Where Will Zhou Chengjian And Smith Bond Go?

Recently, the latest issue of clothing industry Zhou Chengjian lost contact, January 7, 2016.

"Announcement" confirmed that the company's actual controller and chairman Zhou Chengjian lost contact.

Outside speculation, Zhou Chengjian lost contact with the previously arrested Hezai investment controller Xu Xiang related.

When Zhou Chengjian's more recent events came to the surface, he came to the crossroads with his personal clothes. The former brand of the Chinese local casual wear has suffered inflection point since 2014. Now, faced with the loss of the actual controller, what is the future of the company?

July 2015 has been "eyed".

From the logic of stock value investment, it is not even a high quality mark in 2015.

Since 2012, it has rapidly slipped from the peak of the 600% year's net profit, which has led to an embarrassing battle.

In the first half of 2015, Smith Barney's first time loss in Listing 7 years went up again in the third quarter of 2015.

But it is such a half year net profit loss of nearly 200 million yuan, without any special theme of traditional enterprises, not only become the bull market star fund zhe Hei investment gamble, but also by the 2015 stock market abnormal fluctuations after the market to extinguish the national team's favor, the outside world itself is enough strange.

With the actual controller Zhou Chengjian lost contact, a period of underwater capital past was re opened.

His thought-provoking intercourse with Xu Xiang, the boss of zhe Hei, and his old friendship with Guo Guangchang, a former Zhejiang businessman who had been taken away to help investigate, aroused the imagination of the market.

According to a number of insiders analysis, Zhou Chengjian lost the association is likely to be the 2015 stock market abnormal fluctuations after the financial anti-corruption aftershocks.

"In fact, the United States has been caught by the SFC's big data surveillance system in July 2015. The system has set up a set of models to provide indicators for early warning, such as the investment portfolio and stock price movements in the warehouse information display. In early July, the total number of national team buying apparel was close to 15% of its total circulation, but the company had no announcement."

A person familiar with the matter told the China Economic Weekly reporter.

According to statistics, since the early July, when the national team came to the rescue market, CITIC Securities (15.700, 0.05, 0.32%) four largest sales department had bought 100 million dollars or more of the United States apparel, and the total purchase amount reached 2 billion 905 million.

Mei Bang clothing became one of the most net stocks bought by the national team.

Reporters looked at the three quarterly bulletin of 2015, noting that among the top ten shareholders, a large number of members of the national team were listed: Central Huijin Investment Co and the seven fund account channels set up by the certification company to save the market all ranked the top ten largest circulation shareholders, with a total shareholding ratio of 14.91%.

This seems to be inconsistent with the investment preference of the national team during the bailout period.

Goldman Sachs report has pointed out that the main rescue fund flows to large blue chips, from the point of view of the shareholding, mainly in the form of robust defense, in addition to banks and insurance stocks, the anti falling health care sector is the same.

China Economic Weekly reporter visited the listed company's report and found that the national team at the early stage of the rescue market obviously preferred the prefix stocks, and had more oil, military, real estate and other industries. Since then, the stock pool has also been keen on basic chemical industry, non-ferrous metals, electricity and so on. It is indeed a great imagination to support a very unrealistic clothing stock market at the critical juncture of the bailout.

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In the three quarterly report of 2015, the net profit of the company dropped by 273.55% in the current period, and predicted that it would be in a state of performance deficit in 2015.

In December 30, 2015, when Zhou Chengjian attended the conference of Zhejiang businessmen, he said, "I think I have done a lot of things that should not be done, and I have given up too many things that I should not give up."

How did such a downhill company attract the attention of the national team? Almost everyone knew the story of the rescue.

Chai hee Xu Xiang gained 450 million in half year

It is worth mentioning that micro-blog celebrities "Cao Shanshi" as early as August 2015 broke the stock market abnormal fluctuations during a rat warehouse clues: "A followed B bought 2269 (editor's note: Smith Barney dress code) quilt, just prove the gold bailout, C help B use the card money to hit 2269, let A unlock.

Now C is investigated.

A is an official. B is a big man. "

The market is almost universally recognized, C is CITIC Securities, and B is Xu Xiang, the helm of Chai Hei investment, who was taken away in November 1st last year.

At that time, some people questioned that the national team chose to pick up the plate at high position, which was suspected to help Ze Xi from the United States clothing.

Chai hee denied this announcement, saying that the US state stock held by a single trust product under Zai Xi had already been completely reduced by April 20, 2015.

