Chapter five hundred and ninety first earn extra money
"I heard that at Gopher Asset's annual customer meeting, Mr. Wang said that you and I teamed up to defraud her of US$200 million?"
After learning the news from Fang Yuhan, Zhang Yida immediately sent someone to check the authenticity of the news.
As a result, this matter really happened, but the news has not spread widely, and only a small number of people know about it.
Even if a small number of people know about it, Zhang Yida feels that Wang Jingbo's big label is too harsh and has seriously damaged his reputation.
So I quickly called Shen Beipeng to see what his attitude was.
Shen Beipeng frowned when he heard this, "No way? Wang Jingbo is usually a very shrewd person?"
"Is menopause early?"
Zhang Yida was feeding the goldfish in the office and said, "I have already investigated it. She was blocked in the office by more than a dozen clients, and then she blamed the poor performance of the fund on both of us."
Shen Beipeng had a dark face and took a deep breath, "Well, give me some time and I will deal with this matter."
"Okay, I'll give you some face and won't sue her for the time being."
Zhang Yida knew that Blackshirt Capital was a shareholder of Noah Wealth, and that a considerable portion of the funds raised came from this wealth management company.
In other words, it was for Shen Beipeng's sake, otherwise Wang Jingbo would have to pay a price.
He has not forgotten that Yimin Fortune and Noah Fortune are direct competitors.
If we make a fuss about this matter and kidnap a bunch of old customers of Noah Wealth, why not do it?
After figuring this out, Zhang Yida dialed Ding Siyao's phone number again.
"What is the current competition between Noah Fortune and us?"
Ding Siyao didn't know why Mr. Zhang suddenly asked this, but he still explained everything.
“Currently, traditional banks and securities firms are developing high-end private banking services. As for third-party wealth management, currently we, Noah, and CreditEase are the largest in terms of scale.
In terms of domestic business, Noah still ranks first, with a cumulative management scale of nearly 700 billion yuan, of which Gopher assets account for about 170 billion yuan."
Zhang Yida said "Hmm". After all, Noah has been established for more than ten years. With its reputation and heritage, it is not easy to surpass it.
"But Noah's risk control is really rubbish."
Ding Siyao realized that she had made a mistake and added, "I am not slandering my opponents, but they are stepping on mines frequently.
In 2014, they helped Jingtai Fund raise funds, but they were misappropriated by the other party;
In 2016, the Banyan Tree fund expired and could not be redeemed. The client invested RMB 1.07 billion for 6 years and received nothing;
The 546 million yuan Huishan Dairy credit bond sold in 2017 expired and could not be paid;
In 2017, the M&A fund under Gopher Asset invested 2.3 billion yuan in LeTV. The guarantee measure was a joint guarantee for the repurchase of LeTV and Jia Yueting personally. Now this fund may only be able to provide for "impairment losses."
Last year, their Hong Kong subsidiary was fined HK$5 million by the local Securities Regulatory Commission for multiple irregularities such as imperfect risk assessment and lack of internal systems and controls for the sale and distribution of investment products."
Zhang Yida frowned when he heard this. He stepped on so many thunders and died eight hundred times if he changed to a P2P platform!
But one good thing about the wealth management industry is that it serves high-net-worth clients at their own risk and does not pay rigidly.
Unable to redeem when due? Then extend the fund for a few more years.
The customer needs money urgently? OK, I can lend it to you at a cheaper interest rate.
Want to get the money back directly? Pulling up banners, calling the police, etc. will not work.
In the early days, third-party wealth management was an intermediary, helping various equity investment funds, securities investment funds, and bond funds draw funds.
With the development now, many times people start to play their own games. For example, investing in Yimin Dai is a primary market equity investment, and investing in Yimin Net Metal is a secondary market securities investment.
Zhang Yida asked: "How are they losing customers?"
Ding Siyao replied, "It's not that good. Only the people who stepped on the thunder have completely given up on them. Others have made money, so why should they quit? On the contrary, the more they invest, the more they invest.
After all, these are high-risk investments, and customers have also signed a liability agreement with them."
Zhang Yida feels that this is because the marketing has been done well. A smaller organization cannot afford one thunderstorm, let alone three consecutive ones.
After thinking for a while, Zhang Yida said: "Have you ever thought about poaching some customers from them?"
Ding Siyao smiled and said, "I have thought about it and put it into action, but the effect is not obvious."
Zhang Yida simply told her about Noah's loss of nearly 200 million US dollars in two Yimin companies, without hiding anything.
Ding Siyao was silent on the other end of the phone for a long time, and then slowly said: "Well, this matter is actually small if you say it is small, and it is big if you say it is big. But it still cannot shake the foundation of Noah's wealth.
If I tell peers like CreditEase Wealth and Hengtian Wealth, I believe they would be interested in making it known to the whole Internet.
The customers that Noah loses will basically choose a few of us, or banks and securities firms."
Zhang Yida thought for a while, there are too many competitors in the industry, and even if Noah Fortune collapses, Yimin Fortune may not be able to share much of the benefits, let alone it cannot collapse now.
"Hey, look at the recent trend of Noah's stock price. How about shorting them?"
Ding Siyao had just looked at the stocks of this peer company in the morning and replied directly at this time, "Their stock price has been stable recently, fluctuating around US$50, with a market value of just over US$3 billion."
Zhang Yida directly ordered, "Move quickly, short as much as you can, and do a short-term operation."
Ding Siyao immediately understood Zhang Yida's intention, which was to release bad news and make a small profit from it.
She estimated that Noah's wealth was not big, and the bad news was not too bad, but a few small goals should be no problem.
"Okay, I'll go set it up!"
Ding Siyao is far away in Singapore and has trading teams in the United States, Hong Kong and Singapore. The operation is still very flexible.
Zhang Yida didn't expect Wang Jingbo to give him any compensation, so he could just give Noah a few drops of blood.
Shen Beipeng arrived at Noah Fortune Company and walked into Wang Jingbo's office.
As soon as he saw Wang Jingbo, Shen Beipeng scolded him, "Are you crazy? Who framed you? Is it me? I will talk about it here today."
Although Shen Beipeng looks gentle and wears glasses, he is actually very domineering.
But whoever is overbearing depends on the target.
As soon as Wang Jingbo saw this posture, he knew that the Diamond Annual Meeting two days ago had caused trouble.
She was also very aggrieved. Last year, several funds had problems, and some clients made a fuss at the venue.
I was still blocked in the office by them, and I was in a panic for a moment, so I made a pretense and said that I was tricked by Shen Beipeng and Zhang Yida.
After saying this, she regretted it. Not only did the situation not stabilize, but the customers didn't buy it either.
The client didn't care whether she was being cheated or not, so she was scolded severely. The capital market was already full of intrigues, and she couldn't afford to play with the richest man and the king of venture capital. Who should blame her for being cheated?