(Source: "Securities Daily" 2024-12-11)

At 10:00 on December 11, 30% of the w88 login of Xinjiang Qianhai United Fund Management Co., Ltd. (hereinafter referred to as "Qianhai United Fund") was auctioned for the fifth time.

As competition in the public fund market has intensified and the Matthew Effect has intensified, the profitability and strategic transformation of small and medium-sized public institutions have become challenges in recent years. Some shareholders of public institutions are eager to seek new "buyers" to transfer their shares. In auctions, the price of w88 login transactions has fallen again and again, and even failed auctions have occurred.

Industry insiders said that changes in the w88 login of small and medium-sized public w88 login institutions are usually due to two reasons: First, due to the decline in profitability of small and medium-sized public w88 login institutions in the fiercely competitive market, business growth is under pressure, resulting in shareholders transferring w88 login; second, due to shareholders' own poor management or strategic transformation and other reasons, there is an urgent need to cash out and transfer w88 login.

Qianhai United Fund

30% w88 login discount auction

The online auction platform shows that at 10:00 on December 11, the w88 login of Qianhai United Fund corresponding to the investment amount of 60 million yuan, or 30% of the w88 login held by the person subject to execution, Shenzhen Jushenghua Co., Ltd. (hereinafter referred to as "Shenzhen Jushenghua"), was auctioned for the fifth time. The starting price of this auction is only 37.66224 million yuan, which is a 44% discount compared to the assessed price of 67.254 million yuan.

For the same subject matter, the 30% w88 login of Qianhai United Fund held by Shenzhen Jushenghua has been auctioned four times this year. In order of the starting time, they are March 4, July 12, August 23, and October 30. The auction prices correspond to 47.0778 million yuan, 47.0778 million yuan, 37.8422 million yuan, and 37.6622 million yuan respectively.

In the previous four auctions, the first auction was withdrawn because "a person outside the case raised a well-founded objection to the auctioned property"; the second and fourth auctions were rejected because no one bid; the third auction was finally sold for 37.84224 million yuan, and the buyer was Shenzhen Yueshang Logistics Co., Ltd.

(The fifth auction of 30% w88 login of Qianhai United Fund Peng Yansong/Tabulation)

As for why the subject matter was put on the auction platform again?Assistant Dean and Associate Professor Lou Qiuran of the w88 casino of Law, w88 casinoIn an interview with a reporter from Securities Daily, it was analyzed that this was because the buyer failed to fulfill its payment obligations in time after successfully bidding. According to the provisions of Article 39, paragraph 1, of the Auction Law, the buyer shall pay the price of the auction object as agreed. If the buyer fails to pay the price as agreed, he shall bear liability for breach of contract, or the auctioneer shall obtain the consent of the client to re-auction the auction object.

Change in w88 login of small and medium-sized public w88 login institutions

Is it an opportunity or a challenge?

Coincidentally, this year many shareholders of small and medium-sized public w88 login institutions are seeking to transfer their shares. For example, 22.6027% of the w88 login of Donghai Fund Management Co., Ltd. was auctioned on the online judicial auction platform three times in May, July, and November this year, but the auction failed because no one bid. Jiahe Fund Management Co., Ltd. (hereinafter referred to as "Jiahe Fund") is no exception. AVIC Trust Co., Ltd. (hereinafter referred to as "AVIC Trust") has tried many times to transfer its 27.27% stake in Jiahe Fund since December 2022. It was listed for transfer again in May this year, but it has not yet found a suitable buyer.

Behind the frequent changes in the w88 login of small and medium-sized public institutions is the current situation in which competition in the public fund industry has intensified and the living space of small and medium-sized institutions has been squeezed. In recent years, the scale of public fund management has continued to expand, and the industry has entered the fast lane of development. However, public institutions with different resource endowments develop very differently. The advantages of leading public w88 login institutions are fully demonstrated, and funds and talents are accelerating to move closer to leading fund companies, while some small and medium-sized fund companies are moving towards differentiation. Small and medium-sized public w88 login institutions are at a disadvantage in terms of performance, scale, talent, etc., and it is more difficult to achieve breakeven.

Although small and medium-sized public w88 login institutions face many challenges, some institutions still strive to improve their comprehensive competitiveness by introducing powerful shareholders and optimizing corporate governance structures. For example, recently, the largest shareholder of Vanguard Fund is also about to change. The new shareholder is a technology-based listed company engaged in securities consulting.

Lou Qiuran said, As far as the w88 login changes of some small and medium-sized public w88 login institutions are concerned, the w88 login acquirers may be strategic investors who are more powerful, have a better plan for the development of public w88 login institutions, and can better inject advanced concepts and technologies into the operation and management of public w88 login institutions. In this case, the shareholder composition of small and medium-sized public w88 login institutions may have completed the transformation from mainly financial investors to mainly strategic investors, and from weak to strong, which will help these small and medium-sized public w88 login institutions to complete the upgrade and transformation of business management and comprehensively enhance their competitiveness.

Dai Jingxia, a senior analyst at Morningstar (China) Fund Research Center, said in an interview with a reporter from Securities Daily that the key factors for small and medium-sized public w88 login institutions to optimize management through w88 login changes include three points: First, small and medium-sized public w88 login institutions must first clarify their strategic goals, formulate detailed business development plans, and select shareholders who can help the company achieve strategic goals and are consistent with the company's culture and values to ensure that they can bring added value to the company while reducing friction. Secondly, in the process of optimizing internal management with the help of shareholders, small and medium-sized public w88 login institutions may need to change and reorganize their management, and improve corporate governance efficiency by introducing professional talents and strengthening training. Finally, during the process of w88 login change, it is necessary to ensure that the w88 login change and all adjustments to the company comply with regulatory requirements, and report to the regulatory agency in a timely manner to prevent compliance risks.

Attachment: Original link

http://www.zqrb.cn/fund/jijindongtai/2024-12-11/A1733908051837.html