Core Viewpoint - The news highlights allegations from a whistleblower claiming that employees of Shenwan Hongyuan Securities were coerced into purchasing the Shenwan Lingshin Industry Select Mixed Fund, resulting in significant losses within a short period. The fund's performance has been notably poor compared to market indices, raising concerns about management practices and potential regulatory violations. Group 1: Allegations and Fund Performance - A Shenwan Hongyuan employee reported being forced to invest 1.5 million yuan in the Shenwan Lingshin Industry Select Mixed Fund, which lost 85,400 yuan in just two months [1][2] - The fund, managed by star fund manager Jia Chengdong, was established on June 3, 2025, and has seen its A-class shares decline by 8.23%, ranking 4672 out of 4673 similar funds, while the Shanghai Composite Index rose by 8.96% during the same period [3][5] - The fund's strategy promised high dividends and a gradual investment approach, but it reportedly built a 60% position within three days and made aggressive trades that led to losses [3][5] Group 2: Company Response and Implications - Shenwan Lingshin denied the allegations of forcing employees to buy the fund, stating that there was no coercion and that the management personnel's subscription volume was zero [5] - The company acknowledged that the fund's short-term performance has not met expectations but encouraged investors to focus on long-term results [5] - If the allegations are proven true, they could violate regulations regarding investor suitability and prohibition of forced purchases, indicating potential governance issues within the company [5][6]