独家！知名券商研究所三员大将，即将奔赴下一站

Group 1 - Key Point 1: Three key analysts from Guosheng Securities are leaving the firm, including Zheng Zhenxiang, Zhang Jinyang, and Liu Gaochang, who have submitted their resignation applications [1][2] - Key Point 2: Zheng Zhenxiang, who has over 15 years of experience and has been recognized as a top analyst in the electronics sector, is expected to transition from sell-side to buy-side [1][2] - Key Point 3: Zhang Jinyang, the current assistant director and head of pharmaceutical research, is set to become the deputy director at Guolian Minsheng Securities [1][2] Group 2 - Key Point 1: Liu Gaochang, the youngest chief analyst in the computer industry, is moving to Dongfang Caifu Securities and has been recognized as the top analyst in the computer sector for three consecutive years [2] - Key Point 2: The research department of Guosheng Securities has faced a significant decline in commission income, with a 28.35% year-on-year drop in the first half of 2025, amounting to 0.95 billion yuan [3] - Key Point 3: The total pool of commissions available for research payments is expected to shrink significantly due to the upcoming public fund fee reform in July 2024, impacting smaller brokerage firms [3]