King Yuanhui 7 years, only 1,100,000,100 targets in the bubble

The 7-year-old King Yuanhuili Fund Company (hereinafter referred to as "King Yuanhuili") is only 1.09 billion yuan, ranking 63rd in the 72 fund companies that are counted in the investor report. Such a scale, not only in the same year to set up the 5 fund companies in the bottom, or even less than two years of wealth and peace Dahua. What is the reason for King Yuanhuili "not Grow Up"? The investor newspaper reporter asked King Yuanhuili for answers, but its marketing staff said the person in charge was on leave and could not reply. Foreign shareholders 5 years of loss of 33 million data shows that November 28, 2006, King Yuanhuili (formerly known as "Jin Yuan") in Shanghai, established, registered capital of 150 million yuan. Belgium's joint Asset Management Company (hereinafter referred to as "the United") funded 73.5 million Yuan shareholding 49%. The world's largest capital preservation fund managers have been confident to the "Capital preservation experts" to transplant the positioning of the Chinese public fund sector, however, may be acclimatized, or the market is poor, the days of the Union is not good. At that time, Yichong was the general manager of the gold and Gold Union. Data show that Yichong has served as deputy representative of the Netherlands insurance Beijing Representative office, China Merchants Fund Business Development Department deputy director, Belgian Joint Asset Management Co., Ltd., director of regional business development, Belgian joint Asset Management company, Shanghai Representative office, and other posts. During his tenure as general manager of the gold and gold, the scale of the Union is: 4.79 billion yuan (end of 2007), 3.94 billion yuan (late 2008), 3.29 billion yuan (late 2009) and 1.25 billion yuan (at the end of 2010). It can be seen that in the major fund companies in the explosive growth of 2007, the Union did not seize the opportunity, the size of the company's assets of only 4.79 billion yuan. In the market rebound in 2009, the size of the yuan is still declining. After leaving the Yichong, he said in a media interview that "the new company has no way to go". The shrinking size of a fund company that relies on money management fees is no doubt unsustainable for companies. Eventually, the foreign shareholder was left at the cost of 33 million yuan after 5 years. Then for who will take over the message frequency, a wave of several fold. March 2012, compared with the price of 40.5 million yuan, the 49% of the Equity fund of the gold and the dollar was transferred to the benefit manager Hong Kong Limited. The name of the King Yuanhuili. 10 billion target has been hopeless February 26, 2011, Yichong for personal reasons. In May of that year, Zhang Jiabin, from the people's livelihood and silver, became general manager and began to run command. The first thing he did when he came to Shanghai was to recruit. After a series of drastic recruitment, King Yuanhuili's core staff has undergone a major adjustment: Former wealth of research director Panjiang become the new investment director, former million research deputy director Zhang Weijie as research director, former general Manager assistant, marketing director Guanwei to take the lead, mainly responsible for marketing department. At that time, Zhang said to the media, the company's new investment and research team was gradually reorganized in the second half of 2011, the company is two times entrepreneurial, need to have experience, willing to endure hardship, can lead the core characters。 Zhang in the capital preservation products on the basis of efforts to create rights and interests of the active type of product management capabilities. At the same time, King Yuanhuili absorbs the experience of Wyeth group in the development, operation and management of ETF products and grafting it into the domestic market. But the data showed that King Yuanhuili did not issue ETF products. The Fund's performance in the same category is not good enough. In the stock fund, the King Yuanhui value growth has been 10.69% since this year, ranking No. 235 in 336 similar funds, and King Yuanhui core power yield is 6.55%, No. 278. Hybrid Fund King Yuanhuili gem Power yield was 9%, ranked 110th in 146 similar funds. King Yuanhuili's equity products did not show great development. February 5, 2013 established Whili Capital Preservation Fund, the current scale of 292 million yuan. King Yuanhuili has a total of 9 funds, only two fund size of more than 100 million yuan, one is only the new Capital Preservation Fund, the other is only King Yuanhuili gem Power, the fund was established on August 15, 2007, is King Yuanhuili's first fund, the current scale of 364 million yuan. In an interview with the investor newspaper in July 2011, Zhang noted the 3-year goal of breaking the 10 billion-dollar scale. At the time, however, the Union had not undergone a change in equity. "Our shareholders are proposing three years to achieve the 10 billion scale target." We are currently only 1 billion, 10 billion of the target is very high, to rise 10 times times, but jumping up, can be. The guest said with confidence. At the end of 2011, the assets of the Union were 970 million yuan, and after the change of equity, the assets were 900 million yuan at the end of 2012. As of the end of June 2003, the three-year period has passed 2/3, and the King Yuanhuili is still only 1.09 billion yuan in size.