HTSC(SH:601688) Zhong Guo Jing Ji Wang·2025-10-27 08:35Group 1 - The core point of the article is the leadership change at Huatai Securities (Shanghai) Asset Management Co., with Jiang Xiaoyang replacing Cui Chun as chairman, facing multiple challenges ahead [1][2]. Group 2 - Jiang Xiaoyang has a diverse background within Huatai Securities, having worked in various departments before becoming the general manager of Huatai Securities (Shanghai) Asset Management Co. in January 2024 [1][2]. - The company reported a significant decline in net income from asset management fees, dropping to 893 million yuan in the first half of 2025, a 59.8% decrease from 2.22 billion yuan in the same period of 2024 [1]. - There is a pressing need for enhanced internal control measures, especially after the company faced penalties due to a "rat trading" incident, highlighting weaknesses in risk management [1]. - As of the end of the third quarter, the company's non-monetary asset scale was 27.183 billion yuan, ranking 94th among 162 institutions, indicating a need for improvement in equity investment capabilities [1].