It is true that Jin Cheng group is suspected of collecting money illegally? Jin Cheng group is suspe

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Jin Cheng fortune still exploded.

Be suspected of collecting money illegally

Fact of Jin Cheng group accuses a person to be adopted criminal coercive measures

Arch villa police reports: On April 27, according to Zhejiang bureau of the inspect that save certificate moves send clew and masses to report a case to the security authorities, hangzhou public security bureau substation of arch villa area lawfully limited company of group of fortune of investigation Jin Cheng is suspected of put on record collecting money illegally case. On April 28, substation of arch villa area controls Hangzhou public security bureau actually to Jin Cheng group lawfully person Wei Mou (male, 38 years old) reach personnel of relevant experience case to adopt criminal coercive measures.

Public data shows, jin Cheng fortune regards Jin Cheng as product of the core below group division, a fund is had to sell company Zhejiang Jin Guancheng below the banner, and gold of canal of new Yu Guanyue, new Yu Guanfu, Jin Cheng endowment, Hangzhou turns Jin Zhongxing of source, Hangzhou, Hangzhou is watched answer the illicit collect fund that waits for 6 classics to put on record manages a person. Basically cast to project of so called movie and TV, and the PPP project such as characteristic small town and safeguard room. Hair change appoint, the ministries and commissions such as the Ministry of finance began to popularize PPP business energetically 2015, wei Jie captures this opportunity to develop PPP project energetically just about, establish illicit collect in succession fund management company and put on record distribute relevant product, through 3 years dimensions of fund of collect of time company illicit also appears erupt type grows.

Up to on April 28, 2019, gold runs 354 products in all below sincere banner. Zhejiang Jin Guancheng has 31 products; Fund management company returns collect of 6 family property to share 323 in operational fund product: Include Hangzhou gold to turn source 72, Hangzhou is watched answer 111, Hangzhou gold intermediate promotes 29, Jin Cheng asset 50, new Yu Guanfu 31, new Yu Guanyue 30. And the backside fact of these products charges a person is Wei Jie completely.

According to 21 reports, many Jin Cheng employee are removing the individual articles for use that leaves the office busily, express according to many employee, they also are " the information is received suddenly after going to work today.

In addition, one assists what police handles a case to ransack personnel discloses, "Arrested 30 many people at present, the case still is being investigated in, the data need spot related to the case blocks " .

On January 31, 2019, jin Cheng group held investor to represent communication meeting, wei Jie of company author, president expresses on the meeting, of Jin Cheng group always be in debt is 10.3 billion yuan, the fund dimensions that puts add is 15.7 billion yuan, he is affirmatory " can be in charge of after all " .

On April 23, jin Cheng group still is holding to hard, release on official small letter " statement " say, "The strategy that I manage recombines to already entered a key to fulfil level at present, it is the person that avoid competitor etc have ulterior motives to open try to gain of overweight group information undeserved interest; The purpose that stems from certain hidden possibly even is destroyed recombine, damage the rights and interests of all investor thereby, I manage temporary inconvenience discloses recombine specific details. When the condition is mature, my department will be timely undertake announcing to investor and relevant media. My department will be timely undertake announcing to investor and relevant media..

Dimensions is so-called 70 billion

Government-owned net shows, jin Cheng fortune held water 2008, it is research and development of product of banking of a collect, money management, fund VIP of client of sale, high net value serves to serve an orgnaization at the omnibus finance of an organic whole. Through hand in hand each district government makes new-style city, issue what change development fund to give priority to with the city is dovish product of kind of conduct financial transactions, share the whole world with the client resource of high grade industry. End at the beginning of 2018, dimensions of assets of accumulative total government exceeds 70 billion.

Up to now, jin Cheng group is core product with characteristic small town, subordinate already company of finance of the star of industry of fortune of new town of include Jin Cheng, Jin Cheng, Jin Cheng, Jin Cheng, culture having an elephant, hotel, estate, Jin Cheng, public 9 board piece.

Among them, jin Cheng fortune is collection secret collect fund management and fund sale serve an orgnaization at the omnibus finance of an organic whole, a fund is had to sell company Jin Guancheng below the banner, have gold of canal of new Yu Guanyue, new Yu Guanfu, Jin Cheng endowment, Hangzhou to turn at the same time Jin Zhongxing of source, Hangzhou, Hangzhou is watched answer the illicit collect that 6 classics put on record fund management person.

Own port appear on the market company Jin Cheng accuses (01462.HK) reach new 3 board hang out one's shingle company too Yue Jiankang (832227) , Li Jingguang report (831777) wait for 5 public company.

