Group 1 - The securities industry is accelerating its transition towards high-quality development, facing intensified competition that presents both opportunities and challenges for brokerages [1] - Recent changes in executive leadership within the securities industry indicate a trend of talent turnover, with a preference for executives with diverse professional backgrounds [1][2] - Several executives have resigned due to work adjustments or retirement, including notable figures from companies like Xinda Securities and First Capital Securities [1] Group 2 - New executives are being appointed across various brokerages, with many possessing extensive cross-industry experience, such as the incoming general manager of Caitong Securities, Ying Chaohui, who has a background in state-owned enterprise management [2] - The trend of market-oriented recruitment for executives is becoming prominent, allowing brokerages to attract talent with professional expertise and innovative thinking [3][4] - Market-oriented selection mechanisms are believed to enhance the long-term sustainable development of brokerages by introducing diverse external talent, which can drive innovation in business models and service systems [4]