The China Securities Regulatory Commission (CSRC) filed an investigation into Zhejiang Ruifengda Asset Management Co., Ltd.
Recently, the media reported that the actual controller of Zhejiang Ruifengda Asset Management Co., Ltd. "ran away", which attracted the attention of all parties. In this regard, the China Securities Regulatory Commission attaches great importance to it and acts quickly to organize the China Securities Regulatory Bureau, the Asset Management Association and other relevant units to carry out verification.
On the evening of May 11, the China Securities Regulatory Commission said that from the current situation, Ruifengda Company was suspected of a number of violations of laws and regulations, and the China Securities Regulatory Commission decided to investigate it and deal with it strictly in accordance with the law. The China Securities Regulatory Commission (CSRC) has informed the public security organs and others of the situation and strengthened coordination and cooperation. In the next step, the China Securities Regulatory Commission will work with relevant parties to actively and steadily promote risk disposal, maintain market order, and effectively protect the legitimate rights and interests of investors.
In March this year, the product was still on the record
Recently, a news of "private equity fund Ruifengda Asset Management running away" has been circulating in the asset management circle. Judging from the public reports of a number of media, the economic investigation detachment of the Shanghai Pudong Branch has intervened in the investigation and taken measures to close the door, and some investors have reported the case.
According to the information published by the private equity fund manager on the official website of the Asset Management Association of China (hereinafter referred to as the "Asset Management Association"), Ruifengda is a private securities investment fund, with business types including private securities investment funds and private securities investment FOF funds, with a management scale of 2 billion to 5 billion yuan. The registered capital is 30 million yuan, the paid-in capital is 7.5 million yuan, the paid-in ratio is only 25%, and the last update time of the institution's information is April 28 this year.
In terms of investor subscription, Qiu Wenlong, the actual controller of the company, holds 80% of the shares, and Liu Licheng, the company's legal representative and general manager, holds 20% of the shares. Liu Licheng entered the financial industry in September 2006, and has worked in Beijing Jinhai Investment, Wuxi Siwei Financial Investment Consulting Co., Ltd., and Dubang Wealth Management Jiangsu Co., Ltd., and became the risk control manager of Jiangsu Fuxin Wealth Asset Management Co., Ltd. in July 2015, and the general manager of Ruifengda Assets in October 2016.
According to the public information, Ruifengda was established in October 2016 and completed the registration in May 2017. The registered address of the private placement is Huzhou City, Zhejiang Province, and the office address is located on the 5th floor of Building 8, Lane 727, Wuxing Road, Pudong New Area, Shanghai. The number of full-time employees is 12.
According to the special reminder of AMAC, Ruifengda's registered place and office are not in the same jurisdiction, and the rate of opening inquiry accounts for investors in the directional disclosure function of the letter disclosure backup system is less than 50% (excluding 50%), and there are overdue and unliquidated funds. The last item refers to the existence of private equity funds in Ruifengda that have exceeded the maturity date for 3 months and has not submitted a liquidation application.
Ruifengda's product information shows that it has filed a total of 70 private placement products, of which 2 have been liquidated in advance, and the remaining 68 products are still in operation, and more than half of the products are custodians of China Merchants Securities.
In fact, in March this year, Ruifengda Assets was still filing new products. According to the information of the AMAC, Ruifengda Assets filed Ruifengda Fuer Joy No. 1 Private Securities Investment Fund on March 22 this year, and Ruifengda Jingwei No. 1 Private Securities Investment Fund on March 19.
Appeared in a number of new third board companies
List of top 10 shareholders
According to news in the industry, after Ruifengda Assets invested in the product, the bottom was mainly invested in the new third board stocks. According to the statistics of Flush iFinD, according to the disclosure of its 2023 annual report, many of Ruifengda's products appear in the list of the top ten shareholders of many companies listed on the New Third Board, such as Hejia Tianjian, Bangkele, Weifuji, Youlian Shengye, Agrosman Technology, Haotian Energy Storage, etc. For example, Wei Fu Ji's 2023 annual report shows that as of the end of last year, Ruifengda's Ruifengda Shirui No. 1, Ruifengda Ruixue No. 2, and Ruifengda Ruijin No. 2 were listed in the list of the top 10 shareholders of Wei Fuji's ordinary shares.
(Screenshot from Flush iFinD New Third Board Company Information Top Ten Shareholders)
Among them, a number of listed stocks have recently seen an obvious high volume. On May 7, the turnover of Hejia Tianjian and Agrocarpus Technology was as high as 43.84 million yuan and 32.06 million yuan respectively, which was a historical amount.
A private equity fund with a formal record and reaching such a scale suddenly "ran away", which shocked all parties in the market. At present, the China Securities Regulatory Commission has filed a case for investigation against Ruifengda and reported the situation to the public security organs. What are the specific violations of laws and regulations of Ruifengda, which are subject to further notification by the regulatory authorities. It is believed that with the intervention of the China Securities Regulatory Commission and relevant departments, the "runaway" turmoil of Ruifengda may come to light in the near future.
Source: Financial Times client
Reporter: Yang Yi
Editor: Duan Jiaxi
Email: [email protected]