Its author Wei Jie was born at Jin Huadong this world 1981. Master of Zhejiang university law. After graduation, place of Wei Jie according to learns charter of certificate of qualification of judicatory of professional pass an entrance examination, lawyer, become a lawyer.

Wei Jie also is having the fortune story of legend. Public data shows, in March 2016, the understanding when Wei Jie of some magazine special report arrives, a few days ago, he calls together a colleague to attend a meeting assign the job after year, a phone in road is hit, that stockjobber says the telephone call: Wei Zong, you earned a lot of money, 11 digit. The everybody in assembly room was heard, everybody is breaking a toe several, one billion four hundred and ten million and sixty-five thousand four hundred and eight. "They look at me, I also look at them. Knew? Knew! Continue to attend a meeting later. Continue to attend a meeting later..

Order of 570 billion government becomes a puzzle

Jin Cheng group professes to arrive from July 22, 2015 on August 22, 2016, accumulative total takes below 35 new-style town to turn a project, the autograph restricts total investment 180 billion yuan; Up to September 2017, jin Cheng group has project of characteristic small town 59, governmental project autograph measures more than 570 billion yuan about. Current, already was in Zhejiang, Jiangsu, Hunan, Guizhou, Fujian, Jiangxi, Hubei, Henan, Anhui, Jilin small town of characteristic of Jin Cheng of 10 provinces layout, it is core with river, short for Zhejiang Province again among them.

"Original, jin Cheng group just sells the finance of product of conduct financial transactions the company, have capital end. Before some year arrive from policy local government, encouraging development PPP project, can seek the Jin Cheng group that receives fund, got a few local government favor, this basically is the pressure that local government has big thrust to enter construction. But, allege have 570 billion yuan of order, affirmation is impossible. " A of city of a Shanghai company president expresses.

In fact, the system capacity of this and Jin Cheng itself does not match. And according to publishing a material, orgnaization of collect of below division of Jin Cheng group 4 family property early or late aggregate the illicit collect product that distributed all sorts of more than 250 kinds, cast in great quantities to PPP project.

Nevertheless, final, these 570 billion yuan of order are not had according to can be being checked, most PPP project all stays in framework agreement or oral agreement level, have not formal project approving, more did not enter begin construction level. Also be accordingly, the outside discovers the operation ploy of Jin Cheng group eventually. Lend these nonexistent project namely, in all sorts of channel frequent apply colours to a drawing takes odd ability, distribute fund with PPP project name.

The crisis starts in April 2018 bottom

Reject to accept inspection of card inspect bureau

Jin Cheng group falls through the banner many put on record illicit collect fund and company of sale of a fund raise funds to social community collect gold, cast to project of so called movie and TV, and the PPP such as characteristic small town and safeguard room (government and social capital cooperate) project, the circular payment of interest that actually a large number of capital use at product of short-term and fixed income and borrow return newly old, partial capital project is truthless, have additionally comparative to be transferred by effective control person partly divert. Whole Jin Cheng fastens collect capital dimensions to end to was as high as 30 billion yuan in May 2018; End October 2018, fail the dimensions of cash still has more than 17 billion yuan.

Small town of Hangzhou canal fortune, it is orgnaization of banking of area of Hangzhou arch villa collects an area, be here, the right censored of bureau of Zhejiang card inspect refuses.

Last year in April, bureau of Zhejiang card inspect unites deploy and arrangement according to what card inspect meets, begin illicit collect fund is special 2018 the examination works. But in check out procedure, bureau of Zhejiang card inspect discovers 5 companies presence does not deserve to add up to the spot to examine working case.

According to exposure, do not cooperate the orgnaization of collect of 5 family property of the examination, it is Hangzhou respectively business of partnership of management of view answer investment (limited partnership) , Jin Cheng of limited company of management of investment of Hangzhou Jin Zhongxing, Zhejiang gold of asset management limited company, Hangzhou turns source investment runs partnership company (limited partnership) , Jin Guancheng fortune manages Zhejiang limited company.

From the point of equity relation, 5 afore-mentioned company large stockholder agree very much, but penetrable after checking, final all group of vest in Jin Cheng.

Morrow, the Wei Jie of president of Jin Cheng group that is away on official business still outerly because this incident is mixed to teach by criticism, caution, and active compose the circumstance explains, did with superintendency branch communicate. After bureau of Zhejiang card inspect puts forward to talk about a requirement about, wei Jie cancels original journey, guide relevant tall canal group heads for bureau of Zhejiang card inspect, cooperate to finish talk about.

