券业老将辞任，长城证券“青壮派”代任总裁

Core Viewpoint - Longcheng Securities is experiencing a leadership transition with the resignation of President Li Xiang, who has been with the company since its inception in 1995, and the appointment of Vice President Zhou Zhongshan as acting president. This change is not expected to disrupt the company's normal operations [2]. Group 1: Leadership Transition - Li Xiang resigned from his position as president of Longcheng Securities for personal reasons, and Zhou Zhongshan, a well-experienced internal candidate, will take over his responsibilities temporarily [2]. - Zhou Zhongshan, born in January 1974 and holding a doctorate, has a comprehensive background within Longcheng Securities, having served in various roles since joining in 1998 [2]. Group 2: Company Performance - Longcheng Securities has shown steady and rapid growth in recent years, achieving its best performance in the last three years according to the 2024 annual report [3]. - The company forecasts a net profit attributable to shareholders between 1.335 billion and 1.407 billion yuan for the first half of 2025, representing a year-on-year increase of 85% to 95% [3]. - The growth is attributed to the company's strategic market positioning, with stable growth in wealth management and proprietary investment, as well as a rapid recovery in investment banking and asset management [3]. Group 3: Industry Trends - The trend of younger leadership in the securities industry is evident, with Longcheng Securities appointing three new vice presidents from the 1970s generation, primarily promoted from within the company [3][4]. - The transition from older executives born in the 1960s to younger leaders from the 1970s and 1980s is becoming a common phenomenon across the securities industry, as seen in other firms like Guotou Securities and Fangzheng Securities [4].