In fact, Yin Ke is called the "working emperor" because he has been ranked first in the executive compensation of listed securities firms for five consecutive years.
Since joining the board of directors of CITIC Securities in June 2009, Yin Ke's salary has far exceeded that of other managers. In 20 16 years, its pre-tax salary was13505,000 Hong Kong dollars, which was 4 15 higher than that of 20174,000 Hong Kong dollars under the background of the sharp decline of CITIC Securities.
In the annual report of CITIC Securities, the total remuneration of current directors, supervisors, senior managers and those who left during the reporting period in 20 16 was 37.23 million yuan, with Yin Ke accounting for nearly one third.
However, as the highest paid chairman of the Risk Management Committee among CITIC Securities executives, Yin Ke is responsible for frequent risk management problems.
20151kloc-0/6 when the CSRC reported the inspection results of margin trading in the fourth quarter of 20 14, it criticized the irregularities of many brokers by name. Among them, CITIC Securities extended the expired margin financing and securities lending contract due to violation of regulations, and was taken the administrative supervision measure of suspending the opening of new customer credit accounts for margin financing and securities lending for three months. After handling, it has not been corrected, and a large number of customers are involved.
Before the punishment by the CSRC, China CITIC Co., Ltd., the largest shareholder, reduced its holdings of 34813.174,500 shares of CITIC Securities, and cashed in about 1 10 billion yuan. This precise selling has been questioned by the market, which has triggered the question of "insider trading".
On August 30th, 20 15, four senior executives, including Xu Gang, then member of the executive Committee and managing director of CITIC Securities, Liu Wei, member of the executive Committee and director of the financial market management committee, Fang, head of the financial business department, and Chen Rongjie, director of the alternative investment business department, were taken criminal compulsory measures according to law on suspicion of insider trading.
On September 15 of the same year, Cheng Boming, then general manager of CITIC Securities, Yu Xinli, head of the operation management department, and Wang Jinling, deputy manager of the Information Technology Center, were investigated by the public security organs according to law on suspicion of insider trading and leaking inside information. At this time, half of the members of the Executive Committee of CITIC Securities' top management body have been investigated.
2065438+At the beginning of 2006, the board of directors of CITIC Securities was greatly changed. Zhang Youjun, a veteran of CITIC, became the chairman of the company. Only Yin Ke and Fang Jun were retained among the original directors. On April 29th, according to Xinhua News Agency, three people including Cheng Boming, former general manager of CITIC Securities, were arrested.
2065438+On August 22nd, 2006, the National Stock Transfer Company opened the authority of qualified investors in the New Third Board to 506 unqualified accounts, requiring CITIC Securities to take self-regulatory measures that were ordered to be corrected. In addition, in June of this year, 5438+ 10, Qu Le, an employee of CITIC Securities, used other people's securities accounts to buy and sell stocks as a securities practitioner. The Beijing Securities Regulatory Bureau decided to confiscate the illegal income of 67,086.39 yuan and impose a fine of/kloc-0.8 million yuan.
After Yin Ke's departure, the performance pressure of CITIC Securities is also difficult to reduce. Although the brokerage industry's performance in 20 16 years is generally "halved", CITIC Securities ranks first in the industry in terms of operating income, net profit attributable to the parent company and net assets attributable to the parent company, but compared with Guotai Junan, the second largest in the industry, the profit gap between them has narrowed to 500 million yuan.
According to the previously disclosed performance report, in 20 16, Guotai Junan achieved an operating income of 25.765 billion yuan and a net profit of 98.4 1 100 million yuan, greatly narrowing the gap with CITIC Securities. In 20 15 years, the difference between the net profits of the above two brokers reached 4 1 100 million yuan.