At the beginning, Qiao Shan's article did not attract the attention of the editors of Sohu Finance website.

This is not surprising, the content of his manuscript is actually not convincing, and the editor mainly sees that the title is shocking and eye-catching, so he sends it out.

It's no wonder that others, in today's securities industry, brokerages embezzle customer deposits in an endless stream, but there are very few that are really found out, and the evidence provided by Peking University Qiao Shan looks very child's play.

The reason inside is very simple, the brokerage entrusted wealth management business does not need to be disclosed to the outside world, and the funds do not need to go through the third-party depository, there are many loopholes to be exploited, and it is easy to guard and steal at the same time, it is difficult for outsiders to find conclusive evidence.

When I saw this submission, Sohu's financial editor was very disdainful.

The problem can be found out only by a public financial report, and the amount is so huge, 19 billion, why don't you just write 19 billion, really when a large number of financial and accounting personnel under the brokerage are eating dry food?

Those are the masters who deal with data all year round, how can people easily catch the mistakes, if they really make such a low-level mistake, the job will be smashed eight times.

That's probably the opinion of most people, because no brokerage firm is so stupid that people can find problems in their financial reports.

But things are so evil, there is indeed a loophole in the financial report of Southern Securities, and this loophole is enough to be fatal.

……

Things are beyond everyone's expectations, this financial news of Peking University Qiaoshan is on fire, and it is a fire, and the most important thing is that the way it is on fire is very weird, which makes people cry and laugh.

When the news first came out, it did not attract the attention of relevant professionals, but was discovered by many retail investors in the stock market, and scolded this inconspicuous financial news as hot news.

It is no wonder that in the current stock market, there may not be any people who love Chen Qiaoshan, but there are many people who hate him.

In the last two trading days before the National Day, because of the bombardment of Beida Qiaoshan, many small and medium-sized retail investors who held shares in Tunhe fled one after another.

These people were glad that they were able to escape this catastrophe, but after the November Golden Week, the situation changed abruptly.

Stimulated by the positive rotation of the Delong system, the old three shares came to several price limits after the holiday, not only making up for the falls, but also rising a lot.

Those shareholders who cut their meat and left the market undoubtedly suffered a big loss, and lost a lot inside and out, and the original happiness turned into resentment.

Since that day, the Internet has been full of scolding Beida Qiaoshan.

After half a month, the matter has almost subsided, who knows that he switched from Sina to Sohu Finance again, this is not looking for scolding, and it is too hateful.

It didn't take much effort, and similar comments appeared on major financial websites and BBS forums: Peking University Qiaoshan has emerged again, in Sohu Finance, brothers, go and watch!

In this era of the beginning of the Internet, many people will inevitably go hunting, although many people don't know why, but there are not a few people who join in the fun in the past, so the news spread like a plague, and there are more and more people watching Beida Qiaoshan and coaxing.

In fact, there are not many shareholders who really lose money on the old three shares, but the matter has gone wrong, causing many shareholders to hate the same enemy.

In the background of Sohu.com, it was a little strange to be kicked by migrant workers, just watching the monitoring curve of PV, UV and IP on the screen jump sharply.

The staff thought that there was something wrong with the software, and debugged it, but it turned out that there was no problem at all.

In the field of the Internet, the audience of financial news is relatively single, far from being comparable to current political hotspots and entertainment news.

But today's events are a bit strange, and the sudden increase in traffic is directed to the finance page, which is a bit unexpected.

By the time the matter was fed back to the financial editor, the matter was already well known, the problem was easy to investigate, and all the new visits were concentrated on the news of Peking University Qiaoshan on the financial page, and the following comments had been scolded.

Peking University Qiao Shan finally walked into the field of vision of Chen Jie, editor-in-chief of Sohu Finance, and Fang Gang, director of Sohu Finance in a strange way.

What the two didn't know was that this incident also indirectly contributed to the long-term cooperation between Chen Qiaoshan and Sohu Finance in the future, of course, these are all later words.

……

The number of website users has skyrocketed, and Sohu Finance is also happy to add fuel to the fire, and specially found out the articles posted by Qiao Shan of Peking University before, and got together to make a special topic, which was hung on the special position of the financial channel.

Not to mention, the effect is not bad, the number of single page views is about to catch up with the news of Shenzhou 5 flying a few days ago, after all, this is exclusive, there are no major portals to divert traffic, and the effect is naturally immediate.

The scolding here is lively, in the end it has attracted the attention of professionals, not to mention anything else, the authenticity of this news content is easy to judge.

The financial report of Southern Securities is easy to find, and the transaction capital settlement formula is a matter of eating for professional accountants, and it is only a matter of a few minutes to calculate clearly.

Soon, someone came to the same result, Southern Securities was indeed suspected of misappropriating 1.9 billion customer deposits, and the evidence was conclusive.

Unless Southern Securities admits to financial report fraud, it is really difficult to clear the suspicion, but it is really difficult to judge which of these two crimes is more serious.

They immediately realized that Beida Qiao Shan had really pierced the powder keg this time.

