Minmetals trust's fund pool project
Publish: 2021-04-23 10:32:55
1.
When the bank account remits money online, there is a short message to inform the payee of the optional item. The remitter can fill in any mobile phone number by himself, and the bank system will automatically send a message. Because this number is manually entered, so the error rate is very high, so do not care. If someone really remits money to you, please be sure to be subject to the arrival of the account, do not believe any SMS< br />
2. There are many talented people in it. If you are strong enough, you will have a bright future.
3. Non bank loans depend on their comprehensive cost. How much interest do they have per month?
4. [so far] no, as long as there is a delay in payment or extension of a trust proct, the whole instry will know about it and the news media will report it
5. I remember chatting with a friend four years ago. When talking about Minmetals, the other side said: is there any trust company with such a strange name
he's a financial planner... You can see Minmetals' low profile
but after just three years, the situation is very different. Just at the end of May, the controlling shareholder of Minmetals trust, Minmetals capital (600390), announced a plan to issue 8 billion yuan of preferred shares, preparing to increase 5.5 billion yuan of capital to its subsidiary, Minmetals trust
at the same time, Minmetals capital, Qinghai state owned assets and Xining City Investment Committee, the three major shareholders, increased their capital in the same proportion, which means that the joint capital increase of the three shareholders can reach 7.05 billion yuan. If all the capital increase goes into the registered capital, the registered capital of Minmetals trust will reach 13.05 billion, ranking third in the instry
Minmetals has shown its ambition from a low-key and mysterious player of central enterprises to the top three of Jian, and "expansion" is an inextricable theme< Since the completion of the restructuring in October 2010, the registered capital of Minmetals trust has been increased for four rounds, from the earliest 328 million to the current 6 billion. The first few rounds were mainly concted by Minmetals capital, a shareholder of central enterprises
it is estimated that the reason for the frequent capital increase of Minmetals capital lies in the fact that the trust license has strong revenue generating and profitability
from the annual report, although the trust business income only accounts for 22.35% of the total income, the gross profit of 57.7% makes the trust create more than half of the net profit of the parent company. Look at the table:
for example, Minmetals capital can get back 1.6 yuan if it gives 1 yuan to Minmetals trust; If you send it to a securities company, you can get back 1.1 yuan; The worst is futures, which hardly makes money
this is quite similar to Aijian Trust, which was written before. They are all profit bearers of listed companies
in 2019, the net profit of Minmetals trust is 2.105 billion, and the profit attributable to Minmetals capital is 1.642 billion. In the consolidated statement of Minmetals capital in 2019, the net profit attributable to the parent company is 2.735 billion, which is equivalent to 60% of the net profit of the parent company created by Minmetals trust
it's not too much to say "cash cow"
six times in four years, the rapid expansion of Minmetals trust
I collated the data of trust assets managed by Minmetals trust and the scale of active management since 2013
if the channel type is ignored, the active management scale of Minmetals will fluctuate around 100 billion before 2016. From the end of 2016 to the end of 2019, the proportion of Minmetals trust increased to nearly three-quarters
by the end of 2019, with a scale of 884.976 billion, ranking fourth in the instry, next only to CITIC, CCB and China Resources trust
a few years ago, Minmetals ranked at the median level after the top 20, with the focus on 2016
2016 is an important turning point. The next year, the parent company of Minmetals trust, Minmetals capital backdoor * ST Jinrui, was listed. As one of the most important assets of listed companies, the more open resources and more urgent performance pressure after listing may have contributed to the rapid growth of Minmetals in scale
in addition, according to the statement, the biggest change in the active management scale of Minmetals trust is "financing": from 72.96 billion in 2016 to 500.913 billion in 2019, an increase of nearly six times. In 2019 alone, financing increased by more than 300 billion over the previous year
How about expansion
the market tends to be more cautious about the expansion behavior of trust companies that have rapidly reached the top in a few years. It's easy to understand the reason. Can we go well after we have taken a big step
to put it bluntly:
can you keep up with your management ability
has the project team been set up
do you have so many good resources in the market
will you rece risk control access in order to rapidly expand the scale
taking history as a mirror, the "black horses" used to be Xinhua a few years ago, Zhongjiang and Anxin in recent years; In the end, each of them had a mess
at present, Minmetals trust does not disclose default information of its business for indivial investors; From the annual report disclosure, we can see that most of the litigation information is real estate and business administration. In fact, the scale of management is large, and litigation is normal. At least from the perspective of "bad debt provision" (500 million) and "asset impairment" in the annual report, the proportion is still very small. At present, it is relatively "stable"
finally, there is a myth: Although the trust license is recognized as noble, its profitability is also strong; But it seems that the stock prices of trust companies listed on the market are not very good... I hope Minmetals, with the background of central enterprises, can jump out of this "strange circle of listing".
