Recently, a person claiming to be an employee of Shenwan International Futures (referred to as Shenwan Futures) live-streamed on social media to defend his rights, stating that leaders received an annual bonus of 300,000 yuan, while ordinary employees received only 10,000 yuan. He posted in the company group requesting management to explain the basis of the difference, but was subjected to violence by superiors and even suspended from work. The incident was exposed and continued to ferment online.
Public information shows that Shenwan Futures is a subsidiary holding company of Shenwan Hongyuan Securities, a listed company, with a shareholding ratio of nearly 98%.
According to reports from Economic Observation and Daily Economic News, Liu Kai (pseudonym) has been working at Shenwan International Futures for 5 years. According to his introduction, Shenwan Futures distributes annual year-end bonuses on December 31 each year, with quarterly bonuses and year-end bonuses accounting for over 50% of his total income, making it the main source of income. In 2024, when the company chairman changed, the year-end bonus was not distributed. At that time, the company management stated that there was a new regulation from the central investment company that bonuses could not exceed 6% of the company’s profits, and the unpaid bonuses would be fought for by the company for everyone. However, a year passed and the year-end bonus was not implemented. Only a “holiday bonus” of 9,000 yuan was paid in February 2025, and the year-end bonus for 2025 was only 10,000 yuan. His average year-end bonus from 2021 to 2023 was about 40,000 yuan.
Liu Kai said, “Our ordinary employees usually only receive a few thousand yuan in take-home pay each month, which is simply not enough to live in Shanghai. We rely heavily on the year-end bonus to supplement our household expenses.”
What made him even more dissatisfied was that, according to internal sources, the year-end bonus for first-level department leaders was as high as 300,000 yuan, 30 times higher than that of grassroots employees. Therefore, he posted in the company’s internal group requesting the management to explain the basis of the difference, but on the same day, the company’s WeChat account was shut down.
Liu Kai emphasized that this defense of rights was not a personal action. Among the company’s over 500 employees, many people are facing similar difficulties. Several colleagues have anonymously reported salary issues to the relevant departments of the securities parent company, but have not received any response.
As a result, on the day the above information was released, Liu Kai was summoned by Shenwan Futures General Manager Lu Sanjiang. To keep evidence, he live-streamed entering the meeting room with his phone, but Lu Sanjiang immediately asked him to turn off the live stream. When he refused, Lu Sanjiang physically pushed him, causing bruises to his facial soft tissues and head injuries, diagnosed as minor injuries by the hospital.
On January 5, the first working day after New Year’s Day, he received an email from the company’s human resources department notifying him of his suspension. That day, when he went to the company to discuss the suspension, he was pushed down by several security guards, resulting in a wrist injury.
On January 7, he received another warning letter from the company, accusing him of “fabricating false information, insulting and slandering company employees, spreading false information to company employees and the public, infringing on the image rights of company employees, disrupting the company’s office order, seriously damaging the company and its employees’ image,” and demanding that he stop relevant behaviors.
Liu Kai stated that his demands are based on facts, and the live streaming content truthfully recorded the negotiation process without insults or slander. The accusation of infringing image rights is groundless, lacking factual basis from the company.
On January 9, Shenwan Futures responded, stating that online related information is false and that the company has reported it to the police. However, as of now, Shenwan Futures and Shenwan Hongyuan have not provided a clear and detailed response to core disputed issues such as the distribution disparity of year-end bonuses, employee suspensions, and injuries.