Zhongtai Securities(SH:600918) 2 1 Shi Ji Jing Ji Bao Dao·2025-08-27 05:50Core Points - The former chairman of Zhongtai Securities, Li Wei, was sentenced to 15 years in prison for corruption and bribery, with a total amount involved exceeding 50 million RMB [1][2] - Li Wei's corruption activities spanned over 20 years, from 2003 until his arrest in 2023, involving both embezzlement and accepting bribes [1][2] - Under Li Wei's leadership, Zhongtai Securities achieved significant growth, including a successful acquisition and becoming the first listed securities firm in Shandong Province [3] Company Overview - Zhongtai Securities, originally known as Qilu Securities, was led by Li Wei for 17 years, during which it experienced multiple phases of rapid development [3] - The company reported a revenue of 15.045 billion RMB in 2015, ranking 13th in the industry, and maintained a revenue of 10.352 billion RMB in 2020, indicating strong operational capabilities [3] - As of December 31, 2024, Zhongtai Securities had total assets amounting to 224.693 billion RMB [3] Industry Context - Li Wei's case has raised concerns regarding the supervision of state-owned enterprises and the prevention of financial risks within the industry [3]