Xu Xiang
Xu Xiang
Xu Xiang, born in 1978, is known as the leader of "Ningbo trading board dare to die team" and "private equity brother". From the business department to the public offering of sunshine private placement products, Xu Xiang has always been mysterious while creating one capital market miracle after another. He was the legal representative and general manager of Shanghai Zexi Investment Management Co., Ltd. Xu Xiang is the most concerned and mysterious private equity person in China. He never speaks in public, rarely gives interviews to the media, and is not allowed to take photos.
On November 1, 2015, he was suspected of breaking the law and committing a crime, and was taken criminal coercive measures by the public security organ according to law. On April 29, 2016, it was learned from Qingdao public security organ that Xu Xiang, the legal representative and general manager of Zexi Investment Management Co., Ltd., and others were suspected of manipulating the securities market and insider trading crimes and were recently approved for arrest according to law. On December 5, 2016, Xu Xiang and others were suspected of manipulating the securities market. On January 23, 2017, the Qingdao intermediate people's court handed down the first instance verdict on the case of the defendants Xu Xiang, Wang Wei and Zhu Yong manipulating the securities market. The defendant Xu Xiang committed the crime of manipulating the securities market and was sentenced to five years and six months' imprisonment and a fine. On the morning of August 29, the Shanghai Huangpu District People's court will hear Ying Ying v. Xu Xiang's divorce dispute in Qingdao prison of Shandong Province in private.
Character experience
In 1978, Xu Xiang was born in an ordinary family; in 1993, he entered the market with tens of thousands of yuan from his family. At the age of 18, he gave up the college entrance examination and concentrated on investing in the stock market. In the late 1990s, Xu Xiang and several friends who are good at short-term trading were named "Ningbo daily limit daredevil team" by the market. The stocks selected by the "daredevil team" have a strong investment style. They have entered and gone up and down in a big way. This group of people with Galaxy Securities Ningbo Jiefang South Road business department as the core, members of about 20 people. Over the next 20 years, through excellent performance, it gradually conquered investors in Zhejiang, Shanghai and even the whole country.
In 2005, Xu Xiang moved from Ningbo to Shanghai, and experienced a big bull market of a shares from 2007 to 2008. On December 7, 2009, Xu Xiang established Zexi Investment Management Co., Ltd. in Shanghai, with a registered paid in capital of 30 million yuan. Among Chinese historical figures, Xu Xiang worshipped Mao Zedong who founded New China and Emperor Kangxi who led the prosperous Qing Dynasty, so he named the company "Zexi".
Character achievement
Amazing performance
Xu Xiang: the head of Shanghai Zexi Investment Management Co., Ltd., with 16 years of experience in stock investment, has made steady profits in many rounds of bull and bear market tests in the securities market, realized tens of thousands of times growth of personal assets, and constantly changed and improved self investment strategies in the growth. With its "fierce performance, it is difficult to surpass" is considered as the existence of the stock market God.
The products of Zexi investment are mainly stock type trust, which is especially famous for its "bottom hunting" and "fast, firm and accurate" investment style. As one of the largest private equity funds in China, Zexi private equity is famous for its high yield and precise market control ability, and its leader Xu Xiang is a myth in the industry.
According to Zexi investment's official website, the company was established in December 2009 and managed six products, five of which were established between March and July 2010. As of May 9, 2014, the yield was 138.5% - 298.8%. In the meantime, the CSI 300 index fell 34%.
Personal life
Family situation
Wife: Ying Ying
Love and marriage
In 1998, Xu Xiang met Ying Ying. In early 2004, Xu Xiang and Ying Ying were officially married. On March 22, 2019, Xu Xiang's wife Ying Ying submitted an indictment to the court for divorce.
Character evaluation
Diligence and concentration are the most important characteristics of Xu Xiang and the key to his success. In addition, he also spoke rudely,
He is suspicious.
(several investors of Zexi)
Character events
In July 2011, due to the outside rumors that Zexi investment was investigated for violation of regulations, Xu Xiang was interviewed by the securities media for the first time, denying the rumors of illegal operation and being investigated by the regulatory authorities.
In the middle of 2014, the market once said that Xu Xiang had been audited by the CSRC, but Zexi publicly denied the rumors. From the point of view that Ningbo united, a heavy position stock, was named by CSRC, this kind of rumor is obviously not groundless.
In May 2014, Xu Xiang was investigated by the securities regulatory department because he was involved in the restructuring transaction of Oriental zirconium industry reported by the media, and was interviewed by the media again.
