What's the matter with the complicated background and being fined 3.5 billion by the China Securities Regulatory Commission?

On March 3th, the CSRC imposed a sky-high fine of 3.47 billion yuan on the veteran of capital operation. Market attention has turned to Xianyan and its company's performance ability. Earlier, a lawyer told the Beijing Youth Daily reporter that it was rare to say whether it was able to pay the fine, in what form, and whether the quota could be completed. The regulator did not disclose the hard and fast rules to the outside world.

fine: the sky-high bill was 3.47 billion yuan

On March 31st, *ST Piconvex had its third consecutive limit. On the evening of March 27th, Peabody issued 17 announcements in succession, handing over the "report card" with a huge loss of 46 million yuan last year, which was the second consecutive year of loss. Tiaopi said that the company's stock was suspended for one day on March 28, and the delisting risk warning was implemented from March 29, which was referred to as "*ST Tiao". A bigger blow comes from the sky-high ticket issued by the CSRC. On the evening of March 3th, the website of CSRC published the China Securities Regulatory Commission's Decision on Administrative Punishment (Xianyan), which announced the details of Xianyan's manipulation of Duolun's shares, officially announced that Xianyan had confiscated 578 million yuan of illegal income and imposed a fine of 2.892 billion yuan, totaling 3.47 billion yuan. He was given a warning and fined 6, yuan for his illegal information disclosure. This sky-high fine is the highest in A shares.

according to the CSRC, Xianyan affected the trading price and volume of "Duolun Shares" by adopting the advantages of centralized capital, shareholding and information for continuous trading, trading between securities accounts under his actual control, and making false declarations, and the illegal gains amounted to 578 million yuan. From January 17, 214 to June 12, 215, the share price of Duolun shares rose by 26.%, while the Shanghai Composite Index rose by 155.29% in the same period. In this case, Xianyan, as the actual controller, chairman and secretary of the board of directors of Duolun, used various means to manipulate the stock price of listed companies, which was particularly bad and seriously disrupted the order of the securities market.

Based on the comprehensive media news, we can find that there is a very complicated background behind the rare words of capital operation experts.

in August p>216, pico announced that it planned to transfer 1% equity of pico financial information service (Shenzhen) company (referred to as pico finance for short) to pico network technology (Shanghai) company controlled by the former actual controller at a price of 1 million yuan. The transfer of Peabody Finance this time is the main carrier of Peabody's farce of "Determined to be the first Internet finance listed company in China". In May 215, Duolun announced that it would transform into Internet finance and set up Proud Finance. In that month, Duolun's shares were renamed Pea. However, according to the disclosure in the annual report, Peak Finance has never carried out actual business. Because of this equity transfer, Pipipi's transformation strategy has become a farce; Many media confirmed that the "protagonist" of the farce made a huge profit of 578 million yuan through a series of buying and selling.

according to public information, Xianyan, a college graduate from Xiangyang, Hubei Province, was once the head of Beijing Tianyi Law Firm. In 212, he acquired Duolun shares (now outstanding) and began to emerge in the capital market. In 212, he invested in Kairuide and began to acquire Huiqiu Technology in April 216.

strength: there are more than 2 companies under it

based on the published information, more than 2 "Cosway Department" member enterprises have been formed around Cosway Group. As for whether we can afford to pay the fine, it is still unknown to the outside world. These enterprises include Beijing Cosway Asset Management Co., Ltd., Shanghai Cosway Equity Investment Fund Management Co., Ltd., Shenzhen Cosway Fund Management Co., Ltd., Shenzhen Cosway Financial Information Service Co., Ltd., Shenzhen Cosway Big Data Co., Ltd., Shenzhen Cosway Network Technology Co., Ltd., Chengdu Cosway Business Information Consulting Co., Ltd., Wuhan Cosway Intelligent Technology Co., Ltd., Hubei Cosway Data Technology Co., Ltd., Hubei Jingjiu Investment Co., Ltd.

