Core Viewpoint - The release of Ye Fei from prison marks a significant moment for the Chinese capital market, prompting a reevaluation of "pseudo market value management" practices and highlighting the need for compliance and transparency in market operations [1][12]. Group 1: Ye Fei's Background and Legal Issues - Ye Fei, once a champion in private equity, became a whistleblower on "pseudo market value management" and was sentenced to four years in prison for manipulating stock prices and other related offenses [3][6]. - During his imprisonment, Ye developed a deeper respect for the law and expressed remorse for his past actions that harmed retail investors [5][8]. - Ye's past achievements include founding Yitian Investment, which achieved a remarkable 351% return in 2016, but he later faced significant penalties for price manipulation [6][7]. Group 2: Changes in Market Practices - The capital market has undergone significant changes during Ye's incarceration, with stricter regulations leading to a more transparent environment, replacing the previous "sitting庄" model with legitimate practices like mergers and acquisitions and equity incentives [4][13]. - The current consensus in the market emphasizes the importance of compliant market value management, which aligns stock prices with overall corporate strategies [12][13]. - As of 2024, new regulatory guidelines for market value management have been introduced, indicating a shift towards institutionalized practices and away from gray operations [13]. Group 3: Future Plans and Aspirations - Post-release, Ye plans to restart his career in private equity and film, aiming to educate market participants on compliance and ethical practices [3][10]. - He has expressed a desire to become a leading entrepreneur and educator in the stock market, focusing on legal wealth generation [9][11]. - Ye is also working on three film scripts intended to promote positive values in the capital market [4][10].