On December 19, 2014, Zhang Xiaojun, spokesman of China Securities Regulatory Commission, reported the law enforcement work of 18 stocks involved in market manipulation violations, including zhongkeyun.com, Baiyuan pants, Ningbo united, etc., and said that the suspected institutions and individuals had been put on file for investigation.
Among the 18 companies, Ningbo United is the most eye-catching one. Xu Xiang, a private equity tycoon, holds 15.54 million shares, becoming the second largest circulating shareholder after Zhejiang Rongsheng. At the shareholders' meeting in April 2014, Xu Xiang's Zexi series of trust products once proposed Ningbo to jointly implement high-speed transfer, but it was eventually rejected by the shareholders' meeting. Some market insiders doubt that private equity funds have a certain say because of their large number of shares. The ultimate goal of high delivery is for the smooth delivery after the stock price rises.
Zexi investment explicitly denied the rumors under investigation. Xu Xiang's own response is: "I manage 10 billion plates, but Dongfang zirconium industry only bought 10 million yuan, and use this for insider trading?"
In August 2015, it was rumored to be investigated, mainly related to "stock index futures trading". Because the rumor spread "methodically", there were not only details of the investigation, but also a number of senior officials involved. Zexi investment, a subsidiary of Xu Xiang, issued a clarification notice in a prominent position on its official website, saying: "since its establishment, the company has never opened a stock index futures account or engaged in stock index futures trading." According to the announcement, the right to investigate the legal responsibility of those who make rumors will be reserved.
On November 1, 2015, the public security organ announced that Xu Xiang and others obtained insider information of the stock market through illegal means, engaged in insider trading and manipulated the price of stock trading. Their behaviors were suspected of crimes and were subject to criminal enforcement measures by the public security organ in accordance with the law. Relevant case investigation work is in strict accordance with the law.
According to Shanghai media reports, Zexi investment's Shanghai headquarters has been closed down. In the past, when there were rumors about Zexi investment, it would clarify them on its official website.
In April 2016, it was learned from the Qingdao public security organ that Xu Xiang, the legal representative and general manager of Zexi Investment Management Co., Ltd., and others were suspected of manipulating the securities market and insider trading crimes and were recently approved for arrest in accordance with the law. Cheng Boming, general manager of CITIC Securities Co., Ltd., Liu Jun, executive director of the brokerage business development committee, and Xu Jun, head of the equity investment department, were also arrested in accordance with the law.
The above cases are under further investigation. On November 10, 2016, Qingdao people's Procuratorate of Shandong Province filed a public prosecution against Xu Xiang, the legal representative and general manager of Shanghai Zexi Investment Management Co., Ltd., as well as the chairman and actual controller of relevant listed companies, for suspected manipulation of the securities market.
At 9:00 a.m. on December 5, 2016, the case of Xu Xiang and several other defendants who have attracted the attention of the capital market for the crime of manipulating the securities market will be heard in Qingdao intermediate people's court. It has been more than a year since Xu Xiang was taken away from the Hangzhou Bay Bridge in Ningbo on November 1 last year.
On January 23, 2017, the Qingdao intermediate people's court handed down the first instance verdict on the case of the defendants Xu Xiang, Wang Wei and Zhu Yong manipulating the securities market. The defendant Xu Xiang committed the crime of manipulating the securities market and was sentenced to five years and six months' imprisonment and a fine.
In February 2017, Xu Xiang decided not to appeal against the case of market manipulation. In this case, the illegal income of Xu Xiang, Wang Wei and Zhu Yong totaled 9.3 billion yuan, which was handed over to the State Treasury according to law.
In June 2017, according to the relevant criminal judgment of Qingdao intermediate people's court, combined with the investigation of China Securities Investment Fund Association, all members of the self regulatory commission of China Securities Investment Fund Association voted unanimously and reported to the Council for approval. It was decided to punish Xu Xiang, Xu Jun, Zheng Suzhen, Shanghai Zexi Investment Management Co., Ltd. and Shanghai Zexi Asset Management Co., Ltd Xin (general partnership) took disciplinary action, cancelled the registration of private fund manager, cancelled the membership, blacklisted and denounced three people including Xu Xiang and relevant institutions, and cancelled the fund qualification obtained by Xu Xiang and Zheng Suzhen through identification. After joining the blacklist, relevant institutions shall not re register and relevant personnel shall not work in the fund industry.
Chinese PinYin : Xu Xiang
Xu Xiang
