海富通再曝“老鼠仓”，主角竟是90后

Core Points - Hai Fu Tong Fund's former fund manager Yang Ning Jia was penalized for "mouse warehouse" behavior, marking the second such incident in seven years for the company [1][2] - The Shanghai Securities Regulatory Commission imposed a fine of 500,000 yuan on Yang Ning Jia for using undisclosed information to facilitate trading activities [1] - The company has a history of regulatory issues, with a previous case in 2018 involving former fund manager Xie Zhi Gang, who was sentenced to three years in prison for similar offenses [2][3] Company Overview - Hai Fu Tong Fund is one of the first Sino-foreign joint venture fund companies in China, established in April 2003, with a management scale of 216.122 billion yuan as of mid-year, ranking 35th in the industry [4] - The company is co-owned by Guotai Haitong Securities Co., Ltd. (51% stake) and Paris Asset Management BE (49% stake) [4] - In April 2023, the company appointed Xie Le Bin, a former vice president of Guotai Haitong Securities, as the new chairman, who is recognized for his strong risk control and compliance background [4] Regulatory Environment - The regulatory authorities have intensified their crackdown on "mouse warehouse" and other illegal activities, with the China Securities Regulatory Commission handling 87 insider trading cases in 2024, including 12 "mouse warehouse" cases [3] - In April 2022, the China Securities Regulatory Commission issued guidelines to accelerate the high-quality development of the public fund industry, emphasizing the need to combat illegal activities [3]