In the middle of 20 14, there was a rumor in the market that Xu Xiang was inspected by the CSRC, but Zexi publicly denied the rumor. Judging from the fact that the heavyweight Ningbo United was named by the CSRC, this rumor is obviously groundless.
In May of 20 14, Xu Xiang was investigated by the securities regulatory authorities for participating in the restructuring transaction of Oriental Zirconium Industry and was interviewed by the media again.
On 20 14 12 19, Zhang Xiaojun, spokesman of CSRC, reported the law enforcement work of Zhongke Wang Yun, Baiyuan Trousers Industry, Ningbo United, etc. 18, and said that the suspected institutions and individuals had been investigated.
Among 18 companies, Ningbo United is the most striking one. Xu Xiang, a private equity tycoon, holds as many as15.54 million shares, making him the second largest tradable shareholder after Zhejiang Rong Sheng. At the shareholders' meeting in April, 2004, Xu Xiang's Zexi series of trust products proposed that Ningbo should jointly implement high delivery and transfer, but it was ultimately rejected by the shareholders' meeting. Some market participants have questioned that private equity funds have a certain right to speak because they hold a large number of shares, and the ultimate goal of high delivery is to successfully ship after the stock price rises sharply.
Zexi Investment explicitly denied the rumors being investigated. Xu Xiang's own response is: "I managed 65.438+0 billion plates, and Dongfang Zirconium only bought 65.438+0 million. Do you use this for insider trading? "
Rumors were investigated from April 2065438 to August 2005, mainly related to "stock index futures trading". Because of rumors, not only the details of the investigation, but also many senior officials are involved. Zexi Investment, a subsidiary of Xu Xiang, quickly issued a clarification announcement in a conspicuous position in official website: "Since its establishment, the company has never opened a stock index futures account or engaged in stock index futures trading." According to the announcement, those who create rumors will retain the right to pursue their legal responsibilities.