(Yicai Global) July 12 –- China's financial software firm Hundsun Technologies has fired two senior chiefs on accusations of stealing business secrets. 

Hundsun's Senior Vice President Liao Zhangyong and Vice President Shen Zhiwei received their criminal summons from a public security organ, stemming from the firm's internal review, the Hangzhou-based company said in a statement. The two were found to be involved with various external organizations to set up businesses that compete with their original employer.

Liao is a senior executive in Beijing-based Softbi and Ningbo High-tech Zone Yunhan Equity Investment Management. He also holds shares of many firms, including Ningbo Hengxinghui Equity Investment. Liao started to work for Hundsun in 1999, and his annual salary was CNY2.2 million (USD327 million) last year, as that year's company report shows.

Hundsun did not disclose more details about the charges on Yicai Global's inquiry.

Editor: Emmi Laine