Source: Financial Information
ATFX dynamics: On September 27th, 2022, local time, the Duke of Edinburgh Golf Cup (British Finals), led by the British royal family, officially started. Its main goal is to raise funds through national amateur golf tournament plans around the world to benefit young people and children in need around the world. This tournament is open to golf lovers all over the world, and it is divided into two stages: the preliminaries and the finals. This ATFX will appear in the 2022 British Finals, as well as the 2023 British and Mexican preliminaries, and practice a company’s social responsibility with practical actions. As a caring broker of contracts for differences, ATFX has once again become a sponsor of the event and has met the event for five consecutive years.
▲ATFX for the picture
Different from the usual events, this year’s events not only attracted the attention of many professional golfers, but also attracted many amateurs. As a sponsor of this tournament, ATFX also sent excellent players to participate in the competition, competing on the same stage with golf lovers and accomplished professional players all over the world. It is worth mentioning that in every game, different "dark horses" staged wonderful skill competitions, which also increased the interest of the event and the participation of players.
Not only that, ATFX also prepared a variety of stadium supplies for the contestants. Taking the basic supplies of the competition as an example, it customized and prepared exclusive golf balls, golf club bags, handbags, hats and towels for the contestants. ATFX brand can be seen from the entrance of the stadium to the whole stadium, which not only reflects the organizers’ attention to ATFX, but also is another friendly witness after we met with the Aijue Cup for five years.
▲ATFX for the picture
As a heavy sponsor of the event, Weems Chan, global marketing and brand director of ATFX, Matt Porter, operation director of professional customer service department of ATFX UK institutions, Marc Taylor, senior account manager of professional customer service department of ATFX UK institutions, and other members all appeared on the field to cheer for the next event. Among them, Marc Taylor and Matt Porter also participated in the Aijue Cup as players in this competition, and discussed their skills with golf enthusiasts on the field.
ATFX has been holding hands with Aijue Cup for five years.
Since 2018, ATFX has joined hands with Duke of Edinburgh Cup for five consecutive years to support this particularly "loving" activity with practical actions, which embodies the brand’s corporate social responsibility (CSR) concept of "value growth and giving back to society". As a highly active financial technology broker in the UK, ATFX has not only made great efforts in financial technology, but also actively participated in sports and charity. From 2018 to 2022, ATFX has helped young people all over the world with care and support. It is reported that it has sponsored more than 4,500,000 pounds in cash and helped 10,000 young people live a better life.
▲ATFX for the picture
In the second quarter of 2022, according to the report published by Finance Magnates, the authoritative media in the industry, ATFX ranked sixth in the world with the leading MT4 transaction volume, and the brand development momentum continued in the new quarter, and its own drift team was established in September. All these actions indicate that the brand will enter a period of rapid development. In sports events, the brand still maintains a high degree of enthusiasm. As can be seen from the continuous cooperation with the Aijue Cup, ATFX is highly recognized by its concept of advocating positive and caring for vulnerable groups, and the cooperation between top events and top brands will also form a strong alliance, which will not only promote the process of the final of the British Aijue Cup, but also provide a good platform for ATFX to display.
As an active promoter and practitioner of public welfare undertakings, ATFX has been involved in public welfare undertakings, from caring for the physical and mental health of children, teenagers to the elderly, to caring for students, helping environmental protection and ecological poverty alleviation to public health and safety. The brand’s charitable footprint has spread all over China, Britain, South Korea, Mexico and Southeast Asia and other countries and regions. In the face of social charity, ATFX often conveys the warmth of the enterprise with simple love, and supports charities everywhere with practical actions. An important reason why the Aijue Cup can continue to join hands with us is that we love and love to participate in charity. Similarly, ATFX also loves to cooperate with world-class charities and contribute to charity around the world.
