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Beingmate China Beat The Alarm Bell For The Chinese Version Of The 401K Plan.

2011/8/23 8:45:00 43

Beingmate'S "401K" Plan Alarm Bell

Since the SFC research center put forward the Chinese version "

401K

Since the "plan", the Chinese version of the "401K" plan is on the market.

Noise

It never stopped.

As a SFC, the intention to launch the Chinese version of the "401K" plan is not difficult to understand.

Because financing is a performance project of the SFC, the SFC must find money to expand its financing services for the purpose of expanding financing.

Today, as the stock market loses money, it is no longer easy for management to fudge individual investors. Although the number of public offering funds has increased sharply, the scale of funds has not increased and the stock market has been abandoned by individual investors.

Under such circumstances, management will naturally place the hope of attracting capital on institutional investors.

The Chinese version of the 401K plan is one of the hopes for management to attract capital.


But the Chinese version of the 401K plan is only wishful thinking by management.

The management wants the pension to be committed to the ugly Chinese stock market, but the pension will not be hooked. That is the pension issue.

According to the US "401K" plan, pension accounts are still personal, investment profits or losses are borne by individuals. Therefore, in the final analysis, the "401K" plan is to take the money of ordinary people to give financial institutions - mainly investment funds.

China's stock market was originally short of investment returns, and investment funds were not responsible for the safety of customers' funds. Under such circumstances, it was natural to invest the pension accounts of the ordinary people to investment funds.


On this issue, Beingmate's China Daily is undoubtedly a wake-up call for the Chinese version of the "401K" plan.

Hold high the banner of "national milk powder"

Beingmate

It was a new company listed in April this year.

However, the first Chinese newspaper published after the listing was not beautiful. In the first half of 2011, the net profit attributable to shareholders of listed companies was 195 million yuan, up 1.49% from the same period last year.

And this is not.

Beautiful

The performance is corresponding to the trend of the company's share price. Apart from a brief rush at the beginning of the listing, the stock price has been in a state of decline. At the end of the week, the stock price closed 32.29 yuan, breaking 23% of the issue price of 42 yuan.


The reason why Beingmate central news is of concern is to tell us who is the big head of Beingmate's breakage: that is, the social security fund, which is called the investor's money.

The 108 combination of social security and 602 social security portfolios hold 7 million 804 thousand and 500 shares and 1 million 154 thousand and 400 shares of Beingmate stock respectively, occupying the top two of their tradable shareholders.

According to market speculation, two social security portfolios were built at the initial stage of the listing, and the cost would be above 40 yuan.

If the two social security portfolios still hold Beingmate stocks, the book loss will be around 70 million yuan.

What is even more surprising is that in the face of the input of hundreds of millions of dollars, neither the social security fund nor the manager of the two social security portfolios, the Boshi fund and the harvest fund, did not carry out field research on Beingmate, and neither the fund managed by the fund and the Harvest Fund managed to buy Beingmate shares.

The two fund companies bought Beingmate shares for the social security fund.


Therefore, in the face of the huge losses of the social security fund on Beingmate stock, who will dare to invest his pension in the face of the investment attitude of Boshi and Harvest Fund?

The Beingmate daily is undoubtedly a timely warning for the Chinese version of the "401K" plan: pushing the Chinese version of the "401K" plan, there are still many problems in every aspect.


 

 


 

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