This Hubei brokerage has changed its coach! The new chairman is from the Three Gorges group

On February 25, Changjiang Securities Company Limited(000783) announced that according to the overall deployment of the company's board of directors, the board of directors elected Jin caijiu as the chairman of the ninth board of directors of the company. At the same time, due to work needs, Li Xinhua applied to resign as chairman of the ninth board of directors of the company. After his resignation, he still served as a director of the ninth board of directors, a member of the remuneration and Nomination Committee and the Secretary of the Party committee of the company.

Jin caijiu, the new chairman of Changjiang Securities Company Limited(000783) , once served as vice chairman of Changjiang Securities Company Limited(000783) , chairman of Three Gorges capital, general manager of Three Gorges finance company and director of Asset Finance Department of Three Gorges group. Three Gorges group has a deep relationship with Hubei. It was born and grew up in Hubei. Now it has become the world's largest hydropower development and operation enterprise and China's largest clean energy group.

Public information shows that Changjiang Securities Company Limited(000783) has formed a relatively stable ownership structure, with shares held by private enterprises, central enterprises and local state-owned enterprises. Among them, the actual controllers of xinliyi group, the largest shareholder, and Guohua life insurance, the fourth largest shareholder, are Liu Yiqian; The actual controllers of the second largest shareholder Hubei Energy Group Co.Ltd(000883) and the third largest shareholder Three Gorges Capital Holding Co., Ltd. are China Three Gorges Group Co., Ltd.

In the context of promoting the development of the Yangtze River economic belt and the rise of central China, in order to better promote the high-quality development of Hubei and Wuhan, on September 26 last year, the headquarters of the Three Gorges group moved back from Beijing to Wuhan, Hubei. As the largest shareholder of Changjiang Securities Company Limited(000783) , Hubei Biocause Pharmaceutical Co.Ltd(000627) held by xinliyi group also announced in May 2018 that it would move the residence of its holding subsidiary Guohua life insurance from Shanghai to Wuhan and obtained a renewed business license. The attraction of Hubei can be seen from this, which also reflects the gradual implementation of Hubei's strategy of building a regional financial center.

In this context, Jin caijiu's appointment as the chairman of Changjiang Securities Company Limited(000783) reflects the confidence and determination of shareholders of all parties to further integrate their strength, promote the all-round development of Changjiang Securities Company Limited(000783) , support the company to become bigger and stronger, serve Hubei and build Hubei.

According to the announcement, on February 24, Changjiang Securities Company Limited(000783) the board of directors received a written report on Li Xinhua's resignation. Due to work needs, Li Xinhua applied to resign as chairman of the ninth board of directors of the company. According to relevant regulations, Li Xinhua's resignation report takes effect when it is delivered to the board of directors, and his resignation will not affect the normal operation of the company.

The predecessor of Changjiang Securities Company Limited(000783) is Hubei securities. Its comprehensive business strength ranks among the best in the central and western regions, and has formed a comprehensive financial group with full-service license. Born and cultivated in Hubei, the company is a leader in serving the local economy of Hubei.

In recent years, Changjiang Securities Company Limited(000783) has developed steadily as a whole, with good operating conditions and stable profitability. Its asset scale and profitability rank about 17th-20th in the industry. In 2019, the company achieved an operating revenue of 7.03 billion yuan and a net profit of 1.67 billion yuan; In 2020, the company achieved an operating revenue of 7.785 billion yuan and a net profit of 2.084 billion yuan; In the first three quarters of 2021, the total assets and net assets of the company reached 163.561 billion yuan and 30.477 billion yuan respectively, with a cumulative operating revenue of about 6.648 billion yuan and a net profit of 2.199 billion yuan, a year-on-year increase of 13.85%.

In general, Changjiang Securities Company Limited(000783) all businesses have developed in a balanced way and have a good momentum. The company's research business and the new third board business have always ranked high in the industry and maintained a leading edge. Investment banking and brokerage business have also performed well.

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