知名股评大佬，到龄退休

Core Viewpoint - The article discusses the retirement of Li Kang, the chief economist of Xiangcai Securities, who has played a significant role in the development of China's capital market over the past 35 years, marking the end of an era for the industry [1][4]. Group 1: Li Kang's Career and Contributions - Li Kang, born in 1965, has a diverse career spanning financial consulting, investment, sell-side research, and senior management roles in securities firms [1][5]. - He gained recognition in the 1990s as a prominent stock commentator and financial journalist, known for his in-depth analysis of financial issues in listed companies [5][6]. - After joining Xiangcai Securities in 2009, he implemented a "research first" strategy that significantly contributed to the company's business development [6][10]. Group 2: Transition and Future Role - Li Kang's retirement was officially announced on January 7, 2026, after a smooth transition of responsibilities to his successor, Cao Xute, who took over as the head of the research institute [1][10]. - Despite retiring, Li Kang will continue to serve as an advisor to the Chief Economist Professional Committee of the China Securities Association, emphasizing his ongoing influence in the industry [7][9]. Group 3: Xiangcai Securities' Research Institute - Under Li Kang's leadership, Xiangcai Securities' research institute aimed to create value through research and enhance the company's brand influence [10][12]. - The research institute primarily serves local governments and large enterprises, focusing on total research as a guiding principle [10][12]. - In the first half of 2025, Xiangcai Securities reported a commission income of 3.4828 million yuan, a year-on-year decrease of 23.42%, ranking 58th in the industry, but improving by 14 positions compared to the previous year [10].