Recently, the debt problem of Evergrande has attracted the attention of major financial institutions around the world.
In order to avoid debt default, Evergrande Chairman Xu Jiayin is saving Evergrande at all costs. It is reported that since July, in order to maintain the liquidity of the group, Xu Jiayin has raised and injected more than 7 billion yuan in cash into the group through equity or personal asset mortgages, including two luxury houses worth 1.5 billion Hong Kong dollars in Hong Kong owned by himself.
This mortgage may pose a considerable risk to the borrower and may eventually find it difficult to recover the cash and lead to forced ownership of assets. But for Orix Co., Ltd., which deals with Xu Jiayin, it may not be a big problem.
Olix is an international non-bank financial group originating from Japan. It ranks 274th in the Forbes Global 2000 Enterprises this year. The Group currently has more than 33,000 employees worldwide and has more than US$600 billion in assets under management. The group's business covers nearly 40 countries and provides services to millions of customer companies, covering dozens of industries in the financial and industrial fields, and its main businesses include banking, insurance, asset management, real estate, investment banking, operating leasing, tourism, etc.
Oolix's business style is completely opposite to radical high-debt real estate companies like Evergrande. His former actual leader Yoshihiko Miyaucai is very proud of the company's risk control. He once led Orix to escape many economic crises, such as the severe economic bubble crisis in Japan in the 1990s.
Yoshihiko Miyaucun said that at that time, the Bank of Japan implemented a very loose monetary policy , but the stock market and real estate prices rose wildly, but prices did not rise accordingly, which made him feel uneasy. In the end, he realized that a considerable "asset bubble" had accumulated in these two areas. Because Orix took off from the real estate industry in time, it was less impacted after the bubble burst. At that time, high-leverage financial institutions went bankrupt one after another, while Olix only survived the difficulties at the cost of historical low revenue.
In addition to having strong risk control capabilities, Olix's rich leasing experience and diversified expansion and development are also of great help to the company's operations.
1964, founded by only 13 employees, is a pioneer in the Japanese leasing industry. At the beginning, it only focused on original leasing businesses, such as car and aircraft rental, and continued to expand new business types thereafter. At the same time, Orix also has the goal of international expansion. Since 1971, first Hong Kong, then Singapore , Malaysia, Indonesia and other countries. Olix has rapidly expanded its overseas territory almost every year and has become the first rental company in many countries. At this stage, Orix accumulated rich creditor knowledge and experience, laying a solid foundation for subsequent expansion in the financial field.
In 1980, Yoshihiko Miyaucai became the new president and officially took charge of Olix Group . The company began to expand its business more diversified, and Olix entered the investment, real estate and insurance industries one after another. After entering the 21st century, the diversified expansion strategy has achieved great success, and Orix has thus begun a new stage of "financial + service". At this stage, Orix linked industrial operations with financial investment, while actively expanding operations in the real estate field, such as golf course , hotels and nursing home operations, etc. At the same time, the industrial operation experience can also improve the professional ability of handling tangible assets, providing great help for asset pricing and avoiding investment risks. This has enabled Olix's investment banking business to grow rapidly and greatly drive the company's performance.
At the same time, Orix also spent a lot of money to acquire companies everywhere to open up new business segments. In 2013, it acquired the Dutch asset management company for 1.935 billion euros and officially entered the global asset management business. In 2018, it purchased 30% of the equity of Avolon Holdings, a aircraft rental company under HNA Group for US$2.2 billion, becoming the world's third largest aircraft leasing company. In 2020, Orix spent $965 million to acquire a Spanish energy company.Orix also plans to invest a total of US$2.4 billion in the next few years to build a large comprehensive resort in , Osaka, Japan.
ORix is also the first foreign-funded enterprise to be optimistic about and enter China. In recent years, ORix has continued to increase its "bet" on China. In 2009, Japan's Orix settled its headquarters in Dalian and increased its efforts to develop its business in Greater China, and successively established related companies such as investment, car leasing, and financial leasing in China. At the same time, Orix has successively invested in several listed Chinese companies, such as Shoucheng Holdings, China Water, Panda Green Energy, Nongfu Spring , etc., all of which have successively obtained good equity returns.