Application of the Combination and means

 On the Combination of today, I think, most people are still far away from the Drilon, we do not need to compete with with them on, but to solve two runs through the topic: first, the Combination of daily use, that there is no daily use, there is not any more popular applications, the reality of our business where the subject is available. Second, some of the Combination of the possible ways that the company how to connect to the Combination, Industry and Finance from the simple combination of the power to truly walk the Combination.
one daily application of the Combination of the Combination of
daily use is actually very common, we can see a lot of free products universal application of the Combination. the Combination is not a mystery, the Combination in the enterprise application is very common, but in some practices common in people after Bale will not be noticed.
Example: cake shop. There Many people think that cake is by selling cakes, in fact, very few bakeries sell cakes to make money, but in fact is making money selling the cakes. selling moon cake tickets, selling tickets is the cake the cake is very important to the Combination mode even we can understand it as semi-legal, semi-illegal fund-raising. Many employers give employees time off Mid-Autumn Festival tickets issued moon cake, in fact, to the bakery may be able to buy a 700 yuan 1,000 yuan cake card, and then After a long time but you can only then it is used for cakes. such as Shanghai, XXXX is the last light tickets issued 2.7 billion moon cake, if the state crack down on the case, which all belong to the illegal financing of the concept. Others include shoeshine, dry cleaners and so will you do to sell a few hundred dollars to the card, the gym even more so. simply rely on operating funds each consumer, business is difficult to make money, but if you sell cards, first, capital income, early recovery of funds to connect to open stores, or make other investments, as consumers, to spend time, whether to spend, business does not care.
Example: advance sale of flats. Hong Kong, one of the most famous inventions in the real estate is advance sale of flats. abroad are generally built in the house, you saw the house until after the purchase, but because Hong Kong is a tiny high cost of land, once the house is built after the flood, then the developers have an idea how to use The scarcity of resources to cash advance. Sun Hung Kai was first invented this approach, the future of the concept map, interior renderings displayed, even the building can not build it up and still unknown to start subscription, advance sale of flats. < br> Example Three: States United States Group. Gome Group 2007 sales of 1,000 billion, but not money, that country the United States depend on what money? very simple, the United States accounts of 90 days, it relies on the pricing low, number of stores more quickly back section, and it's back to the actual repayment period is 21 days. That is, 100 billion can be white with a nearly 70 days, the net inflow of almost every day for more than two million. especially the May, November, during the Spring Festival, the daily net inflow will exceed 5 million. the whole of China is the largest land bank Hengda Group, 50 million square meters, the second is the Poly Group, 42 million square meters, the third is used to set the historical record of Vanke, 35 million square meters. But the States United States Group relies on this funding to get to 120 million square meters, nearly the total land reserves of the three, and. So some people say the country is the U.S. type of financial operation of the Group is the Combination. Simply put, the United States the Group's bakery, but is magnified , patisserie just narrowed Gome Group, the Combination is not the size of, only that we do not pay attention to those small, or say that it has the typical sense, but also because of this, financial regulation on the regulation of less than, but in fact many companies are set in the above operation.
four cases: xx medicine. xx years ago, the boss of it to the United States, found a local Chinese bought a small piece of Nevada very cheap land. Nevada is located in the Midwest, more remote, the only famous is Las Vegas, the desert casinos were built, there is no other income. But even as Las Vegas, the gambling industry revenue last year Macau is only 2 / 3. The Chinese have bought the land later, he initiated a marketing plan, called In fact, about one square foot), no matter where you are in the world, will give you a land certificate, with the longitude, dimensions, and photos to you that this land belongs to you, with a piece of land called the United States as a family heirloom in order to attract some people. Results xx back home, this way, you want to get the distribution rights in an area, you give me money. Of course he is designed to allow you to buy his product, he gives you a supplier and he earn about 10%, disguise the Chinese Group strategic perspective, the group refers to the Combination of industrial capital and financial capital, the main common governance of a company controlled by the Combination strengthen the Group's acquisition, equity participation, holding, expanding capacity to gain overall competitive advantage, and expansion of enterprises Group's comprehensive strength. The combination of production and finance and control, the Group's business through the operation to get a lot of capital or financial capital, and then pawn secured direct control of small, micro loans, finance lease or financial lease, large banking, insurance, securities and other financial institutions.
the Combination of the world, can be divided into the production to finance, and from financial to production. the capacity to finance, its capital by industry, the part of the capital from industrial to financial institutions, to create a strong financial core. but from the financial to the production, is the conscious control of the financial assets of industrial capital, rather than purely shares, to get average returns. by a long-term finance to industry or production will vote into a giant industrial giant.
1, to finance the production from the industrial to the financial
actually very difficult to walk on, but after the success of huge returns.