he's a financial planner... You can see Minmetals' low profile
but after just three years, the situation is very different. Just at the end of May, the controlling shareholder of Minmetals trust, Minmetals capital (600390), announced a plan to issue 8 billion yuan of preferred shares, preparing to increase 5.5 billion yuan of capital to its subsidiary, Minmetals trust
at the same time, Minmetals capital, Qinghai state owned assets and Xining City Investment Committee, the three major shareholders, increased their capital in the same proportion, which means that the joint capital increase of the three shareholders can reach 7.05 billion yuan. If all the capital increase goes into the registered capital, the registered capital of Minmetals trust will reach 13.05 billion, ranking third in the instry
Minmetals has shown its ambition from a low-key and mysterious player of central enterprises to the top three of Jian, and "expansion" is an inextricable theme< Since the completion of the restructuring in October 2010, the registered capital of Minmetals trust has been increased for four rounds, from the earliest 328 million to the current 6 billion. The first few rounds were mainly concted by Minmetals capital, a shareholder of central enterprises
it is estimated that the reason for the frequent capital increase of Minmetals capital lies in the fact that the trust license has strong revenue generating and profitability
from the annual report, although the trust business income only accounts for 22.35% of the total income, the gross profit of 57.7% makes the trust create more than half of the net profit of the parent company. Look at the table:
for example, Minmetals capital can get back 1.6 yuan if it gives 1 yuan to Minmetals trust; If you send it to a securities company, you can get back 1.1 yuan; The worst is futures, which hardly makes money
this is quite similar to Aijian Trust, which was written before. They are all profit bearers of listed companies
in 2019, the net profit of Minmetals trust is 2.105 billion, and the profit attributable to Minmetals capital is 1.642 billion. In the consolidated statement of Minmetals capital in 2019, the net profit attributable to the parent company is 2.735 billion, which is equivalent to 60% of the net profit of the parent company created by Minmetals trust
it's not too much to say "cash cow"
six times in four years, the rapid expansion of Minmetals trust
I collated the data of trust assets managed by Minmetals trust and the scale of active management since 2013
if the channel type is ignored, the active management scale of Minmetals will fluctuate around 100 billion before 2016. From the end of 2016 to the end of 2019, the proportion of Minmetals trust increased to nearly three-quarters
by the end of 2019, with a scale of 884.976 billion, ranking fourth in the instry, next only to CITIC, CCB and China Resources trust
a few years ago, Minmetals ranked at the median level after the top 20, with the focus on 2016
2016 is an important turning point. The next year, the parent company of Minmetals trust, Minmetals capital backdoor * ST Jinrui, was listed. As one of the most important assets of listed companies, the more open resources and more urgent performance pressure after listing may have contributed to the rapid growth of Minmetals in scale
in addition, according to the statement, the biggest change in the active management scale of Minmetals trust is "financing": from 72.96 billion in 2016 to 500.913 billion in 2019, an increase of nearly six times. In 2019 alone, financing increased by more than 300 billion over the previous year
How about expansion
the market tends to be more cautious about the expansion behavior of trust companies that have rapidly reached the top in a few years. It's easy to understand the reason. Can we go well after we have taken a big step
to put it bluntly:
can you keep up with your management ability
has the project team been set up
do you have so many good resources in the market
will you rece risk control access in order to rapidly expand the scale
taking history as a mirror, the "black horses" used to be Xinhua a few years ago, Zhongjiang and Anxin in recent years; In the end, each of them had a mess
at present, Minmetals trust does not disclose default information of its business for indivial investors; From the annual report disclosure, we can see that most of the litigation information is real estate and business administration. In fact, the scale of management is large, and litigation is normal. At least from the perspective of "bad debt provision" (500 million) and "asset impairment" in the annual report, the proportion is still very small. At present, it is relatively "stable"
finally, there is a myth: Although the trust license is recognized as noble, its profitability is also strong; But it seems that the stock prices of trust companies listed on the market are not very good... I hope Minmetals, with the background of central enterprises, can jump out of this "strange circle of listing".
