Another batch of 22 missing private equity firms will be cancelled!
htmlOn the evening of August 10, the China Fund Industry Association disclosed the seventh batch of missing private equity firms that will be cancelled. Since the public announcement period expired for three months and the association was not actively contacted, the 22 missing private equity firms will be cancelled.
Since the implementation of the private equity loss disclosure system, the association has announced a total of 23 batches of missing institutions and 6 batches of missing institutions that have expired for three months and have not actively contacted the association, and has cancelled the registration of 135 private equity fund managers.
hot money and the two private securities equity firms led by the stock king lost contact
"Wenzhou Gang" hot money" Ma Yongwei, and Jinhui Investment, led by the "Sanqin Stock King" Ruan Jie, are particularly prominent among these private equity firms that have been cancelled due to the loss of contact.
The Wushen Assets, headed by Ma Yongwei, a representative of the hot money of the "Wenzhou Gang", was established in December 2013 and was registered in January 2015. It has registered two fund products, "New Era Hongfu" and "Wuben No. 1 Private Equity Securities Investment Fund".
It is understood that Ma Yongwei used his financial advantages to "stop the daily limit" and false orders to "pick the daily limit" to snipe many A-share stocks to obtain huge profits. In 2017, the China Securities Regulatory Commission imposed a fine of approximately RMB 45.77 million on Ma Yongwei.
Another Jinhui Investment helmsman Ruan Jie is known as the "Sanqin Stock King". He joined the stock market in 1996 and has won the championship in many stock real-time competitions. Jinhui Investment was established in July 2007 and registered in June 2014. There are 8 registered products, of which 5 show "delayed liquidation", 1 "preliminary liquidation", and 2 "in operation".
Ruan Jie was once a legend in the stock market. He first traded stocks by himself, then traded stocks on behalf of others, then issued private equity products, and opened an investment company. There are many reports about Ruan Jie: Ruan Jie won the championship of the stock trading competition again, Sunshine Private Equity Xinpeng shrank by 60% in the first phase, and Sanqin stock king fell from the altar, etc.
The earliest product that Ruan Jie "takes" - Shenzhen Guotou Xinpeng Phase 1 Securities Investment Collective Fund Trust. Since its listing at the end of 2007, its net value has almost fallen all the way, with a minimum loss of more than 80%. It is known in the industry as the worst private equity trust product in China Sunshine Private Equity Fund . Some investors once reported that their funds were used by Jinhui Investment in futures speculation, with a loss of more than 88%.
Wusheng's assets have been missing since January 2018, and Jinhui Investment was announced to be missing in April 2018.
Zhongxin Fuying once hyped " monster stock " and was punished by the China Securities Regulatory Commission
Zhongxin Fuying, who once manipulated "monster stock" Tel A, was once issued a huge fine by the China Securities Regulatory Commission.
Zhongxin Fuying was established in September 2014 and registered in April of the following year. At the same time, three products of Zhongxin Fuying were also registered, all of which were established in 2014. The private equity firm has attracted much attention for manipulating the "monster stock" Tel A.
From July 10 to August 28, 2015, Zhongxin Fuying controlled the use of account groups, concentrated funds and shareholding advantages to continuously trade, and conspired to manipulate the stock prices of TEL A and Delis, and sold in reverse to make a profit. Among them, manipulated the price of Tel A's stock price to make a profit of about 150 million yuan. In the end, the China Securities Regulatory Commission confiscated 147 million yuan of Zhongxin Fuying's illegal income and fined 440 million yuan.
Two missing equity private equity run away with money
Jinlian Asset Management Group Co., Ltd. Chairman Lu Shangjian, who "runs away" with money in December 2017. He was arrested and brought to justice by the Suzhou City public security organs at the beginning of this year on suspicion of "illegal absorption of public deposits".
