Why did the mysterious capital Zhang Zhenxin died at the age of 48?

According to the surging news reported on October 5, Zhang Zhenxin, the mysterious capital leader and the founder of the pioneer department, died.

On October 5th, Pioneer Holding Group Co., Ltd. and Network Information Group Co., Ltd. jointly issued a promise. The prosecution stated that the actual controller of the two companies, Mr. Zhang Zhenxin, due to multiple organs, alcohol dependence, and acute pancreatitis.He died at the age of 48 at the age of Chestami Hospital in Chelsea and Westminster Hospital in London, England on September 18, 2019.

This is somewhat suddenly, after all, Zhang Zhenxin, born in 1971, was only 48 years old.The last time he appeared on the mass media was on July 23.On the same day, Zhang Zhenxin wrote an internal letter from all employees that the group encountered unprecedented difficulties and crises.

Zhang Zhenxin is a native of Inner Mongolia. He graduated from Northeast University of Finance and Economics and was in Dalian, Liaoning Province.In 1994, 23 -year -old Zhang Zhenxin became the general manager of Dalian Sales Department of Shenyin Wanguo Securities Co., Ltd.

In 2000, Zhang Zhenxin established Dalian Internet Information Entrepreneurship Investment Co., Ltd.In 2003, Zhang Zhenxin established a joint entrepreneurial guarantee group (now known as United Entrepreneurship Financing Guarantee Group Co., Ltd.).Since then, the words such as Internet information and entrepreneurship have frequently appeared in the company's names of many companies in Pioneer.

Starting from the guarantee company, in less than 20 years, Zhang Zhenxin has gradually obtained a variety of financial licenses such as leasing, small loans, banks, funds, securities, insurance brokers, third -party payment, currency exchange, gold exchanges, etc.The layout of Internet financial sectors such as P2P online loans, cash loans, and blockchain has created a unique capitalist pioneer.

Similar to other capital factions, the Pioneer Department does not hold a special holding company to hold many financial licenses and other related companies.Although Zhang Zhenxin's main title is the chairman of Pioneer Holding Group (formerly known as China Pioneer Financial Group), the company only has equity relationship with a part of the pioneer enterprise.Some companies that do not exist in the relationship between Zhang Zhenxin are also attributed to the pioneer because of the actual control of Zhang Zhenxin.

Since July 4, our employees have experienced many sleeping nights like me. Faced with various voices and doubts, in the face of difficulties and crises, we are working hard to break through.At the same time, we hope to reverse the current unfavorable situation in the shortest time.Zhang Zhenxin wrote in the internal letter.

On July 4th, a picture of a picture with the former executive director and CEO Sheng Jia chat record of the Internet information group spread spread, showing that Shengjia was confirmed at 1:33 am to confirm that the online information inclusive platform will withdraw the benign withdrawal from the P2P online loan businessMessage.In other words, a network loan platform exploded a pioneer building.From then on, bad news about the pioneer system came out one after another.

The capital market may be another perspective of observing the rise and fall of the pioneer system.Beginning in May 2018, the three listed companies of Pioneer (8207.HK), Hongda Financial Holdings (1822.HK), and Ping An Securities Group Holdings (0231.HK, not Ping An Securities under Ping An Securities under Ping An Securities under Ping An Securities,) All occurred.As of now, the market value of the three listed companies has increased less than HK $ 1 billion, and Ping An Securities Group holding the highest stock price is only 0.078 Hong Kong dollars.The largest decline is Zhongxin Holdings, the most important listed company under the Pioneer Department. In May last year, the company's market value exceeded HK $ 20 billion, and it is now less than 300 million Hong Kong dollars.

Looking at Zhang Zhenxin and his vanguard for the past 20 years, maybe you can summarize in one sentence, start in the guarantee industry, start a family in the financial leasing industry, and fold in the Internet financial industry.

Starting for guarantee, sending a family in financial leasing

How to know the Pioneer Department?

Although the official website of Pioneer Holdings Group shows that the company was founded in 2003 and is a growth comprehensive enterprise group to deeply cultivate financial technology, asset management, wealth management and other fields, but Pioneer is far away from Pioneer Holding Group.

