Cinda Securities Research Institute Director Zuo Qianming involved in sexual harassment of female subordinate: Company suspends him immediately, police involved in investigation

On March 25, 2026, news that an alleged sexual misconduct report—real-name allegations (real-name allegations) by a female subordinate against Zuo Qianming, head of the Cinda Securities Research Institute—was quickly spreading across the financial community.

According to reports from multiple media outlets, Cinda Securities has issued an official response stating that it will suspend all work by Zuo Qianming and launch an internal investigation.

Female employee reports sexual misconduct

The complainant, Tang Chan-yu, is a researcher at the Cinda Securities Research Institute, having joined the company in 2023. In her complaint materials, she described in detail what happened during a business trip to Shanghai on the evening of March 24.

According to Tang Chan-yu’s account in reportedly circulated materials, Zuo Qianming asked her to accompany him to Shanghai on the pretext of attending a business trip meeting. After a dinner gathering that night ended, while riding back to their hotel, Zuo Qianming began touching her hand, saying, “You look very nervous; relax,” and then went on to further violate her private parts. Tang Chan-yu pushed him away twice, but after Zuo Qianming repeated “relax,” he reached out again.

Source: Reportedly circulated materials

After arriving at the Holiday Inn on 899 Dongfang Road, Pudong New District, the situation escalated further. The materials state that in front of multiple people, Zuo Qianming pulled Tang Chan-yu and demanded, “Take me back to my room.” After she refused, he forcibly grabbed her waist and shoved her into the back seat of a taxi parked outside the hotel. Inside the car, Tang Chan-yu struggled desperately and shouted for help. Zuo Qianming tried to calm her by saying, “It’ll be fine after a shot,” which instead intensified her panic.

At a critical moment, a security guard at the hotel entrance intervened in time. From behind, he controlled Zuo Qianming, and Tang Chan-yu took the opportunity to break free and run into a nearby hot pot restaurant to seek help. After the staff took her to a safe place, she immediately called the police. It was learned from the police that Zuo Qianming had already been controlled with the assistance of the security guard.

Company’s official response and police involvement

On March 25, a relevant person in charge at Cinda Securities told the media: “The company has noticed the situation circulated online. At present, it has suspended all work by Zuo Qianming and initiated an internal investigation. At the same time, it will actively cooperate with relevant work by public security authorities.”

Also circulating in parallel with the complaint letter is a 《Case (Incident) Reception Acknowledgment of Reporting》 issued by the Weifang Xincun Police Station, Pudong Branch of the Shanghai Municipal Public Security Bureau, numbered 2026. The acknowledgment records: At 1:07:41 a.m. on March 25, 2026, the reporter Tang Chan-yu called the police, stating that on the way to the Holiday Inn at 899 Dongfang Road, Pudong New District, she was sexually molested by Zuo Qianming. After arriving at the hotel, he continued to tug at her, trying to take her back to a room; while she was struggling and shouting for help at the hotel’s parking lot, she was shoved into a taxi. She then left with the assistance of the Holiday Inn’s security guard and reported the matter. After the police arrived, they took Zuo Qianming away for investigation. The names, locations, and circumstances recorded in the acknowledgment closely match those in the complaint letter.

Source: Reportedly circulated materials

Zuo Qianming’s career path

Zuo Qianming is not a newcomer in the field of financial research. Public information shows that he graduated from China University of Mining and Technology (Beijing), holds a Ph.D., and has the qualification of Registered Consulting (Investment) Engineer. He previously served as Deputy Director (in charge of work) of the Industry Consulting Division of the China Coal Industry Association, and has been engaged in coal and energy-related research and consulting for more than ten years.

Zuo Qianming, source: online image

In June 2016, Zuo Qianming joined Cinda Securities. Since 2019, he has been responsible for research in the major energy segment. Under his leadership, the team’s research in energy and chemical engineering has been characterized by in-depth industry research and value research, building a strong market reputation. In 2021, he “went viral” due to a live-stream he did while wearing miners’ work clothes on-site at a coal mine, attracting more than 200,000 views, though it also sparked some questions about “performing for show.”

In July 2025, as the former head of the Cinda Securities Research Institute, Cheng Yuan, was promoted to vice president of the company, Zuo Qianming was appointed as the new head of the institute. During his tenure as head, he publicly stated that research business should “shift from rapid expansion to prioritizing quality,” emphasizing long-termism and deep value.

It is worth noting that Zuo Qianming and the complainant Tang Chan-yu do have business overlap. Records from relevant research report platforms show that the two previously jointly signed and released an industry research report on “Shaanxi Natural Gas” in June 2025.

As of the afternoon of March 25, Zuo Qianming’s registration status with the China Securities Association still shows as normal, and his practicing qualification has not been affected. A staff member at Cinda Securities’ investor hotline said that, as of now, there have been no personnel changes in the team where Zuo Qianming works, and it should not affect the company’s business operations.

Source: China Securities Association

At the end of her complaint letter, Tang Chan-yu clearly stated: “I am responsible for every word in the above statement, and I do not accept any form of private settlement within the organization.” She emphasized that coming forward publicly is not only to safeguard her lawful rights and interests, but also to prevent such a terrible incident from happening to more colleagues.

Cinda Securities, established in September 2007, is the first securities company in China in the AMC sector. It was listed on the Shanghai Stock Exchange in February 2023. The company’s performance in the first three quarters of 2025 was impressive: operating revenue of 3.019 billion yuan, up 28.46%; net profit attributable to shareholders of the listed company of 1.354 billion yuan, up 52.89% year over year. As of the end of the third quarter, Cinda Securities’ total assets were 128.251 billion yuan, and shareholders’ equity attributable to shareholders of the listed company was 26.366 billion yuan.

At present, Cinda Securities is in a critical period. On the evening of November 19, 2025, a company announcement by CICC stated that it plans to absorb and merge Dongxing Securities and Cinda Securities through a stock-swap. This major asset restructuring is still ongoing, and the scandal involving the head of the research institute undoubtedly adds further challenges to the company’s reputation management.

This incident occurs against the backdrop of the financial industry strengthening compliance and governance and focusing on workplace environment. Its subsequent developments not only relate to an individual’s career, but may also have far-reaching effects on the management culture of securities research institutes and the industry’s image. As the police investigation deepens and the company’s internal investigation progresses, more details may come to light. (Produced by 《Wealth Management Weekly—Finance & Business》)

Disclaimer: The opinions expressed in this article do not constitute any investment advice. Investors act at their own risk.

A wealth of information and precise interpretation—on the Sina Finance app