知名股评大佬，到龄退休

Core Viewpoint - The retirement of Li Kang, a prominent figure in the Chinese capital market, marks the end of an era as he has played a significant role in the development of the A-share market over the past 35 years [1][2]. Group 1: Li Kang's Career and Contributions - Li Kang, born in 1965, has had a diverse career spanning financial consulting, investment, sell-side research, and senior management roles [1][2]. - He gained recognition in the 1990s as a "stock commentator" for his in-depth analysis and exposure of financial issues in listed companies [2]. - Li joined Xiangcai Securities in 2009, where he served as Chief Economist and Director of the Research Institute, promoting a "research first" strategy to support the company's business development [3][6]. Group 2: Transition and Future Role - Li Kang's transition from his roles at Xiangcai Securities has been smooth, with his responsibilities being handed over to Cao Xute, who took over as the head of the research institute in March 2025 [3][6]. - Despite retiring, Li will continue to serve as an advisor to the Chief Economist Professional Committee of the China Securities Association, contributing to research and policy support for the industry [4][5]. Group 3: Xiangcai Securities Research Institute - The Xiangcai Securities Research Institute, established in 2009, aims to build a team of expert analysts and has a development goal of "Xiangcai Rising, Research First" [6][7]. - The institute primarily serves local governments and large enterprises, focusing on total research as a guiding principle [6]. - In the first half of 2025, Xiangcai Securities reported a commission income of 3.4828 million yuan, a year-on-year decrease of 23.42%, ranking 58th in the industry, which is an improvement of 14 places compared to the same period in 2024 [6].