国盛证券研究所分析师集体出走

Group 1 - The core viewpoint of the article highlights the significant personnel changes at Guosheng Securities, with key analysts leaving for other firms, raising concerns about talent retention and the impact on research capabilities [1][3][5] - Liu Gaochang, a prominent analyst who specialized in the computer industry, has officially joined Guojin Securities as the chief analyst and deputy director of the research institute, indicating a shift in talent within the industry [1][3] - The article notes that Guosheng Securities has seen a decline in its commission income from research, with a reported 28.35% decrease in the first half of 2025 compared to the previous year, ranking 21st in the industry [1][8] Group 2 - The article discusses the broader trend of analyst turnover in the securities industry, with at least five analysts from Guosheng Securities having their professional records removed from the Securities Association as of December [5][10] - It mentions that Guosheng Securities has been actively recruiting new research teams to fill the talent gap created by the departures, indicating a proactive approach to maintaining research output [1][5] - The research business is undergoing a transformation, shifting from traditional sell-side operations to a focus on industry research and asset allocation, as firms adapt to declining commission revenues [10][11]