Ding Yifeng thunderstorm, "Taoist" played hundreds of billions of funds: take investors to read the "Tao Te Ching" every morning
"Core Tips"
The Big Dipper Pyramid has just been capped, but Ding Yifeng's good luck may come to an end. With one hand of finance and the other hand of cultural tourism, how did the financial Taoist reap hundreds of billions of wealth?
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Edited by Xing Yun
At the end of November last year, the Changbai Mountains were already covered with snow. On the snow-covered black earth stands the rudimentary shape of a pyramid. The tower crane on the construction site is busy, and in the planning, there are seven similar pyramids, known as the Big Dipper Pyramid.
According to the project's promotional video, it is "a hub that connects the cosmic light wave magnetic field of the Big Dipper in the Milky Way and can absorb cosmic aura." In the mouths of investors and financial managers, as long as they spend 30,000 yuan, "take hair, 10 fingernail covers, and 10 toe covers" and store them in the pyramid, according to the quantum entanglement theory, they can change their lives. Such a feng shui treasure is limited to 10,000.
However, when the main pyramid was topped out, Sui Guangyi, the project's largest investor and chairman of the board of directors of Ding Yifeng Group, was in the whirlpool, and his capital empire was already collapsing.
Since July 2023, many investors who have purchased Ding Yifeng wealth management products have found that the dividends are no longer on time, and the bad news is like a plague, gradually spreading among investors. At first, investors who did not have a thunderstorm resolutely defended Ding Yifeng until the products they bought also had problems.
According to media reports, many investors have mortgaged their principal. It is not yet known whether the collapse of Ding Yifeng will trigger a chain effect on the property market.
In terms of rate of return, in the past many years, the annualized return of Ding Yifeng to investors is much higher than that of other products on the market, and can even reach a three-year rate of return of 300%; in terms of stability, there are indeed investors who have been buying products for more than 5 years, and they have never been overdue before; talking about theory, Ding Yifeng claims to be based on Chinese culture, summing up his own set of investment logic; talking about customer stickiness, Ding Yifeng even takes investors to read the Tao Te Ching at the morning meeting every morning.
So the people who made money became more and more determined, until the thunder exploded, and the former investors seemed to have a hard time believing that they did not really understand the meaning of investment because they followed Ding Yifeng, but just fell into a relatively large capital plate.
Whether this money game planned by Ding Yifeng is really over, no one dares to make a conclusion. But what is certain is that the capital market will collapse, it is only a matter of time before it is done.
1. "Huge benefits"
On January 10, a notice from Ding Yifeng International Asset Management Group circulated in the market, which stated that in order to achieve the smooth listing of Ding Yifeng on the international digital asset exchange, all investors will not be able to withdraw for 9 months from January 10, 2024. In the notice, this news is defined as "the great success of all Ding Yifeng people, which is a huge benefit and a huge return to the majority of investors".
Although the listed company Ding Yifeng did not admit that the "good notice" was issued by itself, investors still panicked in the face of such a huge pie that came from nowhere.
According to a report by the Securities Times, many investors have recently come to Ding Yifeng's office building in Shenzhen to inquire about the company's situation. The investment manager of Ding Yifeng also frankly told everyone that the company really has no money at present and cannot pay it.
According to the company's official website, Ding Yifeng Group has accumulated assets under management of 100 billion Hong Kong dollars. Not only is the scale large, but the promised rate of return is also extremely high, and the three-year product can even reach a rate of return of 300%.
It is reported that Ding Yifeng was established in 2011 and has been in the capital market for many years. Some investors said that they began to buy Ding Yifeng's products in 2017 and have not exploded so far. This is also why Sui Guangyi, the chairman of the board of directors of the company, still has many followers, who affectionately refer to Ding Yifeng as "Lao Ding", himself as "Ding Family", and Sui Guangyi as "Master".
Sui Guangyi, founder of Ding Yifeng, source: Ding Yifeng official WeChat
"Daily Economic News" reported that even on the cusp of the storm, on the morning of January 17, Ding Yifeng still held an online morning meeting normally. At the morning meeting, investors recited the Tao Te Ching together as usual. This tradition dates back to 2018 or earlier, and is used by followers as evidence of Ding Yifeng's "rule of virtue in business".
