【逝者】“中国证券教父”管金生：曾见证资本市场初创与跌宕

Core Points - The announcement of the passing of Guan Jingsheng, the actual controller and executive director of Jiusong Fund, highlights his significant contributions to the Chinese securities industry and his role as a pioneer in financial innovation [1][2] - Guan founded Wanguo Securities in 1988, which quickly grew to become a major player in the Chinese securities market, achieving an asset scale of several billion yuan [2] - His involvement in the establishment of the Shanghai Stock Exchange and the development of trading rules and infrastructure was crucial for the early growth of China's capital market [2] - The "327 bond incident" marked a turning point in Guan's career and had a lasting impact on the development of China's capital markets, leading to significant regulatory changes [3][5] - Following the incident, Wanguo Securities faced a liquidity crisis, leading to Guan's resignation and subsequent legal troubles, including a prison sentence for embezzlement [4][5] - After years away from the public eye, Guan returned to the capital market in 2016 as the chairman of Shanghai Jiusong Mountain River Fund Company [6] Company Overview - Jiusong Fund announced that Guan Jingsheng's death would not affect the company's operations, which continue to run smoothly [1] - The company is positioned to handle the aftermath of Guan's passing in accordance with relevant laws and regulations [1] Industry Impact - Guan's career and the events surrounding Wanguo Securities have been pivotal in shaping the regulatory landscape of China's capital markets, particularly following the "327 bond incident" [3][5] - The incident led to the establishment of the China Securities Regulatory Commission's authority over the capital market, influencing future regulatory practices [5]