Core Viewpoint - The article discusses the downfall of two prominent female figures in the financial industry, namely "Bond Queen" Zhai Chenxi and "Approval Queen" Guo Xudong, both of whom have been implicated in scandals related to Tianfeng Securities and its former chairman Yu Lei [4][9]. Group 1: Background of Key Figures - Yu Lei, former chairman of Tianfeng Securities, has been missing for nine months since February 2025 due to involvement in a corruption investigation linked to former Hubei governor Jiang Chaoliang [2][3]. - Zhai Chenxi, known as the "Bond Queen," was a former executive vice president at Tianfeng Securities and has been reported missing and taken for investigation [4]. - Zhai Chenxi had a successful career at the National Development Bank before joining Tianfeng Securities in 2014 at Yu Lei's invitation, quickly rising to the position of vice president [4]. Group 2: Financial Implications and Risks - Tianfeng Securities faced a significant debt crisis in 2022, with its major shareholder, Contemporary Group, discovering over 10 billion yuan in risky assets, primarily linked to Yu Lei [4][5]. - Zhai Chenxi attempted to resign from Tianfeng Securities amid the crisis but faced delays in approval, leading her to initiate labor arbitration against the company [4]. - The debt scale of Contemporary Group exceeded 30 billion yuan in 2017, with bond defaults occurring in April 2022, affecting thousands of investors [5]. Group 3: Consequences and Future Outlook - The article suggests that both Zhai Chenxi and Guo Xudong played significant roles in the collapse of the Contemporary Group, and their subsequent investigations may reveal more about the extent of their involvement [9]. - The downfall of these two influential figures highlights the potential risks and instability within the financial sector, particularly in relation to corporate governance and oversight [6][9].