Superintend upgrade, by suspensive fund marketing

Last year May, bureau of Zhejiang card inspect transmits a message, the Zhejiang gold below division of Jin Cheng group watchs sincere fortune to managed limited company to be adopted instruct correct and suspend dealing with fund to sell relevant business measure.

File of bureau of Zhejiang card inspect shows, in be superintended daily, discover Zhejiang gold watchs sincere fortune to run limited company (the industrial and commercial name that register already was changed for " fund of Zhejiang Jin Guancheng sells limited company " ) existence uses associated square management field to sell product of illicit collect fund, open exaggerated conduct propaganda to wait for case, report gives company built-in control to be put in major problem, management is put in bigger risk.

Bureau of Zhejiang card inspect thinks, afore-mentioned case were disobeyed " sale of fund of negotiable securities investment runs way " the 9th, the 15th, the 22nd regulation. According to " sale of fund of negotiable securities investment runs way " the 87th regulation, the decision is adopted to you instruct correct and subscribe of sale of suspensive conduction fund and explain buy business the supervisory government measure of 6 months.

After 6 months, bureau of Zhejiang card inspect is in reappearance will inform on November 23 last year, say its are not rectified and reform reach the designated position, fund marketing continues to pause, need company is referred before December 7, 2018 written rectify and reform a report, in check and accept fund must not restore to sell before passing subscribe and explain buy business.

And it is at the beginning of this year, bureau of Zhejiang card inspect issues an announcement, accuse to still put serious problem, management to exist inside Zhejiang Jin Guancheng bigger risk, instruct a company to rectify and reform and suspend fund marketing 12 months.

Bureau of Zhejiang card inspect expresses, during rectify and reform, jin Guancheng existence and confuse sth with sth else of related square business, risk does not keep apart Zhejiang, occurrence cash risk causes the many fund product that the correlation that sell goods on a commission basis just distributes investor group visit wait for new major issue and risk circumstance, report gives company built-in control to still be put in major problem, management to exist bigger risk.

The company is in since the day that gets this administration to superintend measure to decide a book inside 12 months, time-out is engaged in signing new sale agreement, conduct propaganda to recommend portion of fund of fund, put on sale, conduction fund share explain buy business activity. During time-out, if the company is finished,rectify and reform a requirement, pass card inspect bureau check and accept through, can remove ahead of schedule afore-mentioned administration superintend measure.

Cash crisis erupts

By suspensive fund marketing. Jin Cheng fastens illicit collect fund to because cannot borrow,be returned newly subsequently be immersed in liquidity crisis old and quickly, enter in succession below the banner open period fund product begins to stop redemptive with one-sided requirement investor signs exhibition period agreement. Investor demand is redemptive capital, but from beginning to end not if really.

Will be sold by suspensive fund last year in May, after two many months on July 10, partial investor received Jin Cheng group to suspend big and redemptive announce. For example Jin Cheng is easy 4, view answer investment weighs the Hangzhou below division of Jin Cheng group: "Because this fund is current and redemptive the amount is too large, already touched big and redemptive clause, it is better to be undertake fund liquidity manages, guarantee client benefit, administrative person decides to suspend this fund redemptive business, predicting 6-12 the month restarts redemptive business. Predicting 6-12 the month restarts redemptive business..

Investor informs media, jin Cheng group is stated to his is to manage dimensions to be controlled in 14 billion yuan. The fiducial trade public figure of Hangzhou this locality also confirms, the total management scope of Jin Cheng group is in really one billion four hundred and ten million and sixty-five thousand four hundred and eight above.

Investor report, the answer that respect of the Jin Cheng before this gives out is " 3-6 the month restarts big and redemptive " , but the acceptance of 3 months period already passed, jin Cheng respect expresses to still refuse however big and redemptive, if investor signs exhibition period agreement to agree to continue,still express exhibition period, ability is OK instantly redemptive 5% , spend according to the forehead of 5%/ month ever since progressively and redemptive. To this, many investor expresses to reject to sign exhibition period agreement.

Last year in September, be in " Jin Cheng group " on public date, the partial fund product that Jin Cheng group admits to administration of fund of collect of the illicit below the banner manages appeared to suspend the circumstance such as cash of open, delay, but already signed exhibition period agreement with great majority investor. At the beginning of 2019, wei Jie of president of Jin Cheng group has reviewed past to allude again on the official public date of the company: "Our industrial catenary position is too long, fluidity arranges insufficient maturity, bring about the adjustment when facing accident situation the space is not quite enough. Bring about the adjustment when facing accident situation the space is not quite enough..

