A spokesman for the China Securities Regulatory Commission said today that it has always adhered to a "zero tolerance" attitude towards market manipulation, insider trading and other behaviors in the name of market value management, and will be seriously investigated and dealt with in accordance with the law. Those suspected of committing crimes will be transferred to the public security in a timely manner. organ.

The "market value management incident" continues to ferment. In the afternoon of May 14, Ye Fei, a big V in private equity, stated on Weibo that he plans to break the news about 18 listed companies, only a few more, one a week.

Ye Fei posted on Weibo on May 9 that the dealer entrusted by the listed company Zhongyuan Home Furnishing in the "market value management" will not pay the balance. If he does not handle it seriously or defaults on the debt, he will report his real name to the China Securities Regulatory Commission. and economic investigation reports. Among them, the takeover parties involve public offerings and securities firms and asset management companies.

"Shut down the phone for two hours now and report to a certain leader of the public security department." Ye Fei posted on Weibo on the afternoon of May 14.

Debt collection by private equity giant V

The matter dates back to the end of March. According to Ye Fei’s revelations, on March 31, Zhongyuan Home furnishings paid Ye Fei less than 10% of the deposit through an intermediary. With the funds, Ye Fei found public fund managers and securities firm asset management to buy Zhongyuan Home Furnishing shares. After that, the stock continued to fall to the limit, and the market value manager Pofidi defaulted on paying the balance, causing the public fund to lose millions.

“At the beginning, it was said that the position was locked and the guarantee deposit was paid. The price increased by more than 30%. As a result, not only was the position not locked, but the goods were directly shipped to us, and the guarantee deposit was not paid. "Ye Fei said.

Zhongyuan Home Furnishing received a regulatory letter from the China Securities Regulatory Commission on May 13, requiring the company to verify relevant matters reported by the media. On the same day, Zhongyuan Home Furnishing issued the "Announcement on Matters Related to Media Reports" and denied carrying out "market value management."

Zhongyuan Home Furnishing responded in the announcement that it has not entrusted the relevant investors orally or in writing through a third party to purchase the company’s stocks and carry out “market value management”. The company’s actual controller, company directors, supervisors, senior The management staff also have no contact or acquaintance with Pu Feidi or Weibo V "Ye Fei Private Equity Champion Zhishuo".

As for the list of 200 shareholders mentioned by Ye Fei, Zhongyuan Home Furnishing stated that the company’s shareholder list is managed by the securities affairs representative of the company’s board of directors office, and the company strictly follows the "Articles of Association" Relevant regulations stipulate that after shareholders provide relevant identity certificates, the company's shareholders will be provided with shareholder list query services.

Ye Fei disagreed with Zhongyuan Home Furnishing’s denial and said he would provide relevant evidence.

Not only Zhongyuan Home Furnishing, Ye Fei also named a number of listed companies, but the named companies all responded that they did not know him or were unclear.

Ye Fei named Longi Shares, "The big drop at the end of April last year! Zeng Bo's village." Ye Fei was very dissatisfied with the previous denial of the listed company and said on Weibo, "Listed companies want Don’t come out and say you don’t know me or Zeng Bo?”

Ye Fei’s Moments

Strict supervision with “zero tolerance”

In criminal matters In terms of aspect, according to Article 181 of the Criminal Law, fabricating and disseminating false information that affects securities and futures trading, disrupting the securities and futures trading markets, and causing serious consequences constitutes the crime of fabricating and disseminating false information about securities and futures trading, and citizens Will be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall be fined not less than 10,000 yuan but not more than 100,000 yuan;

In civil matters, according to Article 56 of the Securities Law, fabricated , disseminate false or misleading information, disrupt the securities market, and cause losses to investors, the parties concerned shall bear liability for compensation in accordance with the law;

In terms of administration, according to Article 193 of the Securities Law , who fabricates or disseminates false or misleading information and disrupts the securities market, the illegal income of the party concerned shall be confiscated and a fine of not less than one time but not more than ten times the illegal income shall be imposed; if there is no illegal income or the illegal income is less than 200,000 yuan, a fine of 200,000 yuan shall be imposed. A fine of not less than 10,000 yuan but not more than 2 million yuan is imposed.

He was once punished for “manipulating the market”

Public information shows that Ye Fei entered the securities market in 1994 and established the private equity company Huaibei Yitian Investment Co., Ltd. in 2010. 99% shares. In 2015, Etian Investment's "Etian Yali No. 3 Fund" achieved a return of 351% and was named the champion of the Sunshine Private Equity Equity Strategy Group in the first half of 2016 by the institution, thus gaining a foothold in the private equity industry.

In September 2015, the China Securities Regulatory Commission planned to impose administrative penalties on five cases of securities market manipulation. Among them, Ye Fei was suspected of manipulating 5 stocks of Xinwei Group, Jinxi Axle, Aotexun, Jianghuai Automobile, and Zhongqingbao. Ye Fei's illegal income of 6.638 million yuan was confiscated and fined 19.91 million yuan. The investigation and trial of Ye Fei's suspected manipulation of the prices of five stocks have been completed and the notification process has entered.

In response to this, Ye Fei also posted a response on Weibo on the afternoon of May 14, saying that at that time he hired a lawyer to conduct a hearing to appeal against the penalties imposed by the Securities Regulatory Commission.

It has been 6 years, and the result of the appeal has not come down. No formal penalty documents have been received, and the fine has not been paid.

However, Etian Investment was canceled as a private equity fund manager in 2019. In May 2019, the Asset Management Association of China issued the "Announcement on Cancellation of the Registration of 20 Private Equity Fund Managers with Abnormal Operations". Among them, Huaibei Yitian Investment Co., Ltd. cannot continue to meet the registration requirements for private equity fund managers.

This is not the first time Ye Fei has been at the forefront of the storm. The protagonist of the article "23 EMBA bosses lost more than 100 million yuan in private equity stock trading classes" reported by "Qianjiang Evening News" in 2015 is also Ye Fei. He once served as a lecturer in the "Special Stock Training Class" of the EMBA CEO class of a university in Zhejiang, following The 23 EMBA students he taught suffered huge losses of more than 100 million yuan, and their "training fees" ranged from 150,000 yuan to 298,000 yuan.

Editor Yao Hui

Editor-in-chief Sun Xiao