freeandroidcryptogames| Is salary arrears a misunderstanding? Beixin Ruifeng Fund responded, what are the facts behind it?

This article comes from: financial Union

Beixin Ruifeng FundFreeandroidcryptogamesThe rumor of "arrears of wages" sparked a heated discussion in the market.

In this regard, Beixin Ruifeng Fund responded to reporters that "arrears of wages" is a rumor, the actual situation is that the company's pay model and date have been adjusted.

The reporter also learned from people close to the Beixin Ruifeng Fund that under the original "upper payroll" model, the Beixin Ruifeng Foundation paid the full salary of May ahead of schedule on May 15, but after changing to the "next payroll" mode, the full salary of May will be paid in early June. At present, the vast majority of domestic enterprises adopt the "payroll" mode.

Beixin Ruifeng Fund also stressed that all employees' monthly salaries are normal and paid in full, without any delay or deduction, and that the company's business operation is normal.

"unpaid wages" is a rumor, which is actually a change in the mode of salary payment.

A piece of news about a state-funded public offering of "unpaid wages" was widely circulated on social media yesterday.

According to the usual practice of the offering, the salary date is usually the 15th of each month, while the offering dragged on for a week in May and has not yet been paid, according to the source. After multi-party verification, the reporter found that the public offering referred to by the whistleblower was the Beixin Ruifeng Fund.

In this regard, the reporter contacted Beixin Ruifeng Fund for verification, Beixin Ruifeng Fund responded that the so-called "wage arrears" rumors are false information.

Beixin Ruifeng Fund said that the actual situation is that the company has recently adjusted the salary payment time, from the original upper pay model to the next pay, which is fully in line with the relevant national laws and regulations.

Northwest Ruifeng Fund stressed that despite the change in the payment date, the monthly salaries of all employees were paid normally and in full, without any delay or deduction.

It is reported that the "upper pay" model means that this month's salary will be paid this month. For example, on May 15, all wages for May will be paid in advance. The "pay-off" model means that the salary of this month will be paid next month, for example, all wages in May will be paid in early June.

Some people in the industry told reporters that the "upper pay" model, which pays all salaries in the middle of the month, will have financial management inconvenience, and will be adjusted to "lower pay", which will help to optimize the company's financial management process and improve operational efficiency.

When talking about the company's current operating situation, Beixin Ruifeng Fund said that the business operation is normal and continues to show a good momentum of development.

With regard to the online problem that some of the office staff of Beixin Ruifeng have moved out of the office location, the reporter learned that this is because Beixin Ruifeng is changing its office location, although some employees are still working in the original office location. however, the original office floor where the employees have moved out of the original office floor shows the scene of "no one is working and the articles are disorderly". It is reported that Beixin Ruifeng's new office address is located in Fengtai District, Beijing. As the "moving" process has not yet been completed, the company's office address has not yet been updated on the company's official website.

In addition, with regard to the information released on the Internet without strict verification, Beixin Ruifeng Fund revealed that it will take legal measures to seriously deal with acts that continue to spread false remarks and damage the company's reputation, so as to defend the legitimate rights and interests of the company. at the same time, efforts will be made to create a healthy environment for public opinion.

The management scale of Beixin Ruifeng is too small, and its fixed income ranks at the top.

Beixin Ruifeng Fund is a trust department public offering, which was established in March 2014. The company is jointly established by Beijing International Trust Co., Ltd. and Laizhou Ruihai Investment Co., Ltd., with a shareholding ratio of 60% and 40% respectively, and the company's registered capital is 1.Freeandroidcryptogames70 million yuan.

According to public information, Beijing International Trust Co., Ltd. is a large non-bank financial institution specializing in financial trust business, and is one of the first trust companies established at the beginning of China's reform and opening up. Laizhou Ruihai Investment Co., Ltd. is familiar with the capital operation of the mining industry and is good at the industrial chain integration of mining projects.

At the end of the first quarter of 2024, the company managed 2.739 billion yuan of non-goods, with a total of 15 funds, including 3 equity funds, 7 mixed funds, 3 bond funds and 2 currency funds.

Although the management scale is small, the performance of many of the company's products are relatively high.