Everyone gathers firewood, and ATFX has been well aware of this point since the brand was founded, so that it has always paid attention to public welfare and practiced it in the process of enterprise development. In the future, ATFX will continue to pay attention to charity, cooperate with charitable foundations in many ways, continuously increase investment in charity, take more social enterprise responsibilities with practical actions, and light up the love lights in more people’s hearts with actions, so that the power of love will become stronger and stronger.
Cctv newsAccording to China Weather Network, at present, most of northern China is experiencing a strong cold air activity, and this cold air will continue to move eastward today and tomorrow (December 6-7). Due to the overall influence of cold air to the east and north, the cooling time is short. Although the temperature in some areas such as northwest, north China and Huanghuai fluctuates, it will not completely reverse the current high temperature situation. In addition, in the next three days, most areas in China will still maintain the pattern of scarce precipitation.
Cold air actively "opens" the temperature in many places in the north is like riding a roller coaster.
Yesterday, a strong cold air appeared, affecting most parts of northern China from west to east. Monitoring shows that at 06: 00 today, compared with 06: 00 yesterday, the temperature in central and eastern Inner Mongolia, northwestern Shanxi, northwestern Hebei and northwestern Heilongjiang dropped by 4 ~ 8 C, and the local drop exceeded 10 C.
Today and tomorrow, this cold air will continue to move eastward. Inner Mongolia, Northeast China, northern Xinjiang and other places will have a temperature drop of 4 ~ 8 C. Among them, the temperature drop in eastern Inner Mongolia and Heilongjiang can reach 10 ~ 14 C, and the local temperature will exceed 14 C. In addition, during the day, there will be 4 ~ 5 winds in parts of Inner Mongolia, North China, Huanghuai and Northeast China, with gusts of 7~8. There will be sand or dusty weather in parts of western Inner Mongolia, eastern Gansu, Ningxia, north-central Shaanxi, most of Shanxi, southern Hebei, north-central Henan and western Shandong.
However, due to the overall influence of this cold air to the east and north, the cooling time is short. Although the temperature in some areas such as northwest, north China and Huanghuai fluctuates, it will not completely reverse the current high temperature situation. It is estimated that on the 8th, the highest temperature in Shijiazhuang will reach 21℃, in Jinan 20℃, in Zhengzhou 23℃ and in Hefei 23℃, and the warmth will be rare in the same period of the year.
Looking forward to the later period, there will be a cold air relay from the 8 th to the 9 th, and this cold air will go deeper south. By then, the temperature in Inner Mongolia, North China, Huanghuai and Northeast China will drop by 4 ~ 8℃ one after another, and the temperature drop in eastern Inner Mongolia and south-central Northeast China will reach more than 10℃.
In the next three days, most of China’s precipitation is scarce, and the development of rainfall in the south has increased since the 9 th
Compared with cooling, the rain and snow weather brought by cold air in the northern region is slightly inferior. Yesterday, only small to medium snow or sleet appeared in parts of northern Xinjiang, northwestern Heilongjiang and eastern Tibet.
In the next three days, most areas in China will still maintain the pattern of scarce precipitation. Among them, today and tomorrow, due to the influence of cold air, there will be small to medium snow or sleet in the northeastern part of Inner Mongolia, the northern and eastern parts of Northeast China, and the northern Xinjiang, and the local area will be as big as blizzard; The rainy weather in the south will increase again from the 9th.
Specifically, the Central Meteorological Observatory predicts that today, there will be small to medium snow or sleet in parts of northeastern Inner Mongolia, northwestern and eastern Heilongjiang, eastern Jilin, eastern Liaoning, northern and eastern Xinjiang, eastern Tibet, southern Sichuan Plateau and northwestern Yunnan, among which there will be heavy snowstorms in eastern Jilin and northern Xinjiang. There is light rain in parts of southern Sichuan, most of Yunnan, southeastern Guangxi, southern Guangdong, Hainan Island and Taiwan Province Island, among which there is moderate rain in the eastern part of Taiwan Province Island.
