On January 17, there were rumors in the market that Chen Long, former chief strategist of Zhongtai Securities Research Institute, and Jin Fangyi, former quantitative director of a public fund, were both arrested or suspected of manipulating securities and insider trading.
In this regard, Jin Fangyi exclusively responded to the Chinese reporter of the securities company, saying: "My work and life are normal, thank you for your concern." ”
Zhongtai Securities responded that Chen Long had left the company on November 12 last year, and the company was not aware of the information related to Chen Long on the Internet. According to the website of the China Securities Association, Chen Long, the former chief strategist of the Zhongtai Securities Research Institute, has been deregistered from Zhongtai Securities on November 15, 2021, and has not worked for any securities company since then.
However, brokerage Chinese reporters learned from people close to the Zhongtai Securities Research Institute that Chen Long had disappeared at the end of last year or had been in the case before leaving his post.
Chen Long, the former chief strategist of Zhongtai Securities, was arrested
On the 17th, there were rumors that Chen Long, the former chief strategist of Zhongtai Securities Research Institute, was "suspected of insider trading and has been locked up." At the same time, the news said that more than 20 small groups involved in the incident were arrested, in addition to Chen Long, there were two Huawei employees, as well as the general manager of the quantitative department of a public fund were also investigated.
In response to the rumors that former employee Chen Long was arrested, Zhongtai Securities responded: 1. Chen Long had left the company on November 12 last year; 2. The company was unaware of the information related to Chen Long on the Internet.
A Chinese reporter from a securities firm inquired about the information on the official website of the China Securities Association and found that Chen Long resigned from Zhongtai Securities on November 15, 2021 and did not work in any securities company since then.
According to the data, Chen Long graduated from Peking University with a master's degree in economics and a bachelor's degree in management. With 9 years of experience in the securities industry, he has worked as a macro strategy analyst, senior strategist and fund manager at Dentons Fund Management Co., Ltd. and BOCOM Schroder Fund Management Co., Ltd. before joining Zhongtai Securities Co., Ltd. in March 2019.
However, the Chinese reporter of the securities company learned that according to sources close to the Zhongtai Securities Research Institute, Chen Long resigned in mid-November last year, but before that, the case may have occurred. It is reported that at that time, Chen Long had been missing for a period of time, and many customers and colleagues of the institute could not contact Chen Long himself. As for the reason for the loss, according to people familiar with the matter, it was related to insider trading of a listed company with Huawei's car concept.
Jin Fangyi's exclusive response: My work and life are normal
In the news circulating on the Internet, a fund investment researcher was also injured by mistake, and Jin Fangyi, the former quantitative director of a public fund, was also in the vortex of rumors.
On the evening of January 17, Jin Fangyi himself responded exclusively to the Chinese reporter of the securities company, saying, "At present, my work and life are normal, thank you for your concern." ”
Subsequently, Jin Fangyi also said in the circle of friends, "The Internet is absolutely illegal outside the place, and rumors are legally responsible." ”
Brokerage China reporter noted that for the well-off shares of the listed company involved in the rumor, it rose 3.8 times in the first half of last year, while the stock price fell all the way from the end of last year, falling by 38%.
Brokerage analysts have been arrested, and the well-off shares suspected of insider trading have also become the focus of everyone's attention. The shareholders are also frying pans!
Xiaokang shares show that many shareholders are indignant, some people said: "If this news is true, who is responsible for the hard-earned money of tens of thousands of well-off shareholders?" Heaven forbid! ”
Some people pessimistically said, "Xiaokang is estimated to be a word board of falling stops." There are also shareholders who are schadenfreude: "Sitting on the zhuang xiaokang, no wonder last year the well-off soared, haha, was caught." Some people even shouted at listed companies in the air: "Can Xiaokang shares issue a clarification announcement?" ”
"Zero tolerance" for securities violations such as insider trading
Coincidentally, in September last year, Cai Junyi, assistant director and chief market analyst of the Shanghai Securities Research Institute, was taken away by the public security organs. Shanghai Securities internally characterized the Cai Junyi incident and reported the whole company, and Cai Junyi was also dismissed from the post of assistant director.
Shanghai Securities responded to the outside world at that time that the company learned about Cai Junyi from relevant channels, and the relevant departments were investigating and handling it, and we paid close attention to and actively cooperated with the relevant departments to investigate it. According to our preliminary communication with the relevant departments, Cai Junyi's behavior is his personal behavior and has nothing to do with the company.
On the regulatory front, the requirement of "zero tolerance" for securities violations such as insider trading has been continuously implemented.
At the beginning of July 2021, the General Office of the CPC Central Committee and the General Office of the State Council issued the Opinions on Strictly Cracking Down on Illegal Securities Activities in Accordance with the Law, and issued a notice requiring all regions and departments to conscientiously implement them in light of reality.
It is mentioned that the overall requirements for strictly cracking down on illegal securities activities in accordance with the law include: adhering to the requirement of zero tolerance, adhering to the principle of rule of law, adhering to overall planning and coordination, and adhering to bottom-line thinking.
In terms of main objectives, by 2022, important progress has been made in the construction of the legal liability system for illegal crimes in the capital market, the law enforcement judicial system and coordination and cooperation mechanism for strictly cracking down on securities illegal activities in accordance with the law have been initially established, the cost of securities violations and crimes has been significantly increased, the frequent occurrence of major illegal and criminal cases has been effectively curbed, the channels for investor rights relief have been more smooth, and the order of the capital market has been significantly improved. By 2025, the legal system of the capital market will be more scientific and complete, the judicial system of securities law enforcement with Chinese characteristics will be more sound, the judicial transparency, standardization and credibility of securities law enforcement will be significantly improved, the connection between administrative law enforcement and criminal justice will be efficient and smooth, and the good capital market ecology of respecting law and trustworthiness, standardizing and transparency, and being open and inclusive will be fully formed.
At the 2022 system work conference held by the China Securities Regulatory Commission yesterday, Yi Huiman, secretary of the party committee and chairman of the CSRC, also stressed when deploying the work in 2022 that it is necessary to give full play to the role of mechanisms such as the coordination working group for cracking down on illegal activities in the capital market, strengthen the linkage between executions, and further enhance the deterrence of law enforcement.
Manipulating the market and insider trading seriously disrupts the order of market transactions, seriously interferes with the function of the market, and seriously infringes upon the legitimate rights and interests of investors, which is a "stubborn disease" affecting the healthy development of the securities market, and has always been the focus of the CSRC's inspection and law enforcement.
It is reported that since 2020, the CSRC has investigated and handled a number of typical cases of key types and important fields from a heavy and expeditious manner. Administrative penalties have been imposed on cases such as financial fraud on LeTV. Violations of laws and regulations in the disclosure of bond information such as Brilliance Bonds and Yongmei Bonds have been investigated and punished. The first securities dispute special representative lawsuit , Kangmei Pharmaceutical Securities Misrepresentation Liability Dispute Case , has been initiated. Kangde Xin has completed delisting and delisting.
Editor-in-charge: Tactical Constant
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