Yesterday, a private conversation between Xu Xiang and Cheng Dinghua, chief strategist of Essence Securities, was exposed. It was revealed on the Internet that Cheng Dinghua and Zexi Xu Xiang had a 5438+0 dinner at the end of June this year. The conversation was secretly recorded by the salesperson surnamed Li and leaked to other brokers and the media. Xu Xiang was furious and then retreated to Zexi's hundreds of millions of warehouses in Essence Securities.
The main content of the above recorded conversation is that Xu Xiang and Cheng Dinghua discuss this year's investment strategy. Xu Xiang's entire recording was full of questions. As the respondent, Cheng Dinghua talked about several hot issues this year. Although the conversation didn't involve any privacy issues of Xu Xiang and Zexi, the recording was beyond the bottom line of Xu Xiang.
Xu Xiang didn't know about the recording behavior of Li salesman of Essence Securities before, and since then, the recording has been widely circulated among brokers and institutions. A number of brokers and institutional sources revealed to the reporter of National Business Daily that 1 had already obtained relevant contents at the end of the year and early February. "We didn't pay much attention to this recording at that time. If it is top secret, it will not be made public. " An institutional source revealed, "We speculate that the initial motivation of the salesperson may be to show off the Xu Xiang recording in his hand, but it eventually led to extremely serious consequences."
As a private equity person, Xu Xiang hates being recorded without his knowledge. According to relevant sources in Zexi, "Xu Xiang didn't know that his private conversation was recorded and widely spread until yesterday afternoon." In great anger, on the afternoon of 20th, Xu Xiang decided to end the cooperation with Essence Securities. A related person in Zexi said, "Even private conversations will be secretly recorded and circulated. How can we ensure that our funds are safe with them? "
At present, Xu Xiang's account funds in Essence Securities exceed 500 million yuan, and the annual liquidity in Essence Securities exceeds10 billion yuan. Based on the handling fee alone, Essence Securities will lose more than one million yuan.
The reporter of National Business Daily tried to verify the above facts with Essence Securities, but Essence Securities never gave a reply.
Although Zexi is famous in the A-share market, it has always been quite mysterious to the outside world, especially Xu Xiang, the "chief helmsman".
Through this "eavesdropping" incident, people in the investment circle can get a glimpse of the unknown details of Xu Xiang for the first time. Because Zexi's trading path has always been the focus of market tracking, Zexi Investment has always been extremely taboo to disclose the trading path to the public. A private equity source revealed, "As far as the private equity industry is concerned, the act of secretly recording is a taboo." Although the recorded content of this exposure does not involve other secret contents, with this private recording, it means that the trust between private placement and brokers no longer exists.
"With this recording, who knows if there will be a recording in other more private occasions? If it involves individual stock information or the contents of the agreement negotiated with brokers, it is very likely to affect the relationship between private placement and customers. More serious will involve legal issues. " The above private investors said.
Anxin brokerage business is afraid of huge losses.
The salesman surnamed Li of Essence Securities secretly recorded other people's speeches and spread them widely, which obviously violated the bottom line of professional ethics of the whole industry, and this behavior has also been criticized by many people in the industry.
A private equity person immediately deleted the above conversation saved in the computer after learning the news yesterday morning (February 2 1). "No one wants to leave things that are bad for them in the computer. There are more friends in the investment circle than enemies. "
Another institutional source said, "I got this recording as early as the end of 1, but I deleted it without listening. This recording is of no value to us. First, their views are not necessarily correct. Every institutional investor has his own investment ideas and ideas. Peeping at other people's investment ideas is easy to interfere with his own investment strategy. "
But the more important reason why these people are unwilling to keep this recording is that "this recording touches the bottom line of professional ethics in the investment industry." The above-mentioned investment institutions said frankly, "If private conversations are recorded and spread, there will be many security risks."
After Zexi cut off all the sub-warehouses of Essence Securities, in addition to the commission loss of several million yuan, it will also hit Essence Securities hard from another direction.
As one of the most successful sunshine private placements, Zexi Investment's influence in the circle far exceeds that of ordinary private equity funds. For brokers, the position invested by Zexi itself is a big signboard. "Brokers can know the trading path of Zexi Investment for the first time, and the funds behind it will reach 5 billion to 6 billion yuan." The above-mentioned private investors disclosed to the National Business Daily. If the cooperation with Zexi finally breaks down, it will have a great impact on Anxin's brokerage business.
Anxin recording door exposes three hidden rules of brokerage research service
Hidden rules 1:
Big customers enjoy the green information channel exclusively.
Big customers prefer to participate in sales roadshows, dinners, regular conference calls and various entertainment activities organized by brokers. This has become a channel to discuss investment and exchange all kinds of information. Of course, only big customers can enjoy the information green channel exclusively.
Unspoken rule 2:
Green channel depends on non-public information.
In the current investment field, it will be difficult for researchers to invite big names in the investment field to dinner without revealing some non-public information that cannot be seen in the research report.
Unspoken rule 3:
Salespeople and researchers are not well separated.
Some institute sales staff will participate in the research of listed companies by researchers and major customers, as well as roadshows for major customers such as funds. Therefore, these salespeople often know the opinions of researchers before the research report is released and spread it out.