Core Viewpoint - The article discusses the passing of Qi Guoqi, the former president of Guohai Securities, highlighting his contributions to the securities industry and the company's development during his tenure [1][4][5]. Group 1: Career Overview - Qi Guoqi began his career in the securities industry in 1996, working for various firms including Junan Securities, Guotai Junan, Minsheng Securities, and Guohai Securities [4][6]. - He served at Guohai Securities for 11 years, where he held positions as vice president and president, witnessing significant industry changes [4][7]. - Qi was known for his decisive management style and was regarded as a pioneer in exploring management mechanisms within the brokerage industry [7]. Group 2: Contributions to Guohai Securities - During his tenure, Qi established the fixed income business as a key segment for Guohai Securities, which became a defining characteristic of the firm [4][8]. - Under his leadership, the fixed income business saw substantial growth, with revenues surpassing 1 billion yuan by 2007 and contributing over 10% to the company's total income by 2010 [8][10]. - Qi implemented a quasi-business unit management model to enhance employee motivation and operational efficiency, which attracted talented teams to the company [8][9]. Group 3: Strategic Developments - Qi played a crucial role in Guohai Securities' successful backdoor listing on the A-share market in 2011, marking a significant milestone for the company [10][11]. - Following the listing, the company raised 3.256 billion yuan through a share placement to strengthen its capital base and expand its business operations [11]. - The funds raised were allocated to various initiatives, including increasing margin financing, enhancing subsidiary investments, and expanding asset management capabilities [11].
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