wumiancaijing.com
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"Chen Long of Zhongtai Securities was taken away for investigation in November, and the stock price of Xiaokang shares plummeted on December 23", and the news of Chen Long's arrest was once blocked, and its team of analysts later learned.
This article is reported by Wumiancaijing
Author: Huang Qixin
Editor: Chen Jian
Design: Lan Sheng
Intern: Huang Ting
Rumors of the former broker's chief manipulating stocks boiled over, and Xiaokang shares (6001127.SH) were involved.
On January 18, according to the announcement of Xiaokang shares, regarding the internet rumors on January 17, after verification, it was not aware of this matter and did not participate in relevant violations of laws and regulations. At the same time, the cooperation between Xiaokang and Huawei is normal. On the same day, the stock price of Xiaokang shares rose sharply, and the up-and-down board was sealed in the afternoon.
▲Screenshot of Xiaokang's share announcement.
On the evening of the 17th, it was reported that Chen Long, the former chief strategist of Zhongtai Securities, had a small gang of more than twenty people, who joined hands with floating funds and institutions to speculate on well-off shares, and was "locked up". In addition, because it is specially to receive floating funds chips and help tour funds to ship, the general manager of the quantitative department of public funds has also been investigated. It is rumored that the public fund manager is Jin Fangyi, general manager of the original quantitative department of Everbright Prudential.
Jin Fangyi abruptly left all products on November 10, 2021. But Kim Hadong-yi had spoken out that evening, saying that everything was normal in work and life.
Zhongtai Securities and Everbright Prudential replied to the media that the relevant personnel have been leaving the company for some time and are not aware of their personal circumstances.
Why do professional agencies want to help you ship floating funds?
After the rumors detonated, the news of Chen Long's arrest was quickly hammered.
According to the "Daily Economic News", before Chen Long, the former chief strategist of Zhongtai Securities, had a police officer go to the company's office to find him, and then resigned. It is reported that Chen Long resigned on November 15, 2021.
However, according to the interface report, some insiders revealed that the news of Chen Long's arrest was once blocked, and the people in his group were not aware of it before, "Later, their team analysts learned that the chief could not come back." In January 2022, the news of Chen Long's arrest began to ferment in the industry. ”
According to the latest information from the Securities Association of China, Chen Long has registered his resignation at the China Securities Association on November 15, 2021. According to the data, Chen Long graduated from Peking University with a master's degree in economics and a bachelor's degree in management. He has 9 years of experience in the securities industry, and has worked as a macro strategy analyst, senior strategic analyst and fund manager in Dentons Fund Management Co., Ltd. and BOCOM Schroder Fund Management Co., Ltd., and joined Zhongtai Securities Co., Ltd. in March 2019.
▲The picture is taken from the website of the Securities Association of China.
In addition, a number of media also learned from relevant sources that Chen Long has indeed been arrested or suspected of manipulating securities and insider trading. A user of the investment trading platform said: "Zhongtai may be a character like Ye Fei, and there are other people (involved).
Last year, the private equity big V Ye Fei tore up the "pseudo-market value management", named a number of listed companies and securities companies to participate in the so-called "market value management", implemented the "sitting", and even some funds were "black and black" into "takeover man", unveiling the black curtain of the stock prices of dozens of listed companies being manipulated. More than four months after Ye Fei broke the news, he himself was arrested for suspected market manipulation.
However, according to the rumors of speculation on Huawei's car-making concept stocks, the general manager of the quantitative department of the public fund is specially receiving floating capital chips and helping you ship. As professional investment institutions, why are they willing to help the "bookmakers" of floating funds take over?
Previously, the interface "from the bottom of the A-share sitting on the black industrial chain" article has reported that some insiders said that whether it is public offering, private placement, or securities company asset management, most of the operation is the investor's money, that is to say, after helping the market maker take over, even if a loss occurs, it is also the loss of the investor. If once you cooperate with the market maker, the stock price is really pulled up, and the net value of the product can be done, and fame and fortune can be doubled.
More importantly, by helping the "bookmaker" take over, these insiders can get "paid" privately.
Now, the regulatory authorities' crackdown on stock market manipulation is becoming more and more in-depth, and the scope of punishment has expanded from the past main punishment of traders and listed companies to brokers, "black mouths" and other peripheral operators. For example, Ma Xingtian, the former chairman of Kangmei Pharmaceutical, was sentenced to 12 years in prison and fined 1.2 million yuan for the crime of manipulating the securities market. Wu Chengze, the largest black-mouthed A-share, was sentenced to 19 years and so on.
In the incident of manipulating and speculating on Huawei's car-making concept stocks, will these former elites in the financial industry involve criminal liability?
In this regard, Zhang Te, a lawyer at Beijing Longan Law Firm, said, "According to rumors, Chen Long may be suspected of insider trading, market manipulation, etc., and if the situation is true, he may violate articles 181 and 182 of the Criminal Law, one is the crime of insider trading, and the other is the crime of market manipulation." ”
According to public information, article 182 of the Criminal Law is the crime of manipulating securities and futures markets, and his criminal responsibility for committing this crime shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined or fined alone;
Lawyer Zhang Te added: "However, it is also based on its specific methods and the investigation of the investigative organs, and the decision of the competent organs shall prevail." ”
Can Xiaokang shares be cleared?
"Chen Long of Zhongtai Securities was taken away in November to investigate, xiaokang shares on December 23 the stock price plummeted, perhaps the news circulated between large funds, and retail investors only today to learn this news, the time difference in the middle, nearly a month." Snowball user reviews said.
According to Gelong report, Xiaokang shares themselves are relatively ordinary, the main positioning is traditional car companies, at the end of last year announced to enter the field of new energy vehicles, by the market funds warmly sought after. This year, Xiaokang shares hitched a ride on Huawei's express train, and on January 25, the company announced that it had reached a cooperation with Huawei on promoting new energy vehicles.
