Securities Times reporter Wang Yuling
The reporter of Securities Times learned that, Shen Wanhongyuan Li Mei, General Manager of Securities Galaxy China The member and secretary of the Party Committee of Financial Holding Co., Ltd. (hereinafter referred to as "Galaxy Financial Holding") is proposed to be recommended as the director and chairman. At present, Shenwan Hongyuan Securities has publicized relevant information internally. It is understood that the selection of the new general manager of Shenwan Hongyuan Securities has not yet been announced.
Li Mei's upcoming China Galaxy Financial Holding and the listed company Shenwan Hongyuan are both subsidiaries of Central Huijin, and China Galaxy Financial Holding is the controlling shareholder of China Galaxy Securities.
Li Mei plans to work for Galaxy Financial Holding
It is understood that Li Mei served as Deputy Secretary of the Party Committee, Director and General Manager of Galaxy Financial Holding before she took the post of Shenwan Hongyuan Securities.
According to public data, Li Mei was born in January 1964 as a doctoral candidate. From August 1986 to September 1987, he worked in the Department of Finance of China Institute of Finance; From September 1987 to February 1994, he worked in the Education Department and Financial Management Department of the People's Bank of China; From February 1994 to August 1999, he worked at Cathay Pacific Securities and served successively as the director of the office of the board of directors and the executive office of the board of directors, and the general manager of the second trading department; From August 1999 to August 2007 Guotai Jun'an Vice President of Securities; Worked at Galaxy Securities from August 2007 to April 2012, successively serving as Vice President and Deputy Secretary of the Party Committee; From April 2012 to December 2014, served as the Deputy Secretary of the Party Committee, Director and General Manager of Galaxy Financial Holding; From December 2014 to now, he has served as Deputy Secretary of the Party Committee of Shenwan Hongyuan, Director and General Manager of Shenwan Hongyuan Securities.
Galaxy Financial Holding and the listed company Shenwan Hongyuan are both subsidiaries of Central Huijin. Galaxy Financial Holding is the first "financial holding" company in China approved by the State Council and registered in the State Administration for Industry and Commerce on August 8, 2005. It is a state-owned financial enterprise directly under the central government. The company was jointly initiated by the Ministry of Finance and the Central Huijin Investment Company, and was registered in the State Administration for Industry and Commerce in August 2005 with a registered capital of 7.963 billion yuan. Among them, Central Huijin Investment Company contributed 5.5 billion yuan, accounting for 69.07%; The Ministry of Finance contributed 2.313 billion yuan, accounting for 29.046%; The National Council of Social Security Fund contributed 150 million yuan, or 1.884%. The business scope of the company includes investment and management in securities, funds, insurance, trust, banking and other industries.
At present, according to the official website of Galaxy Financial Holding, Chen Gongyan is the secretary of the party committee and chairman of the board. Chen Gongyan is also the Party Secretary and Chairman of China Galaxy Securities.
China Galaxy Securities 2018 Semi annual Report shows that Galaxy Financial Holding is the controlling shareholder of China Galaxy Securities, holding 50.91% of the issued share capital of China Galaxy Securities at the end of June.
4-year experience of Shenwan Hongyuan
It is understood that Li Mei has served as the Deputy Secretary of the Party Committee, Director and General Manager of Shenwan Hongyuan Securities (i.e. Shenwan Hongyuan Group, the same below) since December 2014. This year, Shenyin Wanguo Securities carried out the merger with Hongyuan Securities.
In January 2015, the merger and reorganization transaction of Shenyin Wanguo Securities into Hongyuan Securities was successfully completed. Shenyin Wanguo Securities, as the surviving company, inherited and undertook all assets, liabilities, businesses, qualifications, personnel, contracts and all other rights and obligations of Hongyuan Securities. With the approval of the Institutional Department of the China Securities Regulatory Commission, the company invested all securities assets to establish three new securities companies: Shenwan Hongyuan Securities, Shenwan Hongyuan Underwriting Sponsor, and Shenwan Hongyuan West. At the same time, it invested to establish a wholly-owned subsidiary, Shenwan Hongyuan Investment Co., Ltd., and Shenwan Hongyuan Industrial Investment Management Co., Ltd. The listed company was renamed Shenwan Hongyuan Group Co., Ltd. and listed on the Shenzhen Stock Exchange. The securities are referred to as "Shenwan Hongyuan", forming a two-tier structure of "investment holding company (listed company)+securities subsidiary".
Shenwan Hongyuan is jointly held by Central Huijin Investment Co., Ltd. and China Construction Bank Investment Co., Ltd., which are controlled by Central Huijin Investment Co., Ltd., with a total holding ratio of 51.55%. Like the listed company China Galaxy Securities, Central Huijin Investment Co., Ltd. has also become the actual controller of Shenwan Hongyuan.
After the merger, Shenwan Hongyuan experienced a period of internal integration, and the industry is also discussing whether "1+1 is greater than 2". Looking back over the past three years, with the continuous decline in profits of the securities industry, the revenue and net profit of Shenwan Hongyuan also declined. The annual report shows that in 2015, Shenwan Hongyuan achieved a consolidated operating income of 30.463 billion yuan, up 115.24% year on year; The net profit attributable to shareholders of the parent company was 12.154 billion yuan, up 159.60% year on year.
In 2016, Shenwan Hongyuan achieved consolidated operating revenue of 14.72 billion yuan, a year-on-year decrease of 51.68%; The net profit attributable to the parent company was 5.409 billion yuan, down 55.50% year on year; In 2017, Shenwan Hongyuan achieved consolidated operating revenue of 13.368 billion yuan, down 9.15% year on year; The net profit attributable to the parent company was 4.6 billion yuan, down 14.96% year on year.
However, in the first half of 2018, Shenwan Hongyuan achieved an operating revenue of 6.075 billion yuan, up 0.21% year on year; The net profit attributable to shareholders of the listed company was 2.066 billion yuan, up 0.76% year on year.
Securities industry this year
There are many changes
The overall impression of the securities industry in 2018 is that there are too many changes of leadership, especially the change of chairman or president, which often gives a deep impression to the outside world.
According to the statistics of the Securities Times reporter, since this year, seven securities companies have appointed new chairmen and four securities companies have appointed new vice chairmen.
In May, take the helm Western Securities Liu Jianwu, the former chairman of the board of directors for nearly 13 years, submitted his resignation in writing due to changes in work arrangements, and Xu Chaohui, the former chairman of Western Trust, took over the post of chairman of Western Securities.
Gao Yingxin, the former chairman of BOC International Securities, began to perform his duties on September 12, 2016. On May 29 this year, Shanghai Securities Regulatory Bureau approved Lin Jingzhen to be employed as the new chairman of BOC International Securities, with an interval of less than two years. Lin Jingzhen was born in 1965 and worked in Bank of China With BOC Hong Kong Limited, Vice President of Bank of China since March 2018.
Caitong Securities Both Hejianghai Securities and Jianghai Securities were replaced due to the retirement of the former chairman of the board of directors. Both of them were taken over by the leaders of the competent units, both of whom were born after 60.
Eastmoney Is to better clarify the corporate governance structure. Previously, Chen Hong served as the chairman and general manager of Oriental Wealth Securities. In May this year, Chen Hong resigned as the chairman and Tao Tao took over. Chen Hong retained the position of general manager.
On September 10, Hunan Securities Regulatory Bureau approved Shi Hua's qualification as the chairman of the board of securities companies.
Editor in charge: Ma Qiuju SF186