Tomorrow, there will be small to medium snow or sleet in parts of eastern Inner Mongolia, central and western Heilongjiang, northern Xinjiang, eastern Tibet, southern Sichuan Plateau and northwestern Yunnan. Among them, there will be heavy snowstorms in Ili Valley of Xinjiang and southeastern Tibet. There are small to moderate rains in parts of southern Tibet, southern Sichuan, central and western Yunnan and Taiwan Province Island, among which there is heavy rain in western Yunnan.
The day after tomorrow, there will be small to medium snow or sleet in parts of northeastern Inner Mongolia, most of Heilongjiang, central Jilin, northern Xinjiang, eastern Tibet and western Sichuan Plateau. Among them, there are heavy snowstorms in parts of northern Heilongjiang, Ili Valley in Xinjiang, eastern Tibet and southern western Sichuan Plateau. There are small to moderate rains in parts of southeastern Tibet, southern Sichuan Plateau, most of Yunnan, Sichuan Basin, northeastern Guizhou, Hunan, southern Hubei, north-central Jiangxi, western Zhejiang and southern Anhui, among which there is heavy rain in western Yunnan.
China Weather Network reminds that cold air activities will be frequent in the next few days, and the temperature will fluctuate rapidly. The public should pay attention to the latest forecast in time, appropriately increase or decrease clothes, and take personal protection when going out.
The State Administration of Financial Supervision is about to go online.
On May 17, The Paper was informed that the State Financial Supervision and Administration Bureau will officially unveil it in the morning of May 18. Someone close to China Banking and Insurance Regulatory Commission told The Paper that the unveiling time can refer to the unveiling in China Banking and Insurance Regulatory Commission in 2018, and it should not be too late.
Previously, the "top leader" of the State Financial Supervision and Administration Bureau has been formally settled. On the afternoon of May 10th, the State Financial Supervision and Administration Bureau held a meeting of leading cadres. The responsible comrades of the Organization Department of the Central Committee announced the central decision: Comrade Li Yunze was appointed Party Secretary of the State Financial Supervision and Administration Bureau.
In March this year, the Central Committee of the Communist Party of China and the State Council issued the "Party and State Institutional Reform Plan", proposing the establishment of the State Financial Supervision and Management Bureau, which is responsible for the supervision of the financial industry except the securities industry, strengthening institutional supervision, behavioral supervision, functional supervision, penetrating supervision and continuous supervision, coordinating the protection of financial consumers’ rights and interests, strengthening risk management and preventive disposal, and investigating and handling illegal acts according to law, as an institution directly under the State Council.
The State Financial Supervision and Administration Bureau was established on the basis of China Banking and Insurance Regulatory Commission, and the daily supervision duties of the People’s Bank of China on financial holding companies and other financial groups, the protection duties of financial consumers, and the investor protection duties of the CSRC were assigned to the State Financial Supervision and Administration Bureau. At the same time, China Banking and Insurance Regulatory Commission is no longer retained.
It has been five years since China Banking and Insurance Regulatory Commission was founded. In March 2018, the State Council’s institutional reform report proposed that the Bank of China Insurance Regulatory Commission would be established, and the responsibilities of China Banking Regulatory Commission and China Insurance Regulatory Commission would be integrated as institutions directly under the State Council. At the same time, the responsibilities of China Banking Regulatory Commission and China Insurance Regulatory Commission to formulate important draft laws and regulations on banking and insurance industry and the basic system of prudential supervision were assigned to the People’s Bank of China.
At 8: 30am on April 8th of that year, relevant leaders held a flag-raising ceremony at the south gate of the former CBRC, and then unveiled the China Banking and Insurance Regulatory Commission. This also means that China Banking Regulatory Commission and China Insurance Regulatory Commission, which have a history of 15 and 20 years respectively, ended their historical missions after the establishment of China Banking and Insurance Regulatory Commission.
