On February 24, Guoyuan Securities Company Limited(000728) announced that President Chen Xin and vice president Yu Qiang resigned, and the new president was taken over by Shen Hefu.
It is reported that Chen Xin, Yu Qiang and Shen Hefu are Guoyuan Securities Company Limited(000728) veterans. According to the official website of China Securities Association (hereinafter referred to as “China Securities Association”), all three joined Guoyuan Securities Company Limited(000728) in 2004 and had no previous records of other securities companies.
The relevant person replied to the reporter of China Business Daily that Yu Qiang, the former vice president, has been appointed president of Guoyuan trust, a member company of Guoyuan financial holding group, and Chen Xin, the former president of Guoyuan Securities Company Limited(000728) , does not work in any unit at present. According to Guoyuan Securities Company Limited(000728) insiders, Chen Xin has strong interest in investment and rich investment experience. He may move to private placement next.
Guoyuan Securities Company Limited(000728) former President Chen Xin may move to private placement
On February 24, Guoyuan Securities Company Limited(000728) issued an announcement on the resignation of directors and senior managers. According to the announcement, Guoyuan Securities Company Limited(000728) director, President Chen Xin and vice president Yu Qiang resigned on February 24. After their resignation, neither of them held any position in Guoyuan Securities Company Limited(000728) and its holding subsidiaries.
In addition to resigning as president of Guoyuan Securities Company Limited(000728) , Chen Xin resigned as a member of the strategy and Sustainable Development Committee, the risk management committee and the remuneration and Nomination Committee of the board of directors.
The announcement said that Chen Xin resigned for personal reasons, and Yu resigned due to job adjustment. As for the specific reasons for their resignation, Guoyuan Securities Company Limited(000728) replied to reporters that Yu Qiang has served as the president of Guoyuan trust, a member company of Guoyuan financial holding group, and Chen Xin does not work in any unit at present.
In addition, according to the above Guoyuan Securities Company Limited(000728) insiders, Chen Xin has been engaged in investment for a long time, has rich investment experience and interest, and is ready to “take a break” in the short term.
The person also stressed that Chen Xin took up the post of Guoyuan Securities Company Limited(000728) president since January 2020, and Guoyuan Securities Company Limited(000728) performed well during his tenure as president.
According to wind, Guoyuan Securities Company Limited(000728) performance increased significantly in 2020 and 2021. From the perspective of operating income, it was 319900 yuan in 2019 and increased to 452900 yuan with a growth rate of 41.57% in 2020. According to the performance express of Guoyuan Securities Company Limited(000728) 2021, its total annual operating revenue in 2021 was about 607600 yuan, almost double that in 2019. In terms of operating profit, Guoyuan Securities Company Limited(000728) has also increased from 110500 yuan in 2019 to 241000 yuan in 2021, which has been successfully doubled in two years.
Before becoming the chairman of Guoyuan Securities Company Limited(000728) , Chen Xin also served as the general manager, president assistant and vice president of Guoyuan Securities Company Limited(000728) investment management headquarters and the chairman of Guoyuan Futures Co., Ltd.
Yu Qiang took up Guoyuan Securities Company Limited(000728) in August 2020 and joined Guoyuan Securities Company Limited(000728) in 2004 like Chen Xin. Guoyuan Securities Company Limited(000728) was founded in 2001. They can be described as Guoyuan Securities Company Limited(000728) veterans.
Guoyuan Securities Company Limited(000728) also expressed gratitude to them in the announcement. The announcement reads: “Mr. Chen Xin and Mr. Yu Qiang have been conscientious and diligent during their tenure in the company, and have made important contributions to the sustainable and healthy development and standardized operation of the company. The board of directors of the company expresses heartfelt thanks to Mr. Chen Xin and Mr. Yu Qiang for their contributions during their tenure!”
Guoyuan veteran Shen Hefu served as president. Previously, he was in charge of investment banking and bond business
On the night of the announcement on the resignation of the president and vice president, Guoyuan Securities Company Limited(000728) at the same time, Shen Hefu, the candidate for the new president, was disclosed in another announcement.
According to the official website of China Securities Association, Shen Hefu joined Guoyuan Securities Company Limited(000728) with two resigned presidents and vice presidents in the same year and has worked in Guoyuan Securities Company Limited(000728) for nearly 18 years.
Shen Hefu was born in 1971. After joining Guoyuan Securities Company Limited(000728) in 2004, he was successively in charge of compliance, risk control, investment banking, bonds and other businesses, and became the vice president of the company in April 2014.
