Investors Purchase Bank Of China's Wealth Management Products Even Mysterious Funds To Pick Peach.

For investors, after purchasing a 5 year bank financial product, the net value of the priority product unit is 1.7289 yuan after the expiration, and the net value of the secondary product is 2.6505 yuan.

But investors found that in the end of the product months, the price of their bids went up more than 2 times due to the public offering and listing, which meant that investors had been stuck for 5 years but fell before dawn.

Wanda's information disclosure in the A share market gives the outside world a clearer picture of its equity changes.

Some investors were surprised to find that they had held an indirect stake in Wanda business.

Unfortunately, it was "cheap" in the months before Wanda business in IPO, the Hongkong stock exchange.

These investors include a large number of ordinary investors such as Mr. park.

And the whole story is going back to 2009.

In April 2009, Mr. Park bought the six phase equity investment RMB financial products of CCB fortune three through the Construction Bank.

Statistics show that it will set up "Jian Yin three equity investment fund trust" through the China Foreign Economic and Trade Trust Co., Ltd., mainly investing in the high-quality products in China.

Equity, equity income rights, and private placement of public companies.

All kinds of information about investment targets introduced in the product annex can almost be judged that unlisted companies's equity is Wanda commerce.

Investors told reporters that during the sales process, CCB staff constantly disclosed to investors that the subject of the proposed investment is a well-known commercial real estate company equity.

Later, the information disclosure of the product also confirmed the information disclosed by the staff at that time.

In June 2009, 30 this product announcement: "now, it has invested in the right of stock ownership of a well-known unlisted real estate company. The profit level of the real estate company in 2008 has increased substantially compared with 2007. It is expected that its 2009 profit will continue to grow rapidly, and the profit potential of the real estate company will be larger.

And show equity income equity investment is 627 million 900 thousand yuan.

Nearly 89% of this product has been invested in the equity of the real estate company.

At this time, no matter the salesperson or investor of the product, it is very clear that the famous "unlisted real estate company" is Wanda.

In April 2014 28, when the product was expired, the net value of the six phase priority income products of CCB fortune three was 1.7289 yuan, and the net value of the six class secondary income products of the CCB fortune three was 2.6505 yuan, and the whole product was due to pay.

A similar case is the four phase of CCB fortune three, with a total product size of 530 million.

The expiration of a product often means the end of a product.

A few months after the end of the product, that is, in December 23, 2014, Wanda Commercial real estate was listed on the main board of Hongkong stock exchange, and the offering price was set at HK $48.

Some investors began to calculate repeatedly that if holding equity to the market, then the outcome will be different and produce various kinds of regret.

More investors believe that the fund

We should extend the authority of the fund for one year and maintain the best interests of investors as much as possible.

In September 2015, Dalian Wanda Commercial real estate Limited by Share Ltd announced the initial public offering of A prospectus stock prospectus. At the end of March 2016, Wanda announced its privatization.

The historical evolution of Wanda Commercial equity has been more clearly revealed and attracted more attention.

Wanda Commercial Bulletin shows: "in December 2008, Wanda Group signed the" equity pfer agreement "with Huang Yu, Li Zhuosheng and Jiayin international respectively, respectively pferring the 9 million yuan invested by 130852 of its commercial real estate companies in the capital contribution to Huang Yu, 9 million yuan investment to Li Zhuosheng, and 90 million Yuan pfer to Jiayin international.

In August 2009, Wanda signed a contract with Taihang, Hua Hua fund and Jiayin international.

"The 1 billion 200 million 520 thousand yuan invested by the commercial real estate company invested 1800 yuan to 10000 yuan, and pferred to the Taiping peace center. 18 million yuan was pferred to the Hua Kong fund, and 1800 yuan to 10000 yuan.

Since then, there have been capital raising and stock expansion.

According to Wanda Commercial announcement, to December 2009, when Wanda Commercial restructuring, Jiayin international holds Wanda Commercial 2 billion 160 million shares, and Li Zhuosheng holds 18 million shares.

