Di Yi Cai Jing Zi Xun·2025-08-08 15:57Core Viewpoint - The recent internal conflict at Jingqi Investment has escalated, involving allegations of financial misconduct and mismanagement, with the company’s founder and fund manager Fan Siqi at the center of the controversy [2][3][4]. Group 1: Company Operations and Allegations - Jingqi Investment's basic account experienced a significant abnormal fund transfer on July 2, which has severely impacted the company's financial operations [3]. - The company claims that there have been illegal uses of forged corporate seals and unauthorized actions regarding fund establishment and liquidation, implicating its custodian, China Merchants Securities, for failing to fulfill its due diligence obligations [4]. - Jingqi Investment has filed formal complaints with the China Securities Regulatory Commission and the Asset Management Association of China regarding these allegations [4]. Group 2: Management Disputes - The company is currently undergoing a change in its legal representative, with Fan Siqi allegedly using his authority to alter the management of the company's WeChat account during this transition [6]. - There are conflicting narratives between the founders, with Fan Siqi asserting that he was unfairly removed from his positions and that his actions were in defense of the company [5][6]. - The other founder, Tang Jingren, claims that Fan Siqi has not been involved in the company's daily operations for nearly three years and has been living in Japan, which has contributed to the management issues [7][8]. Group 3: Financial Management and Structure - Jingqi Investment was established on March 9, 2015, and currently manages between 1 billion to 2 billion yuan, with 56 funds under management [5]. - The company has faced scrutiny over its operational practices, particularly regarding the management of its funds and the legitimacy of its financial transactions [4][5].