news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

the website of the china securities regulatory commission disclosed that as an insider of the major asset restructuring of xingxing technology, zhao yuanjun, then an investment bank employee of everbright securities, bought 11.4122 million yuan of xingxing technology in advance, but ultimately lost 5.3258 million yuan. the china securities regulatory commission imposed a total fine of 4.6 million yuan on zhao yuanjun in accordance with the law, and also banned him from the securities market for 10 years.

public information shows that zhao yuanjun was born in 1971 and once served as general manager of the investment banking headquarters of everbright securities.

screenshot from the csrc official website

the administrative penalty decision disclosed by the csrc shows that on february 17, 2020, kang from everbright securities designed a major asset restructuring plan based on the situation of xingxing technology and financing rules. on february 19, 2020, kang reported the situation of this major asset restructuring project to zhao yuanjun. zhao yuanjun reported the relevant matters to the relevant person in charge of everbright securities and instructed kang to conduct a feasibility analysis of the restructuring project. on february 20, 2020, kang sent a relevant analysis report to zhao yuanjun. on february 22, 2020, zhao yuanjun participated in a video meeting with xingxing technology on the project.

zhao yuanjun then quietly bought in, using the securities account of "zhao moujiang" to buy a total of about 1.6 million shares of xingxing technology on february 25 and 28, 2020, with a transaction amount of about 11.41 million yuan. on august 18 and 19, 2021, zhao yuanjun sold all his shares, with a transaction amount of about 6.1 million yuan. after calculation, the above transaction loss was 5.3259 million yuan, a loss of about 46.7%.

in response, everbright securities said that the company firmly supports the csrc's decision to impose administrative penalties on former employees of the company. the company will strictly follow the provisions of the company's accountability system, strictly hold the responsible persons accountable, and learn from past mistakes to further conduct comprehensive self-examination and rectification. everbright securities said that in recent years, the company has strictly implemented the securities law and related regulatory requirements, continued to strengthen the control of practitioners' professional behavior, and formed a supervisory force from compliance, internal audit, discipline inspection and other lines. through information reporting management, transaction behavior monitoring and verification, accountability for violations, and strengthening warning case education, a comprehensive control mechanism has been formed. the company adheres to the principle of "zero tolerance" for employees' illegal and irregular professional behavior, and establishes an accountability system to strengthen accountability. everbright securities emphasized that in the next step, the company will continue to improve the long-term control mechanism and use strict measures to promote the comprehensive formation of a strict atmosphere.