6. When the loan company fails to pay the overe loan, the company is generally responsible for collecting the loan. After more than three months, the company will automatically transfer the loan to the collecting company for collection, and then sue to the court and apply for enforcement.
7. Trust proct issuer: Zhongcheng trust
enterprise involved: Zhenfu energy
capital involved: 3 billion yuan
result: cash, but do not pay the third interest
2, On February 19, Jilin trust Songhuajiang [77] Shanxi Fuyu energy project income right collective fund trust plan (Phase V)
trust proct issuer: Jilin trust
involved enterprise: Liansheng group
involved Fund: 100 million yuan
result: overe
3, on February 21, Shanxi Trust & nbsp; 8226; Shanxi Liansheng Energy Investment Co., Ltd. equity investment collective fund trust plan phase III
trust proct issuer: Shanxi Trust
enterprise involved: Liansheng group
capital involved: 500 million yuan
details: the first two phases of the trust plan are cleared and cashed after the extension, and there is no detailed information of phase III on the official website, which is a comprehensive report of the media
possible result: postponement
4, March 11, Jilin trust Songhuajiang [77] Shanxi Fuyu energy project income right collective fund trust plan (phase VI)
trust proct issuer: Jilin trust
enterprise involved: Liansheng group
capital involved: 100 million Yuan
possible result: postponement
5, On March 31, CITIC Trust · CITIC Qianjing arbitrage investment collective trust plan
trust proct issuer: CITIC Trust
involved enterprise: Chongqing McGregor Real Estate Development Co., Ltd.
involved capital: 196 million yuan
details: McGregor Real Estate Co., Ltd. was in a tight capital chain in the middle of last year, and CITIC Trust tried to auction mortgage real estate, but the plan ran aground, Because the developer has sold the mortgaged property and re mortgaged it to several lenders
possible outcome: the developer and the trust company will jointly pay for this sum of money
reasons: 1. When CITIC Trust sold this proct, the contract did not specify the next investment project. 2. In order to prevent market turmoil, the local government has intervened. Previously, the ownership of a related property is unknown, which has led to the suicide of a local buyer<
June, May 14
trust proct issuer: Jiangxi International Trust (now Zhongjiang International Trust)
enterprise involved: Liansheng group
capital involved: the total scale of the trust plan is 1.5 billion yuan
details: Zhongjiang international trust is the largest trust creditor of Liansheng
possible result: postponement
July, May 30, Zhongcheng trust · Nonggeshan lead zinc mine equity investment collective fund trust plan
trust proct issuer: Zhongcheng trust
enterprise involved: Sichuan Nonggeshan polymetallic Mining Co., Ltd.
capital involved: 196 million yuan
details: investment in lead zinc mine resources
possible results: default
reasons: 1. Compared with coal mine, lead zinc mine has lower investment attraction, Mining is difficult. 2. According to government officials who do not want to be named, the central government can allow trust defaults of 100-200 million yuan< br />8， On July 25, Zhongcheng trust · chengjinkai No.2 collective trust plan
trust proct issuer: Zhongcheng trust
enterprise involved: Shanxi new North Group Co., Ltd.
