2024-02-10 07:47:05
On New Year’s Eve, it was reported that Cao Xin, the 34-year-old “Chinese stock god”, fell to his death following falling from a building. The news has been confirmed by Chinese official media. The cause of death was officially confirmed to be psychological factors. However, there are rumors on the Internet that it was the 60% plunge in A-shares and loan sharking that led to the tragedy. …
(Previous summary: Rumors in the currency circle: A couple in Bali died mysteriously “due to cryptocurrency”. Is it credible? )
(Background supplement: The vice president of the largest shareholder of South Korea’s Bithumb jumped off a building and committed suicide! He was accused of corruption, embezzlement of public funds, and stock price manipulation)
An investment tragedy occurred on New Year’s Eve in China. Cao Xin (Cao Bangxun), who was only 34 years old and was known as the “Stock God”, was shocked to hear that he jumped from a building and died following borrowing a loan shark that he might not repay. This shocked the investment community. China’s technology A-shares recently plummeted 60%, wiping out their market value. More than 2 trillion U.S. dollars has caused investors and the investment community to cry out, and Cao Xin’s case has also attracted special attention.
Cao Xin used to share investment-related content on Weibo, as well as daily entertainment such as running, marathons, and traveling. She seemed to have a happy life and a healthy body and mind. Caixin, a Chinese media outlet, later confirmed the news of her death, saying, “Cao Xin January Passed away due to personal mental health reasons on the 31st at the age of 34.
It is understood that Shanghai Tianli Capital, founded by Cao Xin during his lifetime, is a private equity fund management organization for many local governments and institutions in China. It specializes in advanced manufacturing processes, artificial intelligence, industrial software, new energy and other fields. It can be said that it is very willing to accept new technologies and uses it with the utmost Tianli Capital is well-known in the Chinese community for its high performance and private equity results, and is known as the “King of Equity Investment” and “Stock God”. According to the Securities Fund Association of China, Tianli Capital’s asset size is approximately RMB 500 million.
Cao Xin often shares photos of healthy life, seemingly having a happy life (photo taken from Weibo)
Clues of messages left before death emerge
The last message left by Cao Xin before his death was on January 28.tellWe should focus on the overseas Indonesian market, saying that there are many good investment opportunities. A few months ago, he suddenly posted a post lamenting that things are impermanent: “If we don’t regret the past, don’t worry regarding the future, all we have is the present moment. The standard for living in the present is: If you die next moment, it won’t matter. There will be regrets.”
According to news from a Chinese investment group, Cao Xin was allegedly hunted down because of borrowing leverage from loan sharks. However, some netizens said in the group that the failure of A-shares was one of the reasons, but he later borrowed loan sharks overseas and switched to digital assets and lost all his money. This was the last straw, but there was no way to prove the authenticity of the remarks.
Tianli Capital responded to this, “Tianli Quantitative Private Equity Company, and the leveraged investment reported online are not the company’s business. Tianli was established in 2016 to engage in primary market equity venture capital.” Although this response stated that it has nothing to do with Tianli Capital, It can be considered as confirmation that the rumors of foreign debt and leverage are indeed true, but the specific projects Cao Xin invested in cannot be known.
Cao Xin was dubbed a stock god by netizens when he was only 34 years old. However, the drastic changes in the macro market and the excessive leverage leading to loss of life have also become a wake-up call that investors have to take seriously.
The moving area reminds readers thatInvestment is risky, please evaluate it carefully and do not blindly pursue returns. You should carefully evaluate the relevant risks to avoid losing both people and money.。
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