Crutcher
Fang Fenglei, born in 1952 in Hunan province, graduated from Sun Yat - sen University, Harvard University who had served in the United States advanced Fang Fenglei, born in 1952 in Hunan province, graduated from Sun Yat - sen University, Harvard University who had served in the United States advanced . Hopu Investment Management courses, the incumbent chairman, Goldman Sachs Gao Hua Securities, the chairman of Hopu Investment Management courses, the incumbent chairman, Goldman Sachs Gao Hua Securities, the chairman of .
had previously served as vice - president of China International, China International Capital Corporation (Hong Kong), president of BOC International Chief Executive Officer (CEO), Chief Executive Officer of ICEA had previously served as vice - president of China International, China International Capital Corporation (Hong Kong), president of BOC International Chief Executive Officer (CEO), Chief Executive Officer of ICEA . at on the Ministry of Foreign Trade and Economic Cooperation, the Henan foreign trade and economic committees, and was a member of CPC committee of Henan oil and foodstuffs import and export company general manager, general manager of Zhongyuan Guomao, the Central Plains of China, Deputy General Manager of the Group,Yintai Holdings Co Ltd CEO at on the Ministry of Foreign Trade and Economic Cooperation, the Henan foreign trade and economic committees, and was a member of CPC committee of Henan oil and foodstuffs import and export company general manager, general manager of Zhongyuan Guomao, the Central Plains of China, Deputy General Manager of the Group,Yintai Holdings Co Ltd CEO .
involved in China's first futures exchange in Zhengzhou Agricultural Futures Exchange of conceptual design, and presides over China's first real estate securitization products" Sanya real estate investment vouchers" involved in China's first futures exchange in Zhengzhou Agricultural Futures Exchange of conceptual design, and presides over China's first real estate securitization products" Sanya real estate investment vouchers" . Fang Fenglei, led and participated in a number of large projects in capital markets, including China Telecom Hong Kong Telecom, PCCW buyout;China Mobile, China Telecom, China Unicom, PetroChina, Sinopec and CNOOC, Baosteel and other enterprises and list the items such as Fang Fenglei, led and participated in a number of large projects in capital markets, including China Telecom Hong Kong Telecom, PCCW buyout;China Mobile, China Telecom, China Unicom, PetroChina, Sinopec and CNOOC, Baosteel and other enterprises and list the items such as .
Fang Fenglei is" Asia Financial "Asia Financial" in Chinese capital market has been one of the most influential one of ten people ";2008 Euromoney's issue of "Asia's financial services development for Outstanding Contribution" Fang Fenglei is" Asia Financial "Asia Financial" in Chinese capital market has been one of the most influential one of ten people ";2008 Euromoney's issue of "Asia's financial services development for Outstanding Contribution" . in the investment bank's tenure, Mr. Fang has set foot on the equity investment, direct investment in China International Capital Corp (CICC) was the Chairman of the Committee, under the leadership of the completion of the investment project
in March 2008, Mr. Fang's Greater China at KPMG and former, the former senior goldman banker set up hopu, managed the first fund has generated $2.5 billion, the main investors include Temasek, Goldman Sachs, PSA of internationally renowned bodies such as 
Personal History
Inner Mongolian countryside in 1968 to December 1970, enlistment Inner Mongolian countryside in 1968 to December 1970, enlistment . .
. When workers after demobilization returned to Beijing in 1978, Restore the university entrance exam into Department of Sun Yat - sen University, majoring in English and minored in economics graduate When workers after demobilization returned to Beijing in 1978, Restore the university entrance exam into Department of Sun Yat - sen University, majoring in English and minored in economics graduate .
and then assigned to the Ministry of Foreign Trade and Economic Cooperation, the Department of Foreign Trade and Economic of Henan Province in the early 1990s and then assigned to the Ministry of Foreign Trade and Economic Cooperation, the Department of Foreign Trade and Economic of Henan Province in the early 1990s . .
immigrated to the US in 1992, he returned to China in Hainan business immigrated to the US in 1992, he returned to China in Hainan business . 1997 he pushed for China Telecom in Hong Kong, the United States, is listed 1997 he pushed for China Telecom in Hong Kong, the United States, is listed .
2000 PCCW acquired Hong Kong Telecom Planning;Gao Hua Securities Regulatory Commission (CIRC) 2000 PCCW acquired Hong Kong Telecom Planning;Gao Hua Securities Regulatory Commission (CIRC) .
Office Bearer
Chinese literature at Sun Yat - sen University graduate, served in the U.S. Harvard Business School advanced management courses 1993, helped to build the first sino - foreign joint venture in China began at China International Capital Corp, an investment bank, became "the first generation of China's domestic investment banker" 1993, helped to build the first sino - foreign joint venture in China began at China International Capital Corp, an investment bank, became "the first generation of China's domestic investment banker" .
served as vice president of China International Capital Corporation Ltd., BOC International Holdings Ltd., Chief Executive Officer (CEO), China Industrial and Commercial East Asia Finance Holdings Ltd CEO, Goldman Sachs Gao Hua Securities Company Limited and Chairman of the Board as the incumbent , , .
, chairman of Hopu Investment Management Co.
Growing Course
Scrutiny of history, Mr. Fang's preparations for the 1994 China International Capital Corp (CICC), the stock market is not famous at that time. , Southern's A - share market, Guotai and Huaxia, Junan Securities Co., Ltd. and other overseas - listed are Morgan Stanley, BNP Paribas, foreign investment banks like BOCI
Fang Fenglei, not financial simples, no commercial experience, and not overseas returnees Fang Fenglei, not financial simples, no commercial experience, and not overseas returnees . graduated from Sun Yat - sen University, majoring in Chinese, with a minor in economic and trade work graduated from Sun Yat - sen University, majoring in Chinese, with a minor in economic and trade work .
