Recently, the net value of Hesheng Asset, a private equity fund with 10 billion bonds known for its stability, suddenly fell “cliff-style” in the net value of many of its pure debt strategy products, falling by more than 4% in a single week. Earnings since this year have almost returned to zero. The reporter sought evidence in the name of an investor and obtained confirmation from relevant personnel from Hesheng Asset that the product withdrawal was indeed due to holding Vanke bonds.

Recently, the net value of Hesheng Asset, a private equity fund with 10 billion bonds known for its stability, suddenly fell “cliff-style” in the net value of many of its pure debt strategy products, falling by more than 4% in a single week. Earnings since this year have almost returned to zero. The reporter sought evidence in the name of an investor and obtained confirmation from relevant personnel from Hesheng Asset that the product withdrawal was indeed due to holding Vanke bonds.