Due to the “one death and one injury” of the actual controller, Juzhang capital, a private placement institution, was pushed to the forefront. (for details, click to view: the truth is on the way! The actual controllers of Shenzhen 10 billion private placement are “one dead and one injured”, the public security economic investigation and criminal departments are involved in the investigation, and there are many doubts about business compliance)
According to the letter sent by Juzhang capital to investors:
Lin Shuqing and Gu Jingteng, the two actual controllers of company, unfortunately caused one death and one serious injury due to an accident. The public security economic investigation department and criminal investigation department have officially intervened in the investigation.
at present, all investment businesses of the private placement are temporarily stagnant, including fund raising, dividend distribution and product redemption.
As soon as the news came out, it quickly aroused strong concern in the market, and various rumors were rampant. There were “armed fights”, “accidents related to investors”, and insiders disclosed that it was “suicide”.
On January 11, the 21st Century Business Herald reporter visited Juzhang capital in the storm. It was located in the office on the 35th floor of Shenzhen railway real estate building in Futian District. After arriving, he found that the office space had returned to calm, but there were few on-site personnel, only staff and security guards.
according to the press survey, two of the actual control persons were Taiwan, China. They were related to the relationship between husband and wife. The cause of the accident was related to the payment of the giant Zhang capital.
Public information shows that the compliance of Juzhang capital’s private placement business is in doubt. As an equity private placement, Juzhang capital does not have QDII qualification, but publicizes and raises funds abroad at a high rate of return.
Among the 13 Limited Partnership products in 2021, several products were suspected of multiple shareholders, but the products were not filed.
There are also equity based private equity funds that pay benchmark income on a monthly basis, which is directly related to the operation of public shares and real bonds under the key supervision of the regulators.
calm after the storm
On the morning of January 11, the reporter went to the Shenzhen headquarters of Juzhang capital, located in Shenzhen railway real estate building in the southwest of Shennan Xiangmi overpass, Futian District.
When entering the building, the property staff of the building did not ask too much except to check the yuekang code according to the epidemic prevention requirements.
After several twists and turns, the reporter arrived at the 35th floor of Shenzhen railway real estate building, Juzhang capital office space.
As soon as I got out of the elevator, a security guard came forward and said it was inconvenient to visit for many inquiries from the reporter.
Earlier, some media reported that the staff of the building disclosed that after the incident on January 6, the scene of Juzhang capital office was very bloody, during which there may be armed fights.
At the scene, the reporter found that there was no trace of chaos in the office space, and there were few on-site staff and security guards.
However, when the reporter took the elevator to the first floor of the building, he found that all floors could stop normally, while the elevator keys on the 35th floor of the company could not be used normally and could not stop entering.
According to people familiar with the matter, since the accident, the public security investigation department and criminal investigation department have been involved in the investigation, and Juzhang capital is completely under security control. Investors who ask about the company need to know through institutional sales personnel.
there are 40 existing funds, with a scale of nearly 4 billion yuan
According to the information publicly disclosed by China Fund Industry Association, Juzhang capital was established in September 2015 and completed the registration and filing in November of the same year, with a paid in registered capital of 50 million yuan. It is registered in Shenzhen Qianhai Free Trade Zone, and the organization type is private equity and venture capital fund manager.
According to the official website of Juzhang capital, the company focuses on IPO, refinancing (fixed increase and allotment), M & A and other project investments of listed companies. China has China’s Chinese international banking, securities, auditing and law industry. It has over 10 years of experience in international market investment, and has invested in the United States, Japan, China, Taiwan, China, Hongkong and Chinese mainland for many years.
Lin Shuqing is the founder of giant Zhang capital, with more than 10 years of financial experience. He has invested in equity and securities in overseas capital markets such as the US, Japan, China, Taiwan and China Hongkong all year round, and has good cooperation with overseas investment banks.