It may be an exaggeration to conclude that Southern Securities is bankrupt now, but the problem is indeed very serious, and this basket is definitely not small.

Before noon, the news spread in a small area of the industry.

Soon, Sohu Finance also received the news, and immediately released the latest news on the front page: "Southern Securities embezzled 1.9 billion yuan of customer deposits"

Of course, Sohu didn't forget to bring the name of Peking University Qiaoshan, after all, the evidence was found by him, and his shadow was naturally indispensable in the news.

Immediately afterwards, Sina Finance, NetEase Finance, Tom, and QQ rushed to reprint, and the news finally detonated in the financial circle in a peculiar way.

Among them, the editor-in-chief of Sina Finance has the most complicated feelings, and he personally killed this manuscript.

The reason is very simple, the senior management of the website said hello privately, and Delong Group promised to increase the advertising efforts of its subsidiaries on Sina.com, and the purpose is self-evident.

Relatively speaking, the editor-in-chief of Sina Finance is undoubtedly lucky, and now the most headache is not his turn, and the first place is the senior management of Southern Securities, followed by the China Securities Regulatory Commission.

The relationship between China Southern Securities and the China Securities Regulatory Commission is extraordinary, which is no secret in the domestic securities market.

At the beginning of its establishment, the China Securities Regulatory Commission lived together in the office building of Southern Securities in Yanjing for more than three years, until the office building of Yanjing Financial Street was completed, and the two were separated, which can be regarded as a deep relationship.

……

To tell the truth, many people in the financial industry have mixed feelings, Southern Securities actually made such a low-level mistake, the key is still a fatal problem, fake accounts will not be done, it is really sad and lamentable.

What's even more bizarre is that none of the financial professionals noticed it, and finally let an unknown junior poke it out.

This result is undoubtedly very emotional, and after the emotion, I just watched from the sidelines and waited for the follow-up development of things.

Misappropriation of customer deposits is an extremely serious violation, and even if the supervision is not strict, it is also a problem that cannot be ignored.

The margin involves many enterprises and many ordinary people, and once it is detonated, it is easy to cause a mass incident.

The news was exposed, which naturally attracted the attention of the relevant regulatory departments, and there were those who were annoyed, but more of them still felt that their faces were gloomy.

Southern Securities didn't even erase the financial report, the most outrageous thing is that no one found the problem, so it was made public, isn't this a slap in the face in public, so how can a group of leaders deal with themselves?

And the center of the whirlpool, the senior management of Southern Securities, will also be gloomy, but it is also at a loss.

The crisis of Southern Securities has existed for a long time, and the problem did not appear in a day or two, and it has long been difficult to return.

The development of the domestic securities market is seriously lagging behind, and financial supervision has not kept up with the pace.

The business scope of securities companies is very wide, not only underwriting securities business, some of them have started real estate, dumping land, and even more, they have wantonly bought and sold and started industrial business, and some brokerages have simply sat in the bank to manipulate the stock market, and as for speculating in foreign exchange and engaging in insider trading, these are all perfectly normal things.

The chaos in the securities industry is difficult for ordinary people to imagine.

Of course, direct investment by brokerages is very common in the world, but it is subject to strict financial supervision, and domestic brokerages are naturally not among them, most of them are barbaric expansion, and the outcome is naturally doomed.

Southern Securities is one of them, first bought land to speculate in the house, known as the circle of land more than a county, but unfortunately the property market is bleak, and the bottom is lost.

In 2000, the China Securities Regulatory Commission (CSRC) ordered that brokerages must divest their non-securities businesses.

Southern Securities finally took the opportunity to get rid of the burden of the rotten entity business and was ready to throw off its arms and do a big job.

They first raised a large amount of funds by means of guaranteeing principal and interest, thinking that they could make a lot of money in the stock market, but unfortunately the 519 market in 99 years lasted for two years, followed by a long bear market, and Southern Securities suffered heavy losses again.

Kan Zhidong, the head of Southern Securities, has a very complicated mood, and there is no doubt that he knows very well that he is bound to become the role of the top cylinder this time.

Kan Zhidong stood in front of the window of the office of the headquarters building, ignoring the ringing of the telephone on the desk, and stared at the sculpture of the bull and bear in the square downstairs, with mixed feelings in his heart.

It's all to blame for this sluggish market, otherwise he would have to fight, but he smiled wryly in an instant, and it would be a bit ridiculous to say this now.

Kan Zhidong was only ordered to take over the turbulent Southern Securities in the middle of last year, but who knew that what he got was a mess at all.

Southern Securities is burdened with huge financial losses, liabilities have far exceeded the total value of assets, the company not only has to bear more than 200 million yuan of high interest per month, but also responsible for the high wages of 3,000 employees.

In 03, the average salary of Yanjing was just over 2000, but the minimum wage of Southern Securities was 8000, and the average salary was more than 10,000, which was a huge funding gap.

Kan Zhidong regretted it very much in his heart, he was really obsessed with last year, why did he wade into this muddy water!