Thunderstorms are foreshadowed. On social platforms, some investors said that from June 2023, the maturity of the principal will no longer be able to be recovered. In November, the investor's complaint continued to spread, and an anonymous will was even circulated on the Internet, saying that he had been asking for the principal in the Ding Yifeng office building for more than 24 hours, hoping that the family would immediately report to the police.
Previously, the Shenzhen Financial Bureau has issued a risk warning letter against Ding Yifeng more than once. In February 2023, the Shenzhen Financial Bureau said that Ding Yifeng's business entity in Shenzhen does not hold a financial license and does not have the qualifications to engage in financial business. The November notice made it more clear that Ding Yifeng has been difficult to pay.
Even so, many investors who have been eating high-interest dividends for many years still choose to believe in and maintain Ding Yifeng.
2. The myth of investment in Chinese culture has been shattered
"Some people want to know about Ding Yifeng, where to make money, what method is used to implement capital risk control, and what method is used to manage a great ......enterprise?
Sui Guangyi once said at the 2016 annual meeting of Ding Yifeng. In this video circulating on the Internet, Sui Guangyi has a long beard, thick eyebrows, and a firm tone and demeanor. During the speech, the audience applauded several times.
According to the official website of Ding Yifeng, the soul of the company is the founder of the value investment theory system of oriental classical philosophy, integrating the research experience and background of business, politics and Chinese studies: at the age of 32, he became the deputy mayor of Dunhua City, Jilin Province, the youngest deputy mayor in Jilin Province at that time. At the age of 49, the investment theory system gradually improved, and Sui Guangyi went south to Shenzhen to found Ding Yifeng.
The so-called investment system of Chinese culture is summarized into eight theories and displayed on the company's official website, including physical concepts such as "coupled oscillator" and "gravity". At the same time, Sui Guangyi applied for the copyright of this set of "Zen and I-Ching Investment Law" and transferred it to Ding Yifeng Company.
Such a seemingly multidisciplinary and quite rich theoretical system, although Sui Guangyi became the owner of the listed company, did not make the company make any money.
From the purchase of shares to the appointment of the chairman of the board of directors in 2015, from the advance of capital for the then "China Investment Fund Corporation" in 2017 to the official announcement of the listed company to "Ding Yifeng" in 2018, Sui Guangyi's capital operation path seems to be more "wild" than the general backdoor listing.
Wind data shows that since 2015, only three of the eight annual reports released by Ding Yifeng have achieved positive net profit, and even four years of total operating income have been negative. In 2022, it will be its darkest moment, with operating income and net profit both falling to the lowest trough, -205 million yuan and -301 million yuan respectively.
According to public information, Ding Yifeng is a well-known large stock in the Hong Kong stock market, and in March 2019, it was also ordered to suspend trading by the Hong Kong Securities and Futures Commission on suspicion of stock price manipulation. Just one day before the resumption of trading, Sui Guangyi resigned as chairman of the board of directors and was replaced by Ma Xiaoqiu, another soul figure of Ding Yifeng Group. After the resumption of trading, Ding Yifeng fell for five consecutive days and then suddenly rose, soaring 280.22% in one day. Some market news interprets it as the trust of the capital market in Ma Xiaoqiu.
Ma Xiaoqiu is also rumored to be a miracle among investors: a writer, a well-known entrepreneur, the chairman of the board of directors of many Hong Kong-listed companies, and like Sui Guangyi, he is familiar with Chinese culture. A video circulating on the Internet shows that Ma Xiaoqiu once performed the Rap version of "Tao Te Ching" at the Ding Yifeng annual meeting.
However, in February 2023, Ma Xiaoqiu has resigned from all positions in Ding Yifeng. The Securities Times reported that he is currently in police custody for running away with money and is currently on bail pending trial.
3. Build a pyramid on Changbai Mountain
In fact, the stock, which now has the ticker symbol "0612.HK" and is called "Ding Yifeng Holdings", has undergone several name changes, most recently in June 2023, shortly after the first risk warning letter issued by the Shenzhen Financial Bureau.
