Since July 1, two screenshots of a scolding war broke out between two former colleagues of the China Securities Research Institute on WeChat and Moments began to circulate on the Internet.
Judging from the screenshots, the cause of this incident is that Chen Bing, the chief of Monita Advanced Manufacturing and a former analyst in the machinery industry of CITIC Construction Investment, posted a sentence in the circle of friends: "Photovoltaic is suitable for the solitary brave." This sentence touched his former colleague CITIC Construction. Zhang Yichi, an analyst in the new investment power industry, started an online scolding battle.
According to the reporter of "Daily Economic News", what Chen Bing said about "lonely brave person" actually means retrograde, that is, it is recommended to dare to buy bottoms when the photovoltaic sector fell sharply last week.Zhang Yichi may mistakenly think that Chen Bing is bearish on the photovoltaic sector.
Although Zhang Yichi and Chen Bing's "tear each other" was misunderstood, it objectively caused the content of "language violence" to spread on the Internet, which may have an impact on the reputation of their respective practice institutions.According to the relevant provisions of the "Code of Practice for Securities Analysts" issued by the China Securities Association, securities analysts should respect each other and jointly maintain the reputation of the industry. peer competition.In addition, in April this year, the China Securities Association issued a notice to securities companies on matters related to strengthening the management of securities analysts, requiring them to strengthen the reputation risk management of analysts.
Two ex-colleagues fight each other online
Regarding Chen Bingfa's sentence "Photovoltaic is suitable for the lonely and brave", Zhang Yichi choked in the message: "The upright energy revolution is the only one for the lonely and brave".Subsequently, Zhang Yichi questioned Chen Bing's research ability.After this online scolding war turned into a "private chat" mode, Chen Bing also exposed Zhang Yichi's shortcomings.
According to the website of the Securities Industry Association, Chen Bing and Zhang Yichi have overlapping experience in CITIC Construction Investment, and the two have worked together for nearly three years.From July 2018 to September 2021, Chen Bing worked as an analyst at CITIC Construction Investment.
It is understood that Chen Bing served as a machinery industry analyst at that time.Zhang Yichi joined CSC at almost the same time as Chen Bing, but he had not yet obtained the analyst qualification.Although Zhang Yichi is currently an analyst in the electronics industry, he also studied the automotive industry for a period of time when he joined CITIC Construction Investment.
About a year ago, Zhang Yichi claimed in the title of a video recorded by the China Securities Research Institute: "My soul already belongs to the new energy era!" The focus of research in the new energy industry is the field of lithium batteries, and the photovoltaic industry is less involved.
The main focus of the debate between the two sides is the phrase "photovoltaic is suitable for the solitary brave". What is its original meaning?
According to the reporter of "Daily Economic News", Chen Bing's "lonely brave person" means retrograde, that is, it is recommended to dare to buy bottoms when the photovoltaic sector fell sharply last week.Zhang Yichi may misunderstand the "lonely brave man" as: Chen Bing is bearish on the photovoltaic sector.
Last Friday (July 1), affected by rumors of "some photovoltaic module companies reducing production scheduling plans", the share prices of photovoltaic module-related companies (such as JA Solar, JinkoSolar, and Trina Solar) experienced a relatively large adjustment. Among them, Trina Solar plunged more than 8%.
In this regard, the latest opinion released by the advanced manufacturing team of Monita, where Chen Bing is located, stated: "According to our communication with a number of module companies, the production schedule of head module companies has not been lowered in July, and we maintain a positive judgment on the photovoltaic sector. The adjustment of the photovoltaic sector will be a good time to intervene.”
On the morning of July 4, the advanced manufacturing team of Monita released an observation report on the photovoltaic industry entitled "The module demand is resilient, and the production scheduling of leading companies in July is higher than that of the previous month".
The reputation of the institution may be influential
Just a year ago, when the market of the semiconductor sector peaked, the industry also revealed that Chen Hang, chief of the electronics industry of Founder Securities, was angry with the head of SMIC's photoresist, "How old are you?"
In fact, the new energy industry has experienced a bull market for more than two years, and has once again led the rally in the last two months. The current market sentiment is relatively high.
Although Zhang Yichi and Chen Bing may have misunderstood behind this online confrontation, it objectively caused some inappropriate content to spread on the Internet, which may have an impact on the reputation of their respective practice institutions.
According to Article 19 of the "Code of Practice for Securities Analysts" revised by the Securities Industry Association in May 2020, securities analysts should respect each other and jointly maintain the reputation of the industry. Speech, shall not use unfair means to compete with peers.
In addition, in April this year, the China Securities Association issued a notice to securities companies on matters related to strengthening the management of securities analysts, stating that the move was to prevent operational risks, standardize the practice of securities analysts, and promote the healthy development of securities research business.
The China Securities Association pointed out that it is necessary to strengthen the reputation risk management of securities analysts.As public figures, securities analysts' words and deeds are widely concerned by the society and the media. The inappropriate words and deeds of individual securities analysts may lead to a reputational crisis for their institutions or even the entire industry.Therefore, each securities firm should establish an effective reputation risk management mechanism to prevent the reputation risk of securities analysts and maintain the reputation of the industry.
A few days ago, a reporter from "Daily Economic News" sent an interview letter to CITIC Construction Investment on how to deal with the reputation risk that Zhang Yichi's words and deeds may bring to the company. As of press time, the reporter has not received related replies.
Every reporter Wang Haimin every editor Peng Shuiping
(Editor in charge: Jiang Ninglu)