Example: Lenovo Group. Lenovo Group is one from the farmers into the city, and then again from inside the besieged capital city of such a process, a continuous process of entering the city into the city again. just started to do is trade association, and is now inside the city to do various computer companies Zanji there is no difference, it is being saved machines, trade, agents, the use of the special status of Chinese Academy of Sciences make some money. Zhongguancun was opened after engaging in its own manufacturing and research and development. This road is very hard to raise four dealers, manufacturers are often very thin profits, according to the words of Zhang profits as thin as the blade.
Lenovo important resources by leveraging two of its combination of industry and finance, a science and technology and brand, and the other is in the management of Liu. Legend Hony Capital was established, This is an imitation of foreign private equity (PE), in particular the Global Fund, one of eight Texas Pacific. launched fund, so that all parties, in particular, to subscribe for its partners, Hony Capital to acquire the company through the equity in this way, and then the operation of listed companies, such as Jiangsu Simcere, Suqian glass (the glass after the listing of China), Hunan Zoomlion and so on. Legend Hony Capital brought back to state-owned enterprise reform, restructuring of enterprises can not use some of recognition of local government associations, pushed to the restructuring of enterprises.
time period, but private equity fund, the general seven years, to time have to be dissolved, the funds returned to investors. hence Legend Capital. Legend Capital is that many companies are doing direct investment, is simply used their own capital investment. Direct investment in this part of the association made a lot of money, including Hony Capital to exit can also be transferred directly when vote.
Lenovo shares, Fang, led by its relationship with Goldman Sachs set up a joint venture of China's first brokerage firm Goldman Sachs Gao Hua, Fang is the largest shareholder, Goldman Sachs is the second largest shareholder, Lenovo is the third largest shareholder. Lenovo found their ability to judge, much less the industry analysis, Goldman Sachs, since then, what Goldman Sachs investment, to do with Lenovo to follow up. If Zoomlion acquisition of Italian construction machinery to do a business in the weight Branch address industry problems; Hony Capital (Lenovo) to solve the capital problem; the use of the international status and influence of Goldman Sachs, and M & A experience, and common implementation of the M & A success. while Goldman Sachs and other Lenovo is also inspired by these organizations to join the fund of funds.
except Beyond this, Lenovo has made real estate investments, that is Raycom. and not the same as ordinary business, Lenovo is China's technology industry to use its first flag, and cooperation around the development of the park, by association to investment operations, with its appeal the many property Raycom loaded to go inside, so that Raycom association as a whole when the mortgage loan pool, and home to the appreciation of their property sale or partial sale of the future to obtain more money to go out this technology Development Zone form a cycle of development, science and technology constitute the real estate association pool.
Throughout the development of association, although the huge losses last year, but then inadvertently entered, and is now forging ahead consciously investment sector (including Hony Capital, Lenovo direct investment Goldman Sachs Gao Hua, etc.), as well as guide the funds and Raycom, has formed a solid investment and financing Lenovo plate, which is a form, the production and financing, to finance development.
2, produced by the melt to
financial companies who do find some new industries can bring value, slowly infiltrate into the industry.
example: investment banks. instance we are familiar with Morgan Stanley, Goldman Sachs, Cade and so on. The typical investment bank, have a common characteristic, namely, a few years ago, in Beijing, Shanghai holds some office buildings. it is not important for the rental income is important to have a two to three years, the huge property appreciation , and then go out the operation, which is from the financial to the production. because to do finance, such as financing, credit, or investment when the financial statements of the other party will accept the due diligence, so that financial institutions can clearly determine the industry if it is found more good investment opportunities, financial institutions often have an advantage, able to quickly enter the industry.
to finance the production is often an unconscious process, but is often produced from the melt to a conscious process, it is experienced Many industries have a relatively clear since then to get involved into the industry. mainly because doing elements. We found worldwide, from production to finance the enterprise is not terrible, because they have a long learning process; from the financial to the production companies are often very serious, even dire their operations.
cases : Deutsche Bank. As Germany's largest commercial bank, Deutsche Bank is not only a Mercedes-Benz, Audi, Volkswagen, Siemens and other famous enterprises of the first or second largest shareholder, and Europe's largest consulting firm Roland Berger is the German business bank affiliates. foreign capital and large consulting firms are often large consortia, banks, investment institutions intricate relationships between, including the United States Data Corporation EDS home following the famous strategy consulting firm - AT Kearney. For the financial operation of the production is not only very familiar with the industry itself, but also the development of a variety of consulting, brokerage, including mergers and acquisitions, and other operational functions of capital, to help its own industry.
other hand, whether it is Audi , Mercedes-Benz, Volkswagen, or Siemens, the Combination of these enterprises are also doing very well, especially in Europe did the best the Combination of Siemens. but considering his biggest shareholder is Deutsche Bank, Deutsche The talent is so abundant commercial banks, to provide its services so good, this is not surprising, just be so good fishes.
(of: Nightlife Consulting Group President - Baiwan Gang)