中国农业银行（下称：农行）副行长杨琨近日被有关部门带走协助调查，这是四大国有商业银行股改上市之后，被调查的最高级别的银行高层。

Agricultural bank of China（Said the：Agriculture bank）Vice President YangKun have recently been relevant departments take in to help the investigation，This is four big state-owned commercial bank reform after the listing，The survey was the highest senior bank。

　　杨琨事件牵扯出蓝色港湾的幕后老板王耀辉。今年46岁的王耀辉身份多重，不但是蓝色港湾国际商务区的幕后老板，又涉足基建项目和艺术品的投资。

YangKun events involved a blue of the harbour boss WangYaoHui behind the scenes。This year at the age of 46 WangYaoHui identity multiple，Not but blue international business district harbour behind the scenes of the boss，And involved in infrastructure projects and art investment。

　　据悉，在王耀辉担任中辉国华实业集团有限公司（下称：中辉国华）董事长期间，农行曾为蓝色港湾的项目提供了30亿元左右的10年期的物业经营贷款，以蓝色港湾资产作抵押。

It is reported，In WangYaoHui as zhonghui guohua industrial group Co., LTD（Said the：Zhonghui guohua）During President，The agriculture bank had to blue of the harbour projects with 3 billion yuan of right-and-left 10-year property business loans，With a blue harbour mortgage assets。

　　“问题不在贷款本身，而是在贷款之外可能存在的私人交易。”某位银行人士认为，能在朝阳公园这个地方拿地做商业地产，没有过硬的银行关系怎么能办到。

“Problem is not loan itself，But besides loan may exist in private transactions。”Some bankers think，In chaoyang park this place to do with commercial real estate，No good bank relationship how can do it。

　　然而，已对外营业4年的蓝色港湾尽管通过不断举行摄影展、啤酒节等活动来吸引人气，但开发商的经营收益并不理想。

however，Already open to the four years of the harbour although through constant blue exhibition held、Beer 45 activities to attract popularity，But the developers of business revenue isn't ideal。

　　从地到钱

From the money

　　位于朝阳公园西北角的蓝色港湾有着优越的地理位置，理当成为开发商必争之地。然而，当年王耀辉通过旗下公司以起始价10.08亿元顺利买下这幅地块，在这过程中并未遇到强有力的竞争对手。

Located in the northwest chaoyang park has a blue harbour superior geographical position，To become a battleground developers。however，That year WangYaoHui through its company with a start at 1.008 billion yuan to buy this of land to smoothly，In the process did not meet the strong competition。

　　公开资料显示，2004年9月29日，北京蓝色港湾置业成功以10.08亿人民币竞得北京朝阳公园“蓝色港湾商业配套设施”项目用地，开发蓝色港湾国际商区。SOLANA商业中心项目。该项目占地11.2公顷，建设规模15万平方米，为北京市及朝阳区两级政府确定的重点项目。

Public data shows，September 29, 2004，Beijing blue harbor home buyers success in 1.008 billion RMB to Beijing chaoyang park competition“Blue harbor commercial facilities”Projects land，International business development blue harbor area。SOLANA commercial center project。The project covers an area of 11.2 hectares，Construction scale of 150000 square meters，For Beijing chaoyang district, and two level to determine government key project。

　　北京蓝色港湾置业为中辉国华的控股公司，后者持有其51%的股权，而中辉国华实际控制人便是王耀辉。而同年3月，杨琨被委任为农行副行长，公司业务为其分管业务之一。

Beijing blue harbor home buyers for zhonghui guohua holding company，The latter hold its 51% stake，And zhonghui guohua actual controller is WangYaoHui。And in the same year march，YangKun appointed as the agriculture bank deputy governor，The company business for its one of business in charge。

　　值得注意的是，到2008年3月，北京蓝色港湾置业将这块土地的位置、总建筑面积、地上建筑面积、地下建筑面积、规划用途、出让年限、地价款、地价水平等项目都做了变更。

Note the，To March 2008，Beijing blue harbor home buyers will be the land of position、A total construction area of、Building area of the earth、Underground construction area of、Planning purposes、Transfer time、cost、Land price level project do change。

　　据北京市国土局发布蓝色港湾项目的变更公告显示，项目的规划建筑面积变更为13.76万平方米（包含地上建筑面积、地下仓储和地下车库）。与最初项目的规划建筑面积5.9万平方米相比，翻了一倍还多。

According to the Beijing land bureau released the change of blue harbor project announcement，Project planning construction area of 137600 square meters to the change（Contains the ground floor area、Underground storage and underground garage）。And the primary project planning a building area of 59000 square meters compared，Have more than doubled。