As an investor in the six phase of CCB fortune three, Mr. Park discovered that he had shared almost the same time with Li Zhuosheng, Zhang Ziyi's mother.

Although data show that Jiayin international is at the end of December 2008 and Wanda Commercial agreement "equity pfer agreement".

The actual use of funds or the real holding of Wanda business is the four phase of CCB fortune three and the six phase of CCB fortune three.

Mr. Hu, another six of CCB fortune three, told reporters that the information was confirmed in the sales records of the Construction Bank and its mail records.

In addition, Mr. Hu said that in the process of communication with Jiayin international, Jiayin international staff also confirmed this information to him.

In fact, the vast majority of investors in these two phases are investing in Wanda Commercial equity.

Whether it is Wanda Commercial disclosure information and financial products disclosure information, or the fund manager staff's oral statement to the fund holders, did not indicate what price of Construction Bank International purchased Wanda Commercial stake at that time.

"The pfer of 90 million yuan contribution," that is, the pfer of 90 million shares.

"CCB fortune three" six equity income equity investment is 627 million 900 thousand yuan, "CCB fortune three" four equity income equity investment is 450 million 450 thousand yuan.

If calculated according to this, in 2009, after the commercial restructuring of Wanda, the purchase price would be about 5.99 yuan per share.

But in five years, the value added of Wanda is affirmative.

In December 2014, after the listing of Wanda Commercial Hong Kong shares, the public found that the first day was open at HK $48. Before listing, Zhang Ziyi's mother, Li Zhuosheng, held 18 million shares.

According to the opening price of HK $48 for the first day, Li Zhuosheng has a market value of HK $864 million.

Jian Yin international, an investor in the world, did not stick to the last moment.

Some investors believe that the Transferee "steals" their investment returns.

Can investors protect this right? The legal profession also gives different views.

Xu Feng, a lawyer at Huarong law firm in Shanghai, said: "after the end of the term, the fund is lifted and investors get profits. There is no problem.

Fund managers may think that they did not know the plan of Wanda Commercial IPO at that time, and that the future of Wanda Commercial equity is uncertain.

In fact, some investors have asked the fund manager for a statement on this matter. Fund managers have also indicated that the different expectations of Future Ltd's equity have led to different judgments.

Compared with other types of bank financial products and trust schemes, the performance of the four and six phases of CCB fortune three is very excellent, and its investors are very lucky.

Even so, investors believe that only a few months away from the listing, at that time, the price of equity pfer by the building bank trust to Wanda Commercial was too low.

Mr. Hu, another investor, has written queries to Jiayin international.

Regarding this, Zhu Youbin, senior partner of Shanghai branch of Jincheng Tongda law firm, said: "this may involve the violation of prudent principle in fund management."

At the same time, Zhu Youbin also pointed out that there are different criteria for the judgment of equity prices.

If there is any proof that fund managers are not responsible, investors can take legal weapons to safeguard their rights and interests.

However, the specific operational level of maintenance is difficult.

Song Yixin, Shanghai Tianming law firm, said: "if it can be proved that the pferee and the fund manager have an interest collusion, they can sue the manager for fraud and apply for cancellation of the contract.

However, it is very difficult to prove these causation. "

Lin Rong, a lawyer of Beijing Shang Gong law firm, believes that such cases are difficult for the court and are also a challenge to the existing law itself.

Lin Rong said: "investors, whether they are buying bank financial products or trust products, usually have a rough idea of their own capital investment, which is very vague. When the end of the fund period, the net value of the fund is estimated, and investors generally do not know."

The reporter tried to find more information about the valuation reports of the two products in the announcement, and eventually did not find it.

What needs to be questioned is whether investors have been able to bear the risk of exceeding their own earnings. Is the information disclosure system of the relevant bank financial products complete? What is the basis for the valuation of unlisted companies's equity pfer, or even whether the managers involved in the unknown interests? Many legal persons say that the valuation of products is a complex and subjective matter under the premise of unlisted equity and information asymmetry, and investors' rights protection is difficult.

Even in the legal sense, it is not clear whether there is any damage to the rights and interests.