Another private equity rat warehouse: nearly 500 million transactions lost 3.1 million, claiming to be a Nobel Prize winner

　　The private equity manager who studied under the Nobel Prize in Economics and learned "Chinese and Western knowledge, Bogutongtongjin" actually lost money as a "rat warehouse".

　　An administrative penalty decision updated by the China Securities Regulatory Commission on May 6 shows that the Shanghai Securities Regulatory Commission was the controlling shareholder, legal representative and executive director of Shanghai Tianyi Investment Management Co., Ltd. (hereinafter referred to as "Tianyi Investment"). The conduct of information trading stocks was investigated and heard.

　　This SFC Administrative Penalty Decision shows that the ordinary and credit accounts of Shanghai Tianyi Investment's controlling shareholder, legal representative, and executive director Du Jingtao, and Tianyi Investment's Tianyi No. 1 Fund and CICC's income swap business The convergence transactions of ordinary securities accounts of Tianyi No. 1 Fund totaled 495 million yuan.

　　According to statistics, from September 7, 2015 to August 6, 2019, Tianyi No. 1 Fund and CICC's income swap business traded 32 stocks. During this period, the "Du Jingtao" credit account bought 23 identical stocks before, simultaneously with or later than Tianyi No. 1 Fund and CICC, and the transaction value of the convergence transaction was 187,073,200 yuan.

　　From August 11, 2015 to August 6, 2019, the "Du Jingtao" ordinary account and credit account bought 83 shares of the same stock before, simultaneously with or later than the ordinary securities account of Tianyi No. 1 Fund, and the transaction amount of convergence RMB 30844.91 million.

　　The penalty decision shows that the source of funds for the "Du Jingtao" account is Du Jingtao and his spouse Dai Moujing's own funds. Du Jingtao stated in the investigation transcript that the transaction of the "Du Jingtao" account was decided and ordered by his own, and his brother Du Mou Si is responsible for the implementation, and the operation location is at the location of Tianyi Investment Office. According to the filing information of China Securities Investment Fund Industry Association, Du Mousi is the person in charge of compliance risk control and information disclosure of Tianyi Investment.

　　According to the calculations of the Shanghai Stock Exchange and Shenzhen Stock Exchange, the “Du Jingtao” ordinary and credit accounts and Tianyi No. 1 Fund and CICC ’s income swap business, and the Tianhui No. 1 Fund ’s common securities account have a total loss of 310.35. Ten thousand yuan.

　　The 48-year-old Du Jingtao established Tianyi Investment in March 2015. On June 11, 2015, Tianyi Investment was registered as a private equity fund manager at the China Securities Investment Fund Industry Association. Du Jingtao was a controlling shareholder, legal representative and executive director. . On August 31, 2015, the company filed a private equity fund product named "Tianyi No. 1 Private Equity Investment Fund" with the Fund Industry Association. Du Jingtao was the investment manager of the fund product.

　　According to Tianyi Investment's website, Du Jingtao holds a Bachelor of Engineering in Materials Science from Tongji University in Shanghai, a Master of Economics in the Department of World Economics at Shanghai University of Finance and Economics, an MBA in Business Administration from the University of Chicago Business School, and has studied under Richard Nobel Economics Master. Mr. Sale and Mr. Eugene Fama, both Chinese and Western, Bogutongtongjin.

　　According to the above website, Du Jingtao has worked in investment banking, venture capital, Internet entrepreneurship, etc .; he has worked in China International Capital Corporation as an institutional sales agent for nearly ten years; he first started investing in A shares in 1996, and has been involved in Hong Kong stocks and U.S. stocks. A variety of financial investment varieties in multiple financial markets such as warrants and futures; in the A-share market, it has created a rate of return of nearly 60 times within two years.

　　According to the introduction, Du Jingtao also combined his learning, work, investment and other life experiences, as well as multiple investment factors such as value, growth, reversal, quantification, event-driven, theme investment, comprehensive effective market theory, behavioral finance, fundamentals and technology Analysis and other financial theories and practices have created unique value trend investment and trading concepts; and are good at large-scale asset allocation.

　　The CSRC stated that Du Jingtao ’s actions violated the provisions of Article 23 (5) of the “Interim Measures for the Supervision and Administration of Private Equity Investment Funds” (hereinafter referred to as the “Private Equity Management Measures”) and constituted the 120th of the Fund Law The practitioners mentioned in the first paragraph of Article 3 use undisclosed information to engage in illegal trading activities. Based on the facts, nature, circumstances and social hazards of the parties ’illegal acts, and in accordance with the provisions of the first paragraph of Article 123 of the Fund Law, I will decide to order Du Jingtao to make corrections and impose a fine of RMB 500,000.

　　Surging News Reporter Sun Mingwei