Chinanews client, Beijing, May 18 (Reporter Xie Yiguan) Has the blockbuster of "black eating black" extended to the A-share market?
Recently, Ye Fei, a well-known private equity funder, named a number of listed companies and brokerages to participate in the so-called "market value management" and implemented "settlement". Some funds were even "blacked" and turned into "receivers", triggering an "earthquake" in the financial circle.
Uneven distribution of spoils? "Private Equity Big Brother" broke the news in anger
Public information shows that Ye Fei entered the capital market in 1994, entered private equity investment in 2003, and founded Huaibei Yitian Investment Co., Ltd. in 2010.
In 2015, its "Yitian Yali No. 3" was awarded the semi-annual champion of the National Sunshine Private Equity.
In the same year, Ye Fei was confiscated by the Securities Regulatory Commission of 6.638 million yuan of illegal gains for manipulating the stock prices of many companies, and fined 19.91 million yuan.
Why did Ye Fei not hesitate to burn the jade and stone, single-handedly singled out the major "bookmakers", and brought the gray interest chain of "market value management" in the capital market to the spotlight?
Ye Fei provided the "script" through his personal Weibo account.
On May 9, Ye Fei released a Weibo stating that in March this year, the trader Pu Feidi entrusted by Zhongyuan Home Furnishing Co., Ltd. found him through an intermediary. The two parties agreed that Ye Fei would help Panfang contact downstream public offering funds and brokerage managers. Funds are managed by market value, and it is agreed that public offering and brokerage asset management will buy Zhongyuan Home Furnishing stocks on March 31, lock the position as agreed, and provide a guarantee deposit, and plan to increase the stock by more than 30%.
However, the subsequent company's stock continued to fall. Pu Feidi not only did not lock the position, but also directly shipped them to them, and refused to pay the guarantee deposit, resulting in losses of several million in public offerings and brokerage asset management.
Screenshot from Ye Fei's Weibo.
After naming Zhongyuan Home Furnishing, Ye Fei did not stop breaking the news.
On May 14th, he announced on Weibo, "After reading the materials, he plans to reveal 18 listed companies, only a lot more! One week!"
Screenshot from Ye Fei's Weibo.
On May 15th, Ye Fei clicked on the live broadcast including Zhongying Internet (*ST Zhongying), Huayu Mining (ST Huayu), Visionox, Haozhi Electromechanical, Oriental Fashion and Longji Machinery, etc. Listed companies, these companies are also called "Ye Fei concept stocks" by shareholders.
In addition, in Ye Fei's report, securities firms such as Shenwan Hongyuan Securities, Minsheng Securities, Hengtai Securities, and Tianfeng Securities were named to participate in the so-called "market value management" incident.
File an investigation! SFC and exchanges intervene
Ye Fei's revelations on the Internet quickly attracted the attention of the regulatory authorities.
On May 14, a spokesperson for the China Securities Regulatory Commission stated that the Shanghai Stock Exchange would start investigating related accounts on May 13, and issued a "Supervisory Work Letter" to the company in the afternoon of the same day, requesting the company to conduct a self-inspection and truthfully disclose the relevant information.
The agency dispatched by the China Securities Regulatory Commission has interviewed the company and related parties and initiated the verification process.
A review shows that on May 13th and 14th, Zhongyuan Home Furnishing and Oriental Fashion successively received supervisory work letters from the Shanghai Stock Exchange.
On May 14, Haozhi Machinery, Longji Machinery, Visionox and others received a letter of concern from the Shenzhen Stock Exchange.
On May 16, the China Securities Regulatory Commission announced again that in response to recent media reports that related parties were suspected of conspiring to commit illegal acts and other issues, based on the exchange’s inspections, the China Securities Regulatory Commission decided to manipulate the stock prices of Litong Electronics, Zhongyuan Home Furnishing and other related accounts. File an investigation.
The screenshot is from the official website of the China Securities Regulatory Commission.
"The progress of the investigation and handling of relevant cases will be announced in a timely manner." The China Securities Regulatory Commission said, "All parties in the market, especially those who understand the situation and possess evidence, are welcome to report clues to major violations of securities and futures crimes through regular channels, so as to jointly maintain a good order in the capital market. ."
The companies involved have denied it, and Ye Fei replied: playing word games
On May 13, Zhongyuan Home Furnishing responded that since its listing, the company’s controlling shareholders, actual controllers, company directors, supervisors, and senior managers have not directly or through a third party to verbally or in writing entrust the relevant parties to purchase the company’s stocks. , To carry out "market value management", and did not contact or know Pu Feidi, Weibo big V "Ye Fei Private Equity Champion Zhishuo".
Zhongyuan Home Furnishing Secretary Zhang Yun publicly stated that the company does not have any business dealings with Ye Fei and did not participate in any market value management activities. This matter has been filed with the Zhejiang Securities Regulatory Bureau and the Shanghai Stock Exchange.
However, Ye Fei later "commented" Zhang Yun's speech and said, "We all communicate through middlemen. If we communicate directly, it means we trust enough. Will we report you?"
The screenshots are from the announcement of Zhongyuan Home Furnishing.