Five years later, China Banking and Insurance Regulatory Commission once again handed over to the State Financial Supervision and Administration Bureau.
As we all know, the financial industry is a famous "volume", which requires both academic qualifications and certificates. If you want to make progress in the financial industry, textual research is an inescapable fate for financial people.
Under the current "cold wave" of employment, which certificates are more valuable, which can help you get a better promotion and salary increase and achieve a further upgrade of your career?
With the increase of market uncertainty, the global job market is facing a new round of "cold wave".
It is reported that the number of layoffs of major investment banks in Europe and America will exceed 100,000 in 2022, and a large financial institution in Shenzhen has recently been exposed that it will lay off about 40% in the future. Many banks and securities companies have also begun to plan to implement layoffs at the end of the year.
In terms of salary, according to market statistics, the per capita salary of major securities companies "plummeted" in 2022. For example, the per capita salary of a large securities company in 2022 was only 786,300 yuan, down about 20% from 2021. Life at the bank is not easy either. For example, the per capita monthly salary of a large bank in the first half of 2023 decreased by 13.62% year-on-year.
Alas, a good job is hard to find, but there seems to be a ray of "warm wind" in this cold wave.
According to the data of "ESG Talent Attraction Insight Report 2023", as of April, 2023, the number of new positions in ESG increased by 64.46% year-on-year, and the average annual salary of ESG recruitment was 314,900, up by 11.58% year-on-year.
When you open the recruitment software, the salary of ESG post is indeed "a ride." Investment institutions, enterprises, rating agencies, brokers, consulting companies and other third-party organizations are all recruiting ESG-related talents.
According to a headhunter in ESG industry, "The starting salary of ESG freshmen is now 20,000-40,000, and the monthly salary is even 150,000-200,000".
So, why are ESG jobs so popular?
The concept of ESG can be traced back to the UN Global Compact initiated by UN Secretary-General kofi atta annan in 2000, which emphasized the importance of human rights, labor security, environment and corruption prevention. In 2005, Annan invited the heads of the 50 largest financial institutions in the world to hold the "Who Cares Wins". During the meeting, it was highly agreed that the three elements of ESG are the cornerstones for the long-term stable development of the financial industry in a rapidly changing world.
In order to ensure that the concept of ESG theory is not reduced to theoretical empty talk, the market has explored a road to the development of ESG ecosystem in the past decade or so.
Its implementation path is mainly as follows:
1)ESG guides international organizations, regulatory authorities and exchanges to formulate a set of ecological rules;
2) based on the above rules, enterprises can disclose according to the corresponding industry conditions;
3) Rating and investment consulting agencies publish enterprise ratings in combination with enterprise data;
4) Finally, investors will incorporate ESG factors according to the above information and evaluate the enterprise.
In this context, ESG can form a closed-loop process in the capital market, which permeates all aspects of the ecosystem; In recent years, the increasing investor demand has also pushed financial institutions and other stakeholders to provide higher quality ESG-related products and services.
At present, ESG investment is attracting more and more attention and recognition from the global market.By Q2 of 2023, 5,372 financial institutions around the world have signed PRI, and it is estimated that the compound annual growth rate from 2006 to 2023 will be 28.6%. According to PricewaterhouseCoopers, the global ESG asset management scale will reach 33.9 trillion US dollars in 2026, accounting for 22% of the global asset management scale.
From the structural point of view, the future development potential of China’s ESG market is still huge.Due to the relatively late start of ESG investment in China, as of Q2 of 23 years, the total proportion of PRI signatories in China is only 2.6% in the world, far lower than that in Europe and America.
The "Fourteenth Five-Year Plan" clearly stated that China should implement the new development concept and continue to promote high-quality development in the future.In theory, ESG can provide guiding principles for the development of enterprises in three aspects: environment, society and governance, and point out the way for the high-quality development of enterprises; In practice, ESG can provide methods and indicators to evaluate the performance of enterprises in environmental, social and governance aspects, and provide necessary tools for enterprises to practice high-quality development.
