Securities Division Risks Ping An Reputation
Executive flight and the bitter aftertaste of a fraud probe are challenges facing Ping An Securities that may have significantly damaged the good name of its parent, Ping An Insurance Group.
Even while the securities firm celebrated its 20th anniversary in August, a management shake-up was under way led by the departure of Gong Handing, the investment banking chief who took a new job at Chinalion Securities.
Ping An Securities President Xue Rongnian told Caixin that Gong, after 11 years with the firm, had personally decided to leave for the smaller, less prestigious Chinalion.
- Central Bank Cuts Benchmark Lending Rate
- A Passage to India
- Hike in Train Ticket Prices This Year 'Unlikely After All'
- Graphics: Sino-Australian Trade Deal
- Another Hebei Official Is Targeted by Corruption Investigators
- Closer Look: Gov't Wants Proactive Tax Policies, but Ends Up with a Problem
- China-U.S. Investment Treaty Would Strengthen Economic Relations
- Top Prosecutor's Office Plans New Body to Better Fight Corruption
- Exercise Caution
- Book: Living Karma: The Religious Practices of Ouyi Zhixu
- Sign up to receive our free daily newsletter
- The Low Official Found with Towering Pile of Cash, Gold and Properties
- At Factory Waste Ponds, Fumes Choke Fantasies
- Some Shanghai FTZ Reform Ideas Introduced to Rest of Country
- Closer Look: Why Shanghai-Hong Kong Stock Connect Was One-Way Road
- Graft Busters Find another Cash Pile, but Family Denies Corruption
- Gov't Gives Academics Failing Grade for Fraud in Research Funding
- Canceled Mexican Rail Contract Gives Chinese Firms Chance to Reflect
- Justin Lin Ignores Population Factor with Growth Predictions
- Sixth NEA Official This Year Is Investigated for Corruption
- Civilized Liberties: What Matters in Preparing Gifts?