The information of the two risk warning letters is taken together, and the business model and development mode of Ding Yifeng are basically restored. For example, Ding Yifeng mainly publicizes through tea parties, evening parties, reading clubs, listing conferences, etc., and the underlying assets they claim are not only the original equity, options and other targets, but also industrial concepts such as "light wave magnetoelectric therapy". And there are many related entities, such as "Yuanfeng", "Yuanhui", "Yuanheng", "Wanding", "Tianding", "Jiading", "Huayin" and other branches.
Videos posted by investors on social platforms show that a certain UAE prince visited the Yuanfeng branch of Ding Yifeng Group on November 16, 2023, and delivered a speech at the exchange meeting. Subsequently, an investment group in the United Arab Emirates signed a strategic cooperation agreement with Ding Yifeng. Coincidentally, the "Securities Times" reported that an investment manager surnamed Li of Ding Yifeng said that Sui Guangyi is currently seeking cooperation with a Middle Eastern consortium.
However, previous media reported that the so-called Prince of the United Arab Emirates is actually one of the many members of the Sharjah royal family, and he and his November itinerary have not been reported by official media at all.
In recent years, Ding Yifeng Group's business segment has continued to expand. At present, the company's listed companies also include Huayin International Holdings (00989.HK) and Venture Group Holdings (02221.HK). Among them, Chuangye Group is an environmental protection water company, while Huayin International Holdings mainly carries out real estate business in Jilin. The controlling party of Huayin International is Sui Guangyi's Jilin hometown, the daughter of Chai Xiu, the former actual controller of "Miaokelando".
In August 2022, Huayin International's controlling shareholder sold 1 billion shares to a company controlled by Sui Guangyi. Since then, Sui Guangyi has become one of the important shareholders of Huayin International.
However, Huayin International still does not recognize the company as a division of Ding Yifeng. After the Shenzhen Financial Bureau's risk warning letter was issued, the listed company issued a clarification announcement, saying that the regulator's allegations did not involve the company. In the financial report, the Company stated that Sui Guangyi was responsible for overseeing the continuous evaluation of the Group's existing business performance and the Group's expansion and business diversification strategies.
The diversification strategy refers to the cultural tourism industry in which it cooperates with Ding Yifeng. For example, Ding Yifeng will focus on promoting the Big Dipper Pyramid in 2023. In the official narrative, it is called the Dragon and Lion Valley of Changbai Mountain, located in Hanzhang Township, Dunhua City, Jilin Province, and construction began on July 7, 2022. Not only representatives from Wanding Group, a subsidiary of Ding Yifeng, but also Li Junjie, CEO of Huayin International Holdings Group Co., Ltd., also attended the groundbreaking ceremony.
Tianyancha information shows that Xue Kun, executive vice president of Wanding Group, is also the legal representative of Huayin International Holdings Zixia Real Estate Development (Dunhua) Co., Ltd.
At present, the cooperation between Huayin International and Ding Yifeng continues. According to the annual report information, in June 2023, two subsidiaries of Huayin International and Ding Yifeng established a joint venture to continue to develop the Dunhua cultural tourism project, which covers an area of about 64,900 square meters and will include commercial and residential sectors.
Although Huayin International only described Longshi Valley as a cultural tourism industry in its financial report, it was gilded with a mysterious halo on Ding Yifeng's side. In the video released by Ding Yifeng, it was declared, "The pyramid of the Dragon and Lion Valley is the hub connecting the cosmic light wave magnetic field of the Big Dipper in the Milky Way, which can absorb the aura of the universe." Previously, Phoenix.com's "Eye of the Storm" reported that Sui Guangyi had said at the Ding Yifeng morning meeting that the Big Dipper Pyramid was about to be capped, and "all good things will come when the time comes."
On November 9, an account named "Hong Kong Ding Yifeng Holding Group" posted a video on social media, saying that the main tower of the Big Dipper Pyramid had been topped out on November 9. But the news of the collapse of the capital disk has come out, and Ma Xiaoqiu, as one of the soul figures, is also controlled by the police. The good luck in Sui Guangyi's mouth, can you still wait for it?