Director of Cinda Securities Research Institute, Zuo Qianming, has been publicly accused of harassment. The company has suspended his duties and initiated an investigation.

Source: Taishan Finance

Taishan Finance reporter Lin Junjie

On March 25, a vile scandal was exposed in the financial industry. The head of the research institute and chief energy analyst of Cinda Securities Co., Ltd. (601059.SH), Zuo Qianming, was reportedly accused by a subordinate using their real name of alleged indecent assault. The incident quickly drew widespread attention across the industry. On the same day, Cinda Securities responded, saying that it had suspended all work by Zuo Qianming and officially initiated an internal review process, while also actively cooperating with relevant investigations by public security authorities.

As of the time of publication, neither the police nor Cinda Securities’ official channels have released any formal notice regarding the incident.

It is understood that the person who filed the real-name complaint is Tang Moumou, a research analyst at Cinda Securities’ research institute. He joined the company in 2023. According to the complaint materials Tang Moumou provided, Zuo Qianming, citing a business trip to attend a meeting, asked him to accompany him to Shanghai. After the dinner gathering ended on the evening of March 24, while the two were returning to their hotel together, Zuo Qianming allegedly carried out indecent assault against Tang Moumou inside the car.

The complaint letter provided a detailed description of the incident. Zuo Qianming first touched Tang Moumou’s hand under the excuse, “You look very nervous—relax,” and then further reached out to touch his intimate parts. After being pushed away twice by Tang Moumou, Zuo Qianming nonetheless continued to entangle himself with him repeatedly.

According to the complaint letter, after arriving at the Holiday Inn at 899 Dongfang Road, Pudong New Area, Zuo Qianming even pulled Tang Moumou in front of multiple people, demanding that he “go back to my room.” After receiving a clear refusal, he allegedly forcibly pushed Tang Moumou into the rear seat of a taxi outside the hotel. Inside the car, Tang Moumou struggled desperately and shouted for help, but Zuo Qianming attempted to calm him by saying, “Just one injection and it’ll be fine,” which further intensified Tang Moumou’s panic. At a critical moment, the security guards of the Holiday Inn promptly intervened and brought Zuo Qianming under control. Only then did Tang Moumou manage to break free and immediately report to the police.

A rumored document from the Weifang Xincun Police Station of the Pudong Branch of the Shanghai Municipal Public Security Bureau—the “Case (Incident) Reporting Receipt”—shows that the time of the police report was 1:07:41 a.m. on March 25. After the police arrived, Zuo Qianming had already been taken to the police station for investigation.

After the incident, the parties involved, Tang Moumou, stated that he had completed a detailed statement with the police. The Holiday Inn security guards and the staff at the hotpot restaurant where they had had dinner before the incident could serve as third-party witnesses, and the monitoring footage related to the relevant scenes was also being processed. Meanwhile, Tang Moumou said in a firm stance that he “does not accept any form of internal private settlement.” This real-name complaint is not only to safeguard his lawful rights and interests, but also to hope that by speaking out, he can prevent similar infringement incidents within the industry from occurring.

According to publicly available career information, Zuo Qianming has a relatively high level of recognition in the field of financial research, especially the energy sector. He is a PhD from China University of Mining and Technology (Beijing) and has more than ten years of experience in research and consulting related to coal and energy. Zuo Qianming previously served as Deputy Director of the Industry Consulting Division of the China National Coal Industry Association (in charge of the work). He joined Cinda Securities in 2016. Starting in 2019, he began taking charge of the company’s research work on its large energy sector, leading a team that won multiple industry awards. The Cinda Energy team he led won second place in 2023 New Fortune Energy Exploration’s Best Analyst ranking for the industry. In July 2025, after the former director Cheng Yuan was promoted to deputy general manager of the company, Zuo Qianming took over as the head of the Cinda Securities Research Institute.

As the first securities firm in China in the AMC (asset management company) category, Cinda Securities was established in September 2007. It was listed on the Shanghai Stock Exchange in February 2023, with its headquarters in Beijing. The company was formed with China Cinda Asset Management Co., Ltd. as the primary initiator, jointly with China Haizhong Trust Co., Ltd. and China National Materials Group Co., Ltd. Based on inheriting related investment banking business and acquiring multiple securities firms’ securities-related assets, it developed and grew stronger.

It is worth noting that, at a time when CICC is planning to absorb and merge Dongxing Securities and Cinda Securities through a share-swap arrangement, a scandal of such magnitude was exposed involving the head of Cinda Securities’ Research Institute. What impact this incident has on the planned acquisition and on Cinda Securities itself is a question that Taishan Finance reporter sent an interview request letter to Cinda Securities about. As of the time of publication, the company had not yet responded.

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