The court found that between June 1998 and August 2003, Yang Yanming repeatedly instructed financial personnel to withdraw cash from the business department’s capital account in violation of regulations** in the name of the unit’s operating funds** * A total of more than 65.36 million yuan was embezzled. From January to April 2002, Yang Yanming repeatedly instigated the staff of his unit to liquidate stocks and funds operated by his unit in other securities business departments, embezzling a total of 3.76 million yuan. After the incident, Yang Yanming refused to explain the whereabouts of the money, causing the above-mentioned state-owned property to suffer losses.

Between August and December 2000, Yang Yanming transferred 24.8 million yuan of the sales department’s funds to Beijing Jiaxin, which he personally controlled, on the grounds that the Hufang Road sales department needed to change its business location and rent another space. Jietang Property Management Consulting Co., Ltd. used the company to purchase a commercial building in Beijing and rent it to the sales department. After that, Yang Yanming returned 12.1 million yuan of the three-year rent paid by the business department in one lump sum, as well as 13 million yuan of public funds transferred out from the business department again, totaling 25.1 million yuan, and returned it to the business department. So far, Yang Yanming has embezzled 24.8 million yuan in public funds. Before the incident, there was still 12.7 million yuan that had not been returned. In addition, in November 2003, Yang Yanming was removed from his position as general manager of the Beijing Wangjing Xiyuan Securities Sales Department and transferred to the company's headquarters. Taking advantage of his position, which had not yet been handed over and was still responsible for part of the fund operations, he repeatedly ordered others to withdraw public funds for him from the fund account controlled by the business department* from November of the same year to March 2004, in the name of needing operating funds. ** A total of 600,000 yuan was used for his personal futures business. The money was refunded before the incident. According to the criminal facts determined by the above-mentioned court, Yang Yanming embezzled more than 69.12 million yuan in public funds and misappropriated public funds in a total amount of 25.4 million yuan. In December 2005, the Beijing Intermediate People's Court sentenced Yang Yanming to death for corruption, misappropriation of public funds, and several other crimes. The case was tried twice by the Beijing No. 1 Intermediate People's Court and the Beijing High Court. Although Yang Yanming has refused to explain his whereabouts of corruption and misappropriation of public funds, he will not escape the severe punishment of the law.