On April 29, Jiahe Fund announced that the regular opening and flexible allocation of hybrid funds by Jiahe Fund did not meet the effective conditions of the fund contract, and the fund contract was temporarily invalid. In layman's terms, the fund issuance is unsuccessful and needs a refund. This is the first case that the new offering contract in Public Offering of Fund has not come into effect since 19. In this regard, insiders pointed out that this new fund issuance has the characteristics of suspected outsourcing. Under the background of strengthening financial supervision, the channel business of public offering will continue to shrink in the future, and similar funds need to be avoided.
Looking at the announcement, Jiahe Fund said in the announcement that "the fund contract will not take effect for the time being". So temporarily not taking effect is equivalent to invalid fund approval? With this question, the Shanghai Stock Exchange interviewed many people in the industry. The interview explained that the failure of this fundraising may not be the final result. Fund companies can end this issue first, and then change it into an initiating fund according to the requirements of the new regulations, and then seek issuance. "But for the final effect of the approval, we still need to wait for the opinions of the management." The expression on it.
The embarrassment of Jiahe Fund is typical of small and medium-sized fund companies. The raising period of Jiahe Ruijin's regular opening and flexible allocation of hybrid funds just meets the shortage of funds in the stock market and bond market, and the issuance of new funds is very intensive. Jiahe Ruijin is a fixed variety, which has been closed for one year. The capital cost of this closed variety is higher than the general capital cost, so it is more difficult to raise.
In addition, the collection date of Jiahe Fund is worthy of attention. Previously, the regulatory authorities issued new regulations on fund issuance, which mentioned that the shareholding ratio of a single customer of fund products should be less than 50%, and this new regulation takes March 17 as the dividing line between the old and the new. The release date of Jiahe Ruijin happens to be March 20th, the first working day after March 17. In this regard, some professionals pointed out that the reason why Jiahe failed to raise this time is probably because it is difficult to find another fund with a matching amount in a short time after raising a single large sum of money to meet the requirement that the proportion of a single customer is less than 50%.
Having said that, it should be clear to everyone whether Jiahe Fund is reliable or not. I wish you a happy investment and financial management.