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Why is the public so obsessed with the intern's "leak"?

2024-07-28

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Recently, an intern at CITIC Construction Investment Group became popular due to a short video he posted. Every year, there are tens of thousands of interns in various industries, but because the student studied sports at a 985 university, and his internship unit was a top domestic investment bank such as CITIC Construction Investment Group, one of the "Three Middle Schools and One Hua", and the video frequently showed details of high-consumption life such as luxury cars, watches, and golf, it quickly triggered public opinion. Various versions of speculation about the student's family background also began to flood WeChat groups of all sizes. The latest official response from CITIC Construction Investment Group is that his father is a non-public official and has never worked in a regulatory department. The student was introduced into the company's research and study department by the head of a team in the company's investment bank in violation of regulations. The company has dismissed the head and will hold the head of the investment bank department accountable.

Who didn't have some vanity when they were young? Moreover, the fact that this freshman athlete was able to do well in the investment bank right after joining shows that he has high emotional intelligence. However, this also indirectly proves that the professionalism required by the financial industry is indeed questionable, and perhaps it is really not worthy of the previous high salary. As we all know, internship opportunities are directly related to whether undergraduates, especially graduate students, can find a job and whether they can find a job they like. In recent years, internship opportunities at the headquarters of financial institutions have been in short supply, so much so that there are scalpers in the market who specialize in this kind of business and charge a lot of money. However, even so, there is still a threshold. For students majoring in finance at universities such as Peking University and Tsinghua University, investment banking opportunities in the "Three Middle Schools and One Hua" are usually not something they dare to hope for.

Moreover, internships are usually considered as part of the junior year or the second year of graduate school. This student is only a freshman with a heavy workload. Why should he be in a hurry to do an internship? And why would CICC accept a freshman for an internship? This was not clarified in CICC's subsequent rather blunt official response of "strengthening internal management and learning from one example to another." Even if we take a step back, can an outstanding freshman majoring in finance have this opportunity?

Of course, the most unjustly "shot in the crosshairs" are the three companies planning to go public involved in the student's short video. Sensitive information and business details such as project names, financial diagnosis reports, and bank confirmation letters are not difficult to be verified by interested parties, and may also be used by competitors. Some industry unwritten rules that were revealed in conjunction have also been dug out, which is shocking in the context of such strict supervision of sponsor intermediaries. However, CITIC Construction Investment's latest response is that the student's work notes and other information are routine due diligence records. After investigation, it was found that there is no situation of assisting in financial fraud. The company will accept supervision and inspection by regulatory authorities at any time to ensure that business operations comply with the law. Despite this, no one has ever told the interns that they cannot "leak" sensitive customer information, and the pictures sent out must at least be coded. This is undoubtedly unacceptable. If so, even if this intern does not cause trouble, there will be other interns who will poke holes later.

So the intern later complained to the media that the materials in the video were given to him by the company's regular employees in the name of learning materials, and he was not informed that they were confidential materials. "How could I, an intern, leak other people's secrets? They would not give me any secrets."

No matter what, the root cause is that he easily got an internship opportunity at a top investment bank like CITIC Construction Investment, which caused an uproar. The second is other suspected leaks. If it was just an ordinary student who passed the internship recruitment of a top investment bank with his excellent professional grades and took the bus and subway every day to go to the internship without intentionally causing such trouble, the public would not have been so obsessed with it.

By Cai Changqing