news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

According to data from the Asset Management Association of China, the loss of the public fund market in 2023 reached 1.92 trillion yuan, making it the largest loss year in nearly 20 years. At the same time, the amount of redemption by investors has exceeded 500 billion yuan in the first two quarters, and market sentiment continues to be sluggish.Behind these shocking figures, the fund management has failed to fulfill its responsibilities, which has led to a complete collapse of investors’ confidence. As the anti-corruption campaign in the financial industry is gradually advancing, Zhao Xuejun, the head of Harvest Fund, the fourth largest public fund in China, has been arrested on suspicion of corruption.This not only reveals the dark side of fund management, but also marks that the anti-corruption campaign in the financial industry has entered unprecedented deep waters.

Publicly offered funds were once highly anticipated to become a stabilizer of the stock market.Sadly, some fund managers have deviated from their original intentions. While chasing high management fees, they buy new stocks at high prices to take over (fund managers take kickbacks behind the scenes), and use securities lending and other means to short the funds they manage, resulting in huge losses for the majority of fund investors.。This kind of behavior of eating from the bottom and harming others for personal gain eventually made the fund manager his own gravedigger and caused countless investors to lose confidence in the fund.Similar operations have led to collective condemnation of many well-known funds by investors. The improper behavior of fund management has seriously damaged the stability of the market. In the first two quarters of this year, the amount of redemption by investors has exceeded 500 billion yuan. This is not only a lack of trust in the market, but also a silent protest against fund management.Historical experience shows that it is unreliable to give money to anyone. You want their interest, but they only want your principal.

The confidence of investors is the cornerstone of the fund market and a continuous source of funds, guiding the development and growth of funds.When huge losses become the norm, confidence gradually disappears without a trace. Last year, the loss of public funds was close to 2 trillion yuan, and this year's redemption wave continues to hit like a storm. The inaction of fund management in the face of losses directly led to the collapse of trust among fund investors. This lack of trust is a burden that the public fund market cannot bear.When investors see their investments shrinking again and again, their helplessness and disappointment make redemption the only option. Redeeming early can still leave some bones, but redeeming late will only be left with a pile of wool.

Just when market confidence was in shaky shape, Zhao Xuejun, the helmsman of China's fourth largest public fund, Harvest Fund, was arrested on suspicion of corruption, which was undoubtedly a heavy blow to the entire fund market.Harvest Fund manages more than 1.5 trillion yuan in assets. In the past three years, the average loss rates of its funds were as high as 19.03%, 14.25% and 23.33% respectively.What is even more sad is that even with such poor performance,The major fund companies still openly collect more than 200 billion management fees every year, without caring about the lives of the majority of investors.The arrest of Zhao Xuejun also indicates that the anti-corruption campaign in the financial industry is deepening. This campaign is not only about clearing up individual management, but also about reshaping the entire market order. Experts pointed out that this campaign marks that the anti-corruption campaign in the financial industry has entered the deep water zone, and Harvest Fund has become a typical case of this wave of anti-corruption campaign.

Market confidence is crucial during the current period of economic adjustment in China.The trust of investors is particularly valuable. To rebuild this trust in the public fund market, the improvement of transparency, the protection of investors’ interests, and stricter supervision by regulatory authorities will become the key to rebuilding the market’s trust.The latest report from the Institute of Finance of the Chinese Academy of Social Sciences emphasizes that strict supervision and accountability systems will be the cornerstone of the healthy development of the market. Investor protection has become the focus of today's society. Only by taking effective measures and improving performance can we truly protect the interests of investors and promote the healthy development of the public fund market.Faced with the current market environment, investors need to treat investment risks more rationally. The more the price falls, the more they buy; the more they buy, the more it falls. As long as the fund is not liquidated, there is hope of making a profit. They can take a chance and turn a bicycle into a motorcycle. Those who have these ideas will lose everything they have.