WSCG Kono Tercel general aviation town project highly recognized by nationwide industry experts and investors
Beijing News: On July 29, 2017, China’s first PPP Characteristic Town Asset Securitization and Financial Innovation Conference was held successfully in Beijing. More than 500 senior executives from banking, insurance and fund industries, central enterprises, listed companies, universities, research institutions and investment institutions from all over the country assisted the grand occasion altogether.
Ms. Zuo Sicheng, President of American Kono Group Chinese Zone, made a special report titled Kono Tercel General Aviation Towns and their Characteristics at the conference, and won high recognition from the experts and strong response from institutional investors. At the same time, large-scale state-owned enterprises expressed on site that they wanted to become shareholders of Kono Tercel General Aviation Town on a large scale.
Through a series of keynote speeches, guest dialogues and special reports, extensive and in-depth discussions on asset securitization of PPP characteristic towns all over China and creation of investing & financing of the towns under the new central government policy were conducted at the conference.
Important consensuses on financing issues made at the conference include:
1) Hang Chen, Vice President of China Construction Bank Construction CCB Pension Management Co., Ltd., said: “Compared with the distribution of asset types in the United States, the proportion of assets securitized products in the United States is about 40%, while that in China is less than 10%, so there is great potential in China. China’s banks have huge growth space from the deposits-loans surplus profit model to service-oriented intermediate business, thereinto, asset securitization has huge business space for banks.
2) Wang Peng, Secretary-General of the Silk Investment Association and President of Hexuan Jinfu, said: “Under the background of financial deleveraging, the way of government’s bailout financing was not feasible in the past, and land financing was also limited. However, a lot of stock assets of PPP and characteristic towns can be vitalized by means of asset securitization, and new projects can be withdrawn by means of asset securitization after income debt financing and the completion of construction. A large amount of capital has no exit, and is very active in both public offering market and inter-agency private markets. With the revision on rules by the CSRC and CBRC, the governmental payment and compensation are included into underlying assets, so PPP projects and small characteristic town assets with diversified cash flows will soon face blowout.”
3) Lv Fei, general manager of Asset Management Department of Cinda Investment Co., Ltd., said “Asset securitization is a new growth business for asset management companies.”
4) Xue Kun, general manager of Beijing Branch of the Bank of Tianjin, said: “Under the transformation and new policy, the government is not required to disclose the ins and outs. The banking industry is actively attempting to return to the essence of operation and provide credit services on a well-managed credit platform.”
In the special report, Zuo Sicheng, the Chinese Zone president of Kono Group, made a comprehensive review and summary of the history of the rise of global general aviation industry and aviation towns, the current situation of them and the aviation opportunities facing China at present. He also made a comprehensive introduction of the overall planning, management team, capital investment, profit model, exit mechanism, investment income and development prospect of Kono Tercel general aviation towns.
She pointed out emphatically that “industry is the core and soul of characteristic towns, the true characteristic towns must be driven by industry, industry is the impetus of development of characteristic towns and the basis for sustainable development. Kono Tercel general aviation towns are comprehensive characteristic towns with general aviation industry as the main part. They highlight the general aviation industry according to the development concept of innovation, coordination, green, open and sharing, integrate functions concerning culture, tourism, education, health maintenance, community service and public service, emphasize technological innovation and consider in a certain aspect of sustainable development. There must be production, business and life behind the characteristic towns. If the above motivations are absent, merely constructing small towns will be bound to a road that leads nowhere.
Currently, Kono Group has signed a number of general aviation towns in China, including Kono Tercel (Ningxia) General Aviation Spa Town and Kono Tercel (Dongting Lake) General Aviation Cultural and Tourism Town.
The total planned investment is 10 billion yuan and the expected output value is about 150 billion yuan. The Kono Tercel General Aviation Town projects in other areas are under further investigation and will be signed one by one in the near future.
It is reported that the U.S. general aviation industry is the most developed, advanced, standardized and perfect in the world. There are about 500 well-functioning general aviation towns and nearly 300,000 general aviation aircraft of all kinds. Undoubtedly, the U.S. General Aviation Management System has extremely extensive applicability and unparalleled advancement in the world. The China Headquarters of American Kono Group (Beijing Tu An Tai General Aviation Technology Co., Ltd.) is a high-tech aviation company in China established by American Kono Group, which is proficient in the development trend of international general aviation industry and the current situation of general aviation in China and the United States,.aiming to develop China’s general aviation market. As the general agent of Chinese business of American Kono Group, Tu An Tai spares no effort to build small general aviation towns of Kono Tercel series, popularizes American cutting-edge aviation products of Kono Tercel series in an all-round way in China, and becomes the leading enterprise in China’s general aviatio industry.
As an important outcome of the conference, the China Silk Road Financial Think Tank was proclaimed to be established, which is composed of more than 100 authoritative institution experts and senior executives from China Investment Consulting, Bank of China, China Construction Bank, CCB Pension, Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction First Division Group, China Construction Art, China Railway Capital, Cinda Investment, PetroChina League of Nations Fund, China Nuclear Exchange Energy, China Housing Union, China Finance International Trust, Guosen Securities, Enlightenment, Thunis, CYTS, Chinese and Foreign Garden Construction Co., Ltd., Eastern Gardens, Mongolian Mengcao Ecology, China Oil HBP Group, Juguang Science and Technology, Finance Science Research Institute of the Ministry of Finance, Peking University, Tsinghua University, Renmin University of China, China University of Political Science and Law, Central University of Finance and Economics, China Housing Association and other authoritative institutions. So far, the think tank is a high-end and most representative public welfare finance think tank in China.
At the same time, American Kono Group was hired to take up the post of the only aviation town center and industry director unit of aviation town in China at the conference.
The conference is sponsored by Zhongguancun Silk Road Economic Belt Collaborative Innovation Alliance and Silk Road PPP Characteristic Town Investment Association, co-sponsored by One Belt One Road Financial Research Institute, Peking University Urban Governance Research Institute, Ningxia Property Exchange, China Real Estate Association Cultural Estate Committee and the Non-State-Owned Investment Committee of IAC and undertaken by Hexuan Jinfu.
