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Core Viewpoint - The appointment of Hu Hengsong as the new General Manager of Caida Securities marks a significant leadership change, with a focus on enhancing the company's investment banking capabilities and regional development strategies [2][6]. Group 1: Leadership Change - Caida Securities announced the appointment of Hu Hengsong as General Manager, replacing Zhang Ming, who will no longer hold this position due to work adjustments [2]. - Hu Hengsong has nearly 10 years of experience in the capital market, having worked at major firms such as Hongyuan Securities, Shenwan Hongyuan Securities, and Industrial Securities before joining Caida Securities in 2018 [6][7]. Group 2: Business Development - Since Hu Hengsong's arrival, Caida Securities has seen significant growth in its investment banking business, particularly in bond underwriting, with the company ranking 22nd in 2024, a substantial improvement from previous years [7]. - During the 14th Five-Year Plan period, the company assisted various local governments in Hebei Province with over 800 special bond projects, achieving a financing scale exceeding 1 trillion yuan [7]. - The total assets under management in the asset management business reached 44.342 billion yuan, with the industry ranking improving from outside the top 70 to 25 [7]. Group 3: Regional Focus - As the only comprehensive listed brokerage in Hebei Province, Caida Securities is deeply engaged in the coordinated development of the Beijing-Tianjin-Hebei region, providing integrated solutions to local governments and enterprises [7]. - The company has established an efficient financial service system for state-owned enterprises in Henan Province, helping them transition and mitigate local debt risks [8].