. 's years as a late comer to make the move to the capital markets, why is playing for a decade, was a runaway success?outsiders he is considered a legendary investment banker 's years as a late comer to make the move to the capital markets, why is playing for a decade, was a runaway success?outsiders he is considered a legendary investment banker .
while he himself, but thinks that it is" not considered themselves as bankers, investment banks don't think it is just the start of the project is to make sure that while he himself, but thinks that it is" not considered themselves as bankers, investment banks don't think it is just the start of the project is to make sure that . "elevated storage" "elevated storage" .
the external trade of the experience and achievements also illustrate this point the external trade of the experience and achievements also illustrate this point . in the early 1980s, he left the Ministry to visit Henan province, joined the advisory missions, investigation of the Henan provincial reform in the early 1980s, he left the Ministry to visit Henan province, joined the advisory missions, investigation of the Henan provincial reform .
is leadership, took a fancy to Henan Province's foreign trade department and entrusted him with his leadership of the Central Plains is leadership, took a fancy to Henan Province's foreign trade department and entrusted him with his leadership of the Central Plains . Guomao and Centaline Group,Foreign trade is the pioneer of reform was one of Guomao and Centaline Group,Foreign trade is the pioneer of reform was one of .
he also became the foreign trade system reform in the management system of the team members at he also became the foreign trade system reform in the management system of the team members at . Yang Chang and the like, with the support of the leadership, he participated in the country's first futures exchange in Zhengzhou, the Agricultural Futures Exchange of design and preparation of Yang Chang and the like, with the support of the leadership, he participated in the country's first futures exchange in Zhengzhou, the Agricultural Futures Exchange of design and preparation of .
early 1992, the President of the China Academy of Management in Germany and the market during the Hainan presides over China's first real estate securitization products - one of the real estate investment, and for the Hainan People's Bank of China (PBC) which resulted in the drafting of the "Measures for the Administration of Real Estate Investment voucher" early 1992, the President of the China Academy of Management in Germany and the market during the Hainan presides over China's first real estate securitization products - one of the real estate investment, and for the Hainan People's Bank of China (PBC) which resulted in the drafting of the "Measures for the Administration of Real Estate Investment voucher" . its innovation behavior, has been ranked at the forefront of Fang Fenglei its innovation behavior, has been ranked at the forefront of Fang Fenglei .
according to long - held understanding that in contemporary China, "high water"Gao was to follow the teacher, as well as to hold and participate in China's reform of foreign trade and investment - such as according to long - held understanding that in contemporary China, "high water"Gao was to follow the teacher, as well as to hold and participate in China's reform of foreign trade and investment - such as . The best illustration of the problem, he is in the telecommunications industry to promote several events The best illustration of the problem, he is in the telecommunications industry to promote several events .
1995 after the founding of the People's Republic of China International Capital Corp (CICC), The joint venture, the Investment Bank of China, how to development, the strategy is not clear 1995 after the founding of the People's Republic of China International Capital Corp (CICC), The joint venture, the Investment Bank of China, how to development, the strategy is not clear . Fang Fenglei, to learn the foreign investment banks in the U.S. capital markets experience is to try and keep the industry in the UK, termed the capital market to speak of a state - operated
and come in to find industry, restructuring, with a focus on telecommunications, telecommunications industry and come in to find industry, restructuring, with a focus on telecommunications, telecommunications industry . energy industry at that time still a syncretic system, how to reform the sector which, within a hot disputeOf course. How could domestic and foreign investment banks operation
Once, president of Morgan Stanley Europe's then - chairman of China Construction Bank (CCB), China International Capital Corp (CICC) Chairman Wang Qishan spoke, is preparing a takeover of the British telecommunications company Cable and Wireless, Once, president of Morgan Stanley Europe's then - chairman of China Construction Bank (CCB), China International Capital Corp (CICC) Chairman Wang Qishan spoke, is preparing a takeover of the British telecommunications company Cable and Wireless, . words and developed a strategic vision: Big East Telecommunications Hong Kong Holdings, face 97 regression for the time being, Mr. Wang said: This is the opportunity of Fang Fenglei
. In the mandated push by Wang Qishan, wu jichuan, Lu Ping, Liao Hui, etc with the support of the leadership, CICC worked as a consultant to assist in the first half of 1997, China Telecom has acquired Hong Kong Telecom, part - of - the - match display in the In the mandated push by Wang Qishan, wu jichuan, Lu Ping, Liao Hui, etc with the support of the leadership, CICC worked as a consultant to assist in the first half of 1997, China Telecom has acquired Hong Kong Telecom, part - of - the - match display in the .
let Jin got their first international impact of the project,got their first big customer, but also for the first time began independently bear the project let Jin got their first international impact of the project,got their first big customer, but also for the first time began independently bear the project . takeover needs funds, there is a need for a Hong Kong - registered company, as an outgrowth of that led to the listing of China Mobile (Hong Kong) takeover needs funds, there is a need for a Hong Kong - registered company, as an outgrowth of that led to the listing of China Mobile (Hong Kong) .
scheme is earnings potential, such as clear interface of shift in the moving business, founded in Hong Kong in red - chip companies, stock financing, the part of the funds for the acquisition of scheme is earnings potential, such as clear interface of shift in the moving business, founded in Hong Kong in red - chip companies, stock financing, the part of the funds for the acquisition of . in October 1997, by and between CICC and Goldman Sachs as joint global coordinators, is about over 5 months preparation, aying, including Guangdong, two provinces with mobile communication services of China Mobile (Hong Kong) in Hong Kong, New York - listed in the same period last year, $42,i. e. in Asia (excluding Japan), the biggest - ever IPO
according to the then Ministry of Information Industry Minister Wu Jichuan, China telecom reform just collapsed, but he breaks the process of sweeping reform, and accelerate the peeling of the paging, the division of posts from telecommunications, communication, mobile and fixed network splitting, China Telecommunications' listing according to the then Ministry of Information Industry Minister Wu Jichuan, China telecom reform just collapsed, but he breaks the process of sweeping reform, and accelerate the peeling of the paging, the division of posts from telecommunications, communication, mobile and fixed network splitting, China Telecommunications' listing . in order in this way, the investment of project is the need for reform in the sector;But the project is completed and promoted the reform of the in order in this way, the investment of project is the need for reform in the sector;But the project is completed and promoted the reform of the .
looks slick, straightforward, not profound looks slick, straightforward, not profound . but at the time the complex situation of the breakthrough resistance, inventive, designers must possess certain skills and undoubtedly highly, this falls into the party at the but at the time the complex situation of the breakthrough resistance, inventive, designers must possess certain skills and undoubtedly highly, this falls into the party at the .
