On January 20, the Zhejiang Lishui Discipline Inspection Commission Supervision Commission released the news that Wang Jiajun, former deputy secretary of the party committee and general manager of Caitong Fund, was suspected of serious violations of discipline and laws and was currently undergoing disciplinary review by the discipline inspection and supervision team of the Zhejiang Provincial Discipline Inspection Commission and the Provincial Supervision Commission in Caitong Securities Co., Ltd. and the supervision and investigation of the Liandu District Supervision Commission.
Wang Jiajun, male, Han ethnicity, born in November 1978, university degree, member of the Communist Party of China. He once served as deputy general manager, executive deputy general manager, director, general manager, party committee member and deputy secretary of the party committee of Caitong Fund Management Co., Ltd.
Wang Jiajun joined Caitong Fund in 2011, officially assumed the position of general manager of Caitong Fund in 2016, and left in October 2021. Prior to that, he successively served as the marketing manager of the zunyi road sales department of Orient Securities, the general manager of the southern branch of Hui Tianfu Fund, the director of national channel sales and the general manager of east China branch, the deputy general manager and marketing director and executive deputy general manager of Caitong Fund.
Wind data shows that in the four full years that Wang Jiajun took the helm of Caitong Fund, the management scale of Caitong Fund rose from 21.531 billion yuan to 37.334 billion yuan, an increase of 73%, but the industry ranking dropped from 63 to 76.
Judging from the financial report data disclosed by Caitong Securities, a shareholder of the listed company, from 2017 to 2020, the net profit of Caitong Fund was 513 million yuan, 117 million yuan, 0.67 billion yuan and 127 million yuan, respectively. The latest data shows that its net profit in the first half of 2021 was 68.2381 million yuan, down 9% year-on-year.
Since its establishment ten years ago, the most impressive development of Caitong Fund is that it has been named "Dingzeng King". According to the data, since participating in the first fixed increase business in 2013, it has participated in the refinancing of nearly 800 listed companies through the private placement investment business, and has provided financing to listed companies by more than 200 billion yuan, ranking the forefront of the industry.
In an interview with Brokerage China on the occasion of his departure, Wang Jiajun once reflected on himself: First, "when the company has a high reputation and profit margins, he missed the opportunity to recruit outstanding talents." "The second is to miss the development opportunities of the fixed income business in 2018-2019, so that Caitong Fund has not been able to seize the opportunity." This is all because of their lack of forward-looking considerations, the failure to do a good job in the reserve layout of talents and business, and the consequences of excessive indulgence in their own advantageous business. ”
This article originated from Blue Whale Finance
![Wang Jiajun, the former general manager of Caitong Fund, was subject to review and investigation and left his post last year due to personal reasons[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)