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important personnel changes at leading securities firms

2024-09-24

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china securities journal learned that on september 23, shenwan hongyuan securities held a cadre appointment announcement meeting, involving adjustments to leadership positions in the research institute, underwriting and sponsoring companies, etc. zheng zhiguo no longer serves as the party secretary and chairman of shenwan hongyuan research institute, and is transferred to the party secretary and chairman of shenwan hongyuan underwriting and sponsoring company. zhou haichen, a member of the executive committee of shenwan hongyuan securities, concurrently serves as the party secretary and chairman of shenwan hongyuan research institute.

shenwan hongyuan stated that this cadre position change is an adjustment and optimization made by shenwan hongyuan securities in light of the market environment and business needs. it will further consolidate the linkage between research, investment, and investment banking businesses, and help shenwan hongyuan deepen the construction of a first-class investment bank and investment institution.

zheng zhiguo takes charge of investment bank

zheng zhiguo is a veteran of shenwan hongyuan and has extensive experience in investment research and management. he has worked in shenwan hongyuan research institute, known as the huangpu military academy of securities research, for 23 years.

zheng zhiguo innovatively established the "investment research + industry research + political research" research system in shenwan hongyuan research institute. he took the lead in establishing the policy research office, accumulated industry-leading advantages in decision-making influence and building a national think tank brand, and was recommended by the china securities association as a national securities consulting industry brand building unit; he took the lead in promoting the establishment of shenwan hongyuan industrial research institute, laid out forward-looking strategic emerging industries, and improved the research and service capabilities of the industrial chain.

in 2021, zheng zhiguo crossed over to the investment field and served as chairman of shenyin wanguo investment co., ltd., leading the investment sector to achieve outstanding results.

although zheng zhiguo had no previous experience in investment banking, an insider of shenwan hongyuan said: "through his business practice, he promoted the linkage of 'research + investment + investment banking' of shenwan hongyuan securities and played an important role in coordinating the business of various sectors of shenwan hongyuan securities. he can be said to be the best spokesperson and practitioner of shenwan hongyuan securities' 'research + investment + investment banking' strategy."

shenwan hongyuan securities co., ltd. has recently undergone some personnel changes. on the afternoon of september 5, shenwan hongyuan securities' official website released an announcement stating that shenwan hongyuan securities co., ltd. had received a "notice of detention" issued by the supervisory authority. wang zhaoping was detained by the supervisory authority in accordance with the law. wang zhaoping has resigned from his position as deputy general manager and other positions for personal reasons. his resignation will not affect the company's operations.

zhou haichen concurrently serves as party secretary and chairman of shenwan hongyuan research institute

zhou haichen is a post-80s executive who grew up in shenwan hongyuan research institute.

zhou haichen has experienced growth from a fresh graduate, an excellent analyst, and an excellent manager at shenwan hongyuan. in the past 18 years since he started working in the industry, he has served as a senior analyst, chief analyst, department director, deputy general manager, general manager, and member of the executive committee of a securities company. he has outstanding business and management capabilities.

in terms of business capabilities, he has successively won the titles of new fortune platinum analyst, diamond analyst, and double diamond analyst. he has led his team to win the first place in the mainstream authoritative sell-side analyst selection field in recent years. he is a veritable "grand slam player."

the "stable happiness" series he recommended is deeply rooted in people's hearts. the external manifestation of stability is the long-term stock price, and the internal foundation of stability is research strength. stability has brought trust from institutional investors.

"we dare to recommend it when the stock price has fallen a lot because it is indeed valuable. this is a stable and happy combination," zhou haichen once said.

relying on forward-looking and reliable research, he can still resist the risk of market downturn, create value for customers, and become a brand of shenwan hongyuan research institute and even the sell-side research of the securities market. the direction of manufacturing upgrading he proposed, "informatization, service, and platformization", is talked about by customers and even the industrial sector, and also provides a vision of the capital market for the practice of china's intelligent manufacturing.

in terms of management capabilities, zhou haichen was promoted to member of the shenwan hongyuan executive committee in january 2024, while serving as general manager of shenwan hongyuan research institute, in charge of the research and institutional business of shenwan hongyuan securities.

an insider of shenwan hongyuan securities said that this appointment is a measure for shenwan hongyuan securities to focus on cultivating high-quality talents and encourage the promotion of outstanding employees who have grown from the grassroots. it also demonstrates shenwan hongyuan securities' determination to carry forward and expand the influence of its traditional research business.

after taking on the role of party secretary and chairman of the institute, zhou haichen will continue to lead the institute in its transformation, continue to amplify shenwan hongyuan's voice in the capital market, consolidate the research foundation and quality, grasp the compliance red lines and professional bottom lines, and lay a good foundation for long-term steady development.