From the beginning of Zhang Zhenxin's joint entrepreneurial financing guarantee group, it is where he started.Industrial and Commercial Information Inquiry Software Sky Eye Investigation shows that the joint venture financing guarantee group has invested in 7 companies.

Specifically, the first three financing guarantee companies were established in 2008 and 2009.UNICS Financing Guarantee Group 100%controlled three financing guarantee companies, namely Beijing United Kaiyuan Financing Guarantee Co., Ltd., Tianjin United Financing Guarantee Co., Ltd., and Dalian United Entrepreneurship Financing Guarantee Co., Ltd.Guarantee is also the main business of the pioneer in the early years.At present, Beijing Union Kaiyuan Financing Sales Co., Ltd. also holds 100%of a fund sales company Shenzhen Yitou Fund Sales Co., Ltd.

Followed by 1 insurance brokerage company.United Entrepreneurship Financing Guarantee Group holds 69.23%of Beijing Jiangshan Insurance Brokerage Co., Ltd.

The third is two small loan companies.United Entrepreneurship Financing Guarantee Group holds 50%of Dalian Zhongshan Jiayun Microfinance Co., Ltd. and Dalian Zhongshan Oriental Microfinance Co., Ltd., and 49%of the shares, all of which are ranked largest of the largest shareholders.

In addition, United Entrepreneurship Financing Guarantee Group also participated in 0.41%of Zhongtai Securities Co., Ltd. 0.41%.

As for Zhang Zhenxin's leasing industry, you can first look at Pioneer Holding Group.Tianyancha shows that there are four main companies directly held by Pioneer Holding Group, three of which are financial leasing companies.

Specifically, Pioneer Holding Group holds three financial leasing companies including Beijing Kaiyuan Financial Leasing Co., Ltd., Yingtai Financial Leasing Co., Ltd., and Liaoning Kaiyuan Financial Leasing Co., Ltd., holding the shares of 25.75%, 25%, and 25%, respectively.Except for Liaoning Kaiyuan Financial Leasing Co., Ltd. in 2008, the first two financial leasing companies were established after 2012.In fact, Liaoning Kaiyuan Financial Leasing Company was originally a guarantee company, and later became a financial leasing company in 2013.

It seems that Pioneer Holding Group supports a small part of the above three financial leasing companies. In fact, among the two companies of Beijing Kaiyuan Financial Leasing Co., Ltd. and Yingtai Financial Leasing Co., Ltd.The shareholders of the limited company held 8.5%and 75%of the two companies.Kaiyuan Zhonghe Investment Management Group Co., Ltd., another shareholder of Liaoning Kaiyuan Financial Leasing Co., Ltd., is also a vanguard.

In fact, China Financial Leasing Co., Ltd. is an important carrier of Pioneer Investment Financial Leasing Company.

On December 30, 2009, Zhang Zhenxin invested in China Financial Leasing Co., Ltd. (hereinafter referred to as China Financial Leasing, when the company was named China Computer Leasing Co., Ltd.) and served as legal representative.

Since then, the Pioneer Department has established or invested in many financial leasing companies through China Financial Leasing.In addition to the two mentioned above Beijing Kaiyuan Financial Leasing Co., Ltd. and Yingtai Financial Leasing Co., Ltd., industrial and commercial information inquiry software Tianyan Check shows that as of now, China Financial Leasing holds China Rental Dragon (Tianjin) Aviation Leasing Co., Ltd.100%equity; 21.38%equity of Yinghua Rong Leasing Co., Ltd.In addition, China Financial Leasing also holds 30%equity of Guizhou Outside Institution Market Co., Ltd., which is an innovative financial trading platform specializing in domestic derivatives transactions in China to provide services for physical enterprises and financial institutions.

Favorites financial licenses and build a pioneer financial empire

Zhang Zhenxin's house, guarantee, financial leasing, etc. are generally considered to be financial institutions. Obviously, he is not satisfied with this and has become a collector of financial licenses.However, these licensed institutions investing in Zhang Zhenxin are often unknown and small, and then build a pioneering financial empire through them.