On May 14, Oriental Fashion also denied carrying out "market value management", saying that it had not contacted "Ye Fei" and its "Huaibei Yitian Investment Co., Ltd.", and checked the data from January to December 2020 and January to May 2021. In each period of the register of shareholders, "Ye Fei" and "Huaibei Yitian Investment Co., Ltd." did not hold the company's stock.
Regarding what Ye Fei called "the next Hengtai Securities asset management manager Guan Xuan participates in the market value management of the city's Xiangjiang."
On May 17, Chengdi Xiangjiang issued an announcement stating that it had not had any contact with Guan Xuan, asset management manager of Hengtai Securities, and Weibo big V "Ye Fei Private Equity Champion Zhishuo".
On the same day, Hengtai Securities stated that Guan Xuan had resigned from Hengtai Securities on March 5, and the operation of Zhongyuan Home Furnishing occurred in mid-to-late March. Since the media mentioned his involvement in Zhongyuan Home Furnishing matters, Hengtai Securities did not know The situation, the company has nothing to do with this.
Minsheng Securities also stated that it did not participate in the market value management of Zhongyuan Home Furnishings. In the first quarter, there were indeed investment managers in the self-operated department who bought Zhongyuan Home Furnishing stocks within the investment authority, but the company would definitely not participate in the market value management of listed companies.
Tianfeng Securities stated to the media that the company has never participated in the activities related to Zhongyuan Home Furnishing's market value management described by Ye Fei, and the self-employment and asset management departments did not have any suspected stock transaction records related to Zhongyuan Home's market value management in 2021. The self-media big V's claims are untrue.
In addition, Visionox, Haozhi Electromechanical, and Litong Electronics also stated to the media, "I have not contacted Ye Fei, and there is no relevant situation." "There is no report related to Ye Fei involved, and the company does not participate in the hype and market value of the secondary market. management."
However, the denials of many involved companies and brokerages were refuted by Ye Fei.
For example, in response to Tianfeng Securities’ response, Ye Fei said on Weibo: “What word game do you play? Your asset management manager has a woman! Ready to arrange one to three hundred million to buy Zhongyuan Home Furnishing!”
"The last person I reported under my real name was Huayu Mining. It has been investigated by the China Securities Regulatory Commission and ST. If you want to become ST, just wait and see." Ye Fei said.
The stock price of the listed company involved plummeted
As of the close of May 17, Zhongyuan Home Furnishing, Oriental Fashion, Visionox, Haozhi Electromechanical, Longji Machinery, ST Huayu, Jinchuang Group, Eurotek, Xiangxin Technology, *ST "named" by Ye Fei The share prices of listed companies such as Zhongying and Chengdi Xiangjiang plummeted collectively.
The shares of Tianfeng Securities and Shenwan Hongyuan also fell more than 3%.
The stocks involved closed down on the 17th.
The data comes from iFinD.
On May 18, most of the listed companies involved opened lower.
As of press time, most of the stocks involved continued to fall. Among them, Oriental Fashion, Eurocrane, and *ST should continue to drop their limit, while Zhongyuan Home Furnishing, Visionox, and Chengdi Xiangjiang rebounded.
As for the "list of 18 listed companies" circulating on the Internet, Ye Fei refuted the rumors late at night on May 16th, "I did not disclose the list of the 18 specific stocks. Whoever writes the list randomly is responsible for it!"
Screenshot from Ye Fei's Weibo.
Regarding the sharp drop in related stocks, Ye Fei said on May 17: “It will definitely fall, because I will not falsely bid farewell to the company, otherwise why should I clarify that there are less than 18. Since I know it, it means that they have problems. , Because good companies don’t pay for market value management. This is common sense.”
What are the penalties for market manipulation? Can investors claim compensation?
"Manipulating stock prices in the name of market value management, or suspected of manipulating the securities market." Dong Dengxin, director of the Institute of Financial Securities, Wuhan University of Science and Technology, told a reporter from Chinanews.com.
He stated, “According to Article 192 of the new Securities Law that came into effect in March 2020: Anyone who violates Article 55 of this law and manipulates the securities market shall be ordered to deal with illegally held securities in accordance with the law. , Confiscate the illegal income and impose a fine of more than one time but less than ten times the illegal income; if there is no illegal income or the illegal income is less than one million yuan, a fine of one million yuan to 10 million yuan shall be imposed."
In addition, "According to Article 182 of the latest Criminal Law Amendment, if the circumstances are serious for manipulating the securities and futures markets, he shall be sentenced to fixed-term imprisonment of not more than 5 years or criminal detention, concurrently or solely with a fine; if the circumstances are particularly serious, he shall be sentenced to 5. Fixed-term imprisonment for more than 10 years and less than 10 years, and a fine." Dong Dengxin said.
On social networks, someone asked whether investors can take legal proceedings to claim compensation once the investigation is determined or convicted.
In this regard, Li Jian, a lawyer at Zhejiang Yufeng Law Firm, said that if the Securities Regulatory Commission determines that listed companies and other information disclosure violate regulations and impose penalties, the damaged investors can sue for compensation.
If the Securities Regulatory Commission determines that the relevant responsible party is suspected of manipulating the securities market (or insider trading) and imposes penalties, the injured investor also has the right to sue.
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