GF SECURITIES(SZ:000776) Sou Hu Cai Jing·2025-11-04 10:11Core Viewpoint - The announcement of a leadership change at GF Securities Asset Management (Guangdong) Co., Ltd. indicates a strategic shift within the company, with Sun Xiaoyan set to take over as chairman from Qin Li on October 31, 2025, following Qin's departure due to work arrangements [2][3]. Group 1: Leadership Change - Sun Xiaoyan will officially assume the role of chairman on October 31, 2025, succeeding Qin Li, who is leaving due to work arrangements [2][3]. - Sun Xiaoyan has a long-standing career with GF Securities, having joined in July 1993 and worked across various departments, including the capital operations, accounting, and investment banking divisions [3][4]. - The leadership transition comes amid a series of executive changes at GF Asset Management, including the retirement of CIO Jiang Rong and the appointment of new executives in compliance and technology roles [4]. Group 2: Company Background - GF Asset Management, a wholly-owned subsidiary of GF Securities, was established on January 2, 2014, and is recognized as the first securities firm asset management company in South China [5]. - As of June 30, 2025, GF Asset Management reported a net asset value of 250.645 billion yuan, with specific asset management plans showing varied growth rates compared to the end of 2024 [5]. - The net value of single and special asset management plans increased by 4.56% and 39.49%, respectively, while the net value of collective asset management plans decreased by 8.85%, leading to an overall decline of 1.13% in total scale compared to the end of 2024 [5].