2 1 Shi Ji Jing Ji Bao Dao·2025-06-01 13:21Group 1: Leadership Changes - Wang Sheng has been appointed as the new General Manager of Shenwan Hongyuan Research, succeeding Zhou Haichen, who will continue to oversee research and institutional business [1][3] - Wang Sheng has over 16 years of experience at Shenwan Hongyuan, having started as an analyst in the construction sector and has held multiple roles including Chief Strategy Analyst [2][3] - Zhou Haichen, the former General Manager, has been promoted to a position on the Executive Committee of Shenwan Hongyuan Securities, indicating a shift in leadership dynamics [1][3] Group 2: Research Expansion and Strategy - Despite challenges in the sell-side research sector, Shenwan Hongyuan Research has expanded its team, bringing in several leading figures in the industry [1][5] - The firm has a history of innovative practices, including the establishment of a point system and a senior analyst growth mechanism, which have evolved over nearly 20 years [6] - Wang Sheng emphasizes the importance of a balanced approach in research management, focusing on enhancing the "research product" concept to better meet client needs [7] Group 3: Market Outlook and Research Focus - Wang Sheng believes that the Chinese capital market is poised for a long-term bull market, driven by the rise of technology companies and advancements in artificial intelligence [4][5] - The research institute aims to integrate artificial intelligence into its operations, focusing on data systems and algorithmic improvements to enhance research methodologies [8] - The emphasis will be on developing a more agile and responsive research framework that aligns with the high demands of the financial investment landscape [8]