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Securities Times reporter Liu Yiwen

Another investment banker is under investigation. Recently, a Securities Times reporter learned from the industry that Wang Chen, assistant to the president of Guoyuan Securities in charge of investment banking business and former general manager of the investment banking headquarters, has been taken away for investigation. This matter has attracted attention in the industry.

In response, Guoyuan Securities responded yesterday afternoon (August 13) that Wang Chen, the former general manager of the company's investment banking headquarters, is cooperating with the relevant departments' investigation for personal reasons. At present, the company has made proper arrangements, and Li Zhoufeng, a member of the company's executive committee, is in charge of the company's investment banking business, serving as the person in charge of the company's sponsorship business and concurrently serving as the general manager of the investment banking headquarters. The company's various business operations and management are normal, and there are no matters that should be disclosed but have not been disclosed.

It is reported that Wang Chen was born in 1975 and worked in the Anhui International Trust and Investment Banking Department in his early years. In 2000, Anhui International Trust and Anhui Trust and Investment Company merged and reorganized to form Guoyuan Securities. Wang Chen then joined the investment banking department of Guoyuan Securities and has been working there for more than 20 years.

In April 2004, Wang Chen became one of the first 609 sponsors in China. According to information released by the China Securities Association, Wang Chen has sponsored information for 12 projects, including 9 IPO projects and 3 non-public offering projects. Specific IPO projects include Hengyuan Coal and Electricity, Baoxiniao, iFlytek, Anke Biotechnology, Wanxin Media, and Sijin Intelligence.

Previously, Guoyuan Securities was punished by the regulatory authorities. On March 1 this year, the Anhui Securities Regulatory Bureau issued a warning letter to Guoyuan Securities. The Anhui Securities Regulatory Bureau pointed out that Guoyuan Securities had insufficient management of honest business practices, failed to complete the equity cleanup of some direct investment projects within the promised period, had an incomplete business management system for issuing securities research reports, and failed to make emergency reports on information system failures in a timely manner. The Anhui Securities Regulatory Bureau required Guoyuan Securities to conduct internal accountability for relevant responsible personnel in accordance with the internal accountability system and submit written rectification and accountability reports.

Securities Times reporters noticed that in recent years, in addition to Wang Chen, there have been "unusual movements" among many investment bankers in the securities industry.

On July 31 this year, Haitong Securities announced that the company's board of directors had received the resignation report from Jiang Chengjun, who applied to resign from the position of deputy general manager of the company due to personal reasons. After his resignation, he will no longer hold any position in the company.

Public information shows that Jiang Chengjun was born in 1968, holds a master's degree in economics and is an economist. Jiang Chengjun joined Haitong Securities in 2000. From August 2000 to March 2023, Jiang Chengjun worked in the investment banking department and investment banking headquarters of Haitong Securities, successively serving as deputy general manager of the investment banking department, deputy general manager of the investment banking department (in charge of work), general manager of the investment banking department, and general manager of the investment banking headquarters; from March 2017 to June 2023, he served as assistant to the general manager of Haitong Securities, from April 2017 to July 2023, he served as joint company secretary and joint authorized representative of Haitong Securities, and from March 2017 to September 2023, he served as secretary of the company's board of directors.

In March 2023, the Integrity Shenzhen website reported that Luo Xianjin was under investigation. According to the report, Luo Xianjin, former general manager of the third business department of the investment banking division of Guosen Securities, is under disciplinary review and supervision investigation by the Shenzhen Municipal Commission for Discipline Inspection and Supervision for suspected serious violations of discipline and law. It is worth noting that Luo Xianjin had resigned from Guosen Securities in March 2015.

In November 2021, Du Xiongfei, former general manager of the debt financing headquarters and investment banking headquarters of Everbright Securities, was suspected of serious violations of discipline and law and was subject to disciplinary review by the Central Commission for Discipline Inspection and the National Supervisory Commission’s Discipline Inspection and Supervision Group of Everbright Group and supervisory investigation by the Daqing Municipal Supervisory Commission.