In 2013, the President of Nicaragua signed an agreement that shocked the world, involving the Nicaraguan Canal Development Project, with an announced investment of $50 billion, equivalent to the Nicaraguan national ten-year budget at the time, according to the plan, the total length of the Nicaraguan Canal is 276 kilometers.
Such a bigger than the project, Nicaragua is obviously difficult to independently bear, she found a "big money owner", a mysterious company from China, the trust group, for a time, the global capital circle are hotly discussing this trust group, everyone is asking, the trust group's keeper Wang Yuan is actually holy?
On December 22, 2014, Foreign Ministry spokeswoman Hua Chun Liu was asked by reporters: “How important is it for Chinese companies to build the Nicaraguan Canal?”
Who would have thought that this big project, which was mistakenly thought by foreign media that "there was national power behind it", was actually a scam concocted by businessman Wang Jing. He used the gimmicks of "digging canals" and "launching satellites" to defraud the bank of 28 billion yuan and trap 150,000 shareholders lost their money. After making a fortune, they were completely lost. How much greed and absurdity is hidden in this shocking scam?
Wang Yuan's "reverse attack path", from the beginning was through the cat. In 1972, he was born in a Beijing ordinary family, graduated from Jiangxi China Medical University, should have been a doctor, but in 1993 suddenly retired back to Beijing to open the bathing center.
He is not willing to only be a "bathroom owner", has studied Chinese medicine, changed the name of the bathing center "Beijing Changping School of Education", himself as a "director". relying on this layer of "education" packaging, the business has burned up, he first discovered that without real gold and silver, only on "concept creation" can be pretended to be a successful person.
After that, Wang Jing dared to brag even more. After the return of Hong Kong, he rented a cubicle in Hong Kong and opened three leather bag companies, whose names were louder than anyone else: Hong Kong Dingfu Investment Group, China Xinhua Guoan Technology Co., Ltd...
He also ran to Cambodia, saying he had a gold mine valued at 5 billion, and founded the “Kingdom of Cambodia Asian Agricultural Development Group”, which sounds like a multinational enterprise, actually registered funds only 2000 Riels, reduced to RMB 35. Who can imagine, is such a “Bloom King”, later became the chairman of the listed company.
In 2010, Wang Jing suddenly threw out 130 million yuan to acquire 41% of Xinwei Group, which was on the verge of bankruptcy, and transformed himself into chairman. No one knows where he got the 130 million yuan, but his method of revitalizing Xinwei is simply a textbook for "empty gloves and white wolves".
He is eyeing the bank's "buyer's credit" model: first register a Cambodian Xinwei company (actually a subsidiary of Xinwei) and let this subsidiary buy 3 billion equipment from Xinwei; Then use Xinwei assets as collateral to let China Development Bank lend 3 billion to Cambodia Xinwei; Finally, the money circled and returned to Xinwei's pocket. Relying on this left-handed and right-handed operation, Xinwei made a net profit of 570 million that year, and Wang Jing also became famous in the first battle and became a "dark horse" in the business community.
In 2012, he founded a company in Hong Kong and vowed to invest 50 billion (about RMB 3300 million) in the Chinatown Nicaraguan Canal, which is three times longer than the Panama Canal, and would possess 8% of the global logistics pricing power if it were really completed.
Wang Yuan deliberately did not clarify "whether there is state support", leaving the outside world to speculate, even the foreign media thought that this is a big project in China.Based on this head, in 2014, the list of trusted shell, the valuation jumped directly to 11.19 billion, became the technology "leader" of A shareholders.
What's even more outrageous is that Wang Jing is also rubbing the "space fever". In 2014, the state encouraged private capital to engage in aerospace. He immediately announced that he would cooperate with Tsinghua University to launch 32 satellites within six years, and he actually launched one.
He everywhere to create “patriotic entrepreneurs” people, say that he is “business newspaper country”, even the securities traders helped to blast: “Buying Shenzhen Shares, is the rise of the belief of buying China great powers!” the shareholders were obscured by this wave of operations, crazy, in 2015 Shenzhen market value jumped to 200 billion, Wang Yuan also rose to 395 billion, also rated by the British “Financial Times” as the “most worthy of attention Chinese.”
The lie will eventually be broken. In 2016, a seventy-year-old lady named Yang Quanyu suddenly sold Xinwei shares and cashed in 4.1 billion yuan. This old lady did not know how to stock trading at all. Everyone with discerning eyes knew that behind her was a mysterious shareholder of Xinwei.
Next, 37 mysterious shareholders collectively invented the runway, net easy finance directly exposed: trustworthy financial counterfeiting, the main business almost no income! more striking is, the Nicaragua Canal project was ripped: 500 billion investments only repaired a section of 200,000 dollars, externally said there are 500 employees, in fact less than 30 people, still debt salary forced the president's son to borrow debt; satellite project is worse, the launch of one has no context, so-called "32 satellites" is pure cake painting.
Wang Yuan panicked, and began to delay the time with “stop card”.From 2016, Shenwei first announced the “temporary stop card for 3 months”, the expiration of the “reorganization stop for 3 months”, then the “complex foreign processes” due to the extension, the stop is 3 years.
In the past three years, Xinwei's losses have been getting bigger and bigger, and it has borrowed 28 billion yuan from China Development Bank to fill the hole. 150,000 shareholders have been looking forward to it for 937 days. In 2019, they finally waited for the round-trip card. Wang Jing made another "big move": he said that he would reorganize with Tianjiao Aviation and introduce military engine technology. Shareholders believed it again, but what they were waiting for was not the daily limit, but 43 consecutive lower limits!
On May 25, 2021, Xinwei was forcibly delisted, with an average loss of nearly 250,000 per capita investors. Some people lost their life savings. Wang Jing was fined by the Shanghai Stock Exchange to "not be allowed to be a senior executive for 10 years", but this punishment was irrelevant to him. He had long pocketed the money and then completely lost contact. No one knew where he had gone. If the bank's 28 billion yuan is not returned, no one will compensate for the losses of the shareholders. Only ordinary people who have been carried away by greed will pay for this scam.
Looking back now, Wang Jing's scam is actually full of loopholes: a company registered for 3.5 yuan, a loan with left-handed hands on the right hand, a canal with only a gravel road built... But why are so many people still believing it? Because he accurately captured people's "dream of rapid wealth" and "patriotic feelings", and used grand concepts to cover up the false essence. Some people blame Wang Jing for being too bad, but they have to think about it, are those investors who follow the trend and increase their positions blinded by the greed of "making quick money"?
There is no good thing in the stock market, the more it sounds like "can change the world" project, the more you need to keep an eye on it. Wang Yuan has lost connections, but his lessons are still: don't take "concept" as "power", don't take "people" as "truth". After all, real investment is based on reason, not fantasy; real success is based on practice, not blasphemy.