China Gold Securities Chairman Loeb Investigation

Securities Times reporter Yu Tao, the state gold securities today announced that the company chairman of the Bank for personal reasons is being investigated, currently by Vice Chairman Wang Jinyong acting as chairman of the board.　　Leibo became the second brokerage executive to be surveyed recently after the Galaxy Securities chief Xiaoxing. National Gold Securities said that at present the company's staff, customer stability, the business operation is normal. But market participants believe that the investigation is not a simple personal reason.　　Recently, Galaxy Securities President Xiaoxing by the Public security organs in criminal detention, causing a great sensation in the industry, the case was identified as the joining case of the continuation. Earlier, hit's former vice chairman of the Securities and Futures Commission joining arrested case is still not in session. June 8, 2008, joining was "double gauge" at the deputy Governor of the National Development Bank. In early February this year, joining was expelled from the party, expelled from public office and transferred to the judiciary for legal treatment. It is understood that joining from 1995 to 1999 when the SFC, has been in charge of the listing department. Since then, although it has been transferred from the SFC, but has been very influential in the securities market. Xiaoxing is considered to be closely related to Wangyi. His resume shows that in 2001, Xiaoxing served as the party secretary of the Orient Securities, chairman and general manager.　　2004 years after the return of the SFC, has served as a listed company Supervision Department deputy director, the Share reform Office Deputy Director, the listed company Supervision Department deputy Director (is the bureau level). The investigation of the joining has undoubtedly added more mysteries to the case. Public information shows that the 1958-born of the Loeb, has served as China Futures Association (CHIP), the Chinese Securities Regulatory Commission cadres, Huaxin Securities general Manager, Chung Jin Industrial (Group) Co., Ltd. President, chairman of the National Gold Securities and other positions. During the period of the SFC, Mr Loeb was the Secretary of the Vice-Chairman of the SFC, joining, and was later conferred as a legal representative of the Chung Jin Corporation. Last May, Chung Jin Department of the actual control of conferred suicide, June joining was "double regulation", as the two have a close relationship between the waves have been in the whirlpool of public opinion.