capital involved: 1.3 billion yuan
details: new north is another coal miner in Shanxi Province
possible result: delay
reason: new north is negotiating with a state-owned enterprise to sell part of its coal assets< On July 27th, Golden Peony · Rongfeng series · Hongsheng Jude special asset usufruct collective fund trust plan (phase II)
trust proct issuer: Huarong Trust
enterprise involved: Shanxi Hongsheng energy development investment group
fund involved: 319 million yuan
details: Huarong also sold another trust proct, which expired on September 4th, with a scale of 63 million yuan
possible results: postponement
10, September 7, CCB Zengda Jinniu growth collective fund trust plan (phase 1)
trust proct issuer: CCB trust
involved enterprises: Zengda investment
involved funds: 400 million yuan
details: 1, the trust gains income through investment in the financial market. 2. The first phase of the plan expired in March 2013, with investors losing 38% and expected returns of 20-30%. Investors agreed to extend the maturity date of the proct to September this year. 3. The scale of the second phase of the plan is 359 million yuan, the expected return is 20-30%, and the loss is 31% when it matures in June last year. Investors agree to extend the maturity date to December this year
possible results: the trust company and the investment company share the losses
Willingness: 1. Zendai investment refuses to fully compensate the investors when the procts are initially e, so the trust company may have to participate. 2. By January of this year, the loss of the first phase procts had narrowed to 24%, and the floating loss of the second phase procts had decreased to 13%. 3. For the sake of reputation, Zendai may not let default happen< On November 15, No.3 collective fund trust plan of Chang'an trust · coal resources instry investment fund (phase I)
issuer of trust procts: Chang'an trust
enterprise involved: Liansheng
capital involved: 200 million yuan
possible result: delay
12, November 20
trust proct issuer: China Construction Investment Trust
enterprises involved: Liansheng group
funds involved: the total scale of the trust plan is 600 million yuan
possible results: postponement
13, December 23, China Resources Trust & Co., Ltd; Yanjin No.2 Xiaoyi Dewei collective fund trust plan
trust proct issuer: China Resources trust
enterprise involved: Shanxi Xiaoyi Dewei Coal Instry Co., Ltd.
capital involved: 1.1 billion yuan
details: the trust proct was originally e in December 2013, but it was extended to December 2014
possible outcome: possible default
reason: at the initial maturity date, both the trust company and the financing party refused to repay the investors in full, and there has been no report about the company's asset sale recently<
January 15, 2015
trust proct issuer: Minmetals trust
financing Party: Qu Quanda, the actual controller of Hongsheng energy
involved capital: 1.2 billion yuan
details: the trust proct is used to transfer the usufruct of the real estate and land controlled by Qu in Beijing<
possible result: it will be replaced by new trust procts
according to BofA, the peak period of maturity of collective trust procts in the second and third quarters of this year is as follows:
we believe that the trust market is the most vulnerable part of the mainstream financial market, and the quality of borrowers is less and less like the participants in the loan and corporate bond markets. They are almost the most risky and risky ones in the market The group with the worst solvency
in the trust market, the risk of collective trust procts (which can raise funds from multiple investors) is higher than that of single trust, because the investor resources of single trust are richer and stronger, so they are more experienced in controlling the risk. But if solvency is a systemic problem, the single trust will eventually default.
enterprise involved: Zhenfu energy
capital involved: 3 billion yuan
result: cash, but do not pay the third interest
2, On February 19, Jilin trust Songhuajiang [77] Shanxi Fuyu energy project income right collective fund trust plan (Phase V)
trust proct issuer: Jilin trust
involved enterprise: Liansheng group
involved Fund: 100 million yuan
result: overe
3, on February 21, Shanxi Trust & nbsp; 8226; Shanxi Liansheng Energy Investment Co., Ltd. equity investment collective fund trust plan phase III
trust proct issuer: Shanxi Trust
enterprise involved: Liansheng group
capital involved: 500 million yuan
details: the first two phases of the trust plan are cleared and cashed after the extension, and there is no detailed information of phase III on the official website, which is a comprehensive report of the media
possible result: postponement
4, March 11, Jilin trust Songhuajiang [77] Shanxi Fuyu energy project income right collective fund trust plan (phase VI)
trust proct issuer: Jilin trust
enterprise involved: Liansheng group
capital involved: 100 million Yuan
possible result: postponement
5, On March 31, CITIC Trust · CITIC Qianjing arbitrage investment collective trust plan
trust proct issuer: CITIC Trust
involved enterprise: Chongqing McGregor Real Estate Development Co., Ltd.
involved capital: 196 million yuan
details: McGregor Real Estate Co., Ltd. was in a tight capital chain in the middle of last year, and CITIC Trust tried to auction mortgage real estate, but the plan ran aground, Because the developer has sold the mortgaged property and re mortgaged it to several lenders
possible outcome: the developer and the trust company will jointly pay for this sum of money
reasons: 1. When CITIC Trust sold this proct, the contract did not specify the next investment project. 2. In order to prevent market turmoil, the local government has intervened. Previously, the ownership of a related property is unknown, which has led to the suicide of a local buyer<
June, May 14
trust proct issuer: Jiangxi International Trust (now Zhongjiang International Trust)
enterprise involved: Liansheng group
capital involved: the total scale of the trust plan is 1.5 billion yuan
details: Zhongjiang international trust is the largest trust creditor of Liansheng
possible result: postponement
July, May 30, Zhongcheng trust · Nonggeshan lead zinc mine equity investment collective fund trust plan
trust proct issuer: Zhongcheng trust
enterprise involved: Sichuan Nonggeshan polymetallic Mining Co., Ltd.