In, CICC also straightens out the relationship with the firm Morgan Stanley initially trying to become gold in its investment banking business in China rather than as an independent operation of the home - grown investment banks,But in the gold has been moving in the shift of the listing for the first time entered the international capital markets at Morgan Stanley In, CICC also straightens out the relationship with the firm Morgan Stanley initially trying to become gold in its investment banking business in China rather than as an independent operation of the home - grown investment banks,But in the gold has been moving in the shift of the listing for the first time entered the international capital markets at Morgan Stanley . thereby recognized the independence of Jin in thereby recognized the independence of Jin in .
Fang Fenglei, has the advantage that, for his tenacity and exact grasp of China's capital market development ability in the direction of Fang Fenglei, has the advantage that, for his tenacity and exact grasp of China's capital market development ability in the direction of . ICEA during, let Fang Fenglei releases part of ICBC in ICEA powers, in May 2002, just two months in office, Mr Fang active with Merrill Lynch and Credit Suisse First Boston, negotiate the equity transfer was allegedly ICEA during, let Fang Fenglei releases part of ICBC in ICEA powers, in May 2002, just two months in office, Mr Fang active with Merrill Lynch and Credit Suisse First Boston, negotiate the equity transfer was allegedly .
including HSBC, Lehman Brothers, J.P. Morgan,Salomon Smith Barney and Societe Generale, including a number of world - renowned financial institutions to extend an olive branch to the ICEA because ICBC would not give up his controlling position, all negotiations collapsed in acrimony, Fang Fenglei, will definitely come for overseas talents to work for wages much higher than other employees, and drew a reproach because ICBC would not give up his controlling position, all negotiations collapsed in acrimony, Fang Fenglei, will definitely come for overseas talents to work for wages much higher than other employees, and drew a reproach .
2003 Fang Fenglei leave ICEA, actually is unable to realize the aspirations of the inevitable move 2003 Fang Fenglei leave ICEA, actually is unable to realize the aspirations of the inevitable move . and then at a time of crisis, to assist in the establishment of investment bank Goldman Sachs joint venture Goldman Sachs Gao Hua, have become Fang's in the hands of another round of dominoes debut and then at a time of crisis, to assist in the establishment of investment bank Goldman Sachs joint venture Goldman Sachs Gao Hua, have become Fang's in the hands of another round of dominoes debut .
brand for the time being, foreign investment banks seeking to enter the Chinese market,China's own market Dimi and the original national investment bank collapse, a crisis is brewing in Chinese securities market assets, FDI and enhance competitiveness becomes the inevitable choice of brand for the time being, foreign investment banks seeking to enter the Chinese market,China's own market Dimi and the original national investment bank collapse, a crisis is brewing in Chinese securities market assets, FDI and enhance competitiveness becomes the inevitable choice of . occasion, which is the achievement of the Goldman Sachs Gao Hua, achievement in which mr fang was occasion, which is the achievement of the Goldman Sachs Gao Hua, achievement in which mr fang was .
of the SFC is maximum, while the upper layer of the SAFE's even more essential that of the SFC is maximum, while the upper layer of the SAFE's even more essential that . not Fang Fenglei made history, but history selected Fang Fenglei, a financial experiment test not Fang Fenglei made history, but history selected Fang Fenglei, a financial experiment test .
in early July 2004, Gao Hua Securities Co and Goldman Sachs joint venture with the approval of the plan of the State Council. It has been 9 months Gao Hua Securities Gao Hua Securities .
was formally established on Dec. 2,both sides of the joint venture Goldman Sachs Gao Hua Securities Co., Ltd., and the formal approval from the CSRC Gao Hua Securities with registered capital of more than 8000 yuan, Fang Fenglei and six other people to invest no less than 700 yuan, funds of the loan from Goldman Sachs Gao Hua Securities with registered capital of more than 8000 yuan, Fang Fenglei and six other people to invest no less than 700 yuan, funds of the loan from Goldman Sachs .
to the State Administration of Foreign Exchange approved Fang Fenglei like personally to foreign borrowing means that trading behavior is open to the State Administration of Foreign Exchange approved Fang Fenglei like personally to foreign borrowing means that trading behavior is open . Goldman Sachs owns 33 per cent stake in the joint venture company, the remaining 67% of the shares owned by Gao Hua Securities, Implementation Holdings Goldman Sachs owns 33 per cent stake in the joint venture company, the remaining 67% of the shares owned by Gao Hua Securities, Implementation Holdings .
curve through revolution, to joint venture brokerages of Goldman can obtain identity cards and, in the policy environment permits,Goldman through informal agreements, repurchase has Fang Fenglei, Hua et al. in the high stakes of the option, for the ultimate in China Holdings, a firm of stockbrokers foreshadows the Fang Fenglei, Goldman Gao Hua and joint venture Goldman Sachs Gao Hua Securities chairman, not only become the representatives of the foreign joint ventures, also becoming a domestic securities companies as follows: the stock of adopters who Fang Fenglei, Goldman Gao Hua and joint venture Goldman Sachs Gao Hua Securities chairman, not only become the representatives of the foreign joint ventures, also becoming a domestic securities companies as follows: the stock of adopters who .
