炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 【导读】国投证券汽车分析师团队集体跳槽 中国基金报记者 莫琳 国投证券研究所大震荡！ 中国证券业协会系统显示，徐慧雄带领的国投证券汽车分析师团队已集体跳槽至国金证券，这已是该研究所年内第二次分析师团队集体跳槽。 同时，数据显示，截至12月3日，国投证券分析师人数已降至61人，较2024年底减少16人，降幅超20%。 汽车团队分析师集体离职 加入国金证券 系统显示，徐慧雄、夏心怡、何冠男、者斯琪、杨颖于11月27日至12月2日期间先后入职国金证券。 公开资料显示，徐慧雄是国投证券汽车行业首席分析师，南京大学经济学硕士学位。 | | | 登记基本信息 | | | | | --- | --- | --- | --- | --- | --- | | 11-2 | 徐慧雄 | 125 性别 | 男 | | | | 执业机构 | 国金证券股份有限公司 | 登记编号 | S1130525110005 | | | | 执业岗位 | 证券投资咨询(分析师) | 学历 | 硕士研究生 | | | | 登记日期 | 2025-11-28 | | | | | ...

Core Viewpoint - The article discusses the recent career move of Xie Honghe, former deputy director of the research institute at Zhongtai Securities, who has joined Great Wall Securities as the head of its industrial finance research institute, indicating a strategic shift in the company's research capabilities and focus on the energy sector [1][3]. Group 1: Xie Honghe's Background and Move - Xie Honghe has over 10 years of experience in the non-ferrous metals industry and has worked with several prominent securities firms, including Guosen Securities and Goldman Sachs Gao Hua [3]. - His last report at Zhongtai Securities was published on July 29, after which he ceased public communications [2]. - At Great Wall Securities, he will lead the industrial finance research institute, which was transformed from the financial research institute in April 2021, and is now associated with China Huaneng [3]. Group 2: Market Context and Challenges - The article highlights the current challenges faced by securities firms, including a decline in commission income due to increased competition, with Great Wall Securities' total commission dropping by 45.9% year-on-year to 56.77 million yuan in 2024 [5]. - The firm ranked 40th in the industry for commission income, down from 31st in 2021, indicating a need for strategic improvements in research and service offerings [5]. - The article notes that many securities firms are undergoing leadership changes in their research departments amid this competitive landscape [5][6]. Group 3: Research Focus and Future Outlook - Xie Honghe's recent analysis indicated that domestic policies aimed at stabilizing growth have led to price increases in most base metals, although a seasonal decline in consumption is noted [3]. - The long-term supply-demand dynamics suggest limited downside for base metal prices, particularly for rigid supply commodities like aluminum and copper, indicating potential investment opportunities [3]. - Great Wall Securities aims to enhance its influence in the low-carbon energy sector through the development of specialized research teams [4].