Tuesday, February 28, 2012

Domestic investors trust products can borrow to buy Facebook

If there is a shareholder in before Facebook IPO of investment opportunities in eyes, how many people can do not mind.

Report from our correspondent reporter xu can be strange

Though Facebook (Facebook) IPO in the far ocean and carrying case, but domestic investors has a chance to pass trust channel curve shares a slice of the action themselves. The journalist learned, peace, peace is preparing to raise funds trust issue "QDII equity hook structured products facebook (Face-book) not listed equity", plans to raise $24 million equivalent to about 150 million yuan RMB, despite facing loss caused exchange rate or high-end customers to chase after hold in both hands.

Only faces high-end customer collect

"If a shareholder of Facebook IPO in before the present investment opportunity, how many people can do not mind." Mr. Zhang investors, told reporters after the Spring Festival, he passed the relevant learn about, peace, peace in the small scope trust issue "QDII equity hook structured products Facebook (Facebook) not listed equity" to raise funds materials, this suddenly caught his strong interest.

Peace of relevant personage to trust reporters confirmed, this kind of QDII above trust products do in preparation for raising money, but the present related matters in negotiations, temporarily shoulds not be disclosed. Reporters were from various understands, this paragraph and build on the relationship between Facebook QDII trust product the extent of the hottest beyond peace the trust prior expectations, leading to many investors trying to apply for investment quota.

"Money is not the problem, this product only faces high-end customers raising money, really is limited to rich." Peace in the relevant personage trust reporters pressed by repeatedly introduced, the QDII trust product plans to raise capital of 24 million us dollars, according to the latest dollars to RMB exchange rate conversion is about 150 million yuan. According to the lowest 5 million yuan RMB or equivalent dollar investment threshold to calculation, only 30 a domestic investors "to" participate in.

Exchange rate against heat loss difficult issue

"Investment QDII products face exchange rate losses, but if Facebook listed on the stock exchange, this rose after the cost again calculate what?" Another investors Mr. Li told reporters after he had invested in real estate trusts issue of peace trust products, the heard and Face-book not yet on the market the stock of this QDII products for customers trust immediately after ask the manager, but get reply is "issue too hot can't help".

Close to attract investors frenzy not yet on the market shares of Facebook is the main reason why windfall profits. Chinese investment li ka-shing's richest man, $120 million for a 0.8% stake in Facebook. If the listed Facebook after the market value of $100 billion calculation, li ka-shing's shares worth $800 million, the income close to six times. "On Facebook IPO shareholder, before formal earnings will not, of course, the li ka shing have as high, but still significant." Peace trust related parties, last September's Face-book not listed equity in bid $33 per share, in May last year and completed the world's largest IPO business social networking site Linkedin share price is the first price up 109%. Ordinary QDII product at present it is difficult to attract domestic investors, and peace of the trust of the QDII product launches so hot, the main or touched the light of Facebook.

"In fact of this trust products position is the PE (private equity) fund." Peace trust related parties, domestic partial trust products to raise capital participation pre-alpha-the IPO, commonly known as assault a shareholder. But this kind of peace is not only the trust QDII products assault Facebook shares, but also related to bill through the structural curve, become a shareholder, so in management model is more complex.

"Investment set limits

Curve set limits required contribution

But the reporter understands, even if a few domestic high-end customers "to" become the trust of the QDII peace trust products of the holder, but not directly hold the equity of Facebook. The trust of this issue peace trust products is actually through QDII channel, investment made by overseas investment Banks issued a hook Facebook not yet on the market of the structural equity instrument. Thus indirectly held Facebook equity, on Facebook is listed, the holder of the relevant equity for overseas investment Banks continue to show.

The trust of the QDII products peace the duration is tentatively set for two years, investors may not be redeemed in duration. Once the Facebook listed, structural bills will be automatically converted into 100% participate in Facebook stock price performance hook the bill. On Facebook stock after the expiration of the lock, investors can entrust peace in the open market for selling the trust. Facebook stock selling price is tentatively set for investors entrusted for five days after the close of average price, and an exit plan should identify by Facebook.

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