The director of the institute, Zuo Qianming, allegedly sexually harassed subordinates. Everbright Securities responded: all work has been suspended.

On the morning of March 25th, it was reported on the internet that Zuo Qianming, the director of the research institute and chief energy analyst at XinDa Securities, was reported to the police by a subordinated employee, accusing him of sexual harassment. According to the online posts, the subordinate posted a statement in a WeChat work group, which included: "Last week, Zuo Qianming asked me to accompany him to Shanghai for a business trip to attend a series of meetings this week. On the night of March 24th, after a dinner, he sexually harassed me in the car on our way back to the hotel..." The subordinate stated in the statement: "I have already reported this to the police and speak out publicly about this matter to protect my own legal rights and to prevent such heinous incidents from happening to more colleagues." A responsible person from XinDa Securities responded: "The company has noted the online reports, and has temporarily suspended all work of Zuo Qianming, and initiated an internal investigation. At the same time, we will actively cooperate with the relevant public security authorities."