Caitong Securities(SH:601108) Xin Lang Cai Jing·2025-12-31 10:12Core Viewpoint - The appointment of Zou Guanghang as the new Deputy General Manager and Financial Officer of Caitong Asset Management marks a significant leadership change, reflecting the ongoing transformation and reform within the securities asset management industry in China [1][4][5]. Group 1: Company Overview - Zou Guanghang has 18 years of experience in human resources management within the financial sector, having previously worked at Ping An Asset Management and Oriental Red Asset Management [3][8]. - Caitong Asset Management, established in 2014, is a wholly-owned subsidiary of Caitong Securities and has seen its entrusted asset management scale exceed 300 billion yuan, ranking third among securities asset management institutions in China [4][9]. Group 2: Industry Context - The securities asset management sector is undergoing a significant leadership reshuffle, with several high-profile changes among management teams, indicating a critical period of transformation and reform [4][9]. - As of November 2025, only 14 securities firms and asset management subsidiaries hold public offering qualifications, and many companies have withdrawn their applications for public offering licenses, reflecting a pause in the expansion of public fund management [5][9]. - The industry is experiencing a shift towards high-quality development characterized by stable total assets, optimized structures, and highlighted features, with expectations for continued focus on active management strategies in 2026 [5][10].