See the change of senior managers of securities companies again! Women will quietly join the business to welcome the turning point?

category:Finance
 See the change of senior managers of securities companies again! Women will quietly join the business to welcome the turning point?


Recently, Huarong securities updated its official website with a low profile, and the post of deputy secretary of the Party committee and general manager was updated to Tong Yan. According to the public resume information, Tong Yan had more than 10 years of working experience in regulatory departments before, and then transferred to the assistant president of Shanghai Stock Exchange. In May 2017, Tong Yan went to Minsheng securities as vice president, and became the general manager of Huarong securities in August this year.

At present, Zhang Haiwen, chairman of Huarong securities and Tong Yan, also has rich regulatory experience. Zhang Haiwen, who joined Huarong securities in mid-2019, previously served as secretary of the Party committee and director of the Inspection Bureau of Tianjin Securities Regulatory Bureau. After being affected by the group, the directors, supervisors and senior management of Huarong securities changed frequently. Can Huarong securities usher in a Business Turnaround under the background of general supervision?

The storm of Lai case gradually subsided, and Huarong securities, once implicated by the group, reappeared the change of senior management personnel. This time, Huarong securities ushered in a female general manager.

Recently, Huarong securities updated its official website with a low profile, and the post of Deputy Secretary of the Party committee and general manager has been updated to Tong Yan. Prior to that, on August 27, Huarong securities issued a notice on the change of the companys general manager in the bond market, and Zhang Haiwen, chairman of the board, no longer performed the duties of the general manager of Huarong securities.

According to the public resume information, Tong Yan had many years of supervision work experience. After graduating from the Financial Research Institute of the peoples Bank of China in 1994, Tong Yan joined the China Securities Regulatory Commission and worked in the international business department, the supervision department of listed companies, the issuance supervision department and the general office. After that, Tong Yan became the assistant to the president of Shanghai Stock Exchange.

In May 2017, Tong Yan joined Minsheng securities as vice president, member of the Executive Committee and President of Minsheng securities investment. It is worth mentioning that Feng Henian, who was the party secretary and director of Shandong Securities Regulatory Bureau, served as the chairman of Minsheng securities in December 2016 and presided over the overall work of the company.

In recent years, the leading group of Huarong securities has changed a lot. In July 2018, Zhu Xianzhong, the former chairman of Huarong securities, was dismissed. Since then, Hu Jiliang, vice president of Huarong securities, once served as secretary of the Party committee of Huarong securities, but the post of chairman of the board has not been officially publicized.

In November 2019, Huarong securities officially announced the appointment of the chairman, and Zhang Haiwen became the new chairman of Huarong securities. According to his resume, Zhang Haiwen has held leading positions in the Economic Restructuring Office of the State Council, the Research Office of the State Council, the China Banking Regulatory Commission, the state owned assets supervision and Administration Commission, Beijing Securities Regulatory Bureau and Tianjin Securities Regulatory Bureau. He also has rich regulatory experience.

The net profit in the first half of the year was 221 million yuan

Under the background of general supervision, Huarong securities is also given top-down compliance operation background. Before this, affected by the group turmoil, what is the development of Huarong securities in recent years?

In terms of employment performance, Huarong securities bottomed out and rebounded obviously. In April 2018, the case of Lai Xiaomin occurred in the east window, adding to the cold winter situation of the securities industry that year, Huarong securities suffered heavy losses, with a net loss of more than 800 million yuan. In 2019, Huarong securities achieved an operating income of 1.297 billion yuan, an increase of 360.65% year-on-year, and realized turning losses into profits.

From the information of the annual report in 2019, Huarong securities is still in the process of risk clearing. In the part of major litigation and arbitration in 2019, Huarong securities listed a total of 27 lawsuits, among which, the amount of the subject matter of several stock pledge disputes exceeded 100 million yuan.

However, in the first half of 2020, Huarong securities business rebounded significantly. According to the financial statements of the first half of 2020, the parent company of Huarong securities realized a total operating income of 788 million yuan, a year-on-year increase of 4.93%, and a net profit of 221 million yuan, a year-on-year increase of 481.58%.

In the specific business, Huarong securities wealth management transformation effect is obvious. In the first half of 2020, the operating income of Huarong securities wealth management line was 406 million yuan, the net management income was 215 million yuan, the net income of agency trading securities business was 129 million yuan, an increase of 5% year on year, and the income of selling financial products on a commission basis was 38 million yuan, with a year-on-year increase of 137%. Among them, the scale of consignment sales of equity products has increased significantly.

In terms of investment banking business, Huarong securities completed two equity projects in the first half of the year, with a total issuance scale of 1.211 billion yuan. One IPO and one refinancing project. As of June 30, 2020, there are three equity projects under review in Huarong securities, and the total issuance scale is expected to be 4.081 billion yuan, which are respectively in the stage of review, feedback reply and start-up. In addition, the biological Valley in the first batch of issues of the new third board selection layer is also sponsored by Huarong securities. According to Huarong securities, 2020 is the key year and implementation year for the construction of Xinhua Finance and Xinhua securities, and is the stage of transformation and layout positioning. The company will actively introduce strategic investors to consolidate reform achievements on the basis of optimized management, risk resolution and business transformation. In the future, Huarong securities will adhere to return to the main responsibility and main business, follow the requirements of three stages of smooth transition, transformation and development and high-quality development, so as to meet the listing standards, and promote the transformation of Huarong securities from extensive development focusing on scale and speed to high-quality development focusing on quality and efficiency. Source of this article: Yang Bin, responsible editor of securities companies in China_ NF4368

In terms of investment banking business, Huarong securities completed two equity projects in the first half of the year, with a total issuance scale of 1.211 billion yuan. One IPO and one refinancing project. As of June 30, 2020, there are three equity projects under review in Huarong securities, and the total issuance scale is expected to be 4.081 billion yuan, which are respectively in the stage of review, feedback reply and start-up. In addition, the biological Valley in the first batch of issues of the new third board selection layer is also sponsored by Huarong securities.

According to Huarong securities, 2020 is the key year and implementation year for the construction of Xinhua Finance and Xinhua securities, and is the stage of transformation and layout positioning. The company will actively introduce strategic investors to consolidate reform achievements on the basis of optimized management, risk resolution and business transformation.

In the future, Huarong securities will adhere to return to the main responsibility and main business, follow the requirements of three stages of smooth transition, transformation and development and high-quality development, so as to meet the listing standards, and promote the transformation of Huarong securities from extensive development focusing on scale and speed to high-quality development focusing on quality and efficiency.