Polaris Bay (SH:600155) Xi Niu Cai Jing·2025-12-25 12:04Core Viewpoint - Huachuang Securities Research Institute has undergone significant personnel changes, including the appointment of a new chief economist and the expansion of the management team [2] Group 1: Personnel Changes - Zhang Yu, the former deputy director and chief macro analyst, has been appointed as the chief economist of Huachuang Securities, no longer serving as deputy director [2] - Niu Bokun, the former chief economist, has transitioned to the role of assistant president and co-director of the research institute [2] - Wu Yifan and Zhou Guannan have been appointed as co-directors of the research institute, while Xu Kang has been named deputy director [2] Group 2: Experience of Key Personnel - Niu Bokun and Zhang Yu are both long-term employees of Huachuang Securities, with over ten years of service [2] - Wu Yifan has 14 years of experience in transportation industry research and has been with the institute since 2016 [2] - Zhou Guannan previously worked at Citic Bank and joined the institute in 2015, currently serving as the head of the fixed income group [2] - Xu Kang has a background in banking and has been with Huachuang Securities since 2016, focusing on the insurance, securities, and fintech sectors [2] Group 3: Team Expansion - The research institute has expanded its management team by promoting several research professionals across various fields, including transportation, fixed income, non-bank financials, consumer goods, and pharmaceuticals [2] - Ouyang Yu, the head of the consumer group, and Zheng Chen, the head of the pharmaceutical group, have both been appointed as assistant directors [3] - Ouyang Yu has eight years of experience in food and beverage research and joined Huachuang Securities in 2020 [3] - Zheng Chen has previously worked at China Ocean Fund and Changjiang Securities, joining Huachuang Securities in November 2020 [3]