Zheshang Securities(SH:601878) 中国基金报·2025-10-15 11:45Core Viewpoint - The article discusses the leadership transition at Zheshang Securities, with Qian Wenhai nominated to succeed Wu Chenggen as chairman, marking a new chapter for the company as it aims to become a "medium-large securities firm" [2][5]. Leadership Transition - Wu Chenggen, the outgoing chairman, has led Zheshang Securities for nearly 20 years, transforming it from a near-bankrupt local brokerage into a leading mid-sized firm in China [2][4]. - Under Wu's leadership, the company achieved a total profit of 27.4 billion yuan and paid over 18.7 billion yuan in taxes, with dividends amounting to 4.2 billion yuan to shareholders [4]. Incoming Leadership - Qian Wenhai, born in March 1975, has been the president and party secretary of Zheshang Securities and is recognized for his practical management style [5][6]. - His previous roles include significant positions within Zhejiang Transportation Group, where he successfully led market-oriented transformations [6]. Strategic Developments - Since Qian took over operational leadership, Zheshang Securities has made three strategic breakthroughs: acquiring Guodu Securities, completing a record 7 billion yuan convertible bond conversion with a 99.88% conversion rate, and obtaining approval for non-financial corporate debt financing [7]. Future Goals - Zheshang Securities aims to enhance its competitive edge by integrating Guodu Securities and achieving a "1+1>2" synergy effect [9]. - The company has set ambitious targets to double key performance indicators such as revenue, total profit, total assets, and net assets by the end of 2030, aiming to rank among the top 15 firms in the industry [9][10]. Compliance and Risk Management - The company emphasizes the importance of solidifying compliance and risk management foundations, enhancing internal control systems, and leveraging technology to improve operational efficiency [10].