Huaxia Fund nine months did not send a new base Citic Securities month into 200 million

Source: Internet
Author: User
Keywords Nine months
Shine.  This sentence is in the Chinese fund equity transfer issue was rewritten. October 12 Night, Citic Securities (600030.  SH) announced that the company received the CSRC Fund Supervision Department on Further supervision and regulation of the Chinese fund management company's shares, the letter urged to standardize the Chinese fund as soon as possible equity. This is the fourth time the Securities and Futures Commission to urge Huaxia Fund equity transfer, the deadline from April 1 to July 1 to September 30.  The September 30 deadline of the past more than 10 days, Huaxia fund equity remains elusive.  Multi-party Game fund Industry Super money-making machine delay, resulting in Huaxia fund by the SFC "suspended" order. Beginning January 1 This year, China has gradually ceased to approve new business.  Suspension of the 9-month period, the new fund issue speed, the fund's performance rankings quickly shuffle.  Although China still takes 200 billion of the scale to dominate the fund industry, the fund industry "eldest brother" Aura remains, but its asset Management scale development and fund performance are facing challenges.  In the absence of a new upsurge in the fund issued four consecutive calls for equity transfer has not progressed, 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 applications. April after the deadline to suspend the processing of China's special household products.  And the fourth dispatch continues to maintain the above penalty until the equity issue has made substantial progress.  At present, in addition to social security and annuity management, Huaxia Fund for ordinary investors to carry out new business, all suspended, while still will continue to limit the issue of new funds.  On the October 13, a fund industry analyst said that with the delay of the equity dispute, Huaxia fund may usher in tougher regulation.  However, a Chinese fund insiders pointed out that the company is operating as usual, the company has not received any further measures to inform the regulatory level.  In fact, this stagnant 9 months, still to China's fund development has brought influence.  Since the end of last year, the SFC to implement the new system of fund approval, the partial-stock, fixed income, QDII, innovative and more than a pair of households divided into 5 channels for approval, the fund company can declare 2 and above the new fund products.  This has greatly accelerated the approval of the new fund, and this year even a fund company issued two products at the same time, the fund issue accelerated.  According to wind statistics, as of mid-September, the number of funds issued since this year has 97, the monthly distribution of more than 10, and 2009 a total of 120 new funds issued. According to the fund industry analysts, at this rate, this year is likely to exceed the number of new funds issued last year.  and Huaxia fund due to the lack of equity problems of the new fund in the absence of this wave of expansion, will also affect the size of its asset management.  Wind data show that the Chinese fund in the first half of the total share of 166.767 billion, the total net assets of 196.978 billion yuan, both ranked first, still for the fund industry "boss." With asset management scale of two to five in the fund company Ka-Yifangda, boWhen, compared to the South, China presents "lagging behind" signs. The total share of Huaxia fund is reduced by 1.36%, and the rate of change in net assets is at the bottom of the top five companies.  The total net asset value of Huaxia fund was reduced by 72.172 billion yuan to 36.64%, inferior to four other companies.  Yifangda and Bo's total net asset value decreased by 24% and 21%, while the south and Kerry actually decreased by 8.84% and 8.06%.  In response, Huaxia Fund responded that the SFC's relevant measures, the Company will continue to strengthen investment research, do a good job in the existing fund investment Management and customer service work to return the vast number of fund holders.  Weak performance or tired equity disposal issues unresolved, to China not only bring asset management scale shrinkage, but also its "leader" Halo of the subtractive.  In the third quarter of the latest fund rankings, star fund manager Wang Yawei the Chinese market selection and Chinese strategy growth slightly pale.  According to the Galaxy Securities Fund Research Center statistics, as of September 29, included in the ranking statistics of the 212 standard stock funds, the champion of the Chinese business prosperity growth to 22.2% of the yield far more than 212 equity funds of the -4.76% average net return rate, the runner-up East Wu enterprising strategy yield of 20.65%.  China's market selected yield is only 8.14%, Huaxia strategy mixed yield of 11.04%.  Not only Wang Yawei care of the two star fund Halo fade, the industry will be China hit the second Wang Yawei investment director Liu Dynamic performance is also unsatisfactory.  As of September 29, Liu directly in charge of the Chinese prosperity annual net income rate of 7.29%.  This shows that the Chinese fund stock changes in the ups and downs of the fund managers can not ignore the impact of performance. Since this year, China's fund management scandal constantly.  First Wang Yawei stepped down the chairman of Huaxia Investment Policy Committee, followed by its and general manager Fan Yonghong both submitted his resignation.  Analysis of the industry, Wang Yawei in charge of the two fund performance slipped behind, and has already sprouted to Italy, unintentional tired not unrelated.  The fund industry analyst pointed out that the Chinese equity transfer results may cause management unrest. In fact, Huaxia fund has lost Zhang Yixian, Shi Bo, Sun Jiandong and other star fund managers, the remaining Wang Yawei alone to support the overall situation.  If the Chinese fund equity changes to deal with improper, resulting in management changes, its leading position may be Yifangda, ka Real and other large fund companies take the opportunity to exceed.  Every one months of CITIC profit 200 million yuan of Citic Securities dragged behind the drag, is the Chinese fund to bring a huge dividend. The fund industry analysts pointed out that the Chinese fund equity is not divided before the CITIC Fund has all the right to share dividends, which is the crux of the delay in the settlement of equity transfer.  Even if the Chinese fund was sentenced to "suspension" by the SFC, its earning speed still makes people speechless. Citic Securities semi-annual report showed that the Chinese fund is still the industry's highest management fee income into the king, the first half of the management fee income of 1.624 billion yuan,Increased by 28.85% over the same period in 2009.  Due to CITIC Securities wholly-owned Huaxia fund, so the profit and other items are calculated, investors can not know the first half of China fund net increase.  But according to the Chinese fund in the first half of the performance estimates, the Chinese fund shares every delay one months, Citic Securities can get more management income of 200 million yuan.  Such a huge profit, Citic Securities for China's equity disposal of the fund appears more cautious and not difficult to understand. Previously circulated in the scheme, Citic Securities will be China's 51% stake in the fund into 5 sales, to ensure its large shareholder status.  Therefore, the selection of the transfer party and the determination of the stock price is not too difficult.  The Chinese fund insiders said that it is really difficult to do.  Although the transfer of equity has not progressed, but the recent Chinese fund dividends constantly.  One industry personage pointed out that the dividend of Huaxia fund may be to deal with the change of equity, in order to avoid CDI early redemption.  Statistics show that the Chinese fund this year, the amount of dividends has reached 26.4 billion yuan, more than the second Bosera fund (dividend amount of 7.244 billion yuan) 3.64 times times. Since September, the Chinese fund dividend momentum more violent, and the dividend is larger.  Up to now, Huaxia has 6 fund dividends. Among them, the Chinese dividend and China's growth dividend total amounted to 4.902 billion yuan and 2.604 billion yuan, the Chinese blue chip dividend total of 4.076 billion yuan, the Chinese excellent increase in the total dividend is as high as 4.996 billion yuan.
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