Ping An Asset Management Was Investigated By &Nbsp; Market Questioned Operation Concealed "Buy First And Push Back".

[Abstract] in other words, within three days, Ping An Asset Management Co's account traded Haixin shares through the bulk trading platform, and the total number of shares traded amounted to 30 million 500 thousand shares, with a total turnover of about 215 million 300 thousand yuan.

According to the first quarter report of Haixin shares, Ping An Asset Management Co's three accounts became the top ten tradable shareholders of the company (table two). Since 2011,

In the middle of May, the calm of the Ping An Asset Management Co was broken.

"The company has come to some special people who are said to be from the Shenzhen Securities Regulatory Commission.

In order to maintain market order, the SFC has intensified its investigation and crackdown on irregular pactions in the securities market.

This is also the first time the supervisory department's recent investigation has touched the insurance Asset Management Co.

The reporter called the Ping An Asset Management Co marketing department to verify the matter. The relevant personnel said on the phone, "I was also the first to hear about what was investigated, and I didn't know the specific circumstances."

Shenzhen Securities Regulatory Bureau

Ping An Asset Management Co's office in Tang Town, Pudong, is several kilometers away from Lujiazui.

Buildings, such as the ancient manor of Europe, are low-key, quiet and comfortable environment, which is suitable for those who need calm thinking.

"The Shenzhen Securities Regulatory Commission entered the Ping An Asset Management Co for about a week, and the investment director and research director accepted the investigation."

A person familiar with the matter told the agency investment reporter.

The above sources said: "the problem of estimation is more serious."

At the same time, the relevant investment manager has arrived in Shenzhen to accept the Shenzhen Securities Regulatory Commission's inquiry.

It is reported that by the end of 2010, Ping An Asset Management Co managed assets of over 700 billion yuan, managing hundreds of investment portfolios.

It is reported that the investigation is related to previous Haixin shares.

Shanghai bulk trading platform information display (see Table 1), in January 4, 2011, Haixin shares occurred a large paction, both buyers and sellers are Ping An Asset Management Co, the paction price is 6.67 yuan / share, compared with the closing price of the stock at the closing price of 0.74%, the number of pactions is as high as 12 million shares; in January 5th, the Asset Management Co once again traded 17 million shares at the price of 7.24 yuan / share; in January 6th, 1 million 500 thousand shares were traded at 8.13 yuan / share price.

In other words, within three days, Ping An Asset Management Co's account traded Haixin shares through the bulk trading platform, and the total number of shares was 30 million 500 thousand shares. The total turnover was about 215 million 300 thousand yuan.

Transaction date, paction price, paction volume (10000 yuan) volume (*) buy business department to sell business department is special.

2011-01-06 8.13 1219.5150 Ping An Asset Management Co Ping An Asset Management Co no

2011-01-05 7.24123081700 Ping An Asset Management Co Ping An Asset Management Co no

2011-01-04 6.6780041200 Ping An Asset Management Co Ping An Asset Management Co no

Table 1: Shanghai Stock Exchange block trading platform Haixin share trading information

According to the first quarter report of Haixin shares, Ping An Asset Management Co's three accounts became the top ten tradable shareholders of the company (table two).

Numbered shareholder name shares (shares) shareholding ratio shares nature

1 Shanghai Songjiang Dongjing Industrial Company 906138197.507% circulation A shares

2 Shen Hai limited 554889164.597% circulation B shares

3 Shanghai toys import and Export Co., Ltd. 500500004.146% circulation A shares

4 Shanghai New Union (Group) Co., Ltd. 248920462.062% circulation A shares

5 China Ping An Life Insurance Limited by Share Ltd - traditional - General insurance products 164862981.365% circulation A shares

6 China Ping An Life Insurance Limited by Share Ltd - dividend - group insurance dividend 69999450.579% circulation A shares

7 UOB KAY HIAN (HONG KONG) LIMITED 63675000.527% circulation B shares

8 China Ping An Life Insurance Limited by Share Ltd - investment linked - a risk investment even 59999570.497% circulation A shares

9 Li Ge 55400000.459% circulation B shares

10 Yu Li Development Co., Ltd. 45838000.379% circulation B shares

Table two: Haixin shares at the end of the first quarter of the ten major shareholders of circulation deadline: 2011, 03, 31

The reporter called the Ping An Asset Management Co marketing department to verify the matter. The relevant personnel said on the phone, "I was also the first to hear about what was investigated, and I didn't know the specific circumstances."

Haixin shares cause trouble

The situation of Ping an asset management has been analyzed.

"The possibility of asset allocation adjustment with an insurance internal investment portfolio" is analyzed by insiders. "Of course, it is not possible to completely exclude the possibility of affecting the stock price."