According to investors, as of Lu Shangjian's run away, Jinlian Group had not redeemed nearly 300 million yuan of funds, and the victims were Suzhou City, Jiangsu Province, Wuxi City, and Guangzhou City, Guangdong Province, with about 600 people.
In addition, on December 15, 2017, Jinrui Technology, a company controlled by Lu Shangjian, issued an announcement stating that the chairman took away the company's working capital of 5.2 million yuan, and quietly pledged the company's shares he held and borrowed 10 million yuan. At that time, Jinrui Technology also reported the case on the grounds that "the chairman lost contact and took away the company's working capital."
On January 4, 2018, Jinrui Technology announced that Lu Shangjian was arrested by Suzhou Municipal Public Security Bureau for suspected "illegal absorption of public deposits."
Another missing private equity firm, Shanghai Dajun Investment Management Co., Ltd., reported in April 2016 that the investor of its Jinan branch had not yet been redeemed. When he went to the company to ask for an explanation, he found that the door was closed and the building was empty. It is revealed that the company has more than 50 investors and about 43 million yuan of funds have not been redeemed.
Shanghai Dajun Investment Management Co., Ltd. Jinan Branch has multiple projects, four well-known: Jinan No. 1 Mall Investment Fund, Jining 1 High-end Equipment Manufacturing Investment Fund, Fu'an No. 1 Ship Investment Fund, Qidong Poly No. 2 Investment Fund.
According to investors, all four projects have been stopped, among which the ship fund is virtual and does not exist at all. The Jinan Mall project is underground civil defense, and no one has worked long ago.
Two equity private equity firms are involved in self-financing and fraud
Equity private equity firm Zhonglong Huaxia established in October 2008. There are 3 funds registered in total, one of which is the "Green Valley Waterfront Ecological Tourism Industry Private Equity Investment Fund", which is used to subscribe to the "Kaiyuan Zhihui No. 4 Targeted Asset Management Plan", and the funds actually flow into the financing party Shaanxi Futong Fengrun Real Estate Co., Ltd.
According to the Economic Observer, the relevant person in charge of Kaiyuan Securities introduced that Zhonglong Huaxia and Futong Fengrun Real Estate are the same person, so Zhonglong Huaxia is suspected of self-financing.
On April 2, 2018, Zhonglong Huaxia was included in the missing link list. Green Valley Waterfront Private Equity Fund, which originally expired on May 27, 2018, defaulted on the contract. There was also news that its actual controller had been detained for public prosecution.
Another missing private equity fund, Longde Fund, once participated in the "Deshun Investment-Shanghai Baoshan Baosong Plaza Special Fund Plan". The fund began issuance in January 2014, with an investment term of one year, an expected rate of return of 13.0%, and a total scale of 150 million yuan.
However, when the investment period arrived in February 2015, the principal and interest of investors did not arrive as expected. Li Jintao, the legal representative of Longde Fund, was in a "hide-seek" state after the incident and was revealed to have lost contact because Longde Fund encountered difficulties and was in poor spirits.
It is understood that after the real estate financing project of Baosong Plaza Co., Ltd. in Baoshan District, Shanghai, was reported by investors for suspected contract and financial fraud. The Economic Investigation Detachment of the Baoshan Branch of the Shanghai Public Security Bureau has filed a case for investigation in 2015.
This week, seven new private equity firms lost contact
On the evening of August 8, the China Fund Industry Association disclosed the 23rd list of private equity firms that planned to lose contact. 7 private equity institutions are "on the list". These include two private equity institutions that have attracted much attention recently.
Asia Nugget Investment Management (Beijing) Co., Ltd., "crowd-funding stock trading" exceeds 10 billion yuan, and was investigated for suspected fundraising fraud, and the actual controller has run away;
Shenzhen Qianhai Zhongjing Guotou Equity Fund Management Co., Ltd.: There is a serious redemption crisis, with more than 1.8 billion yuan in funds involved, and the actual controller has also run away...
This article is from China Fund News
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