The first financial daily: Sany has repeatedly expanded its financial territory and "less masters" have taken the lead

On the evening of August 1, Sany Heavy Industry (600031.SH) issued an announcement saying that the China Banking Regulatory Commission approved the establishment of Hunan Sanxiang Bank, and the bank category is a private bank. The reply requires that the preparatory team shall handle the preparatory matters in strict accordance with the requirements of relevant laws and regulations, and complete the preparatory work within 6 months from the date of approval.

According to the announcement, the China Banking Regulatory Commission approved the sponsor qualifications of Sany Group Co., Ltd., the company's wholly-owned subsidiary, Hunan Sany Intelligent Control Equipment Co., Ltd., Hansen Pharmaceutical (002412.SZ), and Hunan Shaodong Xinren Aluminum Co., Ltd. to subscribe for 18%, 12%, 15% and 12% of the bank's total share capital respectively. According to the previous announcement of Sany Heavy Industry, Sanxiang Bank intends to have a registered capital of 3 billion yuan.

This is another expansion of Sany Group and its subsidiaries (hereinafter collectively referred to as "Sany") in the financial sector.

It is worth noting that, according to the "*5656 Financial Daily", Liang Zaizhong, the son of Liang Wengen, the founder and actual controller of Sany, will become the actual leader of Sany's financial sector.

The financial map around the main business

In fact, Sany has been in the financial field for many years.

In 2010, Sany announced that it had officially entered the financial business and established Sany Auto Finance Co., Ltd. (hereinafter referred to as "Sany Auto Finance"). The company was approved by the China Banking Regulatory Commission in October 2010 and is the first auto finance company in China's construction machinery industry, with a registered capital of 800 million yuan, of which Sany Group invested 740 million yuan, with a capital contribution ratio of 92.5%. Officially, "mainly for the construction machinery industry to provide financial services, business varieties covering loans, leasing, insurance, trust and many other fields, can provide customers with one-stop, the whole process of the overall solution, and in the global market to form unique financial products, services and business models." The company will start from China and gradually expand to the United States, Germany, Singapore, India, Brazil, South Africa, Saudi Arabia and other places. ”

In 2012, Sanlong began to plan the layout of the insurance industry, and finally initiated the establishment of Jiulong Property Insurance Co., Ltd. (hereinafter referred to as "Jiulong Insurance"), accounting for 20% of the shares. The company, registered in Hengqin, Zhuhai, claims to be "China's * 5,656 IoT-based insurance companies", which opened in March this year, and claims that its premium income has exceeded 10 million yuan.

Sany Group also invested in the establishment of Mingzhao Capital in Beijing in October last year, announcing that the fund will focus on investment in the field of Industry 4.0 and the Internet of Things, and plans to invest in 50 projects in three years. According to Sany's official public information, at present, Sany Group holds or participates in Sany Incubator, Sany Investment Fund, Mingzhao Capital (VC), Sany Investment (PE, preparation), Sany Auto Finance, Zhonghong Financial Leasing, Jiulong Property Insurance, Internet Finance (preparation), Hunan Sanxiang Bank (preparation), etc., with a cumulative capital of more than 10 billion yuan in the financial sector business, and the medium-term development goal is to increase net assets to 30 billion yuan within 5 years, and assets under management to exceed 200 billion yuan. The annual profit exceeds 3 billion yuan.

Through careful analysis, it can be found that the core of Sany's financial business is still the equipment manufacturing industry. Equipment manufacturing industry is Sany's current main business.

Xiang Wenbo, president of Sany Heavy Industry, previously said that Sany did not enter the overall strategic adjustment of the enterprise, but "after the real economy reaches a certain scale, the combination with finance is an inevitable trend", and entering the financial industry will be a supplement and support for the development of the real economy in the future.

"Less master" dominates

However, Xiang Wenbo's explanation does not seem to mask Sany's financial ambitions.

Judging from the financial business that has been carried out, plus the commercial banks that are about to be established, among the large financial business categories, Sany only has a brokerage business that is not involved.

There is no doubt that finance will become a very heavy sector in the future, and Liang Wengen also attaches great importance to it. Therefore, it is interesting to see who will rule it.

"*5656 Financial Daily" learned that according to the internal division of labor, Liang Wengen's son Liang Zaizhong has clearly been in charge of the entire financial sector and has become the actual leader of the big "Sany Finance".

As the only son of Liang Wengen, the founder of Sany, Liang Zaizhong holds a bachelor's degree in computer science and management from the University of Warwick and a master's degree in public administration from Harvard University.

According to people close to Sany, Liang Zaizhong's interest and enthusiasm for finance and investment are higher than that of industry, "after all, the current main business has been built by the parents and has been very successful, and young people may prefer to make a difference in a new field to reflect their abilities."

According to public information, Liang Zaizhong currently serves as a director of Sany Auto Finance, vice chairman of Jiulong Insurance, and a partner of Mingzhao Investment. "*5656 Financial Daily" learned that next, he will also hold an important position, that is, the chairman of the future Sanxiang Bank.