Core Viewpoint - The case against Song Quanan, former deputy general manager of China Financial Publishing Media Group, highlights issues of negligence and corruption within state-owned enterprises, resulting in significant financial losses and legal consequences for the involved parties [1][3][4]. Group 1: Negligence in State-Owned Enterprises - From 2017 to 2023, Song Quanan, as the legal representative and chairman of Zhongcai Quanxing Capital Management Co., Ltd., failed to conduct thorough due diligence and risk management, leading to a loss of approximately 23.64 million yuan due to a failed investment of 50 million yuan [3]. - The court found that Song Quanan's negligence in managing the investment and lack of oversight on fund usage contributed to the financial losses incurred by the company [3]. Group 2: Corruption and Bribery - Between October 2018 and November 2023, Song Quanan illegally accepted bribes totaling 550,000 yuan in exchange for facilitating job placements and promotions for individuals within the company [4]. - The court ruled that Song Quanan's actions constituted both negligence and bribery, warranting a combined penalty under the law [4].