Who is Yang Zhen? The identity of the whistleblower was at the bottom: the original unit was the Zaozhuang Municipal Financial Office, who had been trained in the Inspection Bureau of the Securities Regulatory Commission, and was not a formal cadre of the CSRC

Financial Associated Press (Beijing, reporter Li Huimin) news, recently a self-proclaimed "former deputy director of the Inspection Bureau of the China Securities Regulatory Commission, named Yang Zhen" whistleblower real name report that The stock price of Meike Home is suspected of being manipulated.

The authenticity of the problems reported and the nature of the problems it is not known, and it is yet to be investigated by the regulatory authorities. However, the TITLE prefixed with Yang Zhen's name has aroused market attention because of its sensitivity.

The reporter of the Financial Associated Press collected and found that Yang Zhen was not a formal cadre of the CSRC, but only had the experience of hanging up his post in the Inspection Bureau of the CSRC, but returned to his original unit after the suspension in 2015, that is, the Zaozhuang Municipal Financial Office of Shandong Province (now the "Zaozhuang Local Financial Supervision Bureau"). After leaving his post to start a business, he currently serves as the legal representative of 12 enterprises, invests in 17 enterprises, and holds senior management positions in 19 enterprises.

Some analysts said that Yang Zhen is both a doctor, and has been a deputy department-level cadre of local government departments, or the actual controller of many enterprises, these identities are not mentioned, but only the "deputy director of the CSRC Inspection Bureau" as a formal TITLE, "touching porcelain" Intention is obvious. "Using such a method to make traffic in the capital market is not only not advanced, but also a poke will be broken." The person added.

As a cadre selected by Zaozhuang, he was sent to the Securities Regulatory Commission for training

The whistleblower, named Yang Zhen, reported that the "Xu Yafei team" was suspected of manipulating the stock price of listed company Meike Home and paying bribes to social security funds and insurance institutions to invite them to participate in the lock-up. Yang Zhen said that very clear evidence has been collected, but it is inconvenient to disclose it now due to the requirements of the CSRC and the Securities Law.

After the rumors appeared, the listed company Meike Home responded for the first time that "the content of the online article is purely subjective, our company has never participated in stock manipulation, and has never paid a margin to any institution or individual and provided inside information." The content fabricated by the relevant personnel with ulterior motives seriously infringes on the reputation of the company and shareholders."

At the same time, Meike Home furnishing said that it will take corresponding legal actions against individuals maliciously spreading false and defamatory information, confusing public opinions and misleading the market, so as to safeguard the reputation and legitimate rights and interests of the company and shareholders.

For the content of Yang Zhen's report, there is much discussion in the anecdote, and the truth is still subject to further investigation by the regulatory authorities. In fact, the market is more sensitive to the TITLE that Yang Zhenming previously crowned. So, who is Yang Zhen? Is the identity of the self-proclaimed "former deputy director of the CSRC's Inspection Bureau" true?

After the reporter of the Financial Associated Press learned about the insiders in many ways, he probably outlined Yang Zhen's personal development trajectory. Born in 1972, he has been a government official for 11 years from 2004 to 2015, and his department is related to economy and finance.

It is reported that after studying at the School of Finance and Finance of Chinese University in 2001 and obtaining his doctorate in 2004, Yang Zhen went to serve as deputy director of the Zaozhuang Economic and Trade Commission in Shandong Province that year, and two years later, he concurrently served as a member of the party committee of the Zaozhuang Municipal Economic and Trade Commission, and then later transferred to the Zaozhuang Municipal Financial Work Office as deputy director and member of the party group.

Yang Zhen intersected with the CSRC in 2013.

According to an informed source, in September of that year, Zaozhuang City sent civil servants to state ministries and commissions for training. Yang Zhen was sent to the CSRC's deputy director of the Coordination Department of the Inspection Bureau, usually to undertake some routine auxiliary work assigned, not the media reported that he claimed to be responsible for transferring major securities violation cases to the public security, two years later, in September 2015, Yang Zhen returned to his original unit after finishing his suspension exercise, and he was not a formal cadre of the CSRC.

The Zaozhuang Municipal Financial Supervision Bureau confirmed that Yang Zhen had previously served in the unit.

The so-called off-the-job training refers to the exchange method in which organs go to lower-level organs, higher-level organs, organs in other regions, and state-owned enterprises and public institutions to hold corresponding posts for training according to the needs of training and training civil servants. Civil servants who are suspended from their posts are also those who have been selected and assigned to the unit, occupy the establishment of the original unit, and after the expiration of the training period, they still return to the original unit to work or retain or promote.

"Judging from his resume, Yang Zhen has had multiple identities, not only as a doctor, but also as a deputy department-level cadre of local government departments, or as a legal representative and actual controller of many companies, why among the many identities, it is worth playing to simply show the 'deputy director of the Inspection Bureau of the Securities Regulatory Commission' as an official identity, and the intention of 'touching porcelain' is obvious." Some analysts believe that the first is to attract more social attention through sensitive identities; the second is to try to arouse higher regulatory attention through this move.

The above-mentioned person said that using such a method to earn traffic in the capital market for attention is not only not advanced, but also a poke will be broken.

After returning to the original unit after the end of the probationary exercise, he became the legal representative of the investment company

Indeed, after Leaving the government department, Yang Zhen has set up, invested in or served as an executive in a series of companies so far.

According to the inquiry information of Tianyancha, Yang Zhen currently serves as the legal representative of 12 enterprises, invests in 17 enterprises, and holds senior management positions in 19 enterprises, most of which involve investment, health, science and technology and enterprise management consulting business.

Combing through the enterprises related to Yang Zhen found that the earliest establishment was Beijing Forest Island Health Management Co., Ltd., which was established at the end of 2015, Yang Zhen held 100% of the equity with a registered capital of 50 million yuan; later, Beijing Ruide Antai Investment Management Co., Ltd. was established, Yang Zhen held 20% of the shares, and the registered capital was 30 million yuan.

From the perspective of time, the above-mentioned companies were established after Yang Zhen returned to his original unit after returning from the end of the CSRC's suspension exercise, that is to say, Yang Zhen should have resigned from the Zaozhuang Financial Office at that time. This is because, according to the relevant regulations, incumbent State civil servants are not allowed to engage in or participate in profit-making activities, and may not concurrently hold positions in enterprises or other for-profit organizations.

It is worth mentioning that from the end of July to the beginning of September 2019, 9 companies were intensively established in Dingzhou, Hebei Province, and Yang Zhen participated in the investment, of which 8 were operating in enterprise management and 1 was market research.

Among Yang Zhen's related companies, there are two investment-related companies, one is Beijing Ruide Antai Investment Company, and the other is Huakepuxin Investment Management (Beijing) Co., Ltd., which was established in September 2016 but was deregistered on March 26, 2021.