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The Paper reporter Qi Yeyun
Li Daxiao, chief economist of Yingda Securities Co., Ltd. (referred to as "Yingda Securities"), has retired.
On July 26, The Paper noticed that Li Daxiao had updated his Weibo profile to "former chief economist of a securities firm." The Paper confirmed from Yingda Securities staff that Li Daxiao had retired.

Public information shows that Li Daxiao was born in 1964 and is 60 years old this year. Li Daxiao has served as the chief analyst of Dongguan Securities, secretary-general of Dongguan Securities Research Association, director of Dongguan Finance Society, member of Dongguan Federation of Social Sciences, specially appointed expert of Dongguan Finance Bureau, director of Yingda Securities Research Institute, and chief economist of Yingda Securities Research Institute. However, as of press time, Li Daxiao is still listed as the chief economist on Yingda Securities' official website.

As a securities analyst, Li Daxiao seems to be different from other analysts. He has as many as 6.23 million followers on Weibo, and is an out-and-out Weibo celebrity and "financial influencer". His analysis is quite personal, and he is very good at using audio and video to speak frequently on social media, and is quite active. Most importantly, he has proposed multiple bottom judgments such as "baby bottom", "children's bottom", "teenage bottom", and "diamond bottom", and is regarded as the most determined bull representative among securities analysts.
Previously, Yingda Securities' official website introduced Li Daxiao as follows: "He insists on objectivity and truthfulness, is not influenced by authority and commercial interests, insists on research independence, and has successfully predicted the market many times. His representative views are as follows: 6124 requires indifference, 1664 requires courage; 2132 is the diamond bottom, 5178 is the earth top, and 2850 is the baby bottom.
Li Daxiao has many supporters for his bottom-up remarks, calling him the "bull commander-in-chief", but there are also those who mock him.
On the Weibo platform, Li Daxiao not only publishes his views on the stock market, but also often shares his own life insights, and does not shy away from mentioning situations in which he has been criticized by many netizens.
On July 26, Li Daxiao also wrote that it is very important to strengthen investor protection when the market is pessimistic. "After 34 years of rapid development, China's stock market has become the world's second largest market. The Shenzhen and Shanghai Stock Exchanges have been among the world's top financing markets for many years, and have achieved globally renowned results. The vast number of retail investors have made great contributions to the development of China's stock market and are well-deserved heroes. We should protect them, and investor protection work needs to be strengthened. I have always called for protecting retail investors as the only way out for the long-term and healthy development of China's stock market. There is no other way."
In the article, Li Daxiao maintained a positive attitude towards the Chinese stock market, saying that the spring of China's high-quality assets has arrived. As China's economy gradually recovers, its contribution to global economic growth will continue to increase. He expects that with the strengthening of dividend policies, changes in investor-oriented concepts, and the implementation of positive stock market policies, China's best assets that have long been ignored by the market will usher in spring. This change may first appear in the Hong Kong stock market and then expand to the A-share market.
Official data shows that Yingda Securities was established in 1996 and is a fully licensed comprehensive securities company under the State Grid Corporation of China, headquartered in Shenzhen. Yingda Securities is one of the nine financial units directly under the State Grid Corporation of China and the only wholly-owned securities company. The State Grid holds 100% of the company's shares through the listed company State Grid Yingda Co., Ltd. (600517).
Not long ago, Yingda Securities released its unaudited semi-annual financial statements for 2024. In the first half of this year, Yingda Securities achieved revenue of 360 million yuan, a year-on-year increase of 31.39%; and achieved a net profit of 77 million yuan, a year-on-year increase of 81.74%.

Editor of this issue: Zou Shan