Behind Ruixing’s thunder: three funds stepped on thunder, CICC and Xiang rafter were beaten

Behind Ruixing’s thunder: three funds stepped on thunder, CICC and Xiang rafter were beaten

Behind Ruixing’s thunder: three funds stepped on thunder, CICC and Xiang rafter were beaten
According to the 2019 annual report, the chain reaction caused by the thunderstorm of Ruixing Coffee showed that three public funds were involved, but the average holding ratio has an impact that can be controlled.The public fund’s 2019 annual report shows that there are two public funds holding Ruixing Coffee: ICBC Credit Suisse Hong Kong small and medium-sized RMB (002379).OF), Huitianfu Global Mobile Internet (001668.OF), holding 208 respectively.60,000 yuan, 3.02 million yuan, the number of shares is 0.760,000 shares, 1.10,000 shares, accounting for 2 of the net asset value respectively.49%, 0.84%, the proportion is not high, and the impact is limited.In addition, the fund’s annual report for 2019 shows that only one passive stock fund, GF Hong Kong Stock Connect Hang Seng A (501303), holds Hong Kong stocks.OF) Hold only 2.40,000 shares, accounting for only 0 of the fund’s net worth.18%.Wind data shows that on April 2, Ruixing Coffee, a US stock, plunged over 85% before closing, and closed down 75.57% has been from 26.2 USD / share fell to 6.4 USD / share.The market value evaporates 49.8.3 billion US dollars, equivalent to RMB 353.7.8 billion.Affected by Ruixing Coffee’s self-destructive financial fraud, the Hong Kong stock car rental of Hong Kong stocks belonging to the same major shareholder, Lu Zhengyao, fell sharply after opening on April 3, and fell 72%.42%, reported 1.96 made.The latest market value fell to 41.55 billion, evaporated 49 this morning.600 million feet.The Air Force, CICC, and Xiang Reng all supported Ruixing Coffee.As early as in February this year, Ruixing Coffee experienced a short report of muddy water anonymous, Ruixing’s joint account book manager (JBR) in the Nasdaq IPO CICC once supported Ruixing, saying that the number of samples of grassroots research data is limited.The anonymous short-selling report lacks valid evidence for the accusation of false increase in single store operation data.CICC said that the grassroots survey data began in the fourth quarter of 2019, but using alleged methods to claim the authenticity of Ruixing Coffee’s 2019 third quarter data, there is a time misalignment.At the same time, the short-selling report has insufficient grassroots survey data, a small number of samples such as the number of observation days and small tickets in the single store.Extra subjective.Xiang Ren, another well-known short seller, also stood up to support Lucky.The agency tweeted on February 1st: “Xian rafters do more Rui Xing, we received this short report of muddy water, Rui Xing is very popular in China.Xiang Rian commented on the muddy water, but the short report was not correct enough, and he looked forward to Ruixing ‘s response.”In response to this incident, Andrew Zuo, the founder of Hong Kong Rand, said in a reply to Bloomberg:” I met some shareholders of the company at the time and conducted some research to question the accuracy of the anonymous information.I didn’t expect to prove that they were accurate.Congratulations to those who believe in this report.”Sauna, Ye Wang Zhang Shuxin Editor Zhao Ze proofreading Li Shihui

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