幻方量化员工卷入“亿元返佣”案 涉案人为市场总监,公司称为个人行为

Core Viewpoint - A major quantitative private equity firm in China, Huafang Quantitative, is embroiled in a commission rebate scandal involving a total amount of 118 million yuan, raising significant market attention due to its dual identity as the parent company of the DeepSeek model [1] Group 1: Incident Details - The scandal involves Huafang Quantitative's market director, Li Cheng, who allegedly colluded with a brokerage manager to fabricate broker identities, directing trades to a designated brokerage to exploit a commission rebate system [1] - Over a span of six years from 2018 to 2023, the scheme resulted in a total of 118 million yuan, with over 20 million yuan flowing directly to Li Cheng [1] - Several individuals involved in the case have been handed over to judicial authorities for further investigation [1] Group 2: Company Response - Huafang Quantitative stated that Li Cheng's actions were personal and not representative of the company's conduct [1] - The company emphasized that it was unaware of how the brokerage incentivized its sales personnel and maintains uniform commission rates across all partnerships, which are considered to be at a relatively low level in the industry [1] - Li Cheng is described as a regular market staff member rather than a senior executive, and the company is awaiting the results of the investigation [1] Group 3: Company Background - Huafang Quantitative is recognized as one of the leading quantitative private equity firms in China [1] - The company established a subsidiary, Deep Exploration Company, in April 2023 and plans to launch the DeepSeek model in January 2025 [1]