Zhongshan Public Insider Trading: "Devil'S Head" Tan Qingzhong'S Desperate Capital Crazy Tour

The man who emphasized himself as "a master of capital operation" is actually a "invisible capital player" with "lack of industrial experience, and company operation is mainly based on capital operation he is familiar with".

Tan Qingzhong made the public scenery of Zhongshan with one hand.

Just after the insider trading incident, he will pay the price for the public utility of Zhongshan, and Zhongshan public will be dragged into the vortex of public opinion and regulation.

In May 30th, an official in Zhongshan, Guangdong province was investigated for alleged serious economic violation. The next day, Zhongshan public (000685, SZ) had an emergency suspension, saying that the company had serious issues to be verified.

Just when the market speculated that the Zhongshan public suspension was related to the insider trading of the officials, Zhongshan public announcement on June 2nd said that the chairman of the board of directors Tan Qingzhong and general manager Zheng Xuling were temporarily unable to perform their duties, and authorized the director Zheng Zhongqiang to act on behalf of the chairman and general manager.

But the announcement did not mention the reasons why they could not perform their duties.

Times weekly reporters immediately rushed to Zhongshan, one of the protagonists in the case of Tan Qingzhong insider trading investigation, in order to restore his accident before and after.

The fact that constantly appears seems to imply that this man who emphasizes himself as "not a capital operation master" is actually a "invisible capital player" who lacks experience in industry and company operation is mainly based on capital operation he is familiar with.

"His fall is inevitable."

Many people familiar with Tan Qingzhong in Zhongshan told reporters.

No one knows where the safety margin of the relationship network is hidden behind Tan Qingzhong, and which buttons are still on the knots.

16 crazy trading boards

In June, this is a noisy season for birds singing.

It is just the light rain. The Zhongshan city outside the window is very quiet. At the Beijing Zhuhai Expressway, it is approaching the roadside in Zhongshan. The huge billboard of "creating a harmonious life" is spreading along the road.

What many Zhongshan citizens did not expect was that the Zhongshan public utility who invested in the advertising for two consecutive days was involved in a noisy "insider trading verification storm".

No egg was laid under the nest.

Zhongshan's public stock price was obviously affected by bad news. After the resumption of the Zhongshan public service in June 2nd, the stock price once hit the limit plate, closing at 18.15 yuan, down 6.73%, trading 298 million yuan, and trading volume was 2.5 times the previous trading day.

At the time of the deadline, the net outflow of funds was 143 million yuan, with a total decrease of 16.19%.

Among them, there are institutions at any cost to sell 57 million yuan to run away.

Among the first, second largest shareholders of circulation in Zhongshan, two of China's postal funds were most injured, with a single market value losing more than 40 million yuan per day.

It is widely speculated that the storm is inextricably linked to the 16 trading restrictions in 2007, while the 16 trigger point is the major asset reorganization of Public Technology (Zhongshan public predecessor).

In July 2, 2007 and July 3rd, public technology, which continued to decline, suddenly pulled up two trading restrictions.

In July 4th, public technology was suspended due to the recent discussion of important matters related to the company by controlling shareholder Zhongshan public utilities group limited.

In August 20th, public technology disclosed the motion of merger and private placement and resumption of licensing. The original public technology used 8.15 yuan / share swap to absorb public utilities and new shares to acquire water supply assets of five township water supply companies, and the total issued shares were 438 million shares.

After merger and reorganization, Zhongshan Zhonghui Investment Group Co., Ltd. replaced Zhongshan public group as the largest shareholder of the company. The name of the company was renamed from public technology to Zhongshan public.

From the K-line chart, we can see that the most intense straight line pull up market in Zhongshan is coming at the same time.

14 crazy continuous trading, plus two trading halts before the suspension, the company's share price soared from 31.1 yuan before the start to 31.1 yuan, or 360%.

In September 10, 2007, public technology also sealed up the trading limit, but the price had risen to 8.55%, and the turnover was 1 billion 513 million yuan, compared with the turnover of 20 million 740 thousand yuan on the previous trading day. The turnover rate also reached 30.83%.

