A few days ago, an article entitled "Private first Brother out of Public sight" went viral in moments, pointing to 10 billion private equity firm Jinglin assets and its real controller Jiang Jinzhi. It is said that in the 15 years since its establishment, with a cumulative income of 2535.1%, the real Chinese "stock god", who has created a "myth" of more than 25% of the performance for ten consecutive years, Jiang Jinzhi, the "first brother of private equity", has been deliberately far from the public eye for some reasons. However, Jiang Jinzhi was recently arrested in Hong Kong, and the 10 billion Jinglin Building will fall.
On the evening of the 14th, Jinglin assets issued an official statement saying that articles about negative information about Jinglin and Jiang Jinzhi, the actual controller of Jinglin, were seriously untrue and were suspected of defamation, and relevant legal procedures would be initiated to investigate the perpetrators. At the same time, on the evening of July 14, Jiang Jinzhi's moments also released a photo celebrating the birthday of his colleagues.
It is worth noting that this article appeared as early as March and April this year, and it was first posted on an online community platform. Jing Lin contacted the online community platform at that time, so this article was marked as false information. However, over the weekend, the media released the report, which attracted attention from all walks of life.
Ten billion Jinglin Mansion will fall?
The company responded: rumors!
According to the "rumor" article, Jiang Jinzhi's rise in the private equity circle depends entirely on the support of the "Wudaokou" circle, and is inextricably linked to the Shenzhen Stock Exchange, Shanghai Stock Exchange and even Zhang Yujun, assistant chairman of the China Securities Regulatory Commission, who was arrested in 2015. He also said that as the commander-in-chief of rescuing the city, Zhang Yujun communicated closely with Jiang Jinzhi during the stock market crash in June-September 2015. Zhang Yujun conveyed the key information of the rescue strategy to Jiang Jinzhi, so that Jiang Jinzhi could know in advance the specific plans of the Securities Regulatory Commission to suppress leveraged funds in the stock market, clean up capital allocation, and rescue the market, and make use of the rescue policy to ship goods and short the stock index to make a reverse profit.
However, with the arrest of Zhang Yujun in 2015, Jinglin's almost mythical investment returns began to fluctuate sharply. The article said: in addition to the sharp pullback caused by the financial crisis in 2008 reached 43.5%, Jinglin's historical retracement for more than a decade is mainly concentrated after 2015. The official results disclosed in 2018-20.04% are close to the highest withdrawal value in history. At the same time, Jiang Jinzhi also began to sell a lot of assets and left the mainland for Hong Kong after the 2015 stock market crash for three and a half years, but never set foot in the mainland after obtaining the long-term right of abode in Hong Kong.
However, on July 14, Jinglin assets issued an announcement to solemnly refute the above report:
First, the contents of the relevant articles are seriously untrue and are suspected of defamation. We will initiate relevant legal procedures to investigate the legal responsibility of the perpetrators.
Second, in accordance with the provisions of the measures for the Administration of Internet Information Services, the relevant publishing platforms are requested to immediately stop publishing and disseminating the contents of the relevant articles. Jinglin reserves the right to safeguard its legitimate rights and interests.
According to industry insiders, Jinglin's current operation is normal. Jiang Jinzhi, who works and lives mainly in Hong Kong, China, has managed fund products both at home and abroad. The operation of the product is also very normal, the revenue can be said to be very good, ranking first in the industry this year. Jinglin's plans for the subsequent release of products have not changed, everything is operating in the direction of the original plan, without any impact.
However, although Jinglin assets refuted the announcement, it also told the media: it is not convenient to accept external interviews at this stage, everything is subject to the company statement. As a result, some market participants have questioned why Jiang Jinzhi, who has been working and living in Hong Kong for a long time, did not go back to the mainland to clarify in person when the relevant negative rumors were fermenting. It is reported that on the afternoon of July 16, Jinglin controller Jiang Jinzhi will hold a customer communication meeting, which will take the way of video connection. At that time, we can find out through communication.
