Group 1 - The core point of the news is that China Chengtong Securities is publicly recruiting a General Manager and a Deputy General Manager to meet its development needs, with a deadline for applications set for June 12, 2025 [1][3]. - The previous General Manager, Ye Shunde, has resigned after nearly 13 years in the position, effective May 12, 2024, and Zhang Wei, the company's Party Secretary and Chairman, is currently acting in this role [2][6]. - The recruitment for the General Manager requires comprehensive responsibility for daily operations, coordination of business lines, and strategic planning based on national financial policies and market conditions [3][5]. Group 2 - The Deputy General Manager will oversee front-line business lines and is expected to develop strategies and operational plans in alignment with the company's overall strategy [3][5]. - Both positions require significant prior experience, with the General Manager needing at least 5 years of party membership and both roles requiring experience in leadership positions within financial institutions [5][6]. - Chengtong Securities reported a revenue of 1.745 billion yuan and a net profit of 447 million yuan for 2024, with total assets amounting to 30.106 billion yuan by the end of 2024 [6].

每经记者｜陈晨 每经编辑｜彭水萍 在原总经理离任后，诚通证券抛出"橄榄枝"。近期中国诚通发布了诚通证券公开招聘的公告：诚通证券 面向社会和集团内企业招募优秀人才，包括1名总经理和1名副总经理。记者梳理发现，此次招聘对两大 核心岗位设置了严格的任职门槛，集中体现了国有金融企业对高级管理人才的政治素养、专业能力与合 规记录的高要求。 值得一提的是，此次也是诚通证券第二次公开招聘副总经理。就在今年年初，诚通证券曾计划招聘1名 副总经理和1名合规总监（首席风险官）。记者注意到，今年4月末，新的合规总监、首席风险官已履 职，而副总经理仍虚位以待。 公开招聘1名总经理和1名副总经理 其实，不仅仅是总经理职位，今年以来，诚通证券不断向外释放吸纳人才的信号。2024年11月初，诚通 证券发布公告称，因个人原因，周光平不再担任合规总监兼首席风险官。 随后2025年1月，诚通证券发布"英雄帖"，其中就包括计划招聘1名合规总监（首席风险官）。记者了解 到，在经过3个月时间的选拔后，新的合规总监（首席风险官）已经上任。4月30日，诚通证券宣布，新 任李枫为合规总监、首席风险官。在此之前，李枫曾任诚通证券合规管理部执行总经理、总经理。 ...

证券行业，公开选聘高管又添一例。 近日，中国诚通集团在官方微信公众号发布消息称，根据发展需要，按照公平、公正、公开原则，现面向社会 和集团内企业招募诚通证券总经理 1人、诚通证券副总经理 1人。 2024年以来，对外公开选聘高管的情况在证券行业时有发生，但相较前几年并未有明显增加趋势。多位公司治 理学者向券商中国记者表示，这主要系证券行业从业门槛较高，高端人才稀缺，以及内部融合难等多方面原因 导致，但公开选聘高管是一个必然趋势。 4月30日，诚通证券公告了合规总监兼首席风险官一职的人选，由李枫担任。履历资料显示，李枫曾任中国证 监会北京监管局机构一处主任科员、公司二处主任科员，信达证券法律合规部副总经理、总经理，大和证券 （中国）法务合规部总经理，诚通证券合规管理部执行总经理、总经理。 南开大学金融发展研究院院长田利辉对记者表示，公开选聘有助于引入具有多元背景的高管，快速弥补短板， 推动业务创新，提升专业性。而且，公开透明的选拔流程可提升投资者信任，尤其对需拓展机构客户的国有券 商意义重大。 副总经理主要分管前台业务条线 中国诚通集团是国务院国资委监管的中央企业，构建了基金投资、股权管理、资产管理、金融服务及 ...

Core Viewpoint - The recent leadership change at Chengtong Securities, with Zhang Wei replacing Ye Shunde as General Manager, reflects a strategic shift towards compliance and risk management following past regulatory issues [1][10][11]. Group 1: Leadership Changes - Ye Shunde, who served as Chairman and General Manager since 2016, has stepped down, leaving only one executive from the previous management team [1][8]. - Zhang Wei, the new General Manager, has a background in regulatory affairs and has held various positions within the Chengtong Group [1][10]. - The new executive team includes several members with regulatory experience, aligning with the company's strategic direction [2][10]. Group 2: Strategic Direction - Since being integrated into Chengtong Group, Chengtong Securities has focused on serving state-owned enterprises (SOEs) and aligning with the group's "4+1" development strategy [2][3]. - The company aims to embed its development within the overall strategy of the group and explore effective paths to serve SOEs [3][13]. - Chengtong Securities emphasizes compliance and risk management, with a strategic plan for 2023-2025 that focuses on serving the real economy and SOEs [11][12]. Group 3: Performance and Market Position - Despite the overall recovery in the securities industry in 2024, Chengtong Securities' performance has not kept pace, with revenue and net profit growth lagging behind industry averages [14]. - The company has a cautious investment style, focusing on risk control rather than aggressive revenue generation, which may limit its growth during favorable market conditions [15]. - Chengtong Securities has introduced innovative service products aimed at SOEs, enhancing its market position and service offerings [15][16]. Group 4: Industry Trends - The regulatory environment encourages differentiated development among smaller institutions, which aligns with Chengtong Securities' strategic focus [17]. - Other small securities firms are exploring new business models to serve local economies, indicating a trend towards resource integration and collaboration [18][19].

