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[Jinxin Fund assists in implementing 1.Newcryptogamescomingout1.6 billion yuan asset plan triggered enforcement incident] on May 10, the enterprise investigation information revealed that Jinxin Fund Company was enforced by the Shenzhen Intermediate people's Court of Guangdong Province, and the amount of execution was as high as 1.Newcryptogamescomingout.1.6 billion yuan. This enforcement and previous resumptionNewcryptogamescomingoutIt is reported that the Jinxin Fund was enforced in March 2021, when the amount of execution was 39.4074 million yuan. The reason is that Jinxin Fund set up an asset management plan in 2017 for a single client.NewcryptogamescomingoutThe "channel products" were established before the guidance on standardizing the Asset Management Business of Financial institutions. After the end of the asset management plan, liquidation will be carried out in 2020. However, due to the default of the bond issuer in the process of investment operation, which leads to commercial disputes with the counterparty, in the end, the asset management plan bears all the liability for breach of contract. Jinxin Fund participated in arbitration and enforcement procedures on behalf of the asset management plan, but the court terminated the enforcement proceedings at the end of 2022 as the defaulting bond issuer entered the bankruptcy reorganization process. Subsequently, the Jinxin Fund assisted in the resumption of implementation procedures to deal with some of the distributable property arising from the bankruptcy reorganization. For this enforcement incident, Jinxin Fund said that it has communicated with the enforcement court to apply for correction and revocation of public information, which is expected to be completed within this week. Jinxin Fund stressed that the company has no property to be executed and is only the agent of the asset management plan to assist the court in the enforcement process on behalf of the plan. In addition, Guoyuan Trust, the institutional shareholder of Jinxin Fund, has withdrawn, and the equity transfer has been traded at 37.2 million yuan on March 20. Although the management scale of Jinxin Fund is small, its financial performance is sound. In 2022, the operating income was 92.247 million yuan and the net profit was 3.8217 million yuan. The operating income in the first 11 months of 2023 was 76.6348 million yuan and the net profit was 4.187 million yuan. The advantages and disadvantages of the impact of shareholder changes on small and medium-sized fund companies depend on the strength of new shareholders. After the approval of the CSRC, 31% of the equity ownership of the Jinxin fund will be revealed.