Author | Cat Brother
Source | Big Cat Finance pro
Recently, Minsheng Bank opened a board of directors, with a new board of directors list and many familiar faces.
Liu Yonghao, Shi Yuzhu, and Zhang Hongwei are all founding members of Minsheng Bank. Among them, Liu Yonghao and Zhang Hongwei were elected vice chairman.
Originally, as a founding shareholder, Zhang Hongwei had been a deputy director for many years, but this time it was different, and investors had more doubts.
Because of Zhang Hongwei and his Oriental Group, there are many red flags:
1. The night before, Oriental Group was applied for reorganization by creditors, and the amount involved was only 752,300 yuan;
2. The group's financial company had liquidity difficulties, which caused Oriental Group's 1.6 billion deposit cannot be withdrawn, accounting for 65.6% of all monetary funds;
3, Oriental Group's stock price, has fallen below 1 yuan, if continues to fall, delisting at face value is a certainty;
4, real The controller, Zhang Hongwei, said that he would rush to help, but the debt problem of Oriental Group has been exposed. 's bank loans alone amounted to 23.4 billion.
Zhang Hongwei started as a contractor. Oriental Group was also the first listed private enterprise in Heilongjiang. Zhang Hongwei once became the richest man in Heilongjiang with his assets. One of the important assets is that holds 1.28 billion shares in Minsheng Bank, accounting for 2.92%, and is the top ten shareholder. .
In the past, the richest man was not in this situation. Every bank shareholder would not easily give up the opportunity to take money from his "own bank".
Minsheng Bank can also be said to be a financing machine for Oriental Group:
1. By the end of 2023, Oriental Group’s loans from Minsheng Bank will reach 9.599 billion, and there are still more than 7 billion unpaid;
2. At present, Oriental Group holds Some 1.28 billion shares, 1.26 billion of have been pledged to big banks for financing.
The equity pledge is okay. In the end, it is just a change of shareholders, but the loan will not turn bad, which will directly drag down Minsheng Bank.
Minsheng Bank may eventually have to collect debts from the deputy director.
This thing really happened. The protagonist of at that time was Lu Zhiqiang, the richest man in Shandong.
Lu Zhiqiang's Oceanwide is also a founding member of Minsheng Bank and a leader of the Taishan Society. Although the richest man's fortune history has been controversial, real estate has indeed made him a lot of money.
Moreover, in addition to real estate, Boss Lu is also particularly good at finance.
Minsheng Bank is his first financial institution , followed by Minsheng Securities, Minsheng Life, Minsheng Pawn, Minsheng Insurance Brokerage, and Minsheng Trust. In addition to Minsheng Bank, he also participated in Zhengzhou Bank and Beibu Gulf. Bank, Dalian Bank, etc.
Basically, valuable licenses for banking, securities, insurance, funds, trusts, futures, and leasing have been basically collected, and the famous Pan-ocean system has been formed in the market.
What are the benefits of engaging in finance? rich.
Bond issuance, trust loans, bank loans, and equity pledges are all very convenient for getting money. Oceanwide just buys and buys.
At that time, Lu Zhiqiang was the boss among the bosses, because many big bosses had extended their hands to him, such as Liu Chuanzhi, Wang Jianlin, and Zhou Hongyi, he had all helped, was quite a bit like the big brother taking the lead.
China Minsheng Bank provided a lot of funds.
As a result, in 2019, the Oceanwide Department suffered a loss. In 2020, the Oceanwide Department suffered a thunderstorm. After that, Lu Zhiqiang began to enter the debt vortex. Minsheng Bank also had to collect debts from the second shareholder and vice chairman. Zhang Hongwei’s story will be revealed in the future. This is probably the direction.
has been involved in lawsuits one after another, but what can be recovered is indeed too little. In the meantime, Minsheng Bank was fined a large sum because shareholders exercised voting rights despite exceeding the proportion of equity pledges.
By the end of 2023, Oceanwide’s loan balance in Minsheng Bank will still be 18.726 billion.
Can I still get the money back? hanging.
The biggest problem with Minsheng Bank is not the two shareholders, but Evergrande.
When there was a thunderstorm in Panhai, Evergrande was a little bit concerned.
At that time, the data circulated was that Evergrande had a loan of 29.3 billion from Minsheng Bank, and the amount ranked first among financial institutions.
This amount is still very credible among the public. In Evergrande's report, the main bank, Minsheng Bank, ranks first.
However, Minsheng Bank has never confirmed or denied this amount.
Minsheng Bank’s attitude has always been: the overall situation is basically controllable.
According to the bank, Evergrande's loans from Minsheng Bank are basically in real estate projects, and real estate projects focus on residential buildings, have collateral, and are not involved in automobile, finance, and "domestic guarantee and overseas loans" and other businesses.
The only mention of the amount is in one sentence: The amount of risk exposure of Minsheng Bank's loans to Evergrande accounts for a relatively small proportion of the overall loans...
As for the progress of these loans, Minsheng Bank's attitude is that at least through sales collection and project transfer As well as litigation, you can still get some money back.
This is actually a bit more optimistic than the bad debts of the emboldened shareholders, which is really strange.
According to current data, the three richest men in have dug a hole of 57.625 billion in Minsheng Bank by spending money to expand.
The richest man is miserable, and Minsheng Bank is even worse.
In the first quarter, Minsheng Bank's net interest margin was only 1.38%, lower than the industry average, ranking 10th from the bottom among listed banks, and 's non-performing loan rate was 1.44%, ranking among the top 7. is considered a laggard among joint-stock banks. .
The next days may be even more difficult for banks.
still has to continue collecting debts.
