550亿上市券商，聘任“85后”副总！

Core Viewpoint - The appointment of Cheng Yuan as the new deputy general manager of Xinda Securities reflects a significant shift in the talent value orientation within the securities industry, moving towards a composite talent structure that integrates research and investment [4][9]. Group 1: Appointment Details - On July 1, Xinda Securities announced the appointment of Cheng Yuan as the deputy general manager, with the term starting from the board meeting approval until the end of the sixth board term [6]. - Cheng Yuan, born in July 1985, has 17 years of experience in the securities industry and is recognized for his dual background in both buy-side and sell-side roles [7]. Group 2: Professional Background - Cheng Yuan has previously worked at Dongxing Securities and Huatai Securities, where he gained extensive experience in research and investment [4][7]. - He has held various positions, including chief researcher in the textile and apparel sector and investment director at Dongxing Securities, managing multiple public funds [7]. Group 3: Industry Trends - The appointment signifies a trend towards younger and more integrated talent in the executive structure of securities firms, with a notable increase in composite talents who possess both research and investment capabilities [9][11]. - The industry is witnessing a shift towards a "research-oriented" approach, with firms like Xinda Securities aiming to enhance their market influence through sell-side research [8][9]. Group 4: Company Performance - Under Cheng Yuan's leadership, Xinda Securities has developed a comprehensive research system covering over 30 fields, resulting in significant growth in research commission income from 2019 to 2022, with a ranking increase of 21 positions in the industry [8]. - As of July 1, Xinda Securities' stock price was 16.93 yuan per share, with a total market capitalization of 549 billion yuan [11].