“Post-90s” analysts have gradually become a force that can not be ignored.
Public information shows that more and more “post-90s” are taking on the position of chief analyst. “I am willing to take a heavy position in young people,” said the director of the Securities Research Institute in an interview with the securities times
However, there are also many problems among young analysts. Some insiders said that some have not experienced a complete bull bear cycle, and how to improve their professional ability remains to be seen; Others may have exaggerated research conclusions in order to attract attention.
In the context of a large talent gap and lack of talent, how to cultivate young analysts and how to strengthen the construction of talent echelon will become very important for the Institute of securities companies.
AB side of young analysts
The new forces are rising in the research field of securities companies. At the end of December 2021, Lin rongxiong, chief strategic analyst of Anxin securities, officially appeared. He was born in 1992, joined the industry in 2017 and registered as a securities investment consulting (Analyst) in 2020.
According to the incomplete statistics of the reporter of the securities times, at present, many post-90s chief analysts have stepped on the stage, such as Chen Xianshun, chief strategist of Guotai Junan Securities Co.Ltd(601211) and Fang Yi, CO chief strategist, China Industrial Securities Co.Ltd(601377) Zhang Qiyao, chief strategist, Zheshang Securities Co.Ltd(601878) Liang Fengjie, chief bank officer, Changjiang Securities Company Limited(000783) Guan quansen, chief household appliance officer, and Liu Gaochang, chief Computer Officer of Guosheng securities. Among them, the last three won the first place in the industry in the selection of the best analyst of new wealth in 2021.
Qiu Guanhua, director of Zheshang Securities Co.Ltd(601878) Research Institute, said in an interview with the securities times, “I like young people. I am willing to take a heavy position in young people and give them opportunities.” He said that he had benefited from being “young” and became famous earlier. The analyst industry is similar to the sports industry, and his achievements always come from his youth.
However, young analysts also have some problems, such as professional standards and compliance awareness, which need to be strengthened. At the same time, some young analysts are impetuous and do not plunge into the industry.
A private equity partner in Shenzhen said that young analysts have not experienced the bull and bear cycle, and their professional ability remains to be observed; Some studies are relatively shallow, and the quality of the research report is not high, which shows that there is no in-depth research on industries and enterprises.
The director of a small and medium-sized brokerage Research Institute in Southwest China said that some young analysts are impulsive and may give some exaggerated research conclusions or target prices, causing adverse reactions in the market and even being punished by supervision.
It is understood that previously, a brokerage research report predicted the revenue of a listed company for nearly 40 years, which caused an uproar in the market, and three relevant analysts were fined. According to their resumes, two of them have only registered as analysts for nearly a year.
strengthen hematopoietic capacity
For the Institute of securities companies, the times have changed. On the one hand, the position of research business in securities business has gradually improved, and the demand for research services by institutional investors has increased greatly; On the other hand, the high mobility of talents can not be ignored, and the frequent job hopping of researchers is becoming more and more intense. How to do a good job in the construction of talent echelon and how to avoid lack of talent are urgent problems to be solved.
Yin Yanji, director of Huaan Securities Co.Ltd(600909) Research Institute, believes that in the face of the current situation of the rapid flow of researchers from the seller, the research institute must have the ability of self hematopoiesis. He previously told reporters that “to cultivate the hematopoietic ability of newcomers and themselves, we can’t just carry out regular training, finance, communication and other contents – these are just appearances, and must eventually be internalized into a kind of combat effectiveness.”
In an interview with the securities times, the director of a Research Institute of unlisted securities companies said that the overall idea is to hope that the mature team can go to a higher level, the Mesozoic team can make breakthroughs at fixed points, and the training of the new generation of forces can be strengthened. “The foundation is to reduce internal friction, because I am a researcher. Researchers are always busy and customer needs are endless. We should prevent them from entering the state of ‘busy, blind and confused’.”
The director of a small brokerage Research Institute in Beijing told reporters, “We are a mature research institute. Many young people grow up quickly in our mature seller system and can be trained. On the one hand, we recruit young people from mature teams of other securities research institutes; on the other hand, we select them on a large scale. These fresh students practice with the chief analyst of the mature team for about half a year. If it is more appropriate, I They were officially recruited. “
In his opinion, fresh students have higher loyalty to the company. Since 2021, the company has paid great attention to the cultivation of the team and recruited many fresh students. The whole team can be rebuilt soon, and the business is expected to continue to a higher level.
How to train young analysts? The aforementioned director of the Southwest Institute of small and medium-sized securities companies said: first, strictly control compliance and strictly review the research reports of young analysts; Second, the “old people” will lead the “new people” to conduct research and roadshows of listed companies, form an industry analysis framework, and provide talent training through hand-in-hand guidance.
Qiu Guanhua once said that Zheshang Securities Co.Ltd(601878) research institute attaches great importance to training. “We have two hours of seller’s general skills training every Monday morning, covering all aspects.”