Enterprise investigation information shows that Juzhang capital is jointly held by Juzhang Investment Management Group Co., Ltd. and Lu Tingyan, of which Juzhang Investment Management Group Co., Ltd. is 100% held by Lin Shuqing. Therefore, Lin Shuqing holds 95% of Juzhang capital through Juzhang Investment Management Group Co., Ltd.
According to the incomplete statistics of the 21st Century Business Herald reporter, Juzhang capital has invested 69 enterprises abroad, and there are nearly 40 limited cooperative products, with a scale of nearly 4 billion yuan.
For example, Shenzhen Juzhang shining investment enterprise (limited partnership), established in May 2021, has a registered capital of 100 million yuan, the executive partner is Juzhang capital, and there are 47 shareholders in total. Except Juzhang capital and Shenzhen Xinghua diamond abrasive tools company, the other 45 are natural person shareholders.
cheat investors’ trust with high return and high return
public information shows that most of Juzhang capital’s businesses focus on overseas innovation such as Hong Kong stocks and Taiwan stocks.
According to the briefing of Juzhang investment in December 2021, Juzhang group participated in the investment of new shares of 3 Hong Kong stocks and 13 Taiwan stocks. In addition to the breaking of 2 Hong Kong stocks, 13 Taiwan stocks have brought good returns. Juzhang capital said: the yield is significantly ahead of the global market performance.
Insiders said that issuing products in China to raise funds abroad requires QDII qualification. How Juzhang capital can legally participate is worth studying.
What is more confusing is that in the record of China Foundation Association, Juzhang capital’s private fund manager is classified as equity, but Juzhang capital publicizes and raises funds abroad at a high rate of return.
In a product prospectus, Juzhang capital promised that in terms of income distribution, investors can obtain 12% of the benchmark annualized income and 30% of the manager’s performance remuneration.
Equity based private equity funds pay benchmark income on a monthly basis. Industry insiders said that this may also involve the operation of public shares and real bonds under the key supervision of the regulators.
So many issues related to fund compliance did not affect the fund raising of Juzhang capital.
In the 21st century, the amount of investment by journalists ranges from more than RMB 10 million to more than RMB 1 million.
“there have always been ways to cheat investors\’ trust with high returns and high returns.”
The founder of a private placement in Shenzhen said, “in the past, there were funds to receive funds for foreign exchange, with a return of more than 30% every year. Some earned and others lost.”
“Investors\’ money may have left the country.” According to the above private placement founders, it may have been a scam from the beginning, because many products of Juzhang capital have not been filed or entrusted.
regulatory purification market in action
On January 11, China Securities Investment Fund Industry Association announced the latest batch of 70 private placement institutions suspected of losing contact.
It is reported that in its recent daily work, the China Foundation association could not get effective contact with the 70 private institutions through their fixed telephone, mobile phone number, e-mail and other contact information registered in the asset management business comprehensive submission platform (i.e. amber system).
In fact, this is already the 42nd batch of private placement institutions suspected of losing contact announced by China Foundation Association.
A number of private equity fund principals said that private equity funds can enter the healthy development stage of the industry only by continuously strengthening professional compliance and continuous honest operation.
In August 2021, Yi Huiman, chairman of the CSRC, delivered a speech at the third member congress of the fund industry association. he said that private equity funds must return to the fundamental direction of private placement positioning and supporting entrepreneurship and innovation, adhere to the surname of private placement, and strictly standardize the operation of all links in the whole chain of raising, investment, management and withdrawal. we will continue to implement policies by categories, support the good and limit the bad, support real private placement, crack down on disorderly private placement, resolutely eliminate fake private placement, and promote the formation of good market order and industry ecology.
On October 21, 2021, at the 2021 Financial Street Holdings Co.Ltd(000402) forum, Wang Jianping, director of the second Marketing Department of the CSRC, attended the meeting and gave a speech, saying that the next step will focus on promoting the promulgation of the private placement regulations as soon as possible, supporting real private placement, cracking down on random private placement, resolutely clearing out fake private placement, preventing and resolving industry risks and other key work.
(source: 21st Century Business Herald)