"experience,
Early Experiences
Fang's father, a former senior executive positions in the PLA Fang's father, a former senior executive positions in the PLA . "Cultural Revolution" after the start of 1968, Fang Fenglei is the Inner Mongolian countryside to physical work;After 18 years of age, was drafted into the army;Three years after the expiry of the period of military service, they return to Beijing when workers "Cultural Revolution" after the start of 1968, Fang Fenglei is the Inner Mongolian countryside to physical work;After 18 years of age, was drafted into the army;Three years after the expiry of the period of military service, they return to Beijing when workers .
in the "gaokao" system restored, Fang Fenglei, and was admitted to Zhongshan University in the "gaokao" system restored, Fang Fenglei, and was admitted to Zhongshan University . after graduation, was assigned to the Ministry of Foreign Trade and Economic Co - operation and work;After being adjusted to Henan Province Department of Foreign Trade and Economic Cooperation after graduation, was assigned to the Ministry of Foreign Trade and Economic Co - operation and work;After being adjusted to Henan Province Department of Foreign Trade and Economic Cooperation .
Fang is participating in the research activities, the officials in Henan province is eyeing the Fang is participating in the research activities, the officials in Henan province is eyeing the . in Henan during the work, Mr. Fang's was in a position of trust;In 1985, China's Henan Province, who has a foreign trade company general manager, and served as its Economic and Trade Commission, a member of the Standing Committee of Henan Province;China's first futures exchange in Zhengzhou Agricultural Futures Exchange of design and early preparatory 
Investment Expert
in that early 1990s, Fang Fenglei in that early 1990s, Fang Fenglei . immigrated to the US in 1992 after returning to China Academy of Management in Germany and the identity of the market in Hainan Province presided over the planning for the first Chinese real estate securitization products" Sanya property investment certificates", and "Hainan People's Bank of China (PBC)" resulted in the drafting of the "Measures for the Administration of Real Estate Investment voucher" immigrated to the US in 1992 after returning to China Academy of Management in Germany and the identity of the market in Hainan Province presided over the planning for the first Chinese real estate securitization products" Sanya property investment certificates", and "Hainan People's Bank of China (PBC)" resulted in the drafting of the "Measures for the Administration of Real Estate Investment voucher" .
1993, Fang Fenglei, they took part in the establishment of the China's first joint venture investment bank China International Capital ", and is now a vice president of China International Capital Corporation Ltd, started to become an investment banker and 1993, Fang Fenglei, they took part in the establishment of the China's first joint venture investment bank China International Capital ", and is now a vice president of China International Capital Corporation Ltd, started to become an investment banker and . 1995, Fang Fenglei, worked in China International Capital Corp (CICC), BOCI,ICEA in China and two other top investment banks have a senior management role at the bank's investment - banking career 1995, Fang Fenglei, worked in China International Capital Corp (CICC), BOCI,ICEA in China and two other top investment banks have a senior management role at the bank's investment - banking career .
, Fang Fenglei, led and participated in a number of large projects in capital markets, including China Telecom Hong Kong, the Hong Kong - listed China Mobile, PetroChina's overseas listing, and China Unicom, Sinopec, Baosteel and other enterprises has becoming a public company, China National Offshore Oil Company in New York and Hong Kong dual listing of items such as , Fang Fenglei, led and participated in a number of large projects in capital markets, including China Telecom Hong Kong, the Hong Kong - listed China Mobile, PetroChina's overseas listing, and China Unicom, Sinopec, Baosteel and other enterprises has becoming a public company, China National Offshore Oil Company in New York and Hong Kong dual listing of items such as . therefore, Fang Fenglei, had been "Asia Financial" as" the capital market of the ten most influential people in one of the "2007 therefore, Fang Fenglei, had been "Asia Financial" as" the capital market of the ten most influential people in one of the "2007 .
,In the chinese government began promoting the development of homegrown private equity fund environment, Mr. Fang's and KPMG's former, and the former senior goldman banker Richard co - founded the "hopu investment management", which started with $25
Position Change
1995 to 2000, he served as vice - president of China International Finance Corporation (IFC);From 2000 to 2001, he served as president of BOCI Research;From 2001 to 2002, and went on to Harvard University who studies;2002 to September 2003, he served as president of ICEA;From 2004 to 2007 served as a member of Goldman Sachs Gao Hua Securities Co., Ltd., chairman of the board of directors of the Company;Since 2007, he served as chairman of Hopu Investment Management Co.
Personal Evaluation
"Asia Financial" the Law of the People's Republic of China on China's capital market has been one of the most influential one of ten ""Asia Financial" the Law of the People's Republic of China on China's capital market has been one of the most influential one of ten ".
Big Deal
to buy Mengniu's case, and the investment fund jointly set up a new company, COFCO Group has a shareholding which is 70 per cent, 30 per cent equity held by Hopu, Mengniu respectively to subscribe for new and old shareholders to buy existing shares, with a total investment of HK $61, this is by far China's biggest food trading to buy Mengniu's case, and the investment fund jointly set up a new company, COFCO Group has a shareholding which is 70 per cent, 30 per cent equity held by Hopu, Mengniu respectively to subscribe for new and old shareholders to buy existing shares, with a total investment of HK $61, this is by far China's biggest food trading . Fang Fenglei's absence is more of a conscious Fang Fenglei's absence is more of a conscious .
hopu investment, is the third time this year that hopu investment, is the third time this year that . spook markets a month ago,by the Hopu - led investor group at Bank of America took the hands of 135 1.09 billion shares of CCB's H shares
price up to $7.3 billion of the deal is Hong Kong's biggest share sale the end of January 2009, Magnolia officinalis from Royal Bank of Scotland to hand out like Bank of China's Hong Kong - listed shares of the stock portion, the entire transaction involves money, 6. 5
$25 billion downpayment of Honokiol fund scale, since its formation in 2007, Magnolia has been simmering beneath the surface, although the first in Mongolia to $130 million investment in an iron - ore,But until this year to have these "big ideas" $25 billion downpayment of Honokiol fund scale, since its formation in 2007, Magnolia has been simmering beneath the surface, although the first in Mongolia to $130 million investment in an iron - ore,But until this year to have these "big ideas" . Even in a minority of the public to attend, Mr. Fang also to" private "and" Magnolia officinalis and do - it - yourself trading punts on
insiders, Mr. Fang's current problem is how to find these equity "at the" home sold private equity fund of funds use period is a time - limited, in particular, how the commercial secrets and the private equity fund of funds use period is a time - limited, in particular, how the commercial secrets and the .