Surging News sorted out Pioneer Enterprise Network and found that Union Entrepreneurship Group Co., Ltd. is the core enterprise with the most licensed licenses in the current vanguard.

According to the investigation of industrial and commercial information inquiries, it shows that Union Entrepreneurship Group Co., Ltd. has invested a total of 47 enterprises, of which 24 of them are investment management partnerships and have been canceled.

Companies investing in the main investment of United Entrepreneurship Group include: Pioneer Payment Co., Ltd. (100%equity, changed from Dalian Pioneer Business Service Co., Ltd. in 2014), online information securities (55.61%equity, 2014 shares), online information (Heilongjiang) Financial Assets Trading Center Co., Ltd. (45%equity, founded in 2016), Pioneer Fund Management Co., Ltd. (34.21%equity, the company was established in 2016, a public fundraising), Haikou United Rural Commercial Bank (20%of 20%Equity, with Jiutai Rural Commercial Bank as the largest shareholder), and the mutual insurance of Zhonghui property (12%equity, established in 2017).In addition, United Entrepreneurship Group also holds 10%of the equity of Shenyang Yu Hongyong Village Bank, Jilin Dehui Rural Commercial Bank, 6.67%of Dalian Lushun Guohui Loan Co., Ltd.6%of the shares of the company, holding 0.56%equity of Zhongtai Securities Co., Ltd.

The insurance brokerage license of the Pioneer Department is held by Joint Entrepreneurship Financing Guarantee Group. The company holds 69.23%of the Beijing Jiangshan Insurance Brokerage Co., Ltd.;Stock Co., Ltd. (United Currency, New Third Board Securities Code: 872088) 87.52%of the shares.

Internet finance has gone out of the parabolic line

I am afraid that the Pioneer Department is well -known is the Internet finance industry, and China Credit (now named Zhongxin Holdings, 8207.HK), a Hong Kong stock listed company, can be said to be Zhang Zhenxin's most successful case in the operation of the capital market.

China Credit was originally an investment company. The business provides financing services and related financing consulting services (including entrusted loans, real estate mortgage services, pawn loan services, other loan services and small financing services).In November 2013, China Credit entered the Internet payment business through acquisition of Pioneer Huisheng Investment (Hong Kong) Co., Ltd.Through this acquisition, Zhang Zhenxin held 16.84%of China Credit, ranking the second largest shareholder, and began to become the largest shareholder in the following year.

Zhang Zhenxin injects through its Internet financial assets and then realized China Credit. At the same time, China Credit has transformed China Credit from the original traditional finance into Internet financial companies.

As of now, China -Singapore Holdings mainly provides online financial services to SMEs, merchants and individual customers in China and Asia, including third -party payment, online investment, technology -driven loans, traditional loans and financing services, social games, insurance, asset management and asset management and asset management.The eight main business of the blockchain, the transaction value of more than 2.7 trillion yuan (approximately US $ 426.4 billion) in 2017.

How successful is Zhang Zhenxin's move?China Credit (Zhongxin Holdings) stock price explains everything.From Zhang Zhenxin's November 2013, China's credit stock price was around HK $ 0.12. However, on July 5, 2017, China Credit stock price reached HK $ 1.22, an increase of more than 90 times, and the market value of China Credit was over 20 billion Hong Kong dollars.In October 2017, when many listed companies began to launch the P2P online loan industry, China Credit acquired 48%equity of Leyu Limited (Leyu) for 800 million yuan.The latter has a wholly -owned subsidiary Beijing Pingzhong Software Technology Co., Ltd. and its affiliated company.Established in 2014, it is an online consumer finance platform. Through mobile application platforms, it has promoted the demand for small short -term consumer loans for its customers with a variety of channels.

Then, the prosperity was declining. With the launch of financial deleveraging and the launch of the special rectification of Internet finance, China's credit stock price also followed.As of now, the stock price of Zhongxin Holdings has returned to HK $ 0.11, which is similar to Zhang Zhenxin's host.