It can be said that the concept of ESG coincides with the concept of high-quality development put forward by China, and with the steady progress of the "Tenth Five-Year Plan", ESG investment will also become popular in China, which is not only an important reason for the continued popularity of ESG in China in the past two years, but also the fundamental basis for enterprises to be willing to train ESG talents with high salaries.
Of course, the ESG industry is so hot now, and its requirements for recruiters are relatively high.
According to the recruitment data, among ESG talents, the total proportion of master’s degree is 81.21%, of which the proportion of master’s degree is 78.2%.
In addition, ESG talents not only know a single financial knowledge, but also need to learn more subjects, such as social science and environmental science. In addition, we will also use big data and artificial intelligence technologies and use data analysis to build ESG rating indicators.
This also puts higher demands on ESG practitioners. It may be that "it is not enough to learn only one subject, but also to have multiple interdisciplinary backgrounds. Therefore, the threshold of ESG is not low, and it needs talents with complex backgrounds", a senior ESG headhunting consultant told Wall Street.
So, how to gain market recognition and enter ESG industry? -It may be a good choice to improve your professional ability by studying CFA exam.
As mentioned above, what ESG industry lacks most at present is the compound talents with outstanding ability. However, due to the late start of domestic ESG market, many practitioners have become monks halfway-self-taught ESG through some short-term training and public information.
This leads to the fact that although it can be explained in theory, it can not be well implemented in daily practical work, which is also one of the main pain points facing the market at present.
However, CFA exam has been verified and assessed by the financial market for many years, and its knowledge system is complete and comprehensive, including economics, financial analysis, corporate governance, portfolio management and other aspects. It can be highly suitable for financial training and can systematically improve candidates’ theoretical basis and practical ability.
More importantly, the CFA exam already contains a lot of ESG content, such as financial report analysis, equity investment, fixed income, alternative investment, portfolio management and wealth planning, all of which include ESG investment integration-related learning content. Candidates can improve their professional ability by preparing for CFA exam, and at the same time learn various concepts of ESG knowledge, which is very important for practitioners who want to enter ESG industry and can effectively face practical challenges in the industry.
CFA Association, as a non-profit association of investment professionals, has the mission of leading the global investment industry and promoting high standards of ethics, education and excellent professionalism. So CFA certificate represents the global investment industry.The highest level and bound by the highest moral standards,Known as the "gold standard",It is similar to ESG’s emphasis on high moral standards and high social responsibility.This is also an important factor for major enterprises and institutions to favor CFA licensees.
As mentioned at the beginning of this paper, in today’s "cold wave" of employment, textual research has become one of the necessary options for financiers to broaden their career boundaries and explore the depth of their career development. With limited energy, it is even more important to get a good certificate and a certificate with high gold content and value.
For friends who want to transform into ESG-related fields in the financial industry, CFA certificate must be your best choice if you want to apply what you have learned, organically combine theoretical knowledge with business practice and be widely recognized by major enterprises and institutions.
* The above content does not constitute investment advice, and does not represent the viewpoint of publishing the platform. Users should consider whether any opinions, viewpoints or conclusions in this article meet their specific investment objectives, financial situation or needs. The market is risky, so you need to be cautious when investing. Please make independent judgments and decisions.
This year, "night school", a word with a sense of the times, suddenly became a "good heart" for young people and quickly spread all over the country. In Beijing, Guangzhou, Xi ‘an, Wuxi and other places, the popularity of various interest courses is comparable to that of online shopping. More and more young people go into the classroom to brush their lessons after punching out, ranging from dance vocal music and calligraphy and painting to non-legacy work, health and fitness … They are opening the "nightlife" mode in a different way.
Why do young people rush to attend "night school"? At the moment when material life is becoming more and more abundant, people are pursuing the richness and diversity of spiritual life, and the "Youth Night School" with the price close to the people and fashionable and novel courses just conforms to the pursuit of colorful spiritual life by contemporary youth, and it is natural that its popularity will continue unabated.