that stock, it is not possible to buy bulk on the secondary market for selling hash, otherwise the secondary market price will fluctuate wildly abroad generally will have a similar "wholesaler"the role of the market system of the securities market of our country two years ago that stock, it is not possible to buy bulk on the secondary market for selling hash, otherwise the secondary market price will fluctuate wildly abroad generally will have a similar "wholesaler"the role of the market system of the securities market of our country two years ago . design also provided block - trading venues, but in comparison with foreign countries and there are also many other design also provided block - trading venues, but in comparison with foreign countries and there are also many other .
grip on Fang's current predicament is just a piece of cake in the grip on Fang's current predicament is just a piece of cake in the . originally planned 100 billion yuan of equity funds did not finance establishment, though it is Fang Fenglei deviated from his planned orbit the most passive things originally planned 100 billion yuan of equity funds did not finance establishment, though it is Fang Fenglei deviated from his planned orbit the most passive things .
1 1.
Before Becoming A Banker
Fang's name is at this stage, and large transactions tied to Fang's name is at this stage, and large transactions tied to . 1985, 33, Fang Fenglei is the cadre at bureau level, he was general manager of the Henan foreign trade 1985, 33, Fang Fenglei is the cadre at bureau level, he was general manager of the Henan foreign trade .
Fang Fenglei in 1968 in Inner Mongolia to the countryside, or enlist in the army two years after Fang Fenglei in 1968 in Inner Mongolia to the countryside, or enlist in the army two years after . in 1978, when a worker's Fang Fenglei, and was admitted to Zhongshan University, majoring in English and minored in economics graduate behind in 1978, when a worker's Fang Fenglei, and was admitted to Zhongshan University, majoring in English and minored in economics graduate behind .
Fenglei division to the Ministry of Foreign Trade and Economic Co - operation and work, and later participated in tours of Henan investigation during the reform, the leadership is eyeing China's Henan Province, Henan Province to the trade of Fenglei division to the Ministry of Foreign Trade and Economic Co - operation and work, and later participated in tours of Henan investigation during the reform, the leadership is eyeing China's Henan Province, Henan Province to the trade of . Fang Fenglei, the energy in this period made their mark, fonder of him,The largest of the four foreign trade and international trust company that was brought together, as well as the establishment of the Central Plains, ITC and Centaline Group, he also became a member of the foreign trade restructuring team Fang Fenglei, the energy in this period made their mark, fonder of him,The largest of the four foreign trade and international trust company that was brought together, as well as the establishment of the Central Plains, ITC and Centaline Group, he also became a member of the foreign trade restructuring team .
mr fang was involved then that is the first futures exchange in Zhengzhou and the preparations for the design, and finance career first became associated with mr fang was involved then that is the first futures exchange in Zhengzhou and the preparations for the design, and finance career first became associated with . Fang Fenglei, soon coming to the United States, this study abroad to become a member of the Fang Fenglei, the most important thing in life is the transition from Fang Fenglei, soon coming to the United States, this study abroad to become a member of the Fang Fenglei, the most important thing in life is the transition from .
he bid farewell to a promising career, becoming a "merchant banker is not to be in a self - styled" he bid farewell to a promising career, becoming a "merchant banker is not to be in a self - styled" . returned from the United States, Mr. Fang's hometown in Hainan en route to
commentators say, Mr. Fang's successful experience is one of attention"High Water", the accumulate experiences and human relations, "Gao follow the teacher" in September 1999, the U.S. - listed China National Offshore Oil Corp (CNOOC), with the result that investors in its offshore oil franchises in the jaws of victory in the heckling
second listing when then - president of BOCI meet Wei Liucheng, Fang Fenglei, I say to them: "I remember when it went public in 1999 and failed once sealed fax you sent me, encourage me second listing when then - president of BOCI meet Wei Liucheng, Fang Fenglei, I say to them: "I remember when it went public in 1999 and failed once sealed fax you sent me, encourage me ." 2004 Fang Fenglei, Hainan Securities was tasked with resolving the crisis, and led out of the Goldman Sachs Gao Hua of the establishment,Wei Liucheng, Hainan governor then occupying the " 2004 Fang Fenglei, Hainan Securities was tasked with resolving the crisis, and led out of the Goldman Sachs Gao Hua of the establishment,Wei Liucheng, Hainan governor then occupying the .
In addition, Fang Fenglei and top economist liu guoguang having an intimate relationship In addition, Fang Fenglei and top economist liu guoguang having an intimate relationship . soon, Mr. Fang's career is the most important experience, began their whirlwind in the colorful lives of
1 1.
In The Golden Years
1992 mid - winter, while in Delaware to attend the wedding of the brother a chance, Mr. Fang's by the economist liu guoguang, met with then - World Bank Beijing Office of Widnell Bankㄙs someone later wrote, "and the two get along quite well, spent many hours discussing the financial and economic problems someone later wrote, "and the two get along quite well, spent many hours discussing the financial and economic problems .
once with them to visit the National Zoo in Washington, standing in front of the giant panda, they discussed the establishment of the People's Republic of China from an investment bank owned by the financial services industry to provide basis for the idea of a" modern - day China for up to $2 trillion of foreign exchange reserves but the beginning of the 1990s of China,still very short of money once with them to visit the National Zoo in Washington, standing in front of the giant panda, they discussed the establishment of the People's Republic of China from an investment bank owned by the financial services industry to provide basis for the idea of a" modern - day China for up to $2 trillion of foreign exchange reserves but the beginning of the 1990s of China,still very short of money . two in Shanghai and Shenzhen stock exchanges had a fledgling level, find out about the big foU.S. ate - owned banks are almost all sources of funds for the enterprise of
some large enterprises want to achieve leapfrog development, only overseas financing way some large enterprises want to achieve leapfrog development, only overseas financing way . but by the lack of the completion of this task of his investment - banking but by the lack of the completion of this task of his investment - banking .