　　有知情人士透露，蓝色港湾初始是抵押给农业银行做开发贷款，后转成经营性物业贷款，这一说法并没有得到官方的印证。而根据北京市国土局朝阳分局网站的土地抵押公示表明，蓝色港湾商业配套一共9.63万平方米土地抵押给了农行北京东城支行，两份抵押登记的起始日分别为2011年7月6日和2011年12月15日，同一地块两份抵押登记中的土地评估价值分别为15亿元和65亿元。相差5个月，土地评估价值飙升了50亿元。

Have people familiar with，Blue harbour is mortgaged to the initial agricultural bank do development loans，After property loans into business，This is the one that did not get official seal。According to the Beijing chaoyang branch of choose and web site that mortgage public land，Blue harbor commercial supporting the 96300 square meters of land in the east of Beijing mortgaged to the agriculture bank branch，Two mortgage registration starting respectively, on July 6, 2011 and 15 December 2011，The same plot two mortgage registration of the land value assessment respectively for 1.5 billion yuan and 6.5 billion yuan。Is five months，Land evaluation value rose 5 billion yuan。

　　这两起抵押贷款都是2011年办的，但事实上，蓝色港湾早在2007年就已竣工，2008年开业。北京市国土局朝阳分局的抵押公示是2008年才开始，因此无从查到2008年之前蓝色港湾是否有土地抵押贷款。仅通过上述两份土地抵押，王耀辉便从农行总共获得5亿元左右的经营性物业贷款。

The two up mortgage was 2011 years to do，But in fact，Blue harbour as early as in 2007 has been finished，Opened in 2008。Beijing chaoyang office of choose and mortgage public is 2008 years to start，So don't check before 2008 blue whether mortgage harbour land。Only through the two pieces of land mortgage，WangYaoHui from agriculture bank and a total of 500 million yuan business property loans。

　　以蓝色港湾为标的物，王耀辉与银行机构和信托业建立了千丝万缕的联系，从而获得巨额的资金来源。然而，蓝色港湾自身的负债水平却不容乐观。据北京恒天财富研究部的一份蓝色港湾2010年年度审计报告显示，截至2010年末，该公司资产总额为44.3亿元，负债为29.7亿元，负债率高达67.11%.

With a blue harbour for the subject matter，WangYaoHui and banking institutions and mukesh ambani established links，To get a huge sums of money sources。however，Their debt levels blue harbor is not optimistic。According to Beijing constant day wealth of a blue at harbor 2010 annual audit report shows，At the end of 2010，The company's total assets of 4.43 billion yuan，Liability for 2.97 billion yuan，Leverage as high as 67.11%.

　　长袖善舞

Long-sleeved dancing

　　出生于黑龙江省齐齐哈尔市的王耀辉现任黑龙江省第十届政协委员会常委。除了开发蓝色港湾之外，他还是京津塘高速公路二线工程的主要投资人，而其在艺术品投资市场也是出手阔绰的大买家。

Born in heilongjiang province of heilongjiang province WangYaoHui JiJiHaErShi of the 10 th political consultative conference committee member。In addition to develop blue outside the harbour，He still jingjintang expressway in the second line of engineering major investors，And the art investment market also is the big-spending big buyers。

　　显然，房地产仅仅是王耀辉多元化经营中的一个领域。中辉国华是他最早成立的公司，注册地是在顺义区天竺镇天竺村开发街6号。以战略性直接投资为主，提供投资咨询和管理服务，业务范围涉及房地产、车辆制造、基础设施建设、矿产、艺术品投资与金融业务等多个领域。

obviously，Real estate is just one of the WangYaoHui diversified management field。Zhonghui guohua equipment factory is his earliest company，Registration is in shunyi districts tianzhu town (6 rue village development。A strategic direct investment primarily，Provide consulting and investment management service，The scope of business covers real estate、Vehicle manufacturing、Infrastructure construction、mineral、Art investment and financial business, and other fields。

　　2005年6月开工的京津塘高速公路二线起于天津滨海新区的北塘镇，在北京朝阳区西直河附近与五环路连接，2008年奥运会前全线通车，中辉投资与首创集团等机构同为投资人。而注册地在北京顺义区的中辉投资，2004年时便与当地天竺镇政府合作建设天竺商务花园项目。

In June 2005, started jingjintang expressway in the second line up the tianjin binhai new area north of the pond，In Beijing chaoyang district near the river road, west straight and connection，Before the 2008 Olympic Games was completed and opened to traffic，Zhonghui investment capital group and institutions such as the same for the investors。And registered in shunyi district of zhonghui investment，In 2004 he and local government construction business cooperation (tianzhu garden project。