In the basis base assist put on record information, after April 2018, company of collect of the illicit below division of Jin Cheng group also has put on record without the success again product of new illicit collect. That is to say, in Jin Guancheng fund is suspended after marketing, the capital end of Jin Cheng group got very big impact. "Superintend the cash that asks Jin Guancheng fund rectifies and reform the fund product that solves correlation to just be issued at present, but capital pool business does not have water to come in, the money cash that which come to gives investor? When just was being sold by suspensive fund last year, still ask him employee buys fund, but essential cannot abiding. " the salesperson of fortune of a tripartite expresses.

Borrow return newly old

Feedback according to investor, the Jin Cheng group before 2013 is product of a conduct financial transactions only sell goods on a commission basis company, pass intelligence of pair of financial license plate subsequently explain get, begin large-scale in issueing short-term kind firm accepts fund product; Build at the same time went up financing of local government PPP and fundamental construction service, lending politics letter the product endorse begin to be in capital end and asset end undertake deadline fault matchs, borrow return newly old wait for a variety of operations, formed from this later alleged " Jin Cheng mode " -- the frame that signs project of a PPP with local government first, the illicit collect product that establishs engrave to wear this project subsequently begins to sell, the product that sells at the same time distributes the item from fault of the fractionation on time.

"Financial product deadline of Jin Cheng is 1-2 commonly year, but the project is built period Yuan Chao spends this time, especially 6 years above ability answers PPP project the paragraph is normal, so the group needs Jin Cheng by issue the fund from the back to come the capital before cash. In May 2018 portion hind is superintended to make stay time of half an year, fund sells end to cannot begin collect work, measure time when collect of cash amount outclass, this causes one of causes of fluidity insecurity and exhibition period namely. This causes one of causes of fluidity insecurity and exhibition period namely..

Before this, when Xie Heng of vice-president of group limited company accepts media to interview, investment of new town of Hangzhou Jin Cheng also expresses, "Product of fund of one part equity, for instance cycle is 5-7 year, in this process, setting of our meeting biennially is opened period, investor is exited with the appraise value at that time, can have other investor open and redemptive; And product of fund of a few creditor's rights, we also have source of a lot of financing, for instance a few in build a project, after I mortgage to the bank, can obtain brushstroke fund from the bank, returned the money of investor next, realize investor to exit next. Realize investor to exit next..

Be suspected of be being carried oneself from be in harmony

Jin Cheng the place of another fetching controversy, depend on product of most illicit collect be suspected of be being carried oneself from be in harmony.

Industrial and commercial data shows, orgnaization of collect of below division of Jin Cheng group 6 family property distributed the illicit collect product of all sorts of more than 310 types early or late. Among them, new Yu Guanyue 30, new Yu Guanfu 31, view answer invests 109, gold turns source 71, jin Cheng asset 47, jin Zhongxing is 47. The fund that afore-mentioned emission, among them a large number of products are cast to PPP project, the investment fund that partial PPP project involves, reach 10 from a continuance, even 20.

Small town of aether lake merman is exemple, public data shows, jin Cheng group will with without Xi Bin lake district government cooperates, make item of characteristic small town jointly " too lake merman small town " . This project is in order to interact model VR (virtual reality) the super Eden that game gives priority to a problem, the plan always invests 20 billion yuan, always accumulate 1258 mus with the ground, total floor area makes an appointment with 1.6 million.

However, the PPP project library that is in government of Ministry of finance and center of social capital collaboration, did not inquire project of merman small town.

In March 2017, the name is travel of the merman that do not have stannum to expand limited company (next weighing " the merman that do not have stannum travels " ) the enterprise is registered hold water, this company initiative shareholder just is new town of Jin Cheng of Hangzhou of member of Jin Cheng group to invest group limited company (next weighing " Jin Cheng new town " ) , the legal representative accuses person Wei Jie for fact of Jin Cheng group, register capital to be 5 billion yuan, real pay amount did not show.

Of the same age in May, limited company of management of capital fund of money of Beijing fine a small room holds water " small town of Jin Cheng characteristic -- fund of collect of illicit of investment of the merman that do not have stannum " , amount of this fund collect 500 million yuan, invest mark travel to do not have stannic merman 10% equity. Notable is, fund of this illicit collect is in after running a month (in June 2017) , jin Cheng new town impawn of him part equity 2.95 billion to Beijing capital fund of Jia Xuan money runs limited company. This is meant, jin Cheng new town from inside this project draw-out 2.95 billion yuan of capital, whereaboutldirection is unidentified.