the end of 1993, Bankㄙs to domestic submitted a "with respect to the application of Sino - foreign joint - venture investment, according to the report," the end of 1993, Bankㄙs to domestic submitted a "with respect to the application of Sino - foreign joint - venture investment, according to the report," . soon, Mr. Fang's Northward to participate in the preparations for the China International Capital Corp (CICC)
initially, to consider the foreign partner is Goldman Sachs, but goldman's insistence on the sole,So Morgan Stanley to become the final selection of initially, to consider the foreign partner is Goldman Sachs, but goldman's insistence on the sole,So Morgan Stanley to become the final selection of . On 25 June 1995, CICC was founded, Wang served as the chairman of CICC, Morgan one of their chief by On 25 June 1995, CICC was founded, Wang served as the chairman of CICC, Morgan one of their chief by .
Morgan come to terms with the China International Capital Corp (CICC) is a mainland of Thomond, and Mr. Wang hopes more with China International Capital Corp (CICC) is an independent company, China International Capital Corp (CICC) in Chinese and foreign relations of struggle and therefore extremely complicated Morgan in 3 years his 5 serving as president, finally giving up, instead of carting it - and that's continued presence in Morgan in 3 years his 5 serving as president, finally giving up, instead of carting it - and that's continued presence in .
Fang Fenglei, although only the vice president, but his business - critical impetus to a tremendous wealth of creativity and entrepreneurship,and the control of the company, making it the de facto management of CICC Fang Fenglei, although only the vice president, but his business - critical impetus to a tremendous wealth of creativity and entrepreneurship,and the control of the company, making it the de facto management of CICC . though no investment banking experience, but Fang Fenglei, and those of Wall Street investment banking elite of markedly different style of work and a better fit for this ancient Chinese State though no investment banking experience, but Fang Fenglei, and those of Wall Street investment banking elite of markedly different style of work and a better fit for this ancient Chinese State .
former China correspondent for The Wall Street Journal (McGregor) in his" One Billion Customers" line in his book, Morgan and "CICC expat bankers once despised by Fang Fenglei,think he's the one on financial transactions and capital market ignorant hayseed former China correspondent for The Wall Street Journal (McGregor) in his" One Billion Customers" line in his book, Morgan and "CICC expat bankers once despised by Fang Fenglei,think he's the one on financial transactions and capital market ignorant hayseed . won't be long before they understand that he is not proficient in the Chinese commercial style of the masters, and they knew nothing of this style of " won't be long before they understand that he is not proficient in the Chinese commercial style of the masters, and they knew nothing of this style of ".
", the bankers, a message of hope for business with Western characteristics of straight down the middle of the field of training and then follow ", the bankers, a message of hope for business with Western characteristics of straight down the middle of the field of training and then follow . they find Fang Fenglei and potential sitting around, smoking until fairly late they find Fang Fenglei and potential sitting around, smoking until fairly late .
Fang Fenglei, know how to make the customer to open up to tell him what they're worried about, what are they like Fang Fenglei, know how to make the customer to open up to tell him what they're worried about, what are they like . He knew these people in different career stages need to do different things and He knew these people in different career stages need to do different things and .
the recognition of customers by Fang Fenglei,trust Fang Fenglei the recognition of customers by Fang Fenglei,trust Fang Fenglei . "in October 1997, China Mobile's fourth - largest lender by assets, on the Stock Exchange and the NYSE;Issue 27. 7 billion, to finance 42. 2 billion in gold
are joint global coordinators, joint lead manager, co - sponsors of the are joint global coordinators, joint lead manager, co - sponsors of the . It was the Asia ex - Japan's biggest IPO, "the entire communication process can write a book, but Fang Fenglei in 5 months time communicate everything It was the Asia ex - Japan's biggest IPO, "the entire communication process can write a book, but Fang Fenglei in 5 months time communicate everything .
" Fang Fenglei fame " Fang Fenglei fame . thereafter, in April 2000, Chinese Petroleum, China Unicom in June, October of SINOPEC, in April 2000, Sina.com 's fourth - largest lender by assets, a CICC are of course just a part of the
"Mr. Fang is these transactions are the only true creator of "Fang will these transactions outside of the underwriting half gave Goldman Sachs instead of Morgan, to the disappointment of the Morgan dropped out of the China International Capital Corp (CICC), and became a financial investor "Fang will these transactions outside of the underwriting half gave Goldman Sachs instead of Morgan, to the disappointment of the Morgan dropped out of the China International Capital Corp (CICC), and became a financial investor .
1 1.
Goldman Sachs Gao Hua Fengyun
Fang Fenglei, left CICC in 2000, in International's Hong Kong and ICEA stopover in 2004, after tapping the markets again Fang Fenglei, left CICC in 2000, in International's Hong Kong and ICEA stopover in 2004, after tapping the markets again . disposable out 5 billion yuan for Hainan Securities solve the misappropriation of margin black hole, followed by Morgan to enter the Chinese market 10 years later, Goldman Sachs has bought himself a second "tickets" disposable out 5 billion yuan for Hainan Securities solve the misappropriation of margin black hole, followed by Morgan to enter the Chinese market 10 years later, Goldman Sachs has bought himself a second "tickets" .