Among them, Chengdu Wan Tai invested 45 million yuan to become one of the important shareholders of Jingmen Hantong Real Estate Co., Ltd. (hereinafter referred to as Jingmen Hantong) together with Shenzhen Kesaiwei Financial Information Service Co., Ltd. (hereinafter referred to as Kesaiwei Finance) under Xianyan's control, and invested abroad to establish Jingmen Handa Industrial Co., Ltd. and Hubei Hanjia Real Estate Co., Ltd., which is one of the most important core assets publicly disclosed by Xianyan's Kesaiwei Group at present.

According to the data, the registered capital of Jingmen Hantong is 25 million yuan, and the proportion of shares held by Tiaopi in Jingmen Hantong is 42%, that of Shenzhen Cosway Financial Information Service Co., Ltd. is 4%, and that of Chengdu Wan Tai Real Estate Co., Ltd. is 18%. The reporter of Beiqing Daily noticed that as of March 27, the industrial and commercial information of "Tianyancha" showed that the legal representative of Jingmen Hantong was still the former actual controller and former chairman.

in view of the mysterious capital behind Xianyan, the media found through layer-by-layer investigation that as early as 28, Chengdu Xuyang, with the background of American capital of Taiwanese businessmen, started capital operation; Since then, the Jingjiu series has gradually transferred to Cosway Group, and the original accumulation of Xianyan and its mysterious power has been quietly completed. The media also found that Xianyan and the fresh chestnut and courage behind him, as well as Rao Shuangquan, Rao Yuxiu, Li Yan, Wang Qinghua and other core members are all from Dongbao District, Jingmen City, Hubei Province.

speculation: it is unlikely to fulfill the fine

Some people in the CSRC said that Xianyan gave up the hearing, administrative reconsideration and administrative litigation, and submitted materials such as Xianyan's Statement on Giving Up the Right to Administrative Litigation, Application for Legal Surrender and Commitment to Actively Pay the Fine to the CSRC. It is reported that Xianyan also told the relevant staff of the CSRC that he pleaded guilty, admitted punishment and did not make any defense. At present, he is liquidating the company's equity and waiting for punishment. According to the regulations, Xianyan can bring an administrative lawsuit against the CSRC within six months after receiving the administrative penalty.

However, it is said that the current market value of the Pea, which was previously controlled, is about 2.7 billion yuan, and the market value of ST Huiqiu, which is in a suspended state, is only 4.7 billion yuan. Earlier, in interviews with many companies such as Jingmen Hantong controlled by Xianyan, the media learned that Xianyan had not been in the company for a long time, and the phone was not answered, and it was difficult for the company to find him. Judging from the current public news, Xianyan may still be in China.

people in the legal profession said, "A fine of 3.47 billion yuan is not a small sum. If it is said that it is unable to pay in full, it can only be suspended after paying the existing fine. Continue to perform after being able to perform. However, before continuing to implement it, a' restriction on high consumption order' will be implemented for Xianyan. "

according to article 3 of China's regulations on restricting the high consumption and related consumption of the person subjected to execution, if the person subjected to execution is a natural person, he/she shall not engage in the following high consumption and consumption behaviors that are not necessary for life and work after taking the consumption restriction measures: including choosing a second-class or above cabin of an airplane, a train or a ship; High consumption in hotels, hotels, nightclubs, golf courses and other places above the star level; Purchase real estate or build, expand or decorate high-grade houses; Rent high-end office buildings, hotels, apartments and other places to work; Purchase non-operational vehicles; Travel, vacation; Children attend high-fee private schools; Pay high premiums to buy insurance wealth management products; Take all seats of G-prefix EMU trains, first-class or above seats of other EMU trains and other consumption behaviors that are not necessary for life and work.

Earlier, some media speculated that Xianyan should not be able to fulfill this huge fine, and it is more likely that he will be executed with the "Restricting High Consumption Order". ?