Planning to initiate the establishment of overseas REITs and global M88 Game
September 20,M88 Game (Asia) Securities Company, a subsidiary of M88 Game Group, was officially established。This is M88 Game Group’s insistence on the two-wheel drive of industrial management and capital operation、Implementing the strategy of integrating industry and finance,Another important achievement in building a capital platform for its financial sector。Chairman of M88 Game Group、President Zhang Yuliang,Geng Jing, Vice President of M88 Game Group,Duan Chaoliang, President of China Construction Bank Shanghai Branch,Co-President of M88 Game (Asia) Securities、Feng Guorong, the former president of Shenyin & Wanguo Securities, attended the company’s unveiling ceremony。
M88 Game (Asia) Securities was formerly held by the Securities and Futures Commission of Hong Kong 4、A licensed company with No. 9 securities license—Yigao Asset Management Co., Ltd.。M88 Game Group launched the acquisition of Yigao Assets in mid-2015,And officially obtained approval from the Hong Kong Securities Regulatory Commission in August 2016。September 2, 2016,Yigao Asset officially changed its name to M88 Game (Asia) Securities。M88 Game (Asia) Securities will be based in Hong Kong in the future、Radiating the world,Expand the investment and management of overseas real estate funds and global equity investment funds,And further develop investment banking business,Connect high-quality resources at home and abroad,Aim to exceed US billion in assets under management within three years。
At the unveiling ceremony,M88 Game (Asia) Securities announced at the same time,Currently planning to initiate, establish and manage overseas real estate funds (overseas REITs),The fund size is initially set at US-6 billion,Investment targets include logistics real estate、Commercial hotel assets and overseas real estate projects;Initiate, establish and manage global equity investment funds,As an overseas parallel fund of M88 Game Group’s industrial fund,The fund size is initially set at US-5 billion,Investment direction will focus on medical health、Cultural and leisure fields。
The establishment of M88 Game (Asia) Securities,will be responsible for the overseas business development of M88 Game Group’s financial sector、Mainland and Hong Kong capital interconnection and linkage add great impetus,And further establish the goal of M88 Game Financial Sector to build an “investment + investment banking” financial industry chain asset management platform。M88 Game (Asia) Securities holds Hong Kong Securities and Futures Commission 4、No. 9 Securities License,It will mean that the reach of financial services provided by M88 Game can be extended to a wider area。To achieve this goal,The company also hired influential experts in the industry、Scholars form an advisory group to help the company develop,Strive for internationalization、Market-oriented incentive mechanism attracts first-class international financial talents to join,Adds a new wing to M88 Game Group’s transformation, upgrading and leap-forward development。
M88 Game (Asia) Securities will carry out four major types of business in the future。First, as a fund manager,Cooperate with M88 Game overseas real estate projects,Establish and manage overseas REITs;The second is as a manager of global equity investment funds,Focus on medical health、Industrial funds in culture, leisure and other fields,Establish and manage corresponding overseas parallel funds;The third is to engage in self-operated business,Directly carry out investment/mergers and acquisitions/asset management operations in overseas securities markets;The fourth is to engage in investment consulting business and cooperate with investment banking business,Carry out overseas capital operations for domestic and overseas equity investment projects。
This acquisition of the Hong Kong securities license is the result of M88 Game Group’s “big financial” business segment acquiring nearly 20% of the equity of Hangzhou Industrial and Commercial Trust at the end of 2015,Another major breakthrough in obtaining core financial licenses,Will continue to invest and acquire in the future、Initiate establishment and other methods,Get insurance included、Securities、Core financial licenses including banks,Gradually improve the layout of the entire financial industry chain,Build a comprehensive financial services group with core competitiveness in segmented fields,Making it one of the important pillars of M88 Game Group’s diversified development。