Source: international Financial News
RecentlyCryptogameswithmostusersA news that a small public equity fund in Beijing defaulted on employees' wages continued to ferment in the industry, and the company was later confirmed to be Beixin Ruifeng Fund.
In this regard, a reporter from the International Finance News sought confirmation from people related to the Beixin Ruifeng Fund.CryptogameswithmostusersLearned that the so-called "unpaid wages" rumors are false information, the actual situation is that the company has recently adjusted the salary payment time, all employees monthly salary without any delay or deduction.
However, behind the rumors of arrears of wages, it is an indisputable fact that the fund management scale of the company has shrunk greatly.
"arrears of wages" is not true.
On May 21, a netizen posted on a social platform showed that a state-backed public fund company in Beijing owed employees' wages. The netizen said that the company is traditionally paid on May 15, but is currently in arrears for a week. The netizen also said that the company has not handed out year-end bonuses for three years in a row. After the news came out, it sparked a heated discussion in the industry and was forwarded by multiple accounts on social platforms, but as of press time, some of the retweets no longer exist.
The phenomenon of public offering of unpaid wages is relatively rare in the industry, and the impact of the above-mentioned online news is still fermenting. According to relevant media reports, the arrears of wages of the above-mentioned small public fund companies spread throughout the company. I don't know how long the wages will be in arrears. At the same time, last year's year-end bonus has not been paid.
Subsequently, the rumored small public fund company was confirmed to be Beixin Ruifeng Fund. In response to the above online news, a reporter from the International Finance News contacted a person related to the Beixin Ruifeng Fund, who responded: "the so-called rumors of 'arrears of wages' are false information. The actual situation is that the company has recently adjusted the payroll time, changing from the original upper payroll model to the next payroll, which is in full compliance with the relevant national laws and regulations. Although the payment date has changed, the monthly salaries of all employees are normal and paid in full, without any delay or deduction. "
The person told reporters that at present, everything is normal in the company, and employees go to work as usual, and the company is confident that through the joint efforts of all employees, the company will continue to move forward steadily to create value for investors, work for the welfare of employees, and contribute to society.
However, the person did not respond positively to the online news that "year-end bonuses have not been awarded for three years in a row".
The person also said that in view of the information released on the Internet without strict verification, the Northern Credit Ruifeng Fund will also take legal measures to seriously deal with acts that continue to spread false remarks and damage the company's reputation, so as to defend the legitimate rights and interests of the company. at the same time, efforts will be made to create a healthy environment for public opinion.
The plight of Little Public offering
From the ranking of the scale of public offering management, Beixin Ruifeng Fund is a small public fund company, and the company has 9 public fund managers. According to the company's website, the company was founded on March 17, 2014 and was jointly established by Beijing International Trust Co., Ltd. and Laizhou Ruihai Investment Co., Ltd., of which the major shareholder behind Beijing International Trust is Beijing SASAC.
According to Choice data, by the end of the first quarter of this year, the total amount of public offerings owned by Northern CITIC Ruifeng Fund has totaled 29%.Cryptogameswithmostusers.30 million yuan. Among them, the main public offering products are bond funds, with a total scale of 24CryptogameswithmostusersThe total size of equity funds is less than 100 million yuan, and that of mixed funds is 246 million yuan.
Although it has been ten years since its establishment, the development of Northern CITIC Ruifeng Fund in the public offering product line has been somewhat stagnant. According to the reporter's statistics, by the end of the first quarter of this year, among the companies established in the same year (except brokerage management), the public offering scale of CICC Fund and Chuangjin Hexin Fund has exceeded 100 billion yuan. Jiahe Fund, Clay Innovation Fund and other companies have a public offering scale of more than 10 billion yuan, only Jiutai Fund is the same as Beixin Ruifeng Fund, the public offering scale is less than 10 billion yuan.
Under the background of the rapid development of the public offering fund industry in recent years, Beixin Ruifeng Fund has a history of breaking through the scale of 10 billion yuan. Data show that the company's public offering reached a new high of 13.395 billion yuan by the end of the first quarter of 2020, but shrank in the following years, falling to 1.549 billion yuan at the end of the first quarter of 2023.
In 2023, the senior management of Beixin Ruifeng Fund changed greatly. On August 17 of that year, Li Yongdong, the former chairman of the company, left office for work reasons and no longer served as chief inspector, while Zhao Yuanfeng, the former general manager, also left office for personal reasons. The chairman and the general manager left on the same day, which is rare in the industry.
As the head effect of the public offering fund industry becomes more and more obvious, small and medium-sized fund companies are facing more and more challenges. Some people in the industry have pointed out that the living environment of small and medium-sized fund companies is difficult, and there is also high assessment pressure, which may be one of the important reasons for executives and fund managers to run away.
The company has achieved good performance in fixed-income products in recent years, providing a strong cornerstone for broadening its product portfolio, the above-mentioned person told the International Finance News. At the same time, the company is also actively operating, and it is believed that better performance will help to increase the scale.