Zhou Lin: Why Does Rat Store Go On Repeatedly?

Over the past few days, the management of heavy penalties for suspected "rat" fund company news aroused social concern.

It has been reported that the first 4 fund companies will be suspended from 3 to 6 months' new business once they have made profits from illegal pactions.

Obviously, this "slap" is a bit of a compliment compared to a company that only punishes individuals in the past.

Judging from the definition of responsibility, since the "rat farm" entry into prison in 2009, the supervision and punishment of this act has been rising, but it is in the important link of evidence chain.

You can always stay out.

"The personal behavior of fund managers has nothing to do with the company" and often become the common lines of the company's relationship with the "children".

In the future, if the company's punishment is normalized and institutionalized, it will achieve a breakthrough in defining the responsibility of "rat farm", forcing the fund company to further strengthen internal control and standardize management so as to form a good mechanism for all staff to assume the risk of asset management.

From the long-term development of the industry, integrity management is

This is the foundation of the industry.

Fund companies and fund managers go away from integrity and talk about "entrusted by others."

"Even if there are excellent financial skills, high returns, and bull marketing, it will not win investors' trust.

Of course, it is obviously not enough to rely on "beating the boards" and "punting tickets". The repeated prohibition of "rat farm" shows that its potential inducing factors are still not eradicated.

On the one hand, fund managers and investment directors are relying on asset management skills. They have bigger and higher fame and wealth demands but can not get guidance and satisfaction. This is difficult to control and control only by pressing and moral constraints.

On the other hand, based on the characteristics of the industry, the real "people has the final say" in the fund company is often the major shareholder and chairman.

When coordinating the interests of shareholders, fund holders and fund companies, the "supporting role" of fund managers is generally in a more awkward position.

Under the pressure of promotion and assessment, many capable fund managers are hard to stand out without years of experience and qualification.

Over time, some of them began to think about making money through the "crooked road", while others simply voted with their feet.

The asset management industry belongs to the light asset industry. Its characteristics determine that talents are the most valuable resources.

How to retain talents and promote the enthusiasm of the whole industry, abandon the "evil idea" and seek development is the most important problem to eliminate "rat farm".

In this sense, some fund companies explore the employee stock ownership incentive mechanism and encourage fund managers to stock stocks under certain conditions. In fact, they have eliminated the idea of making profits through the rat farm in their hearts.

In a wider range of thinking, some fund companies implement the "seed fund" plan to promote young talents, give them higher salaries and better treatment, and fundamentally eliminate the "rat farm" development soil, which is a good strategy for "killing rats and killing their hearts".