2018-11-30 15:38

 

Dingyifeng, Shenzhen: How the Eastern Hermit Manages Money for Believers

 

[Direct Report Network Beijing November 30th] (Legal Daily)Dingyifeng Morning Club has a certain reputation in Buddhist, Taoist and Confucian circles. On the one hand, it provides places for believers, on the other hand, it seems to open the door of wealth for these believers.

Dingyifeng's investment territory includes at least three Hong Kong shares and two A shares. Most of these stocks have low performance or are on the verge of delisting. However, after Dingyifeng's stock purchase, the stock price soared.

A host turned on the stereo and the drum sounded in the morning and evening. There were people standing shoulder to shoulder, holding their breath and concentrating. Under the guidance of the host, they began to read the Tao Te Jing.

Since 2011, such morning meetings have been held almost every day in a broad conference room on the 42nd floor of Pengnian Building in Shenzhen. Pengnian Tower is less than 2 kilometers away from Luohu Port and across the sea from Hong Kong.

The organizer of the morning meeting is not a pure religious organization, but a company named Shenzhen Dingyifeng Asset Management Co., Ltd. (hereinafter referred to as Dingyifeng). Dingyifeng's official website shows that in the past eight years, the company started with 1 million yuan and gradually expanded to a group that manages 10 billion assets. Its business covers funds, private equity, gold, high-tech chips, big health and even cultural tourism.

There are more than 20 subsidiaries directly controlled by Dingyifeng, most of which are located in Shenzhen. Today, Dingyifeng occupies more than 10 floors of Pengnian Building.

This amazing leap-forward development is attributed to Dingyifeng's chairman, Sui Guangguang, who claimed to have gone to Shanghai in the 1980s and entered politics in the 1990s, and then lived in seclusion and enlightenment. He claimed that he relied on reading ancient Chinese classics such as the Tao Te Jing and the Yi Jing to enhance his wisdom, and learned a "Zen Yi Investment Law" from "Zen" and "Yi".

However, the Southern Weekend Journalists'survey found that through these supernatural propaganda, Dingyifeng pulled up a network of believers, peddling their beliefs while selling them all kinds of investment products. A product contract that Southern Weekend reporters saw showed an average 5-year yield of 16.2%.

What is more striking is that Dingyifeng's investment territory includes at least three Hong Kong shares and two A shares. Most of these stocks have low performance or are on the verge of delisting. However, after Dingyifeng's stock purchase, the stock price soared.

Religious recharge

One day in November 2018, Southern Weekend reporters participated in a morning meeting of Dingyifeng, which was attended by about 300 company employees and investors.

Participants can only attend through the invitation of company employees, so it is difficult for others to get a glimpse except investors. Before admission, the front desk staff should also register the identity cards and mobile phones of each participant and present a simple printed Daodejing.

Before chanting, Sui Guangguang, chairman of the board of directors of Dingyifeng, led a group of senior executives to enter the hall quickly, and the crowd stood up and made eye-catching remarks. He is not tall, slender, wearing a grey ponytail, long beard, and a dark suit, looks "fairy wind tunnel bone".

But when it opened, the Northeast Tune was revealed in the broad sense of Sui Dynasty. After the recitation, he began to talk about stocks, investment and wealth, which attracted a lot of applause from the stage.

In the Sui Dynasty, the general custom was to stand and speak, and to keep a white board beside him, and to write some key words as he spoke. Speaking of pleasure, he increased his voice and said to the audience, "You know that in the last century there was a Buffett in the West, and there were Kazuo Inamori and Sun Zhengyi in Asia. So who is in the East today?"

The audience responded intelligently: "Sui broad sense."

Sui Guang-guang smiled and said, "Well, there is a hermit in the East."

After nearly an hour's morning meeting, the salesmen's work really started. Investors who come to visit will be invited to separate teahouses. Salesmen boast of the investment miracle created by Dingyifeng, ranging from asset size to stock market myth, and then recommend various investment products under Dingyifeng.Many sales contacted by Southern Weekend reporters claim to come from Tianhe Cultural Creative Club (hereinafter referred to as Tianhe Club). According to an official Handbook of Dingyifeng obtained by Southern Weekend Journalists, Tianhe Club is wholly owned by Dingyifeng and is distributed all over the world with more than 90 branches. However, the specific inquiry of each club's business information, shareholders are often independent, do not see the relationship with Dingyifeng.