Cinda Securities Suspends Research Head After Sexual Assault Allegations
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Zuo Qianming
Shanghai-listed Cinda Securities Co. Ltd. (601059.SH) has suspended the head of its research department after a female employee publicly accused him of sexual assault.
Tang Chanyu, a researcher at the firm, said in a message posted online and addressed to colleagues that Zuo Qianming, the department’s director, assaulted her on Tuesday evening during a business trip to Shanghai. She alleged that Zuo inappropriately touched her in a car on the way back to the hotel and later forced her into a taxi after she refused to go to his hotel room.
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- Cinda Securities suspended research head Zuo Qianming after employee Tang Chanyu accused him of sexual assault during a business trip.
- Tang reported the incident to police and refused a private settlement; Zuo has been criminally detained, and the case is under investigation.
- The incident occurs as Cinda Securities is set to be absorbed into China International Capital Corp. amid industry consolidation.
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Who’s Who
- Cinda Securities Co. Ltd.
- Cinda Securities Co. Ltd. (601059.SH), a Shanghai-listed company, recently suspended its research department head, Zuo Qianming, following a sexual assault accusation by researcher Tang Chanyu. The company is conducting an internal review and cooperating with authorities. This incident occurs as the state-backed brokerage prepares to be absorbed by China International Capital Corp. as part of an industry-wide consolidation.
- China International Capital Corp.
- China International Capital Corp. (CICC) is set to absorb Cinda Securities Co. Ltd. This is part of a broader industry consolidation plan. The article does not provide further details about China International Capital Corp. beyond its role in this absorption.
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What Happened When
- Evening, March 24, 2026：
- Tang Chanyu alleged that Zuo Qianming assaulted her during a business trip in Shanghai.
- After March 24, 2026：
- Tang Chanyu reported the incident to police.
- March 25, 2026：
- Cinda Securities suspended Zuo Qianming, launched an internal review, and announced cooperation with authorities.
- Late March 25, 2026：
- Shanghai police announced that Zuo Qianming had been criminally detained and that the case remains under investigation.
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