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Wanda's big marriage broke into a third party
On the afternoon of July 19, Wanda Commercial and Sunac China held a strategic cooperation signing ceremony in Beijing. The name of R&F Properties appeared on the scene.
According to the tripartite strategic cooperation agreement, Wanda Commercial transferred 77 hotels including Beijing Wanda Jiahua to R&F Properties at a price of 19.906 billion yuan, and 91% equity of 13 cultural and travel projects such as Xishuangbanna Wanda Travel Project and Nanchang Wanda Cultural Travel Project. The price of 43.844 billion yuan was transferred to Sunac Real Estate Group, and the total amount of the two transactions was 63.75 billion yuan. This has also become the largest M&A case in the history of Chinese real estate. (Integrated Sina Finance)
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|Review| Yesterday afternoon, the signing ceremony involving a huge amount of money, of course, the most dramatic color is the half-way out of a "third party" R&F property. R&F Properties and Wanda had a cooperative relationship before, and this time it was actually a rescue field and a leak.
The original cooperation agreement between Sunac and Wanda appeared in the case of “Wanda loan to Sunac acquired Wanda†(trust loan), which was questioned by public opinion, so Lafite Real Estate came together to cooperate and the entrusted loan was cancelled. More interestingly, the name of R&F Real Estate on the background cloth was once removed, and later added, or not in the middle. In the speech after signing the contract, Wang Jianlin and Sun Hongbin spoke invariably about the company's funds and liabilities.
Yu Liang: The real estate industry is facing a reshuffle
On July 19th, Vanke’s chairman and CEO Yu Liang said in an interview that China’s real estate industry has really reached a new stage. In this new stage, residential consumption is promising, and the rental market, rail property, pension real estate and education real estate have broad prospects, and the real estate industry is facing a reshuffle.
In the future, the layout of Vanke will also change, and it will emphasize the synergy between megacities and surrounding areas. The concept and direction of investment will be adjusted. (Integrated Xinhua Viewpoint)
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|Review| This should be the first time that Vanke's new head of office has fully expressed its views on the real estate market. There are many highlights, such as the statement that China's urbanization has entered the second stage, such as the "1153 supply model", and the optimistic demand for housing rental market.
In particular, what he said is that the division of cities into cities in the first, second and fourth tiers has lost its significance. The surrounding areas of first-tier cities and strong second-tier cities have great room for development. This can be used to explain why the surrounding cities of the big cities have been in the past two years. Demand. In other words, it is to look at the property market from the city circle. [Click here to read the real estate attraction report]
US theater AMC: the acquisition funds did not turn to Wanda for help
On the evening of July 18th, Wanda’s second largest theater in the United States, AMC Entertainment Holdings, said that the four M&A transactions completed between 2015 and earlier this year were entirely the company’s own cash reserves and loans from a US syndicate. .
The company said it has never sought funding from Wanda in any acquisition. AMC also stated that it has never received any financing commitments from any mainland-based bank, for whatever purpose, including acquisitions. (New Beijing News)
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| Comments | This thing is worth talking about. The American company owned by Wanda will certainly not give this explanation for no reason, or it will be from Wanda. The background is that the relevant departments are concerned about several types of overseas mergers and acquisitions, and the cinema is a category that does not encourage investment. Therefore, AMC tried to clarify that it did not use Wanda’s money.
But this time the application is not big. The relevant departments do not encourage investment in such companies, but in turn they point out where to encourage investment, and whether the latter can be done is even more crucial.
Suning responded to CCTV's questioning investment in overseas football
CCTV's "News 1+1" broadcast on the evening of July 18 mentioned Suning's foreign football club. Yin Zhongli, from the Institute of Finance of the Chinese Academy of Social Sciences, said that these institutions have high domestic debt ratios and hold money borrowed from banks. Spending on foreign countries does not rule out suspected money laundering.
According to CCTV related reports, Sun Weimin, vice president of Suning Holding Group, said that Suning firmly supported the country's foreign investment industrial policy. The expansion of overseas markets is the need to serve the development of the domestic market. (General Netease Finance)
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| Comments | This is another topic about so-called irrational investment abroad. What is rationality, what is irrational, in fact, it is still necessary for enterprises and financial institutions to judge. If it is the company's own money, it loses its own; if it is the company's loan from the bank, then may ask why the bank will approve the loan, is there a regulatory problem here? Besides, if it is a fraudulent loan, is it not necessary for the company to take responsibility?
