Red Star News
Red Star Capital Bureau reported on February 3 that on February 2, Wang Yawei, the former "first brother of public offering", once again attracted market attention because of a small essay. According to the first financial report, a brokerage practitioner said that according to his understanding, some brokerages have been liquidating Wang Yawei's products since last month. According to the latest revelations from the media, Wang Yawei has been missing for many days, and Qianhe Capital is currently presided over by his lover.
This afternoon, Qianhe Capital announced that due to personal reasons, Wang Yawei will not participate in the company's operation and management for the time being. At present, the company's management team is all on duty, effectively performing their duties and maintaining the normal operation of the company. At the same time, the company has disclosed the relevant situation to sales channels and investors, and arranged for the temporary opening of products in a timely manner. At present, the redemption work has been basically successfully completed, and the existing liquidity is sufficient.
The Beijing office was emptied last month, and the products may have been liquidated
According to Tencent News's "Frontline", a number of core people said that Wang Yawei has been missing for many days, and the Qianhe Capital he founded is currently presided over by his lover. A core source revealed that Wang Yawei has been missing for at least a month, and Qianhe Capital has also completed the withdrawal of external source capital.
The news that this time also includes the liquidation of the products managed by Wang Yawei, what is going on?
According to the Daily Economic News, a brokerage custodian said, "Qianhe is basically in the bank, its fundraising is mainly in several large bank channels, and the brokerage custody is also in CITIC Securities and Guosen Securities." ”
However, a brokerage practitioner said that in fact, the news has lagged behind, and some brokerages have been liquidating Wang Yawei's products since last month. Some channels also said that "most of Wang Yawei's products have been liquidated".
Note: The above data is from the private placement network
According to the data from the private placement network, the latest net value is China Resources Trust-Clouded Leopard No. 3, as of December 8, 2023, the latest net value is 1.3458 yuan, and the yield since its inception is 34.58%. The interruption of the net value update of China Resources Trust-Clouded Leopard 3 has also once again sparked speculation about the liquidation of its products.
According to Jiemian News, on the morning of February 3, the reporter visited the Beijing office of Qianhe Capital founded by Wang Yawei and learned about the situation from many staff members of Qianhe Capital, and all of them received a reply "I don't know".
Qianhe Capital's Beijing office is also the company's registered address for the AMAC. The property is located on Beijing Financial Street and is managed by Savills Property Management Co., Ltd. on Beijing Financial Street. Previously, Qianhe Capital leased half of the office on the seventh floor of the building, which has now been emptied and locked. The person in charge of the above-mentioned security department said: "The office was cleared last month, and the property locking generally means that the lease has been surrendered, and the management of the office space has been taken back by the property, and new tenants can move in directly." ”
He stepped down as the actual controller and partner of a number of enterprises
According to the company's information, on January 30, Wang Yawei ceased to be the executive partner of Tianjin Qiche Enterprise Management Partnership (Limited Partnership) (hereinafter referred to as "Tianjin Qiche").
On January 31, Wang Yawei ceased to be the actual controller of Xi'an Juxiande Medical Technology Partnership (Limited Partnership), Hainan Gechuang Enterprise Management Partnership (Limited Partnership) and Zhuhai Qiche Investment Partnership (Limited Partnership).
Founded on May 3, 2017, Tianjin Qicher, an investment institution under Wang Yawei, has directly invested in 11 projects, including Kaisheng Rongying Information Technology, Wisers Education Technology Group and Yunhe Enmo (Beijing) Information Technology Co., Ltd.
Xi'an Juxian Deyi and Hainan Gechuang are both investment projects of Wang Yawei.
At the end of 2023, according to the information publicity system of the Asset Management Association, Shanghai Xiheng Asset Management Co., Ltd. (hereinafter referred to as "Xiheng Asset"), which is actually controlled by Wang Yawei, submitted an application for the change of major matters, but the delivery status was once "returned for correction", and the industry once speculated that the company had the possibility of changing its executives.
But the final change did not involve Wang Yawei himself.
According to the latest data, the person in charge of compliance and risk control of Xiheng Assets has been changed from Ma Yugang (who previously worked in private equity such as Tamsui Spring and Shenzhou Mu Fund) to Liang Tianshui. The latter has been a manager at Qianhe Capital since March 2016 and a risk management manager at Xiheng Asset Management in 2023.
According to Yicai, a head VC president explained, "In a private equity institution, the information held by the person in charge of the risk control position is more sensitive and important, and the association is relatively strict in reviewing the replacement of the person in charge of the position, so the position of the person in charge of risk control is relatively stable. ”
Up to now, Wang Yawei is still the general manager and actual controller of Xiheng Assets.
It has been rated as "No. 1 in China" for three consecutive years, and has been taken away three times
According to a previous report by the National Business Daily, Wang Yawei is a star in China's secondary market, largely due to the glorious history he has created in China Asset Management. From 2009 to 2011, he was ranked No. 1 among Chinese fund managers by Forbes Chinese for three consecutive years. In 2007, he took charge of ChinaAMC Large Cap Select to become the market champion with a return of more than 226%, the following year, ChinaAMC Large Cap Select was the runner-up of the year, and in 2009, the fund won the championship again with a return of more than 116%.
Winning the championship twice in three years and winning the runner-up once, such a performance is basically unprecedented in the public offering industry, and it has never been seen since, and Wang Yawei himself and the Huaxia market have also become "myths" in the industry.
In 2012, Wang Yawei announced that he would leave China Asset Management, and in September of that year, he founded Qianhe Capital and held 90% of the company's shares as the largest shareholder. Relying on the founder's previous aura in public funds, Qianhe Capital has attracted the attention of investors since its inception, and its first private equity product "Yunfeng" has set a number of industry records in one go: the subscription threshold has refreshed the previous private placement record of 10 million yuan, reaching a maximum of 20 million yuan, and at the same time, the fundraising has easily exceeded 2 billion yuan, breaking the previous record of the highest initial offering scale of a single private placement.
On the evening of June 3, 2023, the news of Wang Yawei's being taken away came out for the first time, which shocked the market for a while. At 9 o'clock in the morning the next day, Wang Yawei was clarified by a rare circle of friends.
On October 13, 2023, a number of well-known financial bloggers broke the news that Wang Yawei was under investigation, and at that time, the staff of Qianhe Capital responded that the news such as Wang Yawei's "assistance in the investigation" was not true, and Wang Yawei was also working normally in the company.
And now, a private equity fund in Beijing told the media: "Wang Yawei has indeed lost contact, and its products have indeed been liquidated." As for whether the products managed by the company's other investment managers will be cleared later, it is uncertain. ”
According to the Asset Management Association, Qianhe Capital has a scale of 5 billion to 10 billion yuan, 21 employees, and 51 products under management. According to the company's dynamics published on the official website of Qianhe Capital, the market review for December 2023 was also released in early January 2024, saying that the bottom characteristics are obvious and the investment value of equity assets is highlighted.
Source: Red Star Capital Bureau
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