8 September 2004, subject to the approval of the CSRC in Beijing Gao Hua Securities Company Limited, Fang Fenglei, a natural person established on the basis of the three companies to the Goldman Sachs loan of 1 billion (then $8 billion RMB),Gao Hua Securities holds a 75% stake in 8 September 2004, subject to the approval of the CSRC in Beijing Gao Hua Securities Company Limited, Fang Fenglei, a natural person established on the basis of the three companies to the Goldman Sachs loan of 1 billion (then $8 billion RMB),Gao Hua Securities holds a 75% stake in . This is the first time the NDRC delayed approval of the international commercial loans borrowed by individuals This is the first time the NDRC delayed approval of the international commercial loans borrowed by individuals .
and then Goldman Sachs Gaohua Securities, Goldman Sachs Gao Hua, Goldman 33% shareholding, Gao Hua Securities 67% shareholding, joint - venture company by Fang Fenglei, Dong became the head of the psb's and then Goldman Sachs Gaohua Securities, Goldman Sachs Gao Hua, Goldman 33% shareholding, Gao Hua Securities 67% shareholding, joint - venture company by Fang Fenglei, Dong became the head of the psb's . Goldman in 130 years of history, establish Chinese - foreign joint - venture company with almost no Goldman in 130 years of history, establish Chinese - foreign joint - venture company with almost no .
Goldman cited as the reason, financial institutions play a strong role in the culture, but this time Goldman cited as the reason, financial institutions play a strong role in the culture, but this time . cannot venture, Goldman put himself in a Chinese market that is invested in and Fang Fenglei team cannot venture, Goldman put himself in a Chinese market that is invested in and Fang Fenglei team .
for outsiders to take attention to the personal to the Goldman Sachs loan,China's policy is not to allow a private loan, the loan is not capitalized, otherwise in violation of the General Rules of Loans and for outsiders to take attention to the personal to the Goldman Sachs loan,China's policy is not to allow a private loan, the loan is not capitalized, otherwise in violation of the General Rules of Loans and . domestic banks want to make this loan, but policy obstacles is unable to go on the domestic banks want to make this loan, but policy obstacles is unable to go on the .
NDRC approved loans to Goldman Sachs, are also desirable in this context to a test of the international commercial loan NDRC approved loans to Goldman Sachs, are also desirable in this context to a test of the international commercial loan . After all personal and does not increase the countries' external liabilities After all personal and does not increase the countries' external liabilities .
Victor Is Not To Blame
In 2007, Honokiol Fund completed raising $2.5 billion, Mr. Fang's still with Goldman's chairman, is still at stake, but he and focus more on Magnolia on International 17, and 18 layers of Goldman Sachs Gao Hua, Fang Fenglei has been going for, then, Mr. Fang's put the Big5 carving of "Magnolia" logo is not conspicuously hang in a layer - 3) is not a large office, a modest, understated
in the Hopu Fund established at the same time, Mr. Fang's efforts for the establishment of the scale of tens of billions yuan of equity funds, but due to domestic policy and limit the concept of equivalence, Hopu Fund was the first to establish a large domestic brokerage chairman says,Most domestic funds are concentrated in the hands of the state, none of the rest under private management, "Why let them earn some money?"Also," to Joe not to John Doe, explain, and chairman says,Most domestic funds are concentrated in the hands of the state, none of the rest under private management, "Why let them earn some money?"Also," to Joe not to John Doe, explain, and .
"" male anything good, says "" male anything good, says . "Bohai Industrial Fund and for the same reason, also was not conceived in the context of the scale of money to fund domestic "Bohai Industrial Fund and for the same reason, also was not conceived in the context of the scale of money to fund domestic .
only CDH and Hony only CDH and Hony . established private - equity fund, originally by Fang Fenglei perfect domestic market is structured in a way that the continuation of the idea, but now the sound of foreign capital, foreign capital entering domestic market not only deregulated swaps also would increase costs, so Fang's Hopu Fund is more in the market operation, operation space is limited,but also deviates from the original plans, though certainly not established private - equity fund, originally by Fang Fenglei perfect domestic market is structured in a way that the continuation of the idea, but now the sound of foreign capital, foreign capital entering domestic market not only deregulated swaps also would increase costs, so Fang's Hopu Fund is more in the market operation, operation space is limited,but also deviates from the original plans, though certainly not .
Fang Fenglei finale at Fang Fenglei finale at . still questioned Fang Fenglei at a discount of 4. 2 HK to buy stake in China Construction Bank (CCB), Fang Fenglei does not excuse himself for
For Fang Fenglei, she's doing all the things there are approved by the government and the business rules and strictly adheres to the For Fang Fenglei, she's doing all the things there are approved by the government and the business rules and strictly adheres to the . perhaps he was firmly of the opinion that, in the more distant future, about what exactly in an economically advantageous not, time will give the answer perhaps he was firmly of the opinion that, in the more distant future, about what exactly in an economically advantageous not, time will give the answer .
. After all, the victor is not to blame 1 1.
Hopu Capital
Hopu Was Founded
In November 2007, Mr. Fang's initiated the Hopu Fund, which funds a $2 billion, led by Hopu Investment Management Co., will be the general partner of according to international practices, general partners are also made part of the investment, to be used is generally in the range of 1% - 3% according to international practices, general partners are also made part of the investment, to be used is generally in the range of 1% - 3% .
then, sources have said the fund will be Singapore's Temasek Holdings to raise about $1bn of investment support then, sources have said the fund will be Singapore's Temasek Holdings to raise about $1bn of investment support . that after six months, until 20 June Magnolol dollar fund (Master Fund I, L.P.) and eventually completed a financing plan
despite overseas sales,But the subscription is still overwhelming with Hopu raised $2.5bn, including Singapore's Temasek Holdings, Inc., Goldman Sachs, Shell's pension fund and other famous overseas institutional investors
Magnolia Team
three founding partners: Goldman Sachs Gao Hua Securities Co., Ltd., Chairman by Fang Fenglei, former KPMG China and Hong Kong. Mr. Ho, chairman and former Goldman Sachs co - head of investment banking Asia Ong Ho, born in 1950, and emigrated to the United States, a Master of Science at the University of Houston, in 1975 to join KPMG in 1985 and became a partner in 1981, came to China, and by providing advisory services to Ho, born in 1950, and emigrated to the United States, a Master of Science at the University of Houston, in 1975 to join KPMG in 1985 and became a partner in 1981, came to China, and by providing advisory services to .
and Fellow of the American Institute of Certified Public Accountants, the Hong Kong Institute of Certified Public Accountants. former KPMG senior partner of Beijing former KPMG senior partner of Beijing .