Experts in the CCTV publicly and unfoundedly accused a specific company of suspected money laundering, this is not proper.
In the first half of the year, the net profit of color TV enterprises was less than 1%.
On July 19th, the domestic color TV market was sluggish in the first half of this year, and the market sales declined year-on-year. As panel prices rose more than the whole machine, the net profit of color TV companies generally fell to less than 1%, down from about 1.5% in the same period last year.
Under the trend of consumption upgrading, the high-end market has become a hot spot for the competition in the industry, especially the battle for quantum dot display technology dominated by OLED and QLED has entered a fever. (Comprehensive Economic Information Daily)
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|Review| Not only is the rise in component prices leading to a decline in profits, but the key to sales declines, leading to a bleak industry outlook. In the past, color TVs also promoted sales by selling concepts. Now color TVs are actually a display at home, mainly used for electronic screens. With reduced application scenarios, sales will not go up.
Apple first appointed Managing Director of Greater China
On July 19th, Apple announced the appointment of Vice President of Wireless Technology Ge Yue as Vice President and Managing Director of Greater China. This is a newly created position of Apple, and Ge Yue will report directly to Apple CEO Cook.
According to another disclosure, when Apple is considering allowing users to reward original authors, it is no longer mandatory through the Apple App Store's in-app purchase mechanism. This means that Apple will give up 30% of the rewards for the draw. (Comprehensive Sina Technology)
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| Comments | Yes, Apple has not set up a senior executive role in Greater China, so it has been "not sensible". Previously, Apple's product lines in China were reported separately to the US. Now it is finally "intelligible", at least it has the meaning of more catering to the Chinese market from the corporate management structure.
Ge Yue is a technical woman. She has long been responsible for Apple's wireless technology software engineering team. It is reported that some features of China and iPhone, such as QR code support and SMS fraud prevention, are led by her team.
It is two different things to do technology and market. Whether she can deal with the complicated Chinese market and the political and business environment is not known. But if she contributes to Apple’s renunciation of the system, it means that Apple is still human.
Minmetals Group and China Gold merge or Oolong
On July 19, affected by Minmetals Group and China Gold Group, the relevant stocks collectively strengthened. On the evening, Minmetals Corporation's Minmetals Capital, Minmetals Development 600058, stock bars and other listed companies successively disclosed clarification announcements, indicating that they did not know about the merger, and did not receive any notice from the superior. Zhongjin Gold 600489, shares also issued a similar clarification announcement. (Comprehensive Tencent Finance)
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| Comments | Wednesday's A shares of "coal fly color dance" market, is also stimulated by this news. However, if the relevant clarifications come out, I am afraid they will have to be separated. However, as long as the news is not confirmed, there is still a certain possibility. The clarification announcement of the listed company only fulfills the principle of disclosure. Some of the early mergers of central enterprises have also come out like this.
Shanghai stock index hit a new high of more than three months on Wednesday
On July 19th, the stock indexes of the Shanghai and Shenzhen stock markets opened slightly lower, and then they all went up all the way. No corrections appeared, creating a new high since this market.
At the close, the Shanghai Composite Index rose 1.36% to close at 3,230 points; the Shenzhen Component Index rose 1.9% to close at 10,295 points; the ChiNext rose 1.04% to close at 1,684 points. From the perspective of the disk, coal, brokerages, nonferrous metals, oil and mining sectors and other sectors were among the top gainers. None of the two cities fell, and the whole line rose. (Integrated Sina Finance)
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| Comments | A shares on Wednesday is a typical "coal fly color dance" market, that is, coal and color singer protagonist, but the cyclical stock brokerage sector's gains are also very strong, directly driving market sentiment, showing a general market. The so-called big Yangxian line changes the belief that the black Monday brings serious contusion to the stock market psychology, that is, it needs such a big Yang line to repair.
It is worth noting that although A-shares are still leading stocks on Wednesday, cyclical stocks and GEM are also beginning to show signs of recovery and can participate appropriately.
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