company with the holding subsidiary to participate in local PPP projects.
At the same time, Zhongtian Chengtou Co., Ltd. wholly established Zhongtian Chengtou Group Sichuan Investment Development and Construction Company, and established Zhongtian Chengtou Luzhou Real Estate with two unrelated enterprises in Guizhou. The business of the subsidiary will cover the construction and operation of railway, highway, rail transit and municipal infrastructure PPP projects; Comprehensive development of real estate; Hotel operation and management; Conference services.
Participating in PPP requires the integration of multiple resources.
In July this year, Zhongtian Chengtou Group Great Health Industry Investment Holding Co., Ltd. was formally established with a registered capital of 5 million yuan. Compared with the big health industry, Zhongtian Chengtou is much larger and more frequent in the fields of big finance and big real estate.
Regarding the investment in the establishment of Zhongtian Chengtou Co., Ltd., the insiders of Zhongtian Chengtou explained that this is to integrate the real estate business, realize the classified operation and centralized management of companies in various business sectors, reduce costs and improve efficiency.
In addition, the deeper intention is that Zhongtian Chengtou wants to actively promote the three strategies of "big finance, big health and characteristic boutique real estate", which is in line with its long-term development strategy.
165438+1In mid-October, Zhongtian Chengtou invested 3.9 billion yuan to increase the capital of Guiyang Jinkong, a wholly-owned subsidiary. After the capital increase is completed, the registered capital of the financial control platform will be as high as 9.9 billion yuan, which is rare in the national financial control platform for housing enterprises.
According to its positioning, the role of Guiyang Financial Control is the core platform of Zhongtian Chengtou's "big finance" industry, and it is necessary to build a "full license" financial control framework integrating licensed financial business and innovative finance. At present, Guiyang Jinkong is further acquiring Haiji Securities and Zhongrong Life Insurance, among which the acquisition of Zhongrong Life Insurance has constituted a major asset restructuring.
According to the interactive platform of Shenzhen Stock Exchange, Zhongtian Chengtou revealed that it will support Guizhou Province to set up a local asset management company (AMC license) for the disposal of non-performing assets in recent years to optimize the allocation efficiency of financial resources.
Since last year, PPP projects involving urban infrastructure investment have been extremely hot. According to the data of the Ministry of Finance, by the end of September this year, there were104,71with a total investment of 12.46 trillion yuan, of which 946 projects have entered the implementation stage with a total investment of 1.56 trillion yuan.
The quarterly report of the Ministry of Finance shows that the regional and industrial concentration of PPP warehousing projects in China is relatively high, with Guizhou, Shandong (including Qingdao), Xinjiang, Sichuan and Inner Mongolia ranking in the top five, accounting for nearly half of warehousing projects; Municipal engineering, transportation and district development are the top three industries, accounting for more than half of storage projects.
It is an indisputable fact that PPP projects involve urban infrastructure investment. Most projects have a long investment cycle and a large amount of funds, but the returns are relatively stable, and the returns in some areas are still high, especially in the current "asset allocation shortage" background.
A person in charge of a private investment institution in Chongqing, who asked not to be named, said that private capital must have better resources to participate in PPP projects. Secondly, with the frequent participation of private capital in finance, the financial operation is becoming more and more mature, and those private capital with the advantages of integrating financial and industrial resources have more advantages to participate.
(The above answers were published on 2016-12-12. Please refer to the actual situation for the current purchase policy. )
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