（本文机构观点来自持牌证券机构，不构成任何投资建议，亦不代表平台观点，请投资人独立判断和决 策。） 消息面上，5月贷款市场报价利率（LPR）报价出炉：5年期以上LPR为3.5%，上月为3.6%。1年期LPR 为3%，上月为3.1%。 诚通证券表示，科技与内循环业绩兑现良好，后续有望仍为年内主线。全年来看，自上而下角度，科技 与提振内需仍是年内产业政策主线。自下而上角度，AI产业链国内外产业趋势已经共振。但阶段性而 言，市场4月中旬反弹至今已进入利好兑现阶段，风险偏好或面临回落，红利板块阶段性配置价值更占 优。 国盛证券表示，伴随中长期资金占比提升与短期投机资金退潮，市场波动率显著收敛，企业盈利质量 （ROE）对股价的驱动作用持续强化。当前，资金面阶段性收紧与公募新规的长周期考核要求，进一步 抑制题材炒作惯性，引导资金流向盈利稳定、估值合理的价值型资产。市场逐步回归基本面定价，具备 可持续竞争优势的企业将赢得长期资本青睐。 5月20日，A股三大指数全线飘红，中证A500指数截至发稿涨0.18%，华海药业涨停，上海家化、泰格 医药、信立泰等跟涨。 相关ETF方面，A500指数ETF（159351）小幅走高，截至发 ...

Core Viewpoint - The recent leadership changes at Chengtong Securities, including the departure of General Manager Ye Shunde and the appointment of Zhang Wei as acting General Manager, indicate a strategic shift within the company as it aims to enhance its digital financial services and overall operational efficiency [1][4][6]. Leadership Changes - Ye Shunde has left his position as General Manager due to work needs after over 12 years with the company, having joined in 2012 [4]. - Zhang Wei, currently the Chairman and Party Secretary, is now also acting as General Manager and has taken on the role of financial head [1][5]. - The compliance director and chief risk officer position was recently filled by Li Feng after a six-month vacancy [2][5]. Financial Performance - Chengtong Securities has achieved positive net profit growth for three consecutive years since becoming a subsidiary of China Chengtong [6]. - In 2024, the company reported revenues of 1.745 billion yuan, a slight decline, while net profit attributable to shareholders was 362 million yuan, reflecting a year-on-year increase of 5.02% [6]. Business Segments - The two main contributors to the company's performance are margin financing and brokerage services, with net interest income from margin financing reaching 497 million yuan, a year-on-year increase of 34.48% [7]. - Brokerage service fees amounted to 226 million yuan, up 20.06% from the previous year [7]. - Asset management services, although a smaller segment, saw the highest growth rate with net fees of 17 million yuan, an increase of 88.58% [7]. Decline in Other Segments - Investment banking and proprietary trading segments experienced declines, with investment banking fees dropping to 6 million yuan, a decrease of 7.4% [8]. - Proprietary trading revenue fell by 90 million yuan compared to the previous year, totaling 173 million yuan in 2024 [8].

Management Changes - The general manager of Chengtong Securities, Ye Shunde, has resigned due to work needs, effective from May 12, with Chairman Zhang Wei temporarily taking over the role [1] - Ye Shunde has been with Chengtong Securities for over 12 years, having joined in October 2012 and served as general manager since the company's rebranding in June 2022 [1] - Zhang Wei, who has a background in various financial institutions, is currently the only executive in the company holding multiple key positions, including acting general manager and financial officer [1] Compliance and Risk Management - The position of compliance director and chief risk officer was only recently filled after a six-month vacancy following the departure of the previous officer, Zhou Guangping [2] - Li Feng, the new compliance director and chief risk officer, has extensive experience in regulatory and compliance roles within the financial sector [2] - The financial officer position remains unfilled after the resignation of Yan Junhua, who served for just over a year [2] Financial Performance - Chengtong Securities reported a slight decline in revenue for 2024, achieving 1.745 billion yuan, while net profit attributable to shareholders increased by 5.02% to 362 million yuan [2] - The company's performance was significantly driven by margin financing and securities lending (two-in-one business), which generated net interest income of 497 million yuan, a year-on-year increase of 34.48% [3] - Brokerage business also showed growth, with net commission income reaching 226 million yuan, up 20.06% year-on-year [3] - Asset management business, although smaller in contribution, saw the highest growth rate, with net income from fees increasing by 88.58% to 17 million yuan [3] - In contrast, investment banking and proprietary trading businesses experienced declines, with investment banking fees down 7.4% to 6 million yuan and proprietary trading income decreasing by 90 million yuan [3]