The capital fund of money of Beijing fine a small room that established in July 2015 runs a company, the legal representative is Wu Hao day. Information of person of management of fund of collect of illicit of fund trade association is public in showing, show, wu Hao day is in before September 2016 Jin Cheng group Zhejiang of another member firm sincere lustre gold drives investment management limited company (next weighing " sincere lustre gold leaves " ) hold the position of high investment manager, after this arrives all the time before fund of merman small town was started in March 2017, wu Hao day all holds the position of investment chief inspector in Jin Cheng new town.

Have A company president says, the project of small town of a lot of characteristic of Jin Cheng group, not be right PPP project, just lend policy the name of encouraged PPP, go putting on record product of conduct financial transactions of put on sale. This is typical actually carry action oneself from be in harmony, it is absolutely unallowed.

Personage of know the inside story says, partial economy is owed develop area, final can of project of make it PPP actually very finite. Some enterprises capture local government to beg the psychology of development, make PPP pattern crooked. Jin Cheng group is in unit process of cargo bandling of a lot of projects, from item technological process, to capital collect, all allege external innovate for mode, actually a lot of places are suspected of breaking the law violate compasses. For instance, jin Cheng group is in project operation, the circumstance that existing generally to be carried oneself from be in harmony, this is not allowed apparently; PPP project cannot have counter-purchase, and when Jin Cheng group is introducing to investor, mention project disclose the whole inside story to counter-purchase again and again, multiple safeguard. Additional, jin Cheng group external the illicit collect product of put on sale, a lot of moment did not carry out depart in the light of specific project, put in capital pool problem.

The project is true exist, real devoted fund is far be less than collect capital

Where does money go?

Have investor reaction, he shared fund of collect of the illicit below banner of Jin Cheng fortune -- " Jin Tan project " . Show according to contract content, canal of Jin Cheng endowment serves as administrative person to establish, collect dimensions 600 million yuan, year change investment target outstanding achievement for 9.9% .

Of mark ensure room and project of municipal project PPP for developing zone of economy of Changzhou gold world. 2016, investment development limited company occupies the international of as square as the government hair of nation of Jiangsu gold world after company assemble makes a canal of Jin Cheng endowment win the bid each 80% , the 20% Changzhou town that established 1 billion yuan to register capital to be jointly Jin Tan Jin Ze, the safeguard house building that is in charge of building this development dish, the PPP project such as afforest of municipal road, landscape.

Up to by 2018, fund portion has many 3.1 billion, according to initiative net value 1 yuan is calculated, accumulative total makes an appointment with collect to exceed 3.1 billion yuan, exceed 700 investor to participate in investment.

Partial fund holder went on January 15, 2019 developing zone of economy of Changzhou gold world is on-the-spot survey this project and to local government consult hind is informed, jointly owned company uses fund actually 1.3 billion, already returned a money at present 200 million, shang Cunyu 1.1 billion.

Does the rest flow to He Fang 2 billion yuan? Many relevant investor suspects this part money already by divert even embezzlement.

The with Zhuang Huijun of general manager of company of project jointly owned recording that offers according to investor, because bank network silver and financial You Jincheng are used surely,Zhuang Huijun says, jin Cheng group collects 2 billion yuan in 3.1 billion yuan of fund the Zhejiang that appoints to Jin Cheng to concern a company, these capital decide without collective of board of directors of jointly owned company before remit.

In investor according to Wei Jie the delegate communicates what can go up to talk a way: "The flow direction of money basically is project correspondence the cost that current and actual happening, include but not cost of land of be confined to, project fund expenses, relevant duty expends overhead expenses; During capital is unused, undertake to ease cost pressure conduct financial transactions invests; According to fund contract agreement, pay the investment of early days investor get one's own back. Pay the investment of early days investor get one's own back..

Company share price showed shoot for a time last year

And the happening as crisis of a run on a bank, harbor appear on the market company Jin Cheng accuses from last year experience will steep fall in December, one day shows shoot 64% , market prise evaporates from a day 6.4 billion 4.3 billion, the price falls to 0.6 HK dollar /

Those who steep fall the day before yesterday, be the 10 anniversary day of Jin Cheng group. That day, president Wei Jie published " acknowledgment 2018, times and destiny are driving us ceaselessly forward " speech text. The challenge that change of environment of the hardships that the article conveyed company poineering initial stage, society that experiences first half of the year, economy brings, and wait to prospective confidence.

Wei Jie expresses finally, "Thank 2018, all hardships are to grow. The winter will go eventually, spring is before. Stand in new start, our rally, step journey again! Step journey again!!

Look nowadays, rally is done not have, still be afraid winter of Jin Cheng, bless investor finally can him recapture money.