Jinglin: the performance in half a year is not bad
In China, Jinglin assets has been regarded as a leading institution by the private equity industry, which is related to its long-term establishment and excellent performance in the past. Since the beginning of this year, the average return of private equity products under Jinglin Asset Management has exceeded 30%, ranking first among the 10 billion private offerings in China. According to private placement network data, Jinglin assets has a total of 195 products, showing the performance of four fund managers, namely, Jiang Jinzhi, Gao Yuncheng, Jiang Tong and Jin Meiqiao, a total of 20 products.
In 2018, as the "rumor" article said, most of Jinglin's products did not perform satisfactorily, removing the once defensive and offensive characteristics. That year's pullback was more than 20%, and it was the worst year in years. The state of Jinglin has rebounded this year. According to financial statistics, the average performance of Jinglin assets in the first half of the year exceeded 30%, ranking first among 10 billion private equity. The number of private placement networks is even better. Shanghai Jinglin Asset Management Co., Ltd. has earned 35.41% so far this year, making it an absolute leader among private equity on the scale of 10 billion yuan.
Among them, Jiang Jinzhi owns a total of five fund products, namely: Golden China Fund, Jinglin China Alpha Fund, Jinglin Global Fund, Foreign Trade Trust-Ruijin No. 29 Jinglin pluralistic Strategy and liquidated Changan Trust-Changan Investment No. 266. The returns of the above-mentioned unliquidated funds as of the latest data of the private placement network are 27.22%, 12.23%, 31.85% and 42.07%, respectively.
However, the private placement network, which often updates the latest net worth data in real time, lists Jiang Jinzhi's core products, the "Golden China Fund", which has earned more than 22.35 times its income in 15 years, and the latest data have not been updated as of May 31. I don't know if it means anything.
Heavy consumer leader 1 billion betsWuliangye
According to the data, at the end of the first quarter, Jinglin assets had five heavy stocks in A shares, namely Wuliangye,Dahua shares 、 Hesheng silicon industry 、 Shenzhen Airport 和 Fu Anna 。
Among them, Wuliangye is the largest heavy stock, and the holding product is Jinglin value Fund, with 10.53 million shares and a total market capitalization of 1 billion yuan. Wuliangye is the tenth largest tradable shareholder in the first quarter of this year. Year to date, the share price of Wuliangye ushered in the outbreak, up 154.36%, Jinglin value fund should reap a lot.
Another heavy stock is Dahua shares. Jinglin Global Fund and Jinglin value Fund are the eighth and ninth largest shareholders respectively, holding a total of 38.72 million shares, with a market value of 630 million yuan. Dahua shares have an average performance this year, and if Jinglin's entry position is high, it may still be in a state of floating losses for the time being. Although several other stocks are on the list of the top ten tradable shareholders, but the market capitalization of their positions is not high.
According to the official website of Jinglin, Shanghai Jinglin Asset Management Company ("Shanghai Jinglin") is an asset management company that mainly invests in the stocks of domestic and foreign listed companies. Since 2006, it has been managing A-share trust investment plans, such as Jinglin steady and Jinglin bumper harvest, which focus on investing A shares. It has won the trust from large institutional investors and high net worth individual clients with excellent performance and professional management.
Jiang Jinzhi graduated from the School of Management of Wuhan University and received a master's degree in international finance from the Graduate Department of the people's Bank of China (the current Wudaokou School of Finance, Tsinghua University) in 1992. After that, Jiang Jinzhi began his financial career in the listing department of the Shenzhen Stock Exchange. Joined in 1996Guoxin SecuritiesAs assistant to the president, in charge of asset management business.
In 1999, Jiang Jinzhi went to the University of California, Los Angeles to study finance and real estate for a year. After returning to China in 2000, he founded Zhengda Investment (Prosperity Investment Limited) and served as chairman of Guangdong Securities in Hong Kong. In 2003, Jiang Jinzhi passed the CFA examination in Hong Kong and obtained the qualification of chartered financial analyst. In early 2004, Jiang Jinzhi founded Jinglin assets.