Finance Associated Press, December 6 (Reporter Liu Chaofeng).The leading brokerage in Shanghai officially ushered in the new "number one".
Guotai Junan's latest announcement agrees that Zhu Jian will serve as a director of the company, and serve as the chairman of the sixth board of directors of the company and the chairman of the strategy and ESG committee after officially serving as a director of the company. From the announcement of the cadres before their appointment to the announcement of their duties, less than two weeks have passed since Zhu Jian's transfer.
Zhu Jian has rich experience in the industry, he returned to Guotai Junan, and is quite optimistic internally, believing that it is "professional, focusing on business operations, and is expected to improve the company's professional level".
The departure and transfer of the two chairmen of Guotai Junan** did not take long. On November 28, Guotai Junan** announced the resignation of the former chairman He Qing;In the evening, the Shanghai SASAC announced that He Qing was appointed director of the Shanghai State-owned Assets Supervision and Administration Commission. From rumors to official appointment, He Qing's transfer took less than a week.
Zhu Jian returned to Guotai Junan**
On December 6, Guotai Junan** officially announced Zhu Jian's return.
Guotai Junan** announced that it agreed to nominate Zhu Jian as a candidate for director of the sixth board of directors and submit it to the company's third extraordinary general meeting of shareholders in 2023It was agreed that Zhu Jian would serve as the chairman of the sixth board of directors of the company after he officially served as a director of the companyAfter agreeing to Zhu Jian's formal appointment as a director of the company, he will serve as the chairman of the strategy and ESG committee of the sixth board of directors.
From the announcement of the cadres before their appointment to the announcement of their duties, less than two weeks have passed since Zhu Jian's transfer. On November 24, the Organization Department of the Shanghai Municipal Party Committee announced the pre-appointment announcement of the municipal management cadres on the "Shanghai Release"**, and Zhu Jian, president, deputy secretary of the Party committee and vice chairman of the Bank of Shanghai, intends to serve as the principal of the municipal management enterprise. The reporter of the Financial Associated Press previously reported that Zhu Jian is about to take over from He Qing and serve as the chairman of Guotai Junan.
According to public information, Zhu Jian was born in 1971 and served as the deputy director of the Information Research Department of the Shanghai Securities Regulatory Office of the China Securities Regulatory Commission, the deputy director and director of the Information Research Division of the Shanghai Regulatory Bureau of the China Securities Regulatory Commission, the director of the Office of the Shanghai Regulatory Bureau of the China Securities Regulatory Commission, and the director of the Second Division of the Institution of the Shanghai Regulatory Bureau of the China Securities Regulatory Commission, and a member of the Party Committee, assistant director and deputy director of the Shanghai Regulatory Bureau of the China Securities Regulatory Commission.
In September 2016, Zhu Jian left the Shanghai Regulatory Bureau of the China Securities Regulatory Commission and joined Guotai Junan**, and since December 2016, he has served as the vice president of Guotai Junan**, in charge of investment banking business. After serving for 5 years, Zhu Jian left Guotai Junan** in September 2020 and was transferred to the Bank of Shanghai as President. On December 6, 2023, Zhu Jian returned to Guotai Junan** as a director of the company and intends to be the chairman of the company.
Zhu Jian has rich experience in the industry, and the company has a high evaluation of him. A person close to Guotai Junan commented, "Born in the regulatory system, familiar with the business, most of the company is optimistic, and his return is expected to improve the company's professional level and grasp the business." ”
Wind data shows that in the five years that Zhu Jian was in charge of investment banking, that is, from 2017 to 2020, the net fee income of Guotai Junan**'s investment banking business was 2.7 billion yuan, 2 billion yuan, 2.6 billion yuan, and 3.7 billion yuan respectively, and the net income of investment banking business was about half of that of the traditional ** brokerage business.
After Zhu Jian left the post of president of the Bank of Shanghai, it was said that his successor may be Shi Hongmin, deputy secretary of the Party Committee and vice president of the Bank of Shanghai. In the pre-appointment announcement of the municipal management cadres on November 24, Shi Hongmin was prominently listed.
"Rumors" accelerated He Qing's transfer arrangement
On the one hand, Zhu Jian arrived "quickly", and on the other hand, He Qing, the former chairman of Guotai Junan, left his post "quickly" and was transferred to the director of the Shanghai State-owned Assets Supervision and Administration Commission.
On November 23 this year, Guotai Junan** held the "Lingang Guotai Junan Day" and Guotai Junan's 2024 investment strategy in Lingang, Shanghai, and announced the establishment of a Lingang New Area Branch. On the evening of the same day, it was suddenly reported that He Qing would be transferred to the director of the Shanghai State-owned Assets Supervision and Administration Commission, which disrupted many people's "positions", and some work arrangements were forced to be shelved.
On November 28, Guotai Junan** issued an announcement, saying that the company's board of directors recently received a written resignation from Chairman He Qing, who resigned as the chairman of the sixth board of directors of the company, director, chairman of the strategy and ESG committee and all other positions held in the company due to work transfer. Before the new chairman of the board of directors, Wang Song, vice chairman and president of the company, will perform the duties of chairman, legal representative and authorized representative of the Hong Kong Stock Exchange.
On the evening of the 28th, the Shanghai SASAC held a system cadre meeting, and the meeting announced the decision of the Municipal Party Committee on the adjustment of the main leaders of the Municipal SASAC: Comrade He Qing was appointed secretary of the Shanghai Municipal State-owned Assets Supervision and Administration Commission of the Communist Party of China, and he was approved to be the director of the Shanghai State-owned Assets Supervision and Administration Commission.
From rumors to appointment, He Qing's transfer took less