capital involved: 196 million yuan
details: investment in lead zinc mine resources
possible results: default
reasons: 1. Compared with coal mine, lead zinc mine has lower investment attraction, Mining is difficult. 2. According to government officials who do not want to be named, the central government can allow trust defaults of 100-200 million yuan< br />8， On July 25, Zhongcheng trust · chengjinkai No.2 collective trust plan
trust proct issuer: Zhongcheng trust
enterprise involved: Shanxi new North Group Co., Ltd.
capital involved: 1.3 billion yuan
details: new north is another coal miner in Shanxi Province
possible result: delay
reason: new north is negotiating with a state-owned enterprise to sell part of its coal assets< On July 27th, Golden Peony · Rongfeng series · Hongsheng Jude special asset usufruct collective fund trust plan (phase II)
trust proct issuer: Huarong Trust
enterprise involved: Shanxi Hongsheng energy development investment group
fund involved: 319 million yuan
details: Huarong also sold another trust proct, which expired on September 4th, with a scale of 63 million yuan
possible results: postponement
10, September 7, CCB Zengda Jinniu growth collective fund trust plan (phase 1)
trust proct issuer: CCB trust
involved enterprises: Zengda investment
involved funds: 400 million yuan
details: 1, the trust gains income through investment in the financial market. 2. The first phase of the plan expired in March 2013, with investors losing 38% and expected returns of 20-30%. Investors agreed to extend the maturity date of the proct to September this year. 3. The scale of the second phase of the plan is 359 million yuan, the expected return is 20-30%, and the loss is 31% when it matures in June last year. Investors agree to extend the maturity date to December this year
possible results: the trust company and the investment company share the losses
Willingness: 1. Zendai investment refuses to fully compensate the investors when the procts are initially e, so the trust company may have to participate. 2. By January of this year, the loss of the first phase procts had narrowed to 24%, and the floating loss of the second phase procts had decreased to 13%. 3. For the sake of reputation, Zendai may not let default happen< On November 15, No.3 collective fund trust plan of Chang'an trust · coal resources instry investment fund (phase I)
issuer of trust procts: Chang'an trust
enterprise involved: Liansheng
capital involved: 200 million yuan
possible result: delay
12, November 20
trust proct issuer: China Construction Investment Trust
enterprises involved: Liansheng group
funds involved: the total scale of the trust plan is 600 million yuan
possible results: postponement
13, December 23, China Resources Trust & Co., Ltd; Yanjin No.2 Xiaoyi Dewei collective fund trust plan
trust proct issuer: China Resources trust
enterprise involved: Shanxi Xiaoyi Dewei Coal Instry Co., Ltd.
capital involved: 1.1 billion yuan
details: the trust proct was originally e in December 2013, but it was extended to December 2014
possible outcome: possible default
reason: at the initial maturity date, both the trust company and the financing party refused to repay the investors in full, and there has been no report about the company's asset sale recently<
January 15, 2015
trust proct issuer: Minmetals trust
financing Party: Qu Quanda, the actual controller of Hongsheng energy
involved capital: 1.2 billion yuan
details: the trust proct is used to transfer the usufruct of the real estate and land controlled by Qu in Beijing<
possible result: it will be replaced by new trust procts
according to BofA, the peak period of maturity of collective trust procts in the second and third quarters of this year is as follows:
we believe that the trust market is the most vulnerable part of the mainstream financial market, and the quality of borrowers is less and less like the participants in the loan and corporate bond markets. They are almost the most risky and risky ones in the market The group with the worst solvency
in the trust market, the risk of collective trust procts (which can raise funds from multiple investors) is higher than that of single trust, because the investor resources of single trust are richer and stronger, so they are more experienced in controlling the risk. But if solvency is a systemic problem, the single trust will eventually default.
8. Business is different, but administration is almost the same! If you're a woman, choose one with more money! If you're a man, choose one with a big chest!
9. Minmetals trust is one of the top ten trust companies in China, with good strength and good risk control ability.
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