On New Year’s Eve, it was reported that 34-year-old Cao Xin, known as the “China Stock God,” fell to his death from a building. Chinese official media has confirmed the news, and the cause of death has been officially confirmed to be psychological factors. However, there have been online rumors that the incident was caused by a 60% plunge in A-shares and high-interest loans.
Background:
Korean Bithumb’s largest shareholder and Vice President committed suicide by jumping off a building! Accused of embezzlement, misappropriation of public funds, and stock price manipulation.
On Chinese New Year’s Eve, a tragic investment incident occurred. Cao Xin, only 34 years old and nicknamed the “Stock God,” reportedly jumped to his death due to inability to repay high-interest loans, causing shock in the investment community. China’s technology A-shares have recently plummeted by 60%, resulting in a market value evaporation of over 2 trillion US dollars, leading to outcry among investors and the investment community. Cao Xin’s case has attracted particular attention.
Cao Xin used to share investment-related content on Weibo, as well as his hobbies such as running marathons and traveling, giving the impression of a fulfilling and healthy life. However, Chinese media outlet “Caixin” later confirmed the news of his death, stating that “Cao Xin passed away on January 31 due to personal psychological health reasons,” at the age of 34.
It is understood that Shanghai Tianli Capital, founded by Cao Xin, is a private equity fund management institution for many local governments and institutions in China. It specializes in advanced processes, artificial intelligence, industrial software, new energy, and other fields. It is known for its willingness to embrace new technologies and has gained a high reputation in the Chinese community for its outstanding performance in private equity. According to the China Securities Fund Association, Tianli Capital has an asset size of approximately 500 million RMB.
Cao Xin often shared pictures of his healthy lifestyle on social media, giving the impression of a fulfilling life.
His last message, dated January 28, talked about focusing on the Indonesian market overseas, mentioning many good investment opportunities. Several months ago, he suddenly posted a message expressing his lament: “Things in this world are impermanent: ‘No regrets about the past, no anxiety about the future. We only have this moment. The standard of living in the present is: If we were to die in the next moment, we would have no regrets.'”
According to a Chinese investment group, Cao Xin is believed to have been pursued due to borrowing high-interest loans and engaging in leveraged trading. However, some netizens in the group claimed that the failure in A-shares was one of the reasons, but the final straw was losing all the money through borrowing high-interest loans for investing in digital assets overseas. However, the authenticity of these statements cannot be confirmed.
In response to this, Tianli Capital stated, “Tianli Quantitative Private Equity Company is not involved in leveraged investments, as rumored on the internet. Since its establishment in 2016, Tianli has been engaged in primary market equity venture capital.” Although this statement clarifies that it is not related to Tianli Capital, it confirms the existence of rumors regarding foreign debt and leveraged trading. However, the specific projects that Cao Xin invested in cannot be known.
Cao Xin was hailed as the “Stock God” by netizens at the young age of 34. However, the drastic changes in the macro market and excessive leverage that led to despair and loss of life have become a warning that investors must face.
Dongqut reminds readers that investment carries risks. Please evaluate them carefully and do not blindly pursue returns. Assess the relevant risks cautiously to avoid both personal and financial losses.