Fudan University's Pacific Finance College is an independent college. It only borrows the name of Fudan University, and Fudan University provides some help for it.
The college was established by Fudan University and China Pacific Insurance (Group) Co., Ltd. ... 20 1 1 According to the Reply of the Ministry of Education on Revoking the Establishment of Fudan University's Pacific Finance College (Jiaofa Letter [201] No.48), Fudan University's Pacific Finance College was closed.
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Reason for suspension
Pacific Finance College of Fudan University, covering an area of 1.234 mu, is located in huinan town Science and Education Park, Nanhui District, southeast of Shanghai. It only took about three years from its establishment to its closure.
It has always been CPIC's wish to set up a training college for financial talents. After several choices, CPIC finally reached a cooperation intention with Fudan University, and the two sides formally signed the agreement on September 6, 2003. The college has also been approved by the Shanghai Municipal Education Commission, the municipal government and the Ministry of Education.
However, people in the industry believe that this plan broke through the restrictions on the use of funds by insurance companies in the Insurance Law from the very beginning, because insurance companies were not allowed to make industrial investments at that time. One side wants to build the largest insurance training base in China, and the other side wants to break the original school-running restrictions. When this university was founded, CPIC and Fudan had good intentions.
According to the preliminary agreement between the two parties, Fudan invested in intangible assets such as brand and teaching management, accounting for 17.5%, and CPIC invested in infrastructure with 10 billion yuan, accounting for 82.5%. However, contradictions soon occurred one after another. A Fudan person who participated in the cooperation told Caijing reporter: "When signing the contract, CPIC and several other shareholders contributed together, which is inconsistent with Fudan's understanding.
In order to dispel Fudan's hesitation, Taibao made two commitments: First, as the major shareholder among the investors, Taibao contributed 50%; Second, CPIC is responsible for coordinating with all other shareholders.
In the end, Fudan Brand and Management accounted for 65,438+07.5% of the shares, CPIC contributed 500 million yuan, accounting for 465,438+0.25% of the shares, and other shareholders (Dalian Shide Group, Shanghai Dejin Investment, Taiwan Province Runtai Group, Hong Kong Xiangjiang International Group and Jiahui Rome Group) contributed 500 million yuan, accounting for 465,438+0.25% of the shares. The above-mentioned person also said that Fudan asked Taibao to show the property right certificate of 1.234 mu of science and education land and inject the property right into the Finance College.
But Fudan has never seen the title certificate of this land. In addition, Taibao's proposal to borrow money from the bank in the name of the college was resolutely opposed by Fudan.
It is understood that the board of directors of the college is composed of 13 people, Fudan * * * has four seats, Taibao has three seats, other investment companies have four seats, and there are two independent directors.
Although Fudan hopes to achieve the goal of balance by introducing two independent directors, the resolution of the loan is still passed by the board of directors, and the resolution of the board of directors States that Fudan will not bear the responsibility for repayment. All kinds of contradictions make the relationship between the two sides tend to deteriorate. At the same time, Pacific Life Insurance faces huge spread loss and insufficient solvency.
Baidu Encyclopedia-Fudan University Pacific Finance College