China's Fund is still no solution to the game upgrade

Source: Internet
Author: User
NetEase Finance September 30 News today is the last day of China Fund equity transfer deadline, but the parties are waiting for the final results did not be announced as scheduled.  As the largest fund company, Huaxia Fund equity dispute resolution or will usher in a higher level of game. "Special topic: CITIC Securities transfer Huaxia Fund 51% shareholding" higher level game China fund is currently under the Citic Securities 100% Holdings, because the ratio is not in line with the SFC "fund management company's main shareholder maximum contribution ratio, can not exceed the total contribution of 49%" requirements.  Citic Securities has been asked by the regulatory authorities to transfer some of the Chinese fund's stake. This year, the Securities and Futures Commission has three consecutive times to urge the Chinese fund equity transfer, the deadline from April 1 to July 1 to September 30.  With the 9.30 deadline now, Citic Securities has yet to come up with a substantive transfer plan.  Some insiders believe that because the Securities and Futures Commission funds of Citic Securities does not have a substantial role, so the matter dragged on, but with the delay of the equity dispute, Huaxia Fund may usher in more stringent regulation. Previously, Citic Securities because of repeated violations of the requirements of the regulatory layer, as a punitive measure, the SFC has suspended from January 1 this year to review the Chinese fund to invest in the domestic fund new products and new customer management contracts for the record. April after the deadline to add new penalties, suspended processing of Huaxia products.  This means that, in addition to social security and annuity management, the Chinese fund for ordinary investors to carry out the new business is currently suspended. "This is a very unfair thing, Huaxia Fund equity issues to be resolved by its shareholders Citic Securities, but the matter dragged and dragged, was punished is Huaxia fund." "However, some analysts said that the Chinese fund equity is not divided before the CITIC Fund has all the right to share dividends, which is the transfer of shares dragged and dragged the root knot."  According to the Chinese fund last year's performance estimates, the Chinese fund shares delay one months, Citic Securities can get more profits nearly 100 million yuan.  Are rumours of resignation constantly responding to regulation? Although there has been no real progress in the transfer of shares, the rumors of the company's core figures are flying. Wang Yawei, the star manager of the company, may resign as early as June.  At that time, Wang Yawei withdrew to the investment committee Chairman of the Post is considered to pave the way for retreat. Recently, more reports pointed out that not only is Wang Yawei, even Huaxia general manager Fan Yonghong to the regulatory authorities to submit applications, but the application was rejected.  However, the relevant people in the SFC said they had not received the application.  There are insiders pointed out that, because Huaxia fund Wang Yawei, Fan Yonghong in the fund sector influence is large, do not exclude the company to create public opinion, and the regulatory layer of the game. Recent frequent dividend pay attention is that, although the transfer of equity has not progressed, but the recent Chinese fund dividends constantly.  Earlier, some analysts said that China's recent continuous dividend may be related to their view of the sky, but also said that the Chinese fund is again in response to CDI early redemption. "Do not exclude Huaxia fund management will have a real change, the company to avoid CDI redemption, mentionEx-dividend, "there are insiders believe that if the above turnover rumors come true, many CDI will choose to redeem the Fund, so that the overall asset size of the Chinese fund will have a greater impact on the choice of active dividend to avoid loss of share." Public data show that since September, the Chinese fund dividend momentum is more fierce and large dividends.  Date statistics show that since September Huaxia Fund has 6 fund dividends.  September 7, the Chinese dividend and Chinese growth both dividends, each 10 share of the fund to distribute dividends 4.9 yuan and 3.2 yuan, the total distribution reached 4.902 billion yuan and 2.604 billion yuan respectively.  September 9, the Chinese blue-chip 10 share of the fund to distribute dividends 3.4 yuan, the total distribution reached 4.076 billion yuan.  September 13, China excellent increase of 10 share of the fund dividend 7 yuan, the total distribution reached 4.996 billion yuan.  September 20, China fund CITIC stability of the two-bond fund and Huaxia Bond fund announced that the available as at September 16 for distribution of profits, respectively, to the holder of each 10 share of the fund to distribute cash dividends of 0.13 yuan and 0.2 yuan. RELATED links: Secret Beijing funds 20% equity listed leading role or for Huaxia China Fund equity shares again overdue CITIC Securities stock price burst two year low

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