Zhongtai Securities(SH:600918) Nan Fang Du Shi Bao·2025-08-27 12:32Core Viewpoint - Li Wei, former chairman of Zhongtai Securities, was sentenced to 15 years in prison for corruption and bribery, with total illicit gains exceeding 50 million RMB [1][4]. Group 1: Case Details - Li Wei was found guilty of embezzling over 10.03 million RMB from 2007 to 2020 while serving as chairman of Qilu Securities and Zhongtai Securities [4]. - He received over 39.98 million RMB in bribes from 2003 to 2023, leveraging his positions to benefit others in stock purchases, loan processing, and job placements [4]. - The court imposed a combined sentence of 15 years in prison and a fine of 3.5 million RMB, with confiscation of illegal gains [5]. Group 2: Professional Background - Li Wei held leadership roles in Qilu Securities and Zhongtai Securities for over 17 years, significantly impacting the local securities industry [6][7]. - He played a crucial role in the consolidation of local securities firms during the early 2000s, leading to the establishment of Zhongtai Securities as a major player [7]. - Li Wei's career included various financial positions, culminating in his tenure as chairman of Zhongtai Securities from 2003 until 2020 [8]. Group 3: Additional Context - Li Wei's actions were characterized by a pattern of misconduct, including accepting gifts and engaging in nepotism, which led to his eventual downfall [9]. - His case reflects broader issues of corruption within the financial sector, particularly in the context of regulatory oversight and governance [9].