However, zhe Xi can not deny that its investment returns on the US and the US stocks are quite alarming.

In September 26, 2014, Chai hee 1 and Chai hee 11 respectively bought 26 million shares and 20 million 300 thousand shares of the US bond market by 9.72 yuan / share respectively through block trading.

In September 29, 2014, Chai hee 1 and hee hee 11 through the two market, with 10.72 yuan / share and 11.26 yuan / share all thrown out.

Since September 26, 2014 is Friday, this means that only one trading day, the 1 profit of Heze 11 and Hezai 11 will be more than $57 million.

At the same time, at the same time, on the same day of September 29, 2014, the 6 phase of Chai hee of Chai hee bought 50 million 550 thousand pieces of American Apparel 50 million 550 thousand yuan through bulk trading.

6 months later, from April 1, 2015 to April 20th, Chai hee cleared all the stocks through centralized bidding.

According to its published average price of 17.66 yuan, Zai Hei 6 yuan in the United States and the clothing market profit of up to 396 million yuan.

With Zai hee 1 and hee hee 11, Chai hee earned 450 million yuan in half a year through stock operation.

The 2014 annual report shows that the annual net profit is only 146 million yuan.

That is to say, the profit of Chai hee in less than a year is three times the net profit of the year.

Analysts say that there are at least two doubts about Zai's capital move in the US.

First, after the intervention of Chai hee in September 2014, it was very good for the United States to release and build the Shanghai Huarui bank, but at that time, the company's performance was in a sensitive time when it was full of losses, but it brought a wave of share price speculation.

Before the departure of Chai Hei, the United States made 10 rounds of sending 5 shares to 10 shares and sent 1 yuan to the company.

The two is that when Chai Hei bought American border dress in 2014, he had a tacit understanding with the big shareholder of Shanghai, Zhou Chengjian and his daughter's China clothing Investment Co., Ltd. (hereinafter referred to as "Chinese clothing investment").

In September 26, 2014, the United States has just announced that apparel investment will be reduced by 5%, and 3 days later, it became the third largest shareholder by Zai hee's 6 single fund trust. The seamless connection of time points has attracted market onlookers.

In other words, Xu Xiang was Zhou Chengjian's "disc player", and the two were considered to be very friendly.

As for the relationship between Mei Bang dress and Chai hee, Xu Bin, a representative of Mei Bang clothing and securities affairs, told the China Economic Weekly reporter that "I don't have any comment on Hezai's rumour."

Zhou Chengjian once cried, grateful to Guo Guangchang.

There have been rumors in the fund circle that Xu Xiang often "invited" to hype the price of shares for executives of listed companies, and even jointly packaged the media with the reduction of large shareholders.

Since Xu Xiang was taken away by the public security organs and was confirmed to have "illegally acquired the stock market insider information, engaged in insider trading and manipulated the price of stock trading", a number of senior executives of the listed companies of Chai hee concept have lost contact, including orient Jinyu, Ningbo 100, sunflower and so on.

Even at the end of 2015, Guo Guangchang, the head of Fosun Group, who was briefly lost for three days, had also been heard or involved in the Xu Xiang case.

Whether Guo and Xu are really close enough have not been covered yet, but the history of the two exchanges between Guo and Zhou is extraordinary.

Zhou Chengjian, who stood on the T stage of the banquet hall of the most luxurious hotel in Shenzhen, cried to the guests, saying that the most grateful person was Guo Guangchang standing beside him.

A Zhejiang businessman told the China Economic Weekly reporter that Guo Guangchang, who has strong connections, was born in a cold and humble way, but he was quite knowledgeable from Fudan origin. This made him highly praised in most circles of self-made Zhejiang businessmen. "Many businessmen who have come from Zhejiang to Shanghai have been helped by him."

Previously, "Chinese entrepreneur" has published an article entitled "China's big buyer" fossaic, this article reveals its internationalization of the sea boat operation in the article specifically mentioned, "in the project investment process, clothing investment Guo Guangchang will find Zhou Chengjian, if it is consumer, he will ask Shanghai Jiahua Ge Wenyao."

"China Economic Weekly" reporter also noted that two people have investment intersections, for example, also shares the Shanghai Jin Youth League Committee, Shanghai Young Entrepreneurs Association led by Xinjiang golden 100 year old farm food Co., Ltd., and Zhou Chengjian himself is the vice president of the association.

The 2013 annual report also showed that Zhou Chengjian was the president of the Zhejiang chamber of Commerce in Shanghai, and the current president of the chamber is Guo Guangchang.