　　成立于2001年5月的中天高科特种车辆有限公司为中美合资企业，中方为中辉国华实业和北京宏世通达商贸集团。

Established in May 2001, zhongtian high-tech special vehicles Co., LTD. Is a sino-us joint venture，The Chinese side for zhonghui guohua industry and Beijing world trade group macro understanding。

　　此外，中辉国华还入股了一家基金公司天治基金，该基金公司的大股东则为吉林信托。中辉国华同时也是东方基金第二大股东，占其18%的股权，而东方基金的大股东为东北证券股份有限公司，股权占比达46%.东北证券(000686,股吧)正是吉林省证券有限责任公司和吉林省信托投资公司证券部合并重组而来。吉林信托还是东北证券的第二大股东。

In addition，Zhonghui guohua also shares a fund company day to fund，This fund company is the big shareholders for jilin trust。Zhonghui guohua equipment factory is also the second largest shareholder east fund，Which accounts for 18% of the equity，And the east of the fund for the northeast big shareholders securities Co., LTD，More than 46% of equity. Northeast securities(000686,Shares it)It is jilin securities company limited and jilin province trust investment company stock certificate department reorganization merger。Jilin trust or northeast securities the second largest shareholder。

　　在王耀辉不断扩大的产业版图中，其一方面通过地产项目向银行获取巨额贷款，另一方面通过艺术品投资发行信托来玩转这一庞大的产业。在一本名为《no art》评选的2008-2010年中国最具影响力的拍场买手中，王耀辉位列第六，该评选的基本标准是每年购买量不能低于1亿元人民币。

In WangYaoHui expanding industry in the territory，One through the real estate project to obtain the huge bank loans，On the other hand through the art investment trust to play this issue a huge industry。In a book called《No art》Selection of the 2008-2010 year China's most influential clap a buy hands，WangYaoHui ranked sixth，The competition is the basic standard of measure a year not less than 100 million RMB yuan。

　　2010年春拍上，成立刚刚两个月的雅盈堂文化发展有限公司以4.368亿元的价格拍下了黄庭坚的《砥柱铭》。尽管根据工商资料显示，该公司法定代表人高潮，公司注册资本金1000万元。但根据多方资料显示，雅盈堂的实际控制人正是王耀辉。

In the spring of 2010 pat，Founded just two months of the surplus hall culture development Co., LTD. With 436.8 million yuan price took pictures of the huang tingjian《Breadwinners inscription》。Although according to the industry and commerce data shows，The company legal representative climax，The company registered capital of 10 million yuan。But according to various data shows，The hall of surplus to control the actual is WangYaoHui。

　　同年8月19日，雅盈堂与国投信托有限公司合作，推出《国投飞龙艺术品基金9号集合资金信托计划》，规模为1.5亿元，期限为1.5年-2年，这项信托计划于当年12月29日正式成立，目前还未到期。

In the same year August 19,，The surplus hall and international trust &investment trust Co., LTD cooperation，launched《International trust &investment art fund 9 dragons trust plans of assembled funds》，Scale is 150 million yuan，Deadline for 1.5 years-2 years，The trust plans on December 29, in the same year officially established，Don't currently expires。

　　随后的9月29日，雅盈堂联合吉林信托以上述名画抵押，成立《雅盈堂艺术品收益权集合资金信托计划》，募集资金4.5亿元，期限为2年。而在去年，北京信托发行的一款2年期《宝腾一号艺术品投资集合资金信托计划》，规模3.4亿元，也是由雅盈堂以自有资金认购次级份额，北京蓝色港湾置业有限公司提供连带责任保证。

Later on September 29，The full trust with the joint hall of jilin paintings mortgage，established《The surplus hall art earnings of the trust plans of assembled funds》，Raising capital of 450 million yuan，Deadline for 2 years。And at last，Beijing trust issue of a two-year notes《Proton's number one art investment trust plans of assembled funds》，Scale 340 million yuan，Also by the jas surplus hall with their own fund subscribe subprime share，Beijing blue harbour real estate Co., LTD provides joint liability assures。

　　截至2011年底，雅盈堂已发行4只信托，融资总额高达87392万元。而这家名为雅盈堂的公司现在已搬离了注册地址，目前地址不详。

By the end of 2011，The surplus hall has issued only 4 to the trust，The total amount of financing is as high as 873.92 million yuan。And the name of the surplus hall company has moved away from the registered address，At present address unknown。