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"High Profile" CEO Of China Brokerage "Disappears": "Company Says Can't Find Him"
On Sunday evening, George Chen delivered what, for those who follow financial markets, surely was a candidate for Tweet of the day:
BREAKING: Chairman of Guotai Junan Int'l, 1 of China' largest brokerages, is "missing"; company said can't find him pic.twitter.com/wDD7VEM447
— George Chen (@george_chen) November 23, 2015
Yes, "company said can't find him," and given China's recent "crackdown" on anyone suspected of engaging in activities that might send stocks lower, you know what that means:
As we outlined in September, Beijing's "kill the chicken to scare the monkey" campaign has brokers, hedgies, and even securities regulators so terrified, that one money manager said the following to his friend after being "summoned" by Chinese authorities: "If I don't come back, look after my wife."
Earlier this month, WSJ took a look at China's case against Xu Xiang, who runs Shanghai-based Zexi Investment. Xu is accused of insider trading and stock manipulation and not only did Beijing detain him, they also froze his parents' accounts. "After Xu Xiang was arrested, many people got nervous,” one fund manager told The Journal. "I don’t want to get arrested,” said another.
Around the same time the media picked up on the Xu story, another CSRC official was arrested in China. Yao Gang, vice chairman of the securities regulator, is now under investigation for graft, Reuters reported a little over a week ago, noting that Yao is the second official from the capital markets watchdog to come under scrutiny.
This is the backdrop against which Guotai's Chairman and CEO Yim Fung went "missing" on November 18.

Guotai was forced to find temporary replacements for Yim as "the executive currently cannot discharge his duties." Calls to Yim’s cell went to his voicemail box.
Guotai Junan International Holdings Ltd. shares fell double digits in Hong Kong to close at HK$2.85 on Monday. It was the steepest slide in three months.
As Bloomberg reports, "Hong Kong-based, Yim has a high profile in the local securities industry, including through his comments to the media and as chairman and then honorary chairman of the Chinese Securities Association of Hong Kong. In China, Yim is known as Yan Feng."
Well as it turns out, Yim and Yan and any other aliases were "taken away" in connection with the investigation into the above mentioned Yao Gang.
So apparently, China is going to assert that corrupt officials at the securities watchdog may have been working with Guotai's CEO to manipulate stocks. Or at least that's the way this looks.
For now, Yim has been replaced by deputy CEO Wong Tung Ching, which would be fine we suppose were it not for the fact that last December, Hong Kong anti-corruption officials stormed his home in connection with an ICAC investigation. In other words, we wouldn't be surprised if Guotai soon finds its deputy CEO "missing" as well.

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That is a much nicer way to deal with a bankster than nail gunning the guy.
… "High Profile" CEO Disappears
Look up! He is stapled to the ceiling in his office! ;-)
Looney
Times like this I envy the Chinese. Imagine if we had a non bankster controlled government in the USSA We could make GS, JP Morgan, Federal Reserve etc etc exec's disappear. The world would even feel better without them.
...He's in America...announced this a.m. ...working for GS
Gon So Fa
(son of Di Sa Pi)
And like that...poof...he's gone.
check the organ transplant unit at the Mass General hospital...
I would start with searching for homes sold in San Marino California in the last 7 days in excess of 10 million. There's probably a 20 million dollar yacht approaching Midway Islands at this point with this dude and a collection of others who won't make the news.
Yim Fung/Yan Feng...
Shark doo-doo.
I sure as hell wouldn't want to be Wong Tung Ching!
Nailgunned
Vacationing in Bankok
Ya GS took one look at how corrupt he was and hired him right away.
i just saw him dropping his kid off at my son's elementary school in Orange County...
Irvine, Laguna Niguel, and son on are loaded with these "disappeared bankers and gubmint officials" I suspect.
Congress or Cali should at least tax their Millions of Loot when it's transferred here. Call it the "Money Laundering Fair and Balanced Tax Appropriation Act."
I'm afraid it could have been his manservant in the top-of-the-line Mercedes you saw. He would never drive, let alone in a "low-class" car like that.
Burrish!
Yep, another Chineese trader "taught" not to sell by the Chicom's. I wonder if his family will get a bill for the bullet they put in his head ?
At lesat in the at corrupt country, they arrest the corrupt bankers/regulators.
deputy CEO Wong Tung Ching ?? we used to call him cha
Tung Ching Wong?
He probably nail-gunned himself three times in the head.
He's probably in one of his 400 money laundering apartments scattered throughout New York, San Francisco, Vancouver or Hawaii.
so that's what a chinese laundry is...
He must have forgotten the rule: you can buy as many stocks as you like, but you can never sell them.
Staying at the Hoter Carifolnia.
The Chinese market doesn't have Liquidity problems. Rouge short traders are easiliy liquidated.
Did anyone check Vancouver?
I'm in Vancouver now...I don't see him yet...I'll ask around at the Benz dealer near the airport.
some only got half the message
you take the money then you GET THE FUCK OUT OF DODGE.
The first arrow they shot at him was 3 inches too high.
"... check the tiger's stool ..."
Mr. Yim is currently enjoying his trip to Belize.
He is in his 50 million dollar penthouse in New York City..enjoying the good life and ordering take out Pizza...enjoying his stolen money...
Vancouver, B.C.
Laguna Niguel.
I'll narrow that down to Sea Island.
Definitely not in China.
fertilizer
He's with Jimmy Hoffa.
swimming with the fishes
Maybe he decided to disappear himself. It's not too hard to melt into the crowd when you look the same as the other 1.39999B people around you.
Ingredients: Melamine, Vitamin D3
He's really fine, they found a nice farm with lots of animals, and plenty of space for him to run around on and be happy.
He's staying at the Jimmy Hoffa Hotel.....
Pretty sure that's Phuc Dat Bich's dad.
Wall Street could use some of this Chinese style 'discipline'.
I bet he is hiding in Brussel.
He's probably here in Cupertino or Millbrae, CA.
He's in feckin' Chinatown NYC wearing a waiter's apron. Definitely has a Chase JPM card though.
Piss off the wrong guy over there and you are done. Better have a plan B and be ready to use it at all times.
Hory clap. I knew my blocorri beef taste diffelent. Damn you Mongorians.
Rooks rike no mole shitty wok fol me
You always lose when the ZERO comes up at the Casino.
Is the wheel now algoed?
I wonder if this is the pork's head at the chinese Bullingdon club :
http://uk.businessinsider.com/baml-on-2016-chinese-yuan-devaluation-2015-11
Check the Wood Chipper...
Peoples China Daily 11-23-2015: 'On a lighter note, Politburo Chief Mr Ho Lee Fuk, underwent a successful kidney transplant last night. Although Mr Ho and Mr Yim share the exact blood type, there is no relations between the two men.'