券业老将转会！申万宏源承销保荐董事长，下一站定了！

Core Viewpoint - The article discusses the career transition of Zheng Zhiguo, a veteran in the securities industry, who is set to join Debon Securities as a Senior Vice President, marking a significant shift in his professional journey [1][3]. Group 1: Zheng Zhiguo's Background and Achievements - Zheng Zhiguo has a robust investment research background and extensive management experience, having spent 23 years at Shenwan Hongyuan Research Institute, known as a "Huangpu Military Academy" for securities research [2]. - He led major innovations in the research system, establishing a comprehensive research framework that integrates investment research, industrial research, and policy research [2]. - Zheng was instrumental in founding the Policy Research Office and the Shenwan Hongyuan Industrial Research Institute, enhancing the firm's research capabilities and establishing it as a leading brand in the industry [2]. Group 2: Transition to Debon Securities - Zheng's move to Debon Securities is expected to strengthen the company's investment research and investment banking capabilities, as he brings a multifaceted management background [3]. - His current registration with Shenwan Hongyuan Securities remains active, indicating a formal transition process [3][4]. Group 3: Debon Securities' Recent Developments - Debon Securities has recently undergone significant leadership changes, with the approval of new major shareholders, marking a transition to state control [5][6]. - The company is actively recruiting experienced external talent to enhance its management team, including former executives from other securities firms [6][7]. - Financial performance has improved since the state acquisition, with a reported revenue of 653 million yuan in the first half of 2025, reflecting a year-on-year growth of 10.87% and a return to profitability with a net profit of 54 million yuan [7].