It is worth noting that in January 4, 2011, Ping an asset management carried out a lot of buying and selling of Haixin shares. On the same day, Ping An Securities Research Institute just released a research report on Haixin shares, and recommended the ADPC phase II completion of Haixin shares in the field of biomedicine as the main reason for recommendation.

The research report, issued by Lingjun Securities Institute, Lingjun, entitled "the therapeutic value of rectal cancer vaccine (APDC) is highlighted, and the share price is underestimated at least 50%", gives Haixin shares "recommended" rating.

Institutional investment links with Lingjun to understand the situation.

The reply is, "the situation is not very clear now".

On the one hand, Ping An Asset Management Co carried out continuous reverse operation after ambush in advance; on the other hand, Ping An Securities issued the recommendation Research Report - Ping An Securities and ping an information management were all affiliated to Ping An group.

Although the authors of the research report emphasized the independence of the research report afterwards, however, the stock price volatility arising from the Research Report and the correlation between Ping An Asset Management Co and the relevant brokerages were always difficult to convince the skeptics.

Coupled with too many coincidence on the time point, the market began to question Ping An management "buy first and push back".

In January 7, 2011, Haixin shares issued a notice on the Shanghai Stock Exchange: on January 4, 2011, 5, and 6, Shanghai's Haixin Group Limited by Share Ltd's A shares and B-share stocks rose for 20% consecutive days on three consecutive trading days, which was an abnormal fluctuation in stock trading.

According to the shareholding changes of Haixin's ten largest circulation shareholders in 2010, the media concluded that the 12 million shares held by Ping An Asset Management Co were basically bought in the fourth quarter of 2010.

It is worth noting that recently Haixin shares issued "investment risk warnings" on the progress of the project "antigen sensitized human dendritic cells (APDC)" being developed.

Notice: the company is actively striving for phase III clinical approval of the APDC project, but it is hard to predict when it will be approved.

It is also said that if phase III clinical approval is obtained, it is expected that the phase III clinical trial will take more than three years. After obtaining official approval from the relevant government departments, it will enter the commercialization stage.

Haixin shares warned that the project was uncertain in obtaining relevant approvals and progress.

In the background, the recommendation of Ping An Securities Research Institute seems to hide some connection with a series of operations of Ping an information management.

As for Ping An Asset Management Co's behavior of buying and selling a variety of accounts at the same time, the general manager of an insurance Asset Management Co portfolio management department thinks: "the total amount of stocks held by Ping Zhi management is relatively large, and it is not surprising to take a variety of accounts together with multiple accounts, because the investment decisions of insurance companies are relatively consistent."

"The key lies in whether there are any irregularities in the operation process."

The general manager added.

In addition to Ping Ping management, Ping An Securities Research Institute has also been investigated by regulators?

"They are very sensitive now. They will not be interviewed."

Relevant personage reminds.

Shadow after full license plate

Another widely watched report is also related to Ping An Securities.

From last year to May 31st this year, in the 54 companies sponsored by Ping An Securities, its Research Institute issued 85 research reports and pushed 27 companies, 10 of which died in the 21st century (300050).

Although brokerage research departments have said that as long as the firewall is well done, there will be no suspicion that the company recommends its own sponsor company.

But such frequent and intensive performance inevitably leads to various external doubts.

In recent years, Ping An Securities frequently caused trouble.

Previously, the Shengjing mountain river incident and the Baoan Graphite Deposit incident in China were pushed to the cusp of the storm, which was questioned about the gray interest chain of the sponsor business and the "water injection" of the research report.

After the establishment of the safe Dahua fund, Ping An Group has become a full licensed financial giant with insurance, banking, securities, trust, asset management and funds.

The vision of Ping An Group is to realize the three dimensional and balanced development of insurance, banking and investment business in ten years.

Undoubtedly, investment business occupies an important position in the development strategy of Ping'an.

However, Haixin shares have left many thoughts to people.

For example, how to realize the standardized management of affiliated enterprises in building a comprehensive financial services group?

Ping An Asset Management Co, Ping An Trust, Ping An Securities, Ping An Dahua fund business involve two level market. How can we avoid the suspicion of the melon field under the circumstance of mutual benefit?

In the field of insurance information management, in recent years, with the expansion of the scale of insurance industry assets, the impact of insurance Asset Management Co on the capital market is increasingly strong.

However, insurance Asset Management Co still focus on asset liability management within the group. Compared with other institutional investors such as public funds, its investment and operation behavior is still relatively mysterious.

It is this mystery that makes other investors in the capital market more suspicious.