Some people compare the Youth Night School to the adult version of the "Children’s Palace" and the youth version of the "University for the Aged". For young people, it is an "energy supplement station". Some people sign up for study to fulfill their childhood dreams, while others are to improve their skills … "Night school" gives them the opportunity to choose to study and charge according to their interests and needs, and "store energy" for their future. In the process of learning without the pressure of examination, young people unload the pressure and fatigue brought by work and life, immerse themselves in learning a certain knowledge or skill, and enjoy the pleasure of "wasting time on beautiful things".
Youth night school is also a "big social classroom". Many young people once lamented their "formatted" life: after finishing work at 5 o’clock, they would pass the time by watching dramas, often lying down and brushing their mobile phones until late at night, which not only made them feel empty mentally, but also affected their health. "Don’t’ house’, come out!" Night school gives young people the opportunity to break out of their homes, reconstruct their cultural life and go to the social classroom. "Youth Night School" also provides a brand-new social scene for young people, making friends with similar interests, broadening their circle of friends, and some even finding life partners.
Youth night school is a "dream-chasing place". Going to night school is an independent choice of contemporary young people who actively seek knowledge and are eager to improve. Behind it is the popularization of the concept of lifelong learning, which shows their spirit of being unwilling to be mediocre, uneasy with the status quo and positive. "Youth Night School" gives young people the opportunity to pursue their dreams, so that they can tap their potential with love for life, improve themselves in advance, and reshape themselves in their studies.
Young people have no trivial matters, and everything is always related to their feelings. Youth night school has become a new fashion, but if it is not only a temporary craze at this time, we need to seriously think about: how should youth night school serve young people more and better? In this regard, on the one hand, the quality of the course is the key. Only by providing high-quality course content and teachers, can we better meet the learning needs of young people and make evening schools have lasting appeal. On the other hand, it is necessary to "revitalize" more public cultural resources, build a broader learning platform for night schools, and build a learning city where everyone can learn, learn everywhere, and learn from time to time, so that young people can really fall in love with learning and the city where they live. In addition, young people in rural areas and remote areas can also be included in the "night school" education platform through online lectures, so that happy study nightlife can cover more people in need.
Youth night school lights up the nightlife of young people, allowing more young people to take the initiative to improve themselves and embrace the new era. In this two-way trip, a little bit of starlight condenses the confidence and strength to move forward towards a better life. (Have fun)
Our reporter Zhang Jingchao reports from Beijing.
On the evening of December 12, WANDA CINEMAS announced that WANDA CINEMAS’s indirect controlling shareholder, Beijing Wanda Cultural Industry Group Co., Ltd. (hereinafter referred to as "Wanda Culture") and its wholly-owned subsidiary, Beijing Hengrun Enterprise Management Development Co., Ltd. (hereinafter referred to as "Beijing Hengrun"), and the company’s actual controller, Wang Jianlin, Signed the Equity Transfer Agreement on Beijing Wanda Investment Co., Ltd. (hereinafter referred to as "Equity Transfer Agreement") with Shanghai Ruyi Investment Management Co., Ltd. (hereinafter referred to as "Ruyi Investment"), and planned to transfer 51% equity of Beijing Wanda Investment Co., Ltd. (hereinafter referred to as "Wanda Investment") to Ruyi Investment. According to the Equity Transfer Agreement, the total transfer price was RMB 2.155 billion.
If the above transaction is finally implemented, Ruyi Investment will hold 51% equity of Wanda Investment, and Ke Liming, as the actual controller of Ruyi Investment, will indirectly control 20% equity of WANDA CINEMAS through Wanda Investment. In addition, China Ruyi Film and Television, which is controlled by Ruyi through an agreement, holds 49% of Wanda Investment, and Ke Liming also holds 16.34% of the total share capital of China Ruyi. Wang Jianlin indirectly controls 10.9% equity of WANDA CINEMAS through Wanda Culture, Shenxian Rongzhi Xingye Management Consulting Center and Lin Ning. Colliming will eventually become the new actual controller of WANDA CINEMAS.