The public information disclosed after the Shenzhen Stock Exchange revealed that the top three seats in the top five seats sold in September 10th were Galaxy Securities Zhongshan business department, CITIC Securities Zhongshan pine Yuan Road Sales Department and GF Securities Zhongshan Zhongshan four Road Sales Department, and three sales departments accumulated a total of 134 million yuan.

According to the information released by the Shenzhen Stock Exchange, the seats involving unusual fluctuations in Zhongshan's public calendar year have been frequently seen and operated on different seats, and the securities business department that is the same on the same day is just the first two of the three.

Data show that in August 4, 2006, both sold 2 million 550 thousand yuan in total, and in October 24th, they bought 3 million 610 thousand yuan.

Since then, it was not until March 5, 2007 that galaxy securities's Zhongshan securities business department reappeared on the mobile seat and sold a total of 3 million 320 thousand yuan.

"The restructuring plan will not only be known to the board, but also to the city leaders to see if they want to enter the market and see their control." a former insider of the public utilities told the times weekly reporter that Tam's grasp of the restructuring process would definitely be a reference to the development of public technology.

"Zhongshan public by the Milky Way" is not a secret in the circle.

A person who worked with Tan Qingzhong said that the so-called operation would not be carried out at the galaxy securities company level. "It is to open an account in an individual name for investment, not only in a securities company, but also in different accounts."

He disclosed that there were Tan Qi, Wu Manping and Tan's relatives in Shaoguan.

Many customer managers of Galaxy Securities Zhongshan business department deny the above statement with "do not understand the real identity of the operational customers".

Die Zeit

Real Zhongshan public

The news of "Tan Qingzhong was taken away" spread like a virus.

It is widely believed that Tan Qingzhong and his wife Wu Manping were taken away at home early in the morning on the morning of May 29th, when an official in Zhongshan was confirmed to accept an investigation.

Zheng Xuling's whereabouts were equally fascinated. Zheng Ceng, who had just gotten off the plane, spoke to others. After a few minutes, someone telephoned Zheng, and the phone went nowhere.

On the evening of May 30th, two people were absent from the provisional board meeting.

Previously, the company's claim to the media was "business trip".

In June 4th, Liang Muchun, general manager of the public securities law department of Zhongshan, replied to "unclear" about whether the company's suspension was related to officials' "sacking" and the whereabouts of the company's top two executives.

At present, it is still necessary for the relevant departments to further investigate whether Tan Qingzhong and other stakeholders involved in insider trading. However, the expansion of Zhongshan's public industry in recent years has basically represented the track of capital operation of Tan Qingzhong.

In May 30th, the day before the Futures Company's "one parameter one control" regulatory requirements met the deadline, Zhongshan public won all the shares of Shaanxi Changan futures.

The final auction price is 86 million 400 thousand yuan, which is nearly twice the listing price of 46 million 800 thousand yuan.

Zhongshan public has always been interested in the financial sector. Currently holding 343 million 377 thousand and 100 shares of GF, accounting for 13.70% of its total share capital, is the third largest shareholder, holding 14 million shares of Guangzhou rural commercial bank, and one of the enterprises that guarantee investment in the Pearl River Delta, Zhongshan Silver guarantee investment Co., Ltd., accounting for 40 million yuan, accounting for 40% of its total share capital.

The proportion of the company's financial assets in total assets has exceeded 50%.

In terms of revenue, Zhongshan public did gain a lot from the investment and financial field.

In 2009, if the GF Securities income was included, the company achieved net profit of 817 million yuan, while without GF proceeds, the net profit of the company was only 119 million yuan, and more than 85% of the company's performance was obtained through financial investment.

From this year's quarterly report, the net profit of the company decreased by 30.40% compared with the same period last year.

The statement is mainly due to the decrease in investment income from GF Securities and Guangdong, China.

"Tan Qingzhong lacks industrial experience, and the company operates mainly on capital operations he is familiar with," an insider from Zhongshan SASAC said.

"The reason is very simple, the stock price is a daily limit, enough to make the industry profitable for a year," an analyst with Guangzhou Securities said. The benefits of participating securities companies are basically not bad money, but the risk is great. That is to say, even if the company does nothing, it also has 80% of its income, but capital operation is multiplicative, and it is full of money in the bull market, but it will be penniless in the bear market.

Tan Qingzhong, the head of Zhongshan public utility related enterprise, said that he had proposed to build a financial industry platform and split some of the Holdings' financial assets into the market.