Ong. The Singaporean Chinese,Zeng was appointed as CEO of Goldman Sachs Gao Hua, but at the end of August 2007, when, because of the difficulty facing the Chinese form of qualification, while the "concubine to quit, and was also being called as a joke, but, in retrospect, we probably just abandon a Goldman Sachs banker Fang Fenglei pretext but, in retrospect, we probably just abandon a Goldman Sachs banker Fang Fenglei pretext .
Mountain Of Magnolia Officinalis Rehd Et Wils
Magnolia officinalis from its inception in 2007, has kept a low profile, only on several occasions, the action will not come as a big Magnolia officinalis from its inception in 2007, has kept a low profile, only on several occasions, the action will not come as a big . wherein in early May last year, once at a cost of about $2 billion, a Mongolian mining company's convertible bonds under the name wherein in early May last year, once at a cost of about $2 billion, a Mongolian mining company's convertible bonds under the name .
Long Ming - Hong Kong - invested company, had planned to list in Hong Kong, and have found the Morgan Stanley and Credit Suisse as a sponsor, but has yet to produce the stairs creaked Long Ming - Hong Kong - invested company, had planned to list in Hong Kong, and have found the Morgan Stanley and Credit Suisse as a sponsor, but has yet to produce the stairs creaked . another action, is planned in cooperation with the National Materials Group, a stake in the unlisted business owned by cement, then the backdoor listings - - but another action, is planned in cooperation with the National Materials Group, a stake in the unlisted business owned by cement, then the backdoor listings - - but .
,In the final the two sides failed to agree on a valuation failed to make ,In the final the two sides failed to agree on a valuation failed to make . at the beginning of this year's five billion yuan was from the lower nano - BOC (3988) shares, already is, "to be printed is gwine again led all accepted 500 yuan of the total number of CCB shares, but the city stunned at the beginning of this year's five billion yuan was from the lower nano - BOC (3988) shares, already is, "to be printed is gwine again led all accepted 500 yuan of the total number of CCB shares, but the city stunned .
has been questioned, Magnolia officinalis from 2007 to date, but which raised about 200 billion yuan to private equity in major acquisitions where the funds came from very suspect has been questioned, Magnolia officinalis from 2007 to date, but which raised about 200 billion yuan to private equity in major acquisitions where the funds came from very suspect . 2 2.
Other Related
Fang's investment law 1, all the investment that we have a core, is China, and we've never done any of the items that have nothing to do with Chinese theme Fang's investment law 1, all the investment that we have a core, is China, and we've never done any of the items that have nothing to do with Chinese theme . 2, you see all of buffett investment principles, in fact, there's a saying you don't understand any of it, to understand also that no one did, is not cooked do not 2, you see all of buffett investment principles, in fact, there's a saying you don't understand any of it, to understand also that no one did, is not cooked do not .
his investment in Coca - Cola, the razor which he does, it is familiar, familiar with the company, people familiar with the his investment in Coca - Cola, the razor which he does, it is familiar, familiar with the company, people familiar with the . 3, we do this, BOC, CCB, have a relation to others really different: shares his own judgment, of Row 1, ends up with 4.7 HKD, CCB 4. 2 of the Hong Kong dollar, the analysis of half a year,All the data shows that more than 4
for money, good investment actually nobody competition for money, good investment actually nobody competition . 5, PE of spirit be with private, LP and GP has been negotiated in private, there is no limitation of Magnolia officinalis Rehd. et Wils. Only $25, but the functioning of the 80 billion project
nor did anyone suggest PE may not vote in listed companies, we are part of the Bank of Scotland, Bank of America have been individually negotiated nor did anyone suggest PE may not vote in listed companies, we are part of the Bank of Scotland, Bank of America have been individually negotiated . 6, I, as President of the Institute of PE in Beijing, in hopes the healthy development of the industry needs to do some of the building, but as far as Magnolia, is a little put investors' money, let him make money, it's as simple as that 6, I, as President of the Institute of PE in Beijing, in hopes the healthy development of the industry needs to do some of the building, but as far as Magnolia, is a little put investors' money, let him make money, it's as simple as that .
7,We had not thought about that much, then the vision target is the ability to provide enterprise - class based on the best financial services thought is this 7,We had not thought about that much, then the vision target is the ability to provide enterprise - class based on the best financial services thought is this . .
You can think of?An industry, one company save China?You can't expect that of You can think of?An industry, one company save China?You can't expect that of . 8, China now has a home in the 1940s and PE, of "letting a hundred flowers bloom, the last market it was sure to be the size of the coexistence of 8, China now has a home in the 1940s and PE, of "letting a hundred flowers bloom, the last market it was sure to be the size of the coexistence of .
America and thousands of PE, but also more than a dozen large America and thousands of PE, but also more than a dozen large . 9, we do one's own business 9, we do one's own business .
Old Liu Hongyi made Zoomlion, telling the truth, we do feel it kind of hard to say Old Liu Hongyi made Zoomlion, telling the truth, we do feel it kind of hard to say . industry investment is private but with CDH, painting a less good grasp of Hongyi, and grasp pick up Yan Yan of SAIF industry investment is private but with CDH, painting a less good grasp of Hongyi, and grasp pick up Yan Yan of SAIF .
10 now isn't the time to review our experience, 15 years and this is something worth saying?Also in an accumulation of the process, no kung - fu; moreover, it was not qualified to think about those things behind 10 now isn't the time to review our experience, 15 years and this is something worth saying?Also in an accumulation of the process, no kung - fu; moreover, it was not qualified to think about those things behind . Why do I say's financial and business officials, on thin ice?You waiting for the money!money for money is one of the hardest things in the world Why do I say's financial and business officials, on thin ice?You waiting for the money!money for money is one of the hardest things in the world .
