Sou Hu Cai Jing·2025-11-17 08:15Group 1 - The core point of the article revolves around the potential resignation of Gong Dexiong as the chairman of Dongfang Securities and his possible transition to Shanghai International Group amid rumors of mergers among Shanghai securities firms [2][5]. - The Shanghai government has initiated a plan to accelerate the merger of securities companies, aiming to create a top-tier investment bank by 2025-2027, which includes the integration of various securities licenses under state-owned enterprises [5][6]. - Gong Dexiong has a long and diverse career in the financial sector, having held multiple significant positions in various firms, including Shanghai International Trust Investment Company and Guotai Junan Securities [6]. Group 2 - Dongfang Securities has shown strong performance recently, with a reported revenue of 4.707 billion yuan for Q3 2025, marking a year-on-year increase of 40.25%, and a net profit of 1.647 billion yuan, up 38.35% [8]. - The company achieved a total revenue of 12.708 billion yuan for the first three quarters of 2025, reflecting a growth of 39.38%, and a net profit of 5.110 billion yuan, which is a 54.76% increase year-on-year [8]. - The leadership transition raises questions about who will succeed Gong Dexiong and continue the growth trajectory of Dongfang Securities, as the company navigates potential mergers and industry changes [8].