Southeast financing suspected financial fraud in the New York City retreat

Ding Yuping The Beijing report came to this step, not unexpectedly. NYSE local time August 16 announced, on suspicion of financial fraud in the May 17 suspension of the southeast financing officially pick up the card, August 17 back to the powder market transactions.　　Powder Market (Pink Sheets) is the United States by the private establishment of the National Market Bureau, for unlisted securities to provide transaction pricing services.　　As a domestic influential and well-known financial industry IT Solution service provider, southeast of the customers are the main domestic financial institutions. "The biggest impact of this incident on our banks is that the future of the banking IT system construction model, whether by internal force or external forces mainly?" In the future, we will make an adjustment to reduce the outsourcing model and develop internal force.　　"A joint-stock Commercial Bank IT department head told the newspaper reporter. The above-mentioned joint-stock Commercial Bank is one of the clients of southeast financing.　　According to the head of the IT department said that the southeast financing incident "," the bank immediately lifted the cooperation with Southeast intermediation. To reduce external it dependency there was "the first domestic software company to be listed on the NYSE", which was in the US IPO in 2007, with the underwriters being Goldman Sachs and Deutsche Bank, and the audit company as Deloitte accounting firm. In the past 52 weeks, the southeast has been the highest share price of 42.86 U.S. dollars, its financial fraud incident exposure, the share price from 28 U.S. dollars to the lowest point of 16.7 U.S. dollars.　　As of the suspension, the market value of southeast financing is 1.08 billion U.S. dollars, institutional shareholding ratio of 82%. From the motherboard, the value of the stock almost shrank into a piece of waste paper.　　local time 17th, southeast intermediation to 2.9 U.S. dollars sharply low open, compared to the closing date of 18.93 U.S. dollars less than 84.6%.　　This is only a typical case of the Chinese-funded concept stocks ' crisis of credibility abroad, in fact, this year, dozens of Chinese companies have been suspended or retired from the NYSE under questioning and shorting. The joint-stock Commercial bank Personage said that the southeast financing incident to the domestic bank some IT outsourcing service project has the influence, "the news, basically will not have the bank to sign the new contract with it, but originally some unfinished projects, then continues." For the unfinished project, the bank requires that the southeast intermediation must give a statement, but the other party can not give out. "In the view of the joint-stock commercial banks, the best solution is to either dig up the other's IT team or take over from the new company, retain the technical team and work with it in the name of the new company." "August 18, a state-owned banking science and technology sector, said the reporter," The southeast of the event on the financial customer impact is not fundamental, or even negligible.　　"The bank is also southeast of the customer. The state-owned banker explained that the impact was small because, on the one hand, the current bank's dependence on financial IT outsourcing services companies and the degree of cooperation with the 90 's has been very different, the banks have their own product centers and research and developmentHeart, the majority of products by their own leadership.　　Cooperation is mainly to introduce each other's it human resources, rather than the system solutions. "If a system solution is introduced, it will naturally have a serious impact once there is a problem with the follow-up cooperation," he said. "This person added, on the other hand, the IT financial services provider industry in the domestic has been very fierce competition in the era," We are not only with the southeast cooperation, its share is not much, so an accident, we can immediately turn to other partners. "In fact, the degree of cooperation between domestic commercial banks and external service providers is very different between banks." These joint-stock bankers said that, for example, ICBC, CMB, such as Bank of the IT system construction, basically completely rely on their own to do, but small and medium-sized banks to external dependence more, "this needs to be adjusted, the core it level of the bank's construction in the long run is very important."　　"Southeast of the way out of the road now because of cooperation with financial institutions to suspend the project, the financial fraud exposure of the southeast to become more debt and litigation crisis, to find a suitable buyer, and bear its unknown huge debts, it is not easy." "In fact, southeast intermediation is already a shell company, nothing more than a litigation entity." As far as I know, after one months of financial fraud, because the customer has not paid the following project, the company's human resources have been dissolved, wages are difficult to send out, the internal team has been dispersed.　　"The above-mentioned joint-stock bank personage discloses.　　And close to the southeast of the news reporter revealed to our correspondent, southeast of the contact of the "shell" buyers, including Huawei and headquartered in the United States, a world-class IT service provider Ke Wright Group, but there is no clear intention to acquire, the negotiations appear to be at a standstill.　　Once someone takes over, the other party will undertake all the project accounts receivable and the unfinished contract agreement of southeast financing.　　The source also revealed that for domestic financial IT service providers, the biggest selling point is human resources, namely the core technical team, the second is customer resources, that is, they serve the vast financial institutions. Data show that the southeast intermediation customers are mainly China's leading banks and insurance companies. Southeast and state-owned large bank of China Construction Bank, ABC, BOC have cooperation, and its customers also include most state-owned commercial banks, China Postal Savings Bank, City Commercial Bank and insurance companies. Its customer list also includes China Life, Chinese people's property insurance company, China Ping An, Sinopec, China National Offshore Oil Corporation, State Grid and so on.