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In Depth: Downfall of Everbright Securities’ Top Brass Reveals Legacy of Cronyism and Corruption

By Wang Juanjuan, Liu Ran and Tang Ziyi
2022年05月16日 12:46
Six board members and high-level executives at the brokerage have been dressed down for misconduct under the leadership of recently resigned Chairman Yan Jun
Zhao Ling, an executive vice president of China Everbright Bank, is expected to take over as Everbright Securities’ chairman. Photo: VCG

Top leaders at state-owned Everbright Securities Co. Ltd. (601788.SH) have stepped down on suspicion of misconduct, shedding light on the chaos within the scandal-ridden brokerage’s management.

Yan Jun, chairman of Everbright Securities, and Liu Jiping, chairman of its supervisory committee, each submitted a letter of resignation, according to a statement that the brokerage filed to the Shanghai Stock Exchange on April 20.

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