Core Viewpoint - The recent leadership changes at Chengtong Securities, including the departure of General Manager Ye Shunde and the appointment of Zhang Wei as acting General Manager, reflect ongoing adjustments within the company as it continues its transformation from a private enterprise to a state-owned enterprise [1][2]. Group 1: Leadership Changes - Ye Shunde has stepped down as General Manager of Chengtong Securities, with Zhang Wei, the Chairman, taking over the role [1]. - The company appointed Li Feng as the new Compliance Director and Chief Risk Officer on April 30, 2024, following a public recruitment process [2]. - Chengtong Securities has experienced multiple executive changes since the second half of last year, indicating a period of transition and restructuring [2]. Group 2: Financial Performance - Chengtong Securities reported revenues of 1.555 billion, 1.745 billion, and 1.745 billion for the years 2022, 2023, and 2024, respectively, with net profits of 358 million, 345 million, and 362 million [3]. - The company achieved continuous positive net profit growth for three consecutive years since joining the group [3]. Group 3: Revenue Sources - The majority of Chengtong Securities' revenue is derived from its subsidiary, Rongtong Fund, with fund business income accounting for 53.62%, 53.73%, and 51.02% of total revenue in 2022, 2023, and the first three quarters of 2024, respectively [3]. - Brokerage and credit business revenues contributed approximately 30% to the total income, with respective contributions of 37.71%, 29.98%, and 27.33% over the same periods [3]. Group 4: Asset Management - As of the end of 2024, Chengtong Securities had a total asset under custody of 101.165 billion, reflecting a 9.34% increase from the previous year [4]. - The company aims to enhance its brokerage services for state-owned enterprises and improve the integration of institutional and credit business [4].

【导读】诚通证券总经理叶顺德因工作需要离任 券业高管变动频繁，又有券商总经理离任！ 5月14日，诚通证券发布公告称，总经理叶顺德因工作需要离任，离任日期为5月12日。叶顺德离任后，由公司党委书记、董 事长张威代为履职。 | 基金管理人名称 | 诚通证券股份有限公司 | | --- | --- | | 公告依据 | 《证券基金经营机构董事、监事、高级管理人员 | | | 及从业人员监督管理办法》《公开募集证券投资 | | | 基金信息披露管理办法》等有关法规。 | | 高管变更类型 | 离任基金管理公司总经理 | 截至记者发稿，诚通证券官网信息公示页面的"公司董事、监事、高级管理人员"中已无叶顺德的任职信息，董事长张威代行 总经理、财务负责人职责。后续诚通证券新任总经理人选，值得市场关注。 业绩方面，2024年诚通证券实现营业收入17.45亿元，实现净利润4.47亿元。截至2024年底，诚通证券资产总额为301.06亿 元。诚通证券称，其作为中国诚通金融服务板块的重要组成部分，公司坚持服务实体经济、服务国资央企高质量发展、服务 国有资本运营战略的定位，扎实做好各项经营工作，取得了净利润连续3年正增长的成绩。 进 ...

Core Viewpoint - In 2024, while the equity financing market has not fully recovered, the bond financing market continues to grow steadily, benefiting the bond underwriting business of securities firms, which saw a year-on-year increase of 4.62%, bringing warmth to investment banking performance [1]. Group 1: Bond Underwriting Performance - In 2024, the total bond underwriting amount by securities firms reached 14.14 trillion yuan, a year-on-year increase of 4.62% [3]. - The overall bond issuance scale in the market was 79.86 trillion yuan, reflecting a year-on-year growth of 12.41% [3]. - 41 securities firms achieved positive growth in bond underwriting amounts in 2024, with the highest increase being 263% for Chengtong Securities [2][4]. Group 2: Market Dynamics and Rankings - The top ten securities firms continue to dominate the market, capturing nearly 70% of the total market share, with the top five firms maintaining their positions [6]. - China Galaxy Securities and招商证券 entered the top ten for the first time, ranking seventh and tenth respectively, while Haitong Securities and Ping An Securities dropped out of the top ten [7]. - The bond underwriting amounts for eight firms, including Xiangcai Securities and Bohai Securities, declined by over 50% compared to 2023 [6]. Group 3: Growth Drivers and Innovations - The main drivers of bond financing business growth are local government bonds, followed by financial bonds and corporate bonds [8]. - Notable achievements in specialized bonds include the issuance of the first blue exchangeable bond globally and the first technology innovation low-carbon transformation corporate bond domestically by CITIC Securities [9]. - Small and medium-sized securities firms have made breakthroughs in niche areas, such as Dongwu Securities issuing the first "carbon neutrality + rural revitalization + high-growth industry bond" [9]. Group 4: Future Outlook - Securities firms anticipate three key focuses for 2025: deepening local financing platform services, optimizing business layout to meet diverse client needs, and increasing innovation in bond varieties, particularly in "technology innovation bonds" [9].