Sina Wealth on-line a product "bill treasure"

Reporter Joe plus Wei

Intern reporter Zheng Hui Shanghai reports

July 4, Sina Wealth on-line a product "bill treasure", 1000000 quota, the expected annualized return of 9.8%, quickly snapped up!

It is understood that this product for the Sina Wealth consignment products, financial instruments from Shenzhen Bao Financial Services Limited (hereinafter referred to as "Bill treasure company") to provide. For the transaction mode, the bill treasure is the enterprise acceptance bill pledge financing, the enterprise will bank acceptance bill to the platform audit, the bill will be submitted to the bank custody of banks, investors provide funds.

21st Century Business Herald reporter learned that since entering July, Biao Po launched two or three bills daily wealth management products, the period from 10 days to two months, the expected annual rate of return of about 7%. Its official website shows that as of the 11th, the total bill financing amount has reached as high as 14.58 million yuan, has repay 94 million. The business information shows that the bill treasure company was established in June 3, 2014, just over January.

Opened the bill official website, "one hundred and ten risks", "the only risk is the bank closed down" and other words shockedly presented. Coupled with as little as 1 yuan from the vote, 6% -10% expected annual return, notes Po seems to investors can not refuse! But not everything looks beautiful.

Initiate business "business abnormalities"

In the promotional materials, two websites are often mentioned, namely, a financial network and the China Notes Network, notes Po official website also known as the two sites for businesses and individuals to create a bill financing, bill financing platform, and said China Ticket Net is the largest domestic vertical vertical industry ticket site.

Opened the bill-related China Notes network link, not shown in the well-known China Foreign Exchange Trade Center organized by the "China Notes Network", apparently, this note network is not his ticket network. According to a survey by 21st Century Economic Journal correspondents, the China Notes Network was founded by Shenzhen Hi-Jin Investment Co., Ltd. (now renamed as "Shenzhen Young Investment Co., Ltd."). The shareholders of the company are two natural persons, namely Li Xinxi and Li Huajun.

A noteworthy piece of information is that in June this year, the Shenzhen Administration of Industry and Commerce has included Shenzhen's youth investment in operating an abnormal business directory because "it can not be contacted through a dwelling or business premises."

Another worth noting is that the financial record numbers of the Financial Network and China Note Net are "Guangdong ICP No. 09007025" and "粤 ICP 备 09007025 号 -3" respectively. However, the addresses of the Financial Network and China Note Network, Exactly at the same address.

In this regard, the Notes customer service explained that China's Notes Network and Financial Network merged last year. Reporters access to the financial network of business information, the shareholders of the site and happens to be Shenzhen Youth Investment Company and Li Huajun, the actual registered capital of 5 million yuan.

Obviously, the two bills launched by Bao Bao are both operated or affiliated companies by Shenzhen Youth Investment, while Li Huajun is the actual shareholder and operator behind. As mentioned above, Shenzhen Youth Investment Company has been listed by relevant departments as "Business abnormalities."

For Li Huajun's identity, 21st Century Business Herald reporter learned that, in the operation of Shenzhen Xibao Investment Company (Shenzhen Youth Investment predecessor), he had done notes direct paste, paste business.

For the cooperation of opponents identified by the business sector abnormalities, the reporter called for the distribution of treasure Po sales channels Sina Wealth customer service staff, the other did not clear did not reply.

Suspected capital pool

Recently, the reporter registered a bill treasure account, log in to the platform shows the latest issue of bill financing products is "bill treasure" money management project 116th, the annualized return of 6.95%, the project duration of one month, acceptance line: Zhejiang Fuyang Rural Cooperative Bank .

But in addition, this item no longer shows other information, there is only one page of paper notes "Safeguard this product" promotional map. For the financing company name, specific funding, this project are not reflected. In the risk column, the project said "the only risk is bank failures," and explained that high-yield notes belong to non-standard categories. Unlike other monetary fund products, the yield would be higher than standard products.

However, the reporter consulted a number of bill-type sites, 1 to 3 months of the bill turn discount, repo rates are only 5% fluctuation. Of course, some companies may also raise interest rates for pledged financing in the event that they are short of money or repossession, but the risks of these instruments are not only in the acceptance of banks, but also the possibility of fake tickets and the delay of payment risk. "China Merchants Bank Jiangsu A credit official said. He believes that if a professional body to verify the authenticity of acceptance bills and provide liquidity support, bill-type financial management has a certain market.

21st Century Business Herald reporter recently learned that, in fact, some large institutions have been investigating the market, for example, which Industrial Bank has been studying P2B credit products, bank acceptance bill investment and financing platform. Some bills for the bill is not clear funding direction, the reporter noted that some investors have been online financial community questioned the existence of the operation of the capital pool.

Reporters saw the front page of China's Notes Network, the website notice column always shows "bank acceptance bill discount, not limited to the amount of size." The above Merchants Bank credit lenders said that in theory, if the bill to operate the operation cost of capital pool can be reduced, but no doubt platform credit risk, liquidity risk will become the biggest source of investment risk.