The China Securities Regulatory Commission filed a case to investigate the 80-year-old chairman

Text | Li Delin

80-year-old Li Guojie received a notice from the China Securities Regulatory Commission (CSRC) that the CSRC decided to investigate him on suspicion of short-term trading of Sugon stocks. Li Guojie was confused, he was the chairman of Sugon, and he didn't know about the short-term trading of shares of listed companies? Sugon's previous announcement said that his wife had traded and had traded 154 million yuan. A phenomenon that is more worthy of attention, the elderly engage in short-term trading not only Li Guojie's wife, but also many old ladies who let their sons take the blame. What should I do if the elderly frequently violate the rules and speculate in stocks?

Li Guojie has three eye-catching identities: a researcher at the Institute of Computing Technology of the Chinese Academy of Sciences, an academician of the Chinese Academy of Engineering, and the chairman of a listed company, and was hired as the director of the National Intelligent Computer Research and Development Center as early as 1990. Li Guojie is 80 years old. Mrs. Li bought Sugon from March 3, 2023, and by March 14, 2024, she had bought 141 shares, totaling 3,343,300 shares, with a cumulative turnover of 154 million yuan, and sold 91 transactions with a turnover of 154 million yuan.

Mrs. Li currently holds 700 shares of Sugon, and in a year's trading, after deducting transaction commissions, stamp duty and other taxes, Mrs. Li made a profit of 589,800 yuan. Now that the CSRC has filed a case for investigation, according to the rules, the money earned by Mrs. Li will be handed over to Sugon. But the crux of the matter is that Li Guojie, as the chairman of the board of directors of a listed company, and his wife has been conducting short-term trading for a year, does Li Guojie really not know? Li Guojie said that he really does not know, but he is deeply sorry for his wife's behavior.

Short-term trading is easy to conjure up images of insider information. During Mrs. Li's trading, Sugon's share price rose by 54.03%, which can be described as a brilliant performance. Li Guojie said that he did not know that his wife had opened a securities account, that he did not consult his own opinions during the transaction, that there was no insider information trading, and that he had made investment behaviors independently based on personal judgment based on public information, and that his wife failed to correctly understand the relevant laws and regulations on short-term trading, and that there was no subjective intentional violation.

Now the China Securities Regulatory Commission has opened a case for investigation against Li Guojie. It is worth noting that Li Guojie, as the chairman of Sugon, has no shares in listed companies and an annual salary of 240,000. The general manager has an annual salary of 5 million and holds 42.13 million shares, making him the third largest shareholder. Li Guojie's board of directors at Sugon is less controlling, more like a symbolic academic leader. Sugon publicly explained that the chairman's wife is old, in poor physical condition, and her children are not around, so she takes stock speculation as her personal life preference.

Mrs. Li was lucky to speculate in stocks, after all, he made money. Wang Xiangrong, chairman of Leo, and Wang Zhuangli, vice chairman of Leo, respectively received a notice of filing from the CSRC. Why, the wife of the two bosses paid 1.23 million yuan to buy their own stocks, and after two months, all of them were polished, not only did the mother not make any money, but also lost 120,000 yuan, and let the two sons be investigated by the Securities Regulatory Commission. Mrs. Wang's transaction took place from March 22 to May 30, 2023, and the brothers received a warning letter from the Zhejiang Securities Regulatory Bureau in August.

The Wang brothers may still be confused, because they have been warned by the regulator in 2023, why are they being filed by the Securities Regulatory Commission now? On March 21, 2023, Leo received a survey from 11 institutions, and the company focused on the AI business, including the layout of AIGC, and from March 13 to 22, the stock price rose by nearly 30% in eight trading days. Mrs. Wang bought 4 transactions on March 22 and 24, and sold all of them on May 30, with a loss of 123,500 yuan.

Is it a coincidence? Or did Mrs. Wang make an independent judgment? The Wang brothers said that they did not know that the old lady bought the stock and did not disclose the company's operating information or give investment advice to the old lady, but that it was all an independent investment behavior made by the old lady herself based on the judgment of the secondary market. Of course, Mrs. Wang did not make any money, which may give people the impression that she did not get the inside information of her two sons, otherwise how could she still lose money? After the regulatory warning letter, she was investigated again, and I believe that the supervision will give the truth.

Coincidentally, Shi Zheng, the director of Guangliwei, also encountered the problem of his wife quietly speculating in stocks. Shi Zheng, 57 years old, retired after working for more than two years, and suddenly found that his wife had quietly bought shares of Guangliwei. Mrs. Shi is a little better than Mrs. Wang's skills, and she earns 4,200 yuan a month. Like Mrs. Li and Mrs. Wang, Shi Zheng said that the old lady did not ask herself when she bought stocks, and it was all based on the independent judgment made by the secondary market. The old ladies are really powerful, and when they retire and have nothing to do at home, they will speculate on the stocks of companies where their husbands and sons hold important positions.

A very interesting phenomenon, since 2024, there have been 36 listed companies that have exploded their short-term trading behavior, are they really like these three old ladies, after retirement, their wives and children are very busy, and they have nothing to do, so they open a stock account to speculate in stocks, the key is that they did not buy other stocks, and these stocks also appeared to varying degrees of good during the trading of the old ladies, or the stock price rose, most of the old ladies have made profits from stock speculation according to their own judgment.

Is there such a coincidence in the world?

Do you believe it? The board secretaries of listed companies may say, whether you believe it or not, I believe it anyway. Now that the children are very busy, the parents have become empty nesters, and stock speculation has become a pastime, and there are constantly elderly people speculating in stocks related to their husbands or sons, and they may believe in "their own" companies more. It is believed that with the investigation of the Securities Regulatory Commission, the truth about the stock speculation level of the old ladies will be revealed. The board secretaries of the relevant listed companies should be condemned, and their lack of publicity on the laws and regulations of the executives' families has led to one illegal transaction after another. In the face of the old ladies' illegal stock speculation, perhaps, the common people will say, it is really eight lifetimes of old vinegar, I can't tell.