张瑜接任华创证券首席经济学家 宏观研究领军者完成新老交接

Core Viewpoint - The appointment of Zhang Yu as the new Chief Economist at Huachuang Securities marks a significant leadership transition within the firm, reflecting its commitment to nurturing internal talent and enhancing its macroeconomic research capabilities [1][3][5]. Group 1: Appointment Details - Zhang Yu, previously the Deputy Director of the Research Institute, has officially taken over the role of Chief Economist, succeeding Niu Bokun, who has transitioned to the position of Assistant President and Co-Director of the Research Institute [1][3]. - This leadership change is part of a broader series of talent promotions within Huachuang Securities, indicating a strategic shift towards a new generation of core researchers [3][8]. Group 2: Zhang Yu's Background - Zhang Yu's career trajectory exemplifies the "research leads to promotion" model, having joined Huachuang Securities in 2018 and developed expertise in macroeconomics, RMB exchange rates, and fiscal policy [4][9]. - Her participation in a high-profile economic forum hosted by the Premier in October 2025, where she provided insights on macroeconomic policy, underscores her influence and the practical value of her research work [4][9]. Group 3: Responsibilities and Expectations - According to the requirements set by the China Securities Regulatory Commission and the Securities Association of China, the Chief Economist is expected to specialize in research on significant macroeconomic and capital market issues [5][10]. - Zhang Yu's insights and research strategies are anticipated to serve as a new lens for observing Huachuang Securities' macroeconomic perspectives, especially in the context of public fund fee reforms and the transformation of research operations [5][10].