Prior to media reports, Zhongshan public intends to negotiate the 60.35% stake in Guang Fa Hua Fu.

However, the company then clarified that there was no negotiations related to the hearsay and no relevant intentions and agreements had been signed.

"This is not impossible," an analyst of GF Securities said. After the launch of stock index futures, Futures Company, which has the qualification of financial futures brokerage, has become the "fat meat" in the eyes of securities companies. In the light of the foreign situation, the volume of stock index futures is larger than that of all commodities, and securities companies are more advantageous to the development of customers.

"Take the domestic situation as an example, at present, the stock index futures trading ranks the highest in Futures Company."

Tan Qingzhong weaving webs

Tan Qingzhong's "financial technology" in the capital market stems from his many years of experience in the financial industry.

In his early years, Tan worked in the people's Bank of Shaoguan, successively served as deputy director of Zhongshan industrial and Commercial Bank of China, general manager of Zhongshan branch of Guangdong industrial and Commercial Bank Trust and investment company, general manager of Zhongshan securities business department of China Huarong Trust Company, general manager of Guangdong securities management Department of China Huarong Trust Company, general manager of Zhongshan business department, Galaxy Securities, China.

Later became deputy general manager of galaxy securities asset management headquarters, and became Vice General Manager of Galaxy fund management company in April 9, 2003.

But in 2003-2005 years, three years, Tan has not been righted.

Tam once introduced his life "three jump" to his friends: a senior leader in Zhongshan visited Shanghai to contact with local officials.

By chance, Tan had a good relationship with the leadership of Zhongshan.

It was not until the end of 2005 that Tan Qingzhong was identified as director and general manager of Galaxy fund.

"But at that time, Tan had already started to think about it, so Zhongshan needs to return when he returns," the source said.

Zhongshan public has become a place for Tan Qingzhong to play again.

Although he has no industrial experience, he has long been engaged in finance in Zhongshan and has rich experience in capital operation, making Tan Qingzhong the only candidate for public integration in Zhongshan.

However, anyone who knows Tan Qingzhong thinks he is a good shoeshine.

Someone gave him a nickname called "the devil's head."

In 2007, the reorganization plan of public water absorbing assets in Zhongshan was pushed by Tan Qingzhong, but it was generally opposed by the bureaus of Zhongshan ministries and commissions.

"Water assets are high quality assets, and the income is quite stable. After listing, I earn 100 yuan, maybe 30 yuan to share with shareholders, and water companies certainly do not," a former insider of the public utilities recalls.

At that time, Tan Qingzhong was chairman of the public group and chairman of Zhongshan Zhonghui Investment Group Co. Ltd., chairman of public technology is Zheng Zhongqiang.

Tan Qingzhong often gained the trust of senior leaders in Zhongshan.

At a dinner party, he taught a friend the secret of taking the upper route, which made the person stare.

"Tan Qingzhong's contacts with senior officials can be described by" Tong Tian ". Many of the listed companies have not even decided to discuss them through the board of directors. Zheng Zhongqiang's power is actually being built up," said the Zhongshan municipal SASAC.

The reorganization plan for absorbing water assets is finally released.

The times weekly reporter asked Zheng Zhongqiang to verify the above statement, and the other side refused reporters' interviews on the grounds of "busy".

He soon grasped the two magic weapons of "stir frying water resources and capital operation". In 2007, Zhongshan's public offering to the investors provided the best imagination and motivation. Under their ardent pursuit, Zhongshan's public value added rapidly.

In 2008, Tan Qingzhong's influence territory expanded further and became chairman of the listed company.

Subsequently, he invited Zheng Xuling, Shao Nianrong, Huang writer and other former colleagues of the original Galaxy Securities to Zhongshan public executives.

In the process of gradually expanding, some enterprises began to establish long-term and stable "mutual binding" cooperation relationship with officials, forming a common interest community.

An official in Zhongshan, 56, was asked to investigate for the first time: was he implicated in Tan Qingzhong?

Rumor has it that Tan's wife Wu Manping himself went to Zhongshan to make public use of the large room of galaxy securities, and Tan's friends said it was not surprising: "this is a close relationship of interest and a dangerous relationship, too.