The zero -zero stock price is only an external manifestation of the internal problem of the pioneer system, because China -Singapore Holdings is just the tip of the iceberg in the huge assets of the pioneer department.

At present, Zhongxin Holdings is suspended because its payment company is suspected of violations of laws and regulations.

How big is the pioneer cave?

In addition to CICC Holdings, the main platform of Pioneer Internet Finance has a larger online information group.

According to the development process of the official website of the Internet Information Group, in 2012, the first business financial workshop of the Internet Group Group was launched.In February 2013, crowdfunding online; in July, online information wealth management was launched; October, online information finance group was established; the original meeting was launched in December, and Internet Credit Credit Request Co., Ltd. was established.In May 2015, the Internet Information Financial Group was upgraded to the Internet Corporation; in July, the United currency obtained the qualifications of the transfer of foreign currency cash in and out of foreign currency cash in and out; in October, Pioneer Pay was approved by RMB cross -border payment license.In June 2017, the Internet Information Management was upgraded to the financial technology open platform mdash; mdash; Internet information; August joint currency officially listed on the New Third Board, securities code: 872088.However, after 2018, the development process has not been updated.

On July 3rd, the online information of the Internet Loan Platform of the Internet Information Group suddenly stopped recharging and withdrawal services.The Internet Information Intelligence stated in the announcement of the suspension service on the official website that because the depository bank Haikou United Rural Commercial Bank will upgrade the system, the online loan account withdrawal service is suspended, the online loan large recharge service suspension, and the binding of Haikou United Rural Commercial BankCard users cannot recharge.

On July 4th, a picture of a picture with the former executive director and CEO Sheng Jia chat record of the Internet information group spread spread, showing that Shengjia was confirmed at 1:33 am to confirm that the online information inclusive platform will withdraw the benign withdrawal from the P2P online loan businessMessage.

On the evening of July 5th, the Internet Information Group made a formal response to the detainees of the P2P liquidation executives being detained by the police station. As the target of large enterprises cannot be repaid in time, and some borrowers have maliciously escaped debts, the group part has led to the group part.The product was overdue and denied that the executive was detained by the police station, but it did not clearly mention whether it was withdrawn from the online loan business.

On July 8, Zhongxin Holdings issued an announcement saying that as the relevant Chinese government departments required Pioneer to pay pioneers to take severe remedial measures on their business operations, which can cause severe remedial measures, which can cause major disadvantages to the company's related business and financial conditions.The influence was suspended to suspend trading.

After a month, on the evening of August 19, some financial media reports that the Internet information securities with Pioneer Group as the largest shareholder have been custody by the Liaoning Provincial Securities Regulatory Bureau.Although the news was clearly denied by Liu Ping, the chairman of the Internet Securities, in May, the Internet Securities was adopted by the Liaoning Securities Supervision Bureau for risk monitoring measures because the company had major risk hidden dangers.The 2018 annual report announced on April 22 showed that the company's total assets were 21.5 billion yuan, liabilities were 23.8 billion yuan, and net capital changed from 580 million yuan at the end of the last year to -3055 billion yuan.

According to reports from the 21st Century Business Herald, a material it received showed that as of the end of June this year, the vanguard balance was about 70 billion yuan.It mainly includes three pieces: one is the network information platform, mainly the product of the Gold Exchange, with a loan balance of about 45 billion yuan.20 billion yuan.The above sections have different degrees of overdue.

The above numbers cannot be confirmed at the moment.It can be confirmed that according to the data of the information disclosure platform of the China Internet Finance Association, as of May 31, the cumulative loan amount of online information inclusive has reached 164.327 billion yuan, and the total number of loans was 5.5598 million.From the perspective of borrowing balance, the balance of online information inclusive lending is 5.902 billion yuan, the number of borrowing balances is 133,700 strokes, and 150,900 borrowers are still available.