The reporter of China Business News learned that China Confucianism was formerly known as Hengteng Network. In October 2020, Hengteng Network wholly acquired Ruyi Film through allotment and issuance of shares and subscription of equity, with a total transaction amount of about HK$ 7.2 billion (at that time, it was about RMB 6.2 billion). However, in November 2021, with the departure of Evergrande, Ke Liming, the real controller of Ruyi Film, became the largest shareholder of Hengteng Network, while Tencent Holdings and United Resources Investment Holdings ranked second and third. In February 2022, Hengteng Network was renamed as "China Confucianism".
According to China Ruyi’s mid-year report in 2023, the company’s business mainly includes film and television drama production, online streaming platform pumpkin movies and games. After holding WANDA CINEMAS, it means that China Confucianism and Italy will open up the downstream film industry, and its strength should not be underestimated.
The whole process of transfer
Two equity transfer transactions with Ruyi Investment contributed to the change of WANDA CINEMAS’s actual controller, but in addition, Wanda Investment has transferred WANDA CINEMAS shares several times in 2023.
In April this year, WANDA CINEMAS issued the Announcement on Pre-disclosure of Shareholding Reduction by Controlling Shareholders. According to the announcement, Wanda Investment, the controlling shareholder of WANDA CINEMAS, holds 849,811,931 shares, accounting for 38.99% of the company’s total share capital. Wanda Investment plans to reduce its shareholding by no more than 65,381,064 shares through centralized bidding and block trading, accounting for 3% of the company’s total share capital. The reduction will be completed within 6 months, and the reason for the reduction is "own capital demand".
On July 12th, WANDA CINEMAS issued another announcement to remind Wanda, the controlling shareholder, to invest in the transfer of equity. According to the announcement, Wanda Investment transferred 180 million shares of the company to Lu Lili through agreement transfer, accounting for 8.26% of the company’s total share capital. Lu Lili is a legal person of Shanghai Oriental International Film and Television Culture Communication Co., Ltd. Subsequently, on July 17, Wanda Investment and its concerted action person, Shenxian Rongzhi, signed the Share Transfer Agreement on WANDA CINEMAS Co., Ltd., stipulating that Wanda Investment would transfer 177,352,994 shares of WANDA CINEMAS unrestricted shares held by it to Shenxian Rongzhi, accounting for 8.14% of the company’s total share capital.
On July 20th, WANDA CINEMAS announced that Wanda Culture, the indirect controlling shareholder of the company, transferred its 49% equity of Wanda Investment to Ruyi Investment at a transfer price of 2.262 billion yuan. After changes in equity, Confucianism and Italian Investment indirectly held 216 million shares of WANDA CINEMAS through Wanda Investment, accounting for 9.8% of the total share capital.
China Ruyi said in the announcement at that time that although Ruyi Investment would directly hold 49% of the shares of Wanda Investment, it had no intention of appointing directors to Wanda Investment and would not participate in the daily operation and management of Wanda Investment. Wanda Investment will not be a subsidiary of China Confucianism and Italy, and its financial performance will not be incorporated into the comprehensive financial statements of China Confucianism and Italy. At that time, the actual controller of WANDA CINEMAS was still Wang Jianlin, but after the signing of the Equity Transfer Agreement, the actual controller of WANDA CINEMAS will be changed from Wang Jianlin to Ke Liming.
