The securities industry reproduces high-level personnel changes.
On the evening of February 25, Changjiang Securities Company Limited(000783) (000783. SZ, hereinafter referred to as ” Changjiang Securities Company Limited(000783) “) announced that the company received a written report of Li Xinhua’s resignation on the 24th, and the latter applied for resignation as chairman of the company due to work needs. According to relevant regulations, Li Xinhua’s resignation report takes effect when it is delivered to the board of directors. After his resignation, he still serves as a director of the ninth board of directors and a member of the remuneration and Nomination Committee of the company. In addition, Li Xinhua still holds the post of Changjiang Securities Company Limited(000783) party secretary.
On the same day, Changjiang Securities Company Limited(000783) announced that the board of directors of the company elected Jin caijiu as chairman. According to the resume, Jin caijiu is currently Changjiang Securities Company Limited(000783) chairman of the board, Secretary of the Party committee and chairman of Three Gorges Capital Holding Co., Ltd. (hereinafter referred to as “Three Gorges capital”), director of Three Gorges Jinshi and chairman of the board of supervisors of Beijing Central Enterprise Investment Association; He once served as Changjiang Securities Company Limited(000783) vice chairman, chairman of Three Gorges capital, general manager of Three Gorges finance company and director of Asset Finance Department of Three Gorges group.
Since the beginning of the year, senior executives in the securities industry have changed frequently, Gf Securities Co.Ltd(000776) , China Merchants Securities Co.Ltd(600999) , Guoyuan Securities Company Limited(000728) and Jianghai securities have experienced changes in senior executives
the new chairman is from the Three Gorges group
The new chairman Jin caijiu comes from the shareholder of Changjiang Securities Company Limited(000783) Three Gorges capital.
According to the third quarterly report of Changjiang Securities Company Limited(000783) 2021, the Three Gorges capital is the third largest shareholder of Changjiang Securities Company Limited(000783) with a shareholding ratio of 6.02%. In addition, Liu Yiqian’s xinliyi Group Co., Ltd. (hereinafter referred to as “xinliyi group”), Hubei Energy Group Co.Ltd(000883) and Guohua Life Insurance Co., Ltd. – dividend No. 3 are the first, second and fourth largest shareholders of Changjiang Securities Company Limited(000783) , with shareholding ratios of 14.89%, 9.58% and 4.38% respectively.
The actual controllers of xinliyi group and Guohua Life Insurance Co., Ltd. are Liu Yiqian; Both Hubei Energy Group Co.Ltd(000883) and Three Gorges capital are subsidiaries of Three Gorges group.
Changjiang Securities Company Limited(000783) said that the 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. Tianyancha information shows that the Three Gorges group is the largest shareholder of the Three Gorges capital, with a shareholding ratio of 40%.
It is reported that under the national major strategic background of promoting the development of the Yangtze River economic belt and the rise of central China, the headquarters of the Three Gorges group moved back from Beijing to Wuhan, Hubei Province on September 26, 2021.
Similarly, as the major shareholder of Changjiang Securities Company Limited(000783) , the Hubei Biocause Pharmaceutical Co.Ltd(000627) controlled 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. Hubei’s strategy of building a regional financial center has gradually settled.
It is believed that under the above background, Jin caijiu’s appointment as 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.
Changjiang Securities Company Limited(000783) said that the company has formed a relatively stable ownership structure. Private enterprises, central enterprises and local state-owned enterprises all hold shares, which is a model for the development of mixed ownership
the net profit in 2021 is nearly 2.2 billion yuan
Statistics show that the predecessor of Changjiang Securities Company Limited(000783) is Hubei securities, and its comprehensive business strength ranks first among securities companies in the central and western regions. At present, a comprehensive financial group with full business license has been formed. Born in Hubei and deeply cultivated in Hubei, it is regarded as 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.
According to the data, in 2019, Changjiang Securities Company Limited(000783) achieved an operating revenue of 7.03 billion yuan and a net profit of 1.67 billion yuan; In 2020, the operating revenue will be 7.785 billion yuan and the net profit will be 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
frequent changes in securities industry
Since last year, Changjiang Securities Company Limited(000783) has experienced a round of high-level changes. On February 12, Changjiang Securities Company Limited(000783) appointed Xiao Jian, the head of its Shanghai Branch, as the vice president in charge of brokerage business. In December 2021, Changjiang Securities Company Limited(000783) vice president Luo Guohua resigned for personal reasons and assumed the post of chairman of Shanghai Securities in February the following year.
Previously, in April 2021, Wei Hongbo, former vice president and chief financial technology officer of Changjiang Securities Company Limited(000783) , resigned to Chinalin Securities Co.Ltd(002945) as CEO, but resigned only seven months later.
In fact, in recent years, senior personnel in the securities industry have changed frequently. In January 2022, China Merchants Securities Co.Ltd(600999) guanxuan Wu Zongmin became president. Statistics show that Wu Zongmin will deeply cultivate China’s The Pacific Securities Co.Ltd(601099) insurance system before 2017; Since entering the China Merchants system in February 2017, he has successively served as deputy general manager of China Merchants Financial Group Co., Ltd., executive member and deputy director of China Merchants financial business group / platform Executive Committee, etc.
On February 10, Gf Securities Co.Ltd(000776) announced that GE Changwei was elected as Gf Securities Co.Ltd(000776) vice chairman and officially performed his duties through relevant resolutions of the company. Statistics show that GE Changwei has successively worked in the general office of Anhui provincial government, the national development and Reform Commission, the general office of the State Council and Chongqing municipal Party committee. This entry Gf Securities Co.Ltd(000776) is regarded as “resigning to the sea”.
On February 24, Guoyuan Securities Company Limited(000728) announced that Shen Hefu, a veteran who had “served” Guoyuan for 20 years, returned and served as the president of Guoyuan Securities Company Limited(000728) . The former President Chen Xin and vice president Yu Qiang resigned from relevant positions for personal or work reasons. In addition, Guoyuan Securities Company Limited(000728) former vice president Yu Qiang resigned as vice president due to job adjustment.
Some market participants believe that under the background that the current regulators promote the compaction of intermediary responsibility and the Matthew effect in the securities industry, the personnel changes of senior managers of securities companies are also the objective requirements for securities companies to adapt to the environment and business innovation as a whole. Overall, it is beneficial to the sound development of the securities industry as a whole.