In terms of fixed collection business, Northern CITIC Ruifeng's overall performance is among the top. According to the "performance ranking of Fund Company Equity and fixed income assets (2023.12.31)" released by Haitong Securities, as of the end of last year, the overall rate of return of Beixin Ruifeng fixed income fund in the last year was 7.60%, ranking first among 167 companies. In the long run, the overall returns of Beixin Ruifeng fixed income fund in the last three years and the last seven years are 13.17% and 35.47% respectively, ranking 4pm 131 and 15max 88 respectively.

Among them, Beixin Ruifeng stable income is the company's fixed income fund in a better performance of a product. The fund has been managed by Jin Xiaolong, a fund manager, for nearly three years.

According to the Tiantian Fund Network, as of May 21, the fund's Class A share has earned 2.65% so far this year, ranking 215th among 2479 similar funds, and 6.23% in the past year, ranking 74th among 2205 similar funds. the income in the past three years was 21.02%, ranking 33rd among 1642 similar funds. By the end of the first quarter, the size of the fund was 2.178 billion yuan.

Jin Xiaolong has a bachelor's degree in finance from Peking University and a master's degree in financial engineering from Boston University. He has been engaged in credit rating and bond investment research for six years. He joined Beixin Ruifeng in March 2015 and is currently the deputy general manager of the fixed income investment department of Beixin Ruifeng.

In terms of equity business, Beixin Ruifeng Research Select is a better product among the company's equity funds. As of May 21, the fund has earned 18.31% so far this year, ranking 32nd among 859 similar funds; 10.81% in the past year, ranking 26th among 794 similar funds; and-4.96% in the past three years, ranking 86th among 534 similar funds. However, the fund management scale is relatively small, as of the end of the first quarter of this year, the fund management scale is 17 million yuan.

However, Beixin Ruifeng also has poor performance of equity funds. Among them, Northwest Ruifeng healthy Life and Northern Credit Ruifeng industrial upgrading have lost more than 20% in the past year.

Last year, senior executives changed their coaches, bringing in a 20-year veteran as the new general manager.

Since the establishment of Northwest Credit Suifeng, its senior management has changed many times. Six months ago, the company just welcomed its new general manager.

On December 29, 2023, Beixin Ruifeng issued a senior management change announcement. Liu Xiaoling, the new general manager, took office on December 27, according to the announcement.

Liu Xiaoling is a veteran who has been in the fund industry for more than 20 years. She started working in September 2002 and has worked in well-known fund companies such as Bosera Fund, Fuguo Fund, Taikang Asset Management, Rongtong Fund, Manulife Fund, etc., and has served as sales assistant, channel manager, regional director of the northern region, channel director of the four major banks and joint-stock commercial banks in the northern region, head of the retail marketing department, marketing director of the public offering department, and deputy general manager of the company. She has rich experience in product sales, channel management, corporate governance, etc.

Not long before the introduction of the new general manager, Beixin Ruifeng's chairman also changed.

On August 17, 2023, Beixin Ruifeng Fund issued an announcement on personnel changes. Li Yongdong, the former chairman of the company, left due to work reasons and no longer serves as the inspector general. Zhao Yuanfeng, the former general manager, left due to personal reasons. Both of them left the company. The dates are August 15, 2023.

In addition, Xia Bin is the new chairman of Beixin Ruifeng and acting as inspector general, and deputy general manager Wang Naili is acting as general manager.

Xia Bin holds a master's degree in political economics from Zhejiang University. He has successively served in Junan Securities, Guosen Securities and other companies. He has served as general manager of the investment headquarters of Shenye Group Shenye Investment Development Company and a partner of China Power Fund of China Power Investment Holding Company. On February 2, 2016, Xia Bin's qualifications as director and secretary of the board of directors of Beijing International Trust were approved.

In September 2021, Xia Bin joined Huaxia Financial Management as vice president of Huaxia Financial Management, in charge of the company's alternative investment lines (including non-standard, equity, ESG, REIT businesses, etc.), investment research business, etc.

Industry insiders pointed out that small and medium-sized fund companies have small management scales and very limited resources available. If they want to achieve steady development while ensuring survival, they need to impress investors with stable performance and expand their scale. Nowadays, the overall fund market is facing challenges, and the senior management team of Beixin Ruifeng is facing considerable problems. However, the company's new general manager has worked in many large institutions and has rich experience in channels and sales. Whether he can successfully lead Beixin Ruifeng to achieve a "counterattack" is worthy of attention.