As a Huawei car concept stock, Xiaokang shares rose 5 times in the first half of 2021, soaring from 13 yuan in February to 83.83 yuan, once among the 100 billion market value club, full of "demon".
For the matter of being manipulated by the stock price, Xiaokang shares quickly clarified, in this regard, Snowball users said: "Objective translation: "(I was) hyped up, I did not know and did not participate." ”
In fact, as early as before holding hands with Huawei, there were articles reporting that Xiaokang shares relied on subsidies to cover up three consecutive losses, which can be called a master of capital operation.
According to the WeChat public account "Poetry and Starry Sky" news, Xiaokang shares since 2018, deducting non-net profit losses for consecutive years, relying on government subsidies and selling equity to barely maintain a positive net profit. By 2020, the net profit of Xiaokang shares will directly plunge, with a huge loss of 2.234 billion yuan.
In the case of the company's large loans, the article "Poetry and Starry Sky" said that Xiaokang shares bought companies such as Luzhou Rongda and Dongfeng Xiaokang at a high premium of 640 million yuan and 3.85 billion yuan respectively, and there may be benefit transmission.
And let's take a look at the stock price chart of Xiaokang shares in the past two years (picture from the interface):
Look at the individual stocks exposed by Ye Fei in the frank (603966. SH) (image from interface):
We can't say exactly the same!
According to the inductive analysis of interface news, one of the "classic" gameplay of Zhuang Stocks - "one drum style" is like this.
According to interface news reports, the so-called "one drum" refers to the fact that the bookmaker chooses to pull up the stock price of the listed company in one breath and attract funds to take over the order to achieve the purpose of smooth shipment.
In this case, the market maker is generally stronger, and the advantage is that the stock price rises rapidly, which can attract the attention of a large number of investors in the short term and attract the follow-up market.
However, after a breath of high, the dealer may not be able to complete the shipment as desired. If it fails to ship successfully, the market maker will generally continue to maintain the listed company's stock price sideways near the high level, and then choose the opportunity to ship.
Who will take over in the end? Not yet retail.
Nearly twenty years ago, Wu Jinglian once angrily denounced the black market in the stock market. "China's stock market has been very irregular from the start," he said. As foreigners say: China's stock market is a lot like a casino, and it's very unregulated. There are also rules in the casino, such as you can't look at other people's cards. In our stock market, some people can read other people's cards, can cheat, and can engage in fraud. Making a deal, speculating and manipulating stock prices can be said to be the pinnacle of perfection. ”
Twenty years later, although the situation in Heizhuang has greatly improved, the sickle of the "bookmaker" still exists, and the cut-off households have changed stubble after stubble.
Zhongtai Securities is also in an eventful autumn
In stark contrast to the rise and fall of Xiaokang shares, Zhongtai Securities opened on January 18 and fell, and by the close, the stock price had fallen by 2.94%.
On the evening of the 17th, Shanxi Securities issued an announcement that on January 13, 2022, zhongde Securities, a holding subsidiary, received a civil complaint served by the Beijing Financial Court, and the cause of the case was a dispute over securities misrepresentation liability. Shanghai Junying Asset Management Partnership (Limited Partnership) and 2,000 other plaintiffs filed a civil lawsuit with the Beijing Financial Court against 21 defendants including LeTV, demanding that LeTV compensate for investment losses totaling RMB4,571,357,198 caused by its misrepresentation, and requiring the other 20 defendants to bear joint and several liability for compensation.
Relevant information shows that in addition to LeTV, the defendants also have 14 natural persons such as Jia Yueting, 3 securities companies such as Zhongde Securities and Zhongtai Securities, and 3 accounting firms.
Zhongtai Securities said that the company is one of the co-lead underwriters of LeTV's non-public issuance of shares in 2016, and is not a sponsoring institution. As the above case has not yet been heard, there is uncertainty about the amount of money involved in the final case, and the Company cannot judge the impact on the profit of the current period or the profit after the period.
In addition, on January 6, the screenshot of "an analyst of a securities company posted a payroll on the Little Red Book" in the media circle exploded. The protagonist involved in the rumor is also a non-bank analyst at Zhongtai Securities.
The screenshot of the payroll shows that as of November last year, the income exceeded 2.24 million yuan and the tax declaration amount reached 620,000 yuan. Subsequently, Lu Yunting, a non-bank analyst at Zhongtai Securities, sent a circle of friends saying: "Today, when I encounter a big speechless event, I still have to come out and say: there is no Small Red Book account, and someone has moved flowers and elderly trees to spread again." ”
Although Lu Yunting herself carried out the rumors, it was difficult to convince the melon-eating masses. After all, the screenshots contain photos of his own life, as well as salary payment information with the words of a brokerage firm.
After the Xiaohongshu show of wages incident attracted attention, a securities company set up a department employee "social code of conduct" to brush the screen.
The guidelines require that department employees are not allowed to drive luxury cars (more than 1 million), wear high-end watches (more than 150,000), and use high-end bags (more than 50,000) at work. It is mentioned that "department employees must pay attention to words and deeds, do not allow a sense of superiority due to family background and other non-factors, and be a good professional banker."
According to official data, as of the end of 2020, Zhongtai Securities had total assets of 174.5 billion yuan and net assets of 34.4 billion yuan. The official website also said that 2021 is the beginning of the company's "14th Five-Year Plan" and the beginning of the second entrepreneurship.
(Part of the content of this article is integrated by The Crown Financial Integration Interface, Financial Associated Press, Daily Economic News, WeChat public account "Poetry and Starry Sky", etc.)