On November 6th, CaiLian Press reported (Journalist Lin Jian) that Chengtong Securities announced the selection of a new general manager. The veteran investment banker Xi Rui will take over this core position that has been vacant for nearly six month

Xi Rui was recruited by Chengtong Securities, which is in line with the trend of the securities industry in recent years. Earlier in June this year, China Finance News has tracked the report in 'Rarely seen simultaneous recruitment of both president

According to the latest personnel changes, the current senior management team of Chengtong Securities includes the following individuals:

Chairman: Zhang Wei (performing the duties of financial director)

Director: Huang Wenmin, Luo Xiaoping

Independent Directors: Wang Daxiong and Fu Lin

General Manager: Xi Rui (Newly appointed to the core position)

Deputy General Managers: Zhang Xiaochuan and Shen Hao (Shen Hao also serving as the Secretary of the Board).

Chief Compliance Officer and Chief Risk Officer: Li Feng

Chief Information Officer: Li Ning

The senior management team is quite noteworthy: Chairman Zhang Wei worked at the Legislative Affairs Office of the State Council in his early career, and later served as the general manager of the Financial Management Department at Chengtong Group an

Xi Rui takes over, what can this 20-year veteran of the investment banking industry bring to Chengtong?

What changes are expected from the appointment of Xi Rui? This is what the industry is most concerned about. He is mainly responsible for finance, brokerage, asset management, research institute and other lines.

According to his public resume, the 1978-born individual possesses over 20 years of investment banking experience. He has managed institutions such as Orient Securities, East Money-Citigroup, and Shenyin Hongyuan Securities. His career has risen from

The appointment of Xi Rui is due to the vacancy of Chengtong Securities' general manager on May 14th this year. At that time, Chengtong Securities announced that Ye Shunde, who had been serving as the general manager for nearly 13 years in the compan

The background of the new general manager fits well with the strategic positioning of Chengtong Securities. Since its merger into the Chengtong Group, the company has clarified its core direction of 'serving the high-quality development of state-owne

The reporter learned that during his tenure as the deputy general manager of Shenhonguangyuan Underwriting and Sponsorship, Xi Rui has been involved in team management and business coordination. This echoes the current business reconstruction of Chen

However, pressure on the business side is a matter that needs attention. According to data, in the first half of 2025, Chengtong Securities' investment banking business achieved operating income of 1777500 yuan, with an operating profit of -16307900

Top Management Shake-Up

State-owned central enterprise brokerage firms are undergoing a 'generational shift'. With the departure of Qin Hao, who served as an executive during the New Era Securities era, this brokerage firm, which merged into Chengtong Group in 2022, has com

According to public information, the senior management of Chengtong Securities has undergone three rounds of key adjustments by 2025: the departure of former General Manager Ye Shuner in May, with Chairman Zhang Wei stepping in to perform the duties,

More importantly, with Qin Hao's departure, most of the former senior executives of New Era Securities have all withdrawn. Back in 2020, the former New Era Securities was taken over by regulatory authorities due to internal control issues. The Beijin

As we can see, this securities trader, once taken over due to governance imbalance, has completed the transformation from equity restructuring to team reconstruction in three years. Its path reflects the survival logic of small and medium-sized secur

Since 2024, Chengtong Securities has reviewed 23 internal processes in line with state asset management requirements. When recruiting a deputy general manager this year, the company explicitly required candidates to be able to lead in building core b

For instance, the recruitment of 105 individuals launched in late October this year is a large-scale new hire for Chengtong Securities. Unlike the recruitment of 70 individuals in 2024 focusing on basic positions, this time it targets core management

In the eyes of industry insiders, this massive recruitment marks a formal transition of Chengtong Securities from a rectification period to a development phase. After being merged into the Chengtong Group in 2022, the company spent the first two year

From the perspective of resource endowment, Chengtong Group's shareholder background provides support for recruitment. As a central enterprise capital operation platform, Chengtong Group owns diverse financial licenses such as factoring, funds, and i

Similarly, this recruitment is happening at a time when the securities industry is experiencing increasing differentiation. Both the new Nine Measures and the CSRC's Opinions on Building a First-Class Investment Bank encourage small and medium-sized

Next, the market will focus more on effectiveness. Whether Xi Rui's leadership in the investment banking business can drive more businesses to grow rapidly? Can the brokerage, asset management, and research team become more competitive? Can the compl