On April 9, Shanghai Hehe Capital Investment Fund Management Co., Ltd. announced that the company had encountered a major business crisis, its main assets could no longer be redeemed, and the company was no longer able to bear the various payment obligations that were about to expire. What's even more astonishing is that Lin Qiang, the company's actual controller and CEO, has been missing for 7 months. For a time, there was an uproar from all walks of life, and many products under the Hehe Capital Department began to have redemption difficulties.
It is reported that Lin Qiang is the soul of Hehe Capital Fund, and the company's development and growth are inseparable from his personal ability. Since his disappearance in August last year, his whereabouts have become a mystery, leaving many suspense to be solved. According to people familiar with the matter, Lin Qiang tried to promote a series of reform measures before he disappeared, but with little success, and the company's crisis had already appeared. Now Lu Qiang's whereabouts are unknown, the company is mired in debt, and the outlook is not optimistic.
What's even more interesting is that Lin Qiang still has the title of "Top Ten Outstanding Youths". According to public information, Lin Qiang has been widely recognized by the industry for his outstanding performance and risk control capabilities. The hero is in the twilight, and the scenery was infinite, but now it is full of chicken feathers. This former star fund manager has become a "lost boss", which can't help but sigh.
In fact, the risks of Hehe Capital Fund have long been known. In August last year, a well-known self-media person issued an article questioning the risk of just redemption of Hehe's first products, but it did not attract enough attention at that time.
It wasn't until this sudden announcement that the market suddenly realized. There are various indications that there are serious loopholes in the internal control of Hehe Capital Fund, and the risk control system is in vain. As the helmsman, Lin Qiang took his personal style to the extreme, acted recklessly, and eventually caused a catastrophe.
The cashing crisis of Hehe Capital Fund has once again sounded the alarm: financial innovation cannot be separated from risk control, and the blind pursuit of high returns will inevitably lay the root cause. Especially in the current economic situation, it is more necessary to operate prudently and operate in compliance. Otherwise, it will not only damage the interests of investors, but also destroy its future and pay a heavy price.
For the majority of investors, Hehe Capital Fund is undoubtedly a thunderbolt. Up to now, a total of 13 products of Hehe Capital have had a redemption crisis, involving billions of yuan. In the face of the bleak prospect of redemption, investors have changed their color when talking about "cooperation" and have sought legal ways to protect their rights.
Hehe Capital Fund is insolvent, and even if it wins the lawsuit, it will be difficult to obtain substantial compensation. Investors' hard-earned money may be difficult to recover, and another painful wealth lesson is being staged.
It is worth mentioning that when the company was in crisis, Lin Qiang disappeared. An insider broke the news that Lin Qiang had transferred a large amount of funds overseas before he lost contact, and he was suspected of intentionally dumping the pot. From this point of view, Lin Qiang is not only a derelict leader, but also an "old man" who has lost his integrity. His so-called title of "Outstanding Youth" is nothing more than a piece of paper, and it is difficult to hide the essence of his moral degradation.
The collapse of Hehe Capital Fund once again verifies the old saying: "People have no long-term concerns, but they must have near-term worries." "As a financial institution, we must always maintain risk awareness, strengthen internal control construction, and maintain the moral bottom line.
Only by sticking to the original intention and keeping the mission in mind can we achieve steady and far-reaching results and win the trust of the market. As an investor, you should also raise your risk awareness, look at high returns rationally, and don't fall into scams for temporary gains.
At this time, the regulatory authorities should take effective measures to conduct a comprehensive investigation of Hehe Capital Fund, severely punish violations of laws and regulations, and protect the rights and interests of investors to the greatest extent. At the same time, it is necessary to draw inferences from one another, strengthen industry supervision, improve the risk prevention and control system, and create a benign ecology for the capital market. Only in this way can we restore the confidence of the industry and promote the sustainable and healthy development of the financial industry.
The cashing crisis of Hehe Capital Fund has sounded the alarm for the capital market. It is hoped that this lesson will arouse deep reflection in the industry and awaken more financial practitioners to their risk awareness and responsibility. While pursuing profits, we must stick to the bottom line, stand up with faith and righteousness, and govern the industry with integrity.
Only by adhering to the original intention and sticking to the rules can we create a bright future for the high-quality development of the financial industry. I hope that Lu Qiang's loss of contact is just an isolated case, not a normal situation. Let us work together to build an honest, standardized and transparent capital market, inject a steady stream of fresh water into the real economy, and create more wealth opportunities for investors.