See also the change of senior executives of securities companies!
On February 15, Shanghai Securities announced that Mr. Luo Guohua was appointed as the general manager of the company after the deliberation and decision of the eighth interim meeting of the sixth board of directors, and the term of office is the same as that of the sixth board of directors. This personnel change has fulfilled the relevant procedures stipulated in the articles of association.
Luo Guohua’s new appointment is to replace Yang Yucheng, the former general manager of Shanghai Securities. Last December, Yang Yucheng officially left office. At that time, he told Shanghai Securities News that he would take up the post of Bailian commercial investment, and his business indicators in Shanghai securities were completed as planned.
Luo Guohua takes office as general manager of Shanghai Securities
According to the announcement of Shanghai Securities, Luo Guohua is currently the Deputy Secretary of the Party committee, director and general manager of Shanghai Securities Co., Ltd. Before entering Shanghai Securities, Luo Guohua served as Changjiang Securities Company Limited(000783) vice president and had rich experience in banking, insurance and securities industries.
According to the announcement, Luo Guohua once served as the section member and section chief of China Construction Bank Corporation(601939) Hubei Branch, China Construction Bank Corporation(601939) vice president of Wuhan Xinzhou District sub branch, deputy general manager of Taiping Life Hubei Branch, general manager of Ningbo branch and general manager of bank insurance department.
After joining Changjiang Securities Company Limited(000783) , Luo Guohua successively served as deputy general manager and general manager of Changjiang Securities Company Limited(000783) retail customer headquarters, Changjiang Securities Company Limited(000783) brokerage business director, president assistant and vice president, chairman of Changjiang Futures Co., Ltd. In addition, Luo Guohua is also the vice chairman of the securities brokerage Committee of China Securities Association. He received a salary of RMB 3160600 in Changjiang Securities Company Limited(000783) in 2020.
According to the announcement of Changjiang Securities Company Limited(000783) , on December 31, 2021, the board of directors of the company received a written report on Luo Guohua’s resignation. For personal reasons, Luo Guohua applied to resign as vice president of the company. The resignation report will take effect when it is delivered to the board of directors.
As a “veteran” of wealth management, Luo Guohua has expressed his personal views on wealth management business for many times. In December last year, Luo Guohua, then vice president of Changjiang Securities Company Limited(000783) , publicly said that in the process of helping customers maintain, increase and inherit their wealth, we should start from solving the pain points of customers’ wealth management, constantly accumulate the regular understanding of wealth management services, explore solutions, and finally form the concept of “digital wealth management”.
Shanghai Securities continues to make efforts to transform wealth management
It is understood that during Luo Guohua’s tenure of Changjiang Securities Company Limited(000783) , Changjiang Securities Company Limited(000783) ‘s wealth management and brokerage business performed well in the industry, and the ranking was steadily improved.
According to the data, in 2019, Changjiang Securities Company Limited(000783) brokerage business revenue was 2.405 billion yuan, ranking 18th; In 2020, its brokerage business income was 3.735 billion yuan, ranking 18th; In the first half of 2021, the company’s securities brokerage business revenue was 2.074 billion yuan, ranking 16th, up two places.
Similar to Changjiang Securities Company Limited(000783) , brokerage business is also the core source and key direction of operating income of Shanghai securities at present.
According to the 2020 annual report of Shanghai Securities, the operating revenue was 1.713 billion yuan and the net profit was 465 million yuan. Among them, the brokerage business achieved an income of 777 million yuan, accounting for 41.98%.
He Wei, chairman of Shanghai Securities, has publicly put forward the vision and goal of developing Shanghai securities into a “wealth management securities firm with distinctive characteristics, leading regions, well-known brands and professional characteristics”.
Under the new vision, great changes have taken place in the multi business lines of Shanghai Securities. Among them, institutional business focuses on private placement business. In addition, there are new layouts in securities research, private placement product consignment, securities retail, financial technology and other businesses. According to the previous report of Shanghai Securities News, in July 2021, the first flagship business department directly under the headquarters of Shanghai Securities officially opened, targeting private institutional customers, high net worth customers and enterprise customers.
It is worth noting that rumors about the listing of Shanghai Securities have always existed. Shanghai Securities News previously learned that Shanghai Securities has begun to make some preparations before listing, but there is no specific timetable.
Public information shows that Shanghai Securities, established in May 2001, is an old local brokerage in Shanghai. By the end of 2020, Shanghai Securities had total assets of 44.604 billion yuan and net assets of 7.502 billion yuan; In 2020, the company achieved an operating revenue of 1.713 billion yuan and a net profit of 465 million yuan, with a year-on-year increase of 11% and 54% respectively. From the perspective of the company’s revenue and net profit, Shanghai Securities is at the midstream level of the industry.
In terms of institutional setting, by the end of 2020, Shanghai Securities had three securities branches and 76 securities business departments, and the holding subsidiary Haizheng futures had eight futures business departments and one branch.
