Asset management tycoon Lin Qiang is exposed to have lost contact? Insider: We have not been in contact with them recently
On August 30th, a document signed as He He Asset Management Co., Ltd. was widely circulated in the asset management circle. The content shows that due to Lin Qiang's inability to contact, in order to ensure the normal operation of the company, after discussion and decision, a temporary leadership group was established to oversee the corresponding work. All aspects of the company's work are running smoothly.
According to public information, Hejiaojianguan is a wholly-owned asset management subsidiary of Hehe Futures, with a current registered capital of RMB 160 million. Lin Qiang is a director of Hehe Futures and the Chairman and CEO of Shanghai Hehe Shouchuang Investment Management Co., Ltd. According to third-party information, Hehe Futures, established in April 1993, has three major shareholders: Shanxi Jida Engineering Co., Ltd., Shenzhen Yujin Zhongkun Equity Investment Fund Management Co., Ltd., and Shanghai Yiheng Investment Management Co., Ltd., holding 40%, 30%, and 30% respectively. Among them, Yujin Zhongkun and Yiheng Investment have respectively held 49% and 41% equity of Shanghai Hehe Enterprise Management Co., Ltd., with the latter holding 36% equity of Hehe Shouchuang under Lin Qiang's name. According to official website information, Hehe Shouchuang, founded in January 2016, has a registered capital of 1 billion yuan. The business scope includes equity investment, securities investment, bill investment, real estate, overseas asset allocation, family trusts, etc. According to public media reports, as of September 2022, the scale of various equity investment funds of Hehe Shouchuang has reached 10 billion yuan. A person close to the joint venture management told First Financial reporters that they have not been in contact with Lin Qiang in the past few days, but "the company is normal.". The reporter called Hehe Futures to verify the authenticity of the above documents. The staff of the other party stated that the above documents "should be false public opinion information". He has not heard any relevant information about Lin Qiang's loss of contact and is currently in the process of verification. Prior to this, the joint venture management was subject to regulatory penalties for failing to comply with the filing procedures for the issuance of asset management plans. On June 12, 2020, the Shanxi Securities Regulatory Bureau disclosed that 23 private equity asset management products issued by the joint venture management company from January 18 to June 30, 2018, were not registered with the China Securities Investment Fund Industry Association in accordance with regulations. In December 2018, the Shanxi Securities Regulatory Bureau issued regulatory measures to the Chairman, General Manager, Chief Risk Officer, and other senior executives of Hehe Futures, Hehe Joint Venture Management, and Hehe Futures, ordering them to make corrections and issuing warning letters. The Shanxi Securities Regulatory Bureau stated that during the process of conducting asset management business through wholly-owned subsidiaries and joint ventures, Hehe Futures engaged in violations of issuing asset management plans without filing procedures, reflecting the company's failure to effectively establish and implement risk management, internal control and other business systems and processes, in violation of relevant regulations.