Northeast FortuneCollege Alumni Circle

In the process of building its vanguard's financial empire, the alumni circle is its more reliable relationship network.There are two alumni from Northeast University of Finance and Economics. It is worth saying that one of them is Zhang Zhenxin's subordinates named Liu Liqun. He is the CEO of Pioneer Holding Group; one is Zhang Zhenxin's business partner named Liu Hui.

Public information shows that Zhang Liqun was born in 1973, from September 1992 to July 1996, studying at the Economic Information Management of Northeast University of Finance and Economics and obtained a bachelor's economics. From September 2001 to July 2004, he studied again at the Industry of Northeast University of Finance and Economics from September 2004 to July 2004.He is a master of economics.Since April 2004, Zhang Liquan has served as CEO of Pioneer Holding Group Co., Ltd.In addition, Zhang Liqun also serves as executives of multiple companies in vanguard.

Born in 1970, Liu Hui and Zhang Zhenxin also worked at Shenyin Wan Guo Dalian Securities Department in addition to the alumni of Northeast Finance and Economics University.Moreover, she has also served as the general manager in the pioneer core enterprise joint venture group Co., Ltd..Since February 2015, he has been the chairman of Shenzhen Jingyi Investment Management Co., Ltd.

The relationship between the three can be peeped from the capital operation of the Pioneer of the Pioneer Bridge (now the Development of the Aga Liana, 002316.SZ).

The beginning of the story was on April 13, 2015, and the Ganxing Qiangde Jingyin Investment Partnership (Limited Partnership) (hereinafter referred to as Gande Jing) cost 686 million yuan, from the original controlling shareholder Key Bridge Communication Technology Co., Ltd.(Hereinafter referred to as Hong Kong key bridge) The acquisition of 19.84%of the key bridge communication was acquired, ranking among the latter's largest shareholder.Qian Dejia's actual controller was Liu Hui, and Zhang Zhenxing held 39.7%of Gande Jing. Later, Zhang Zhenxin reduced the shareholding ratio to 20.5%.Both Liu Hui and Zhang Zhenxin entered the board of directors of the Bridge Communication.

At the same time, the key bridge communication planning major matters.On October 14th, the key bridge communication issued a non -public issuance bill, which was intended to issue about 400 million shares to Qiande Jingyi, Zhang Zhenxin, etc., with a fundraising of not more than 3.65 billion yuan.Yinghua leased capital (990 million yuan) and other matters.After the completion of this issuance, Liu Hui controlled the equity ratio of listed companies by 31.23%through Shenzhen Jingyi, becoming the actual controller of the company.

It is worth noting that Yinghua Leasing is a subsidiary of China Financial Leasing Co., Ltd., a pioneer company, and Zhang Liqun, who served as chairman of China Financial Leasing Co., Ltd. at the time.

After the release of the above claims and resumed stocks, the key bridge communication continued to rise for four consecutive daily limits, and then continued to rise.The stock price closed from October 14th to a closing price of 10.15 yuan, up to 25.78 yuan on November 26, doubled, and less than one and a half months.However, the stock price of Jianqiao Communication has since fell all the way, and once fell far below Gan De Jing's original investment price.

Generally, the outside world believes that Zhang Zhenxin has not succeeded in this operation.On May 31, 2016, Jianqiao Communication issued an announcement to terminate the company's non -public issuance of stock matters and withdraw the application documents.On September 30, 2016, Zhang Zhenxin resigned as a director of the key bridge communication for personal reasons.On September 28th, Zhang Zhenxin and Liu Hui signed an agreement to transfer the share of Shenzhen Jingyi and Qiande Yiyi to Liu Hui.Since then, Zhang Zhenxin has no equity relationship with Qian De Jingyi and the key bridge communication.

Zhang Liquan did not serve as chairman of China Financial Leasing Co., Ltd. in November 2016, and was not a director in November 2018.Zhang Liquan currently has also managed the Pioneer Equity Investment Business. Online Information (Heilongjiang) Financial Assets Trading Center Co., Ltd., Dalian United Holding Co., Ltd., Pioneer Guosheng (Beijing) Equity Investment Fund Management Co., Ltd., Pioneer Entrepreneurship Co., Ltd. and other companiesLong position.