China’s Confucianism reappears and capital operation is generous
The reporter learned from the information provided by a number of third-party organizations that WANDA CINEMAS is one of the few companies in China that has realized the integration of film and television production, distribution, cinema, film management and film projection, and its market share has also occupied the first place for a long time at the screening end. On the content level, WANDA CINEMAS is equally strong. According to public information, the "Beijing Love Story" controlled by Wanda Cinema in 2014 accumulated a box office of 406 million yuan; In 2015, the master controller produced 9 films, including Searching for the Dragon, goodbye mr. loser and Pancake Man, among which 7 films exceeded 100 million at the box office. In 2016, the master controller produced 9 films, including "Love Saint" and "Grand Prix"; In 2017, there were 16 films such as "Journey to the West" and "Master of Memory"; In 2018, in addition to the "Chinatown Detective 2" with a cumulative box office of 3.397 billion yuan, there are 10 master film projects such as "Get My Brother Away"; In 2019, there were 15 master movies including Sheep Without A Shepherd’s Flying Life; In 2021, Detective Chinatown 3, the master producer, ranked seventh in the box office list of Chinese movies with a box office of 4.523 billion yuan.
However, this year, WANDA CINEMAS’s only film projects are Space Exploration Editorial Department, Countdown Love You, Shen Jilan and Three Battalions, which will be released on December 15th. Among them, Cosmic Exploration Editorial Department has a cumulative box office of 67.043 million yuan, Countdown Love You has a cumulative box office of 26.37 million yuan, and Shen Jilan has only 4.565 million yuan. According to WANDA CINEMAS’s semi-annual financial report for fiscal year 2023, although WANDA CINEMAS achieved operating income of 6.869 billion yuan in the first half of the year, the income from cinema screening accounted for over 60%, while the income from film production and distribution and related businesses was only 202 million yuan, accounting for less than 3% of the total revenue. The cinema screening sector is undoubtedly the core asset of WANDA CINEMAS.
The momentum of WANDA CINEMAS’s projection in the cinema will help China’s Confucianism. Before Ke Liming became the actual controller of WANDA CINEMAS, China Confucianism and Italy had included three major businesses: film and television drama production, online streaming media and games. Among them, Shanghai Ruyi Film and Television Production Co., Ltd., a subsidiary, participated in films such as Hi, Mom, A Little Red Flower and Moon Man, and participated in the production of dramas such as No War in Peiping, nirvana in fire and My Fireworks on Earth. In 2023, the main films included Exchange of Life, Keeping You Safe and Warmth. China Ruyi also owns Pumpkin Movie, a streaming media platform. The business segment had 70.84 million registered members when the data was last published in 2021, of which 28.68 million were paid subscription members. The game business of China Confucianism began in 2022, and Beijing Confucianism Jingxiu Network Technology Co., Ltd. was established to lay out the game business. China Confucianism said in the announcement at that time that it would get Tencent’s support in technology, channels and funds.
Before WANDA CINEMAS changed hands, there had been many large-scale capital operations of Confucianism and Italy in China. In 2020, when Hengteng Network acquired Ruyi Film, the two sides signed a three-year gambling agreement, and Ruyi Film was required to achieve an annual net profit of 400 million yuan, 500 million yuan and 600 million yuan respectively from fiscal year 2021 to fiscal year 2023, with a profit of 1.5 billion yuan in three years. After the transaction is completed, the shareholding ratio of Evergrande and Tencent in Hengteng Network is 45.55% and 16.9% respectively. Ke Liming became the third largest shareholder of Hengteng Network, holding 12.5%.
In 2021, with a guaranteed price of 1.5 billion yuan, Ruyi Film bought out Hi, Mom’s share of the profits from the first producer, Beijing Culture. In the end, the box office in Hi, Mom exceeded 5.4 billion yuan. With this transaction, Confucianism and Italian Film successfully completed the above gambling agreement.
At the beginning of this year, among the four cornerstone investors introduced by Lehua Entertainment IPO, Sun Mass Energy, a wholly-owned subsidiary of China Confucianism and Italy, subscribed for 7.9 million US dollars in offering shares, making it the largest one.
(Editor: Zhang Jingchao Proofreading: Liu Jun)