Real -exploring CITIC Securities Explosive Family Products Non -standard Assets: Peking University Resources Boya City Autumn Wind Small Gate

The basic people in the mall went to the building, and the original Boya City had gradually faded out of people's vision. However, a announcement of the listed company Fu Anna (SZ002327, the stock price of 7.14 yuan, and a market value of 5.922 billion yuan), which pulled the dim city of Boya back to the spotlight.

On August 23, Fu'anna announced that in April 2018, listed companies and CITIC Securities and Custodian Bank signed the "CITIC Securities Fu'an No. 1 to Asset Management Plan asset Management Contract".

After completing the 4th period of redemption, on April 19, 2020, in view of the changes in the relevant management regulations of securities and futures, Fu Anna and CITIC Securities and CITIC Bank signed the "CITIC Securities Fu'an No. 1 to supplement the asset management contract", which will change the contract to change the contract For the "CITIC Securities Fu'an FOF Customized Single Asset Management Plan for Single Asset Management Plan for Asset Management", the planned establishment date stipulated in the FOF contract is April 18, 2018, and the duration of asset management is 3 years.

However, the fifth phase of redemption has defaulted. Fu Anna revealed that the company purchased 120 million yuan on March 19, 2021, with a period of 12 months, Fu'an No. 1, and the expiration date was March 19, 2022. As of the announcement date, the company received a total of 1350 product principal 1350 10,000 yuan, the surplus product principal of 106.5 million yuan and the income of investment have not been paid. Based on the nature of non -guaranteed financial products, there is a risk that the principal and interest cannot be redeemed. The underlying assets of this capital management product involve Peking University Resources Harbor City. According to the 2021 annual report and inquiry letter provided by CITIC Securities, the product trustees are 120 million yuan in 2021, the net asset value at the end of the period is 129 million yuan, and the account yield of this period is 5.76%.

At the same time, Fuana also mentioned that Peking University Resources Hangzhou Harbor City Project debtor Zhejiang Land Land Real Estate Development Co., Ltd. has already substantially defaulted, and the audit reports of 2019 and 2020 have been reserved by Zhonghui Accounting Firm. The execution period of Founder Group's reorganization plan was extended by the court to December 28, 2022.

Why is there a problem with non -standard assets?

Oriental Tower: Fixed principal, the asset management plan will extend the redemption

"Daily Economic News" reporter found that the Oriental Tower (SZ002545, the stock price of 9.76 yuan, and a market value of 12.142 billion yuan) also bought an asset package containing Peking University Harbor City. In addition to CITIC Securities, this asset management plan also involved a trust in a trust Company -Western Trust.

The Oriental Tower Announcement has disclosed that as of the end of September 2020, listed companies have purchased wealth management products including CITIC Securities Xiangxiang Single asset management plan No. 106. Fund Trust Program.

The specific situation of the Western Trust · Yuxin You Debt Selection No. 4 Trust Trust Program shows that: (1) The financing customer (debtor) of the non -standard debt is Zhejiang Land Land Real Estate Development Co., Ltd. Subordinates; (2) The project name is Harbor City project (commercial project) in Xixi section in Yuhang District, Hangzhou. However, no Oriental Tower has been disclosed in the progress of the asset management plan since then.

On the morning of August 25, the reporter of "Daily Economic News" called the Eastern Tower Securities Department as an investor to consult the progress of the asset management plan. The staff of the company's securities department said that the asset management plan does not need to be disclosed separately. It has been disclosed in non -public -issued documents, but according to the general information disclosure standard, the investment does not need to be disclosed publicly. But this investment is available.

As for whether the asset management plan is still continuing? The staff of the Oriental Tower Securities Department said that it is still during the settlement process because the asset management plan involves the reorganization of the underlying assets of Beida Resource Group and its parent company. So this asset management plan will be extended.

The staff also revealed that although the asset management plan involved in the asset management of the underlying assets of Peking University Harbor City, the investment scale of the Oriental Tower was relatively small. "This project made by CITIC is a relatively mature product, assets and rights and interests. Our asset management product is a fixed -guarantee income, and this project, Peking University Fangzheng Group also has a guarantee, but each one of the asset management products It's different. "

Regarding the settlement time, the staff of the Oriental Tower Securities Department said that after the reorganization of the reorganization of Peking University, the company should be settled as soon as possible. The company's legal finance, CITIC Securities, and Western Trust have always followed up the measures for the protection of all aspects of the rights and interests of all aspects.

Carefully sorting out the Harbor City project, it is indeed a fate.

In 2011, Zhejiang Lamon Industrial Co., Ltd. and Lanxin Investment Co., Ltd. won the commercial land at the premium rate of more than 300%and named Xixi Harbor City. In 2014, Hangzhou's real estate market entered the cold winter, and Xixi Harbor City was exposed to work. Developers encountered funds difficulties and arrears of the project company 200 million yuan in project funds. In November of the same year, Peking University's resources acquired the project and renamed Peking University Resources Harbor City.

In 2017, the project finally started investment promotion, but the opening time was dragged. At the end of 2019, Harbor City's final official promised "Boya City".

On August 24th, a person who claimed to be Boya City Property told the reporter of "Daily Economic News" that at present Boya City is waiting for a new pick -up party. Several companies have seen this asset before, such as Vanke's Italian Italian Italian Italian The business center, the assets of the Zhongxin Group Zhongyi Hotel -style apartment. At present, the shopping mall has not officially announced the closure. Several stores are open. As for the subsequent changes in Boya City, I don't know it. However, the reporter has not been confirmed from related companies.

In 2020, the parent company of Peking University Resources Group, Peking University, was liabilities of 300 billion yuan, and was ruled by the Beijing First Intermediate People's Court for bankruptcy reorganization. In 2021, the consortium composed of Zhuhai Huafa Group Co., Ltd. (representing Zhuhai State -owned Assets), Ping An of China, Shenzhen Special Faye Group Co., Ltd. will participate in Peking University Fangzheng Group Co., Ltd., Peking University Fangzheng Information Industry Group Co., Ltd., Peking University Medical Industry Group Co., Ltd. , Peking University Resources Group Co., Ltd., Founder Industrial Holdings Co., Ltd. (collectively referred to as the "reorganization subject") substantial merger and reorganization ("Founder Group Reorganization"), Ping An Life Insurance represents China Ping An Group Reorganization and signed the Founder Group Heavy The entire reorganization investment agreement.

On January 31, 2022, the China Banking and Insurance Regulatory Commission agreed to invest in Xinfangzheng Group in Ping'an Life Insurance. According to the "Reorganization Investment Agreement" and the choice of the credit settlement plan of the reorganized subject, Ping An Life Insurance plans to contribute approximately RMB 48.2 billion in about 66.51%of the equity of Xinfangzheng Holdings Development Co., Ltd.

On June 24, 2022, affected by multiple factors such as the epidemic, the Ping An of China claimed that the reorganization plan could not be implemented within 12 months. According to the application of the reorganization subject, the Beijing First Intermediate People's Court ruled that the execution period of the reorganization plan was approved in accordance with the law to December 28, 2022.

"After the reorganization, the new side is being acquired by Ping An of China. What new follow -up movements are not yet known." Zhejiang Peking University Resources Real Estate Co., Ltd. revealed in an interview with the media.

Daily Economic News

- END -