Rumor: Xinda Securities Research Institute's Director Zuo Qianming is accused of sexually harassing a subordinate; the company is currently verifying and handling the matter.

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Recently, there have been online rumors and images claiming that Xinda Securities (601059.SH) Research Institute Director Zuo Qianming is involved in sexually harassing female employees. In response, Nandu·Wancai Society reporters attempted to contact Xinda Securities’ Secretary Office. Staff members said, “The company has received relevant information and is verifying and handling it.” Regarding the company’s handling of Zuo Qianming, the staff said, “We have not yet received any work-related updates about him.”

Subsequently, the reporters tried multiple times to call the involved female employee, but as of now, the calls remain unanswered. A colleague of Zuo Qianming told Nandu·Wancai Society, “It’s not convenient to disclose at the moment; everything depends on the police’s statement.”

The reporters also tried to contact the Weifang New Village Police Station of the Pudong Branch of Shanghai Public Security Bureau. Staff there said they would follow up and respond later, but as of now, no reply has been received.

Part of the online rumors

According to online reports, a female employee of Xinda Securities’ Research Institute accused that on the evening of March 24, during a business trip in Shanghai, after a dinner, Zuo Qianming sexually harassed her in the car on the way back to her hotel. The employee then reported the incident to the police. Photos of the alleged police receipt show the report was made around 1 a.m. on March 25.

Public information indicates that Dr. Zuo Qianming graduated from China University of Mining and Technology (Beijing). He previously served as Deputy Director (acting) of the Industry Consulting Department of the China Coal Industry Association, and has been engaged in research and consulting in the coal and energy sectors for over ten years. He joined Xinda Securities in 2016 and has been responsible for the large energy sector research since 2019, leading a team that has received numerous awards. He is known as a “brokerage analyst who has visited mines hundreds of times.”

In July 2025, former Director of Xinda Securities Research Institute, Cheng Yuan, was promoted to Vice General Manager of the company, and the then-Chief of the Energy Industry, Zuo Qianming, was soon appointed as the director.

On the evening of November 19, 2025, CICC announced plans to acquire Dongxing Securities and Xinda Securities through a share swap merger.

Reported by: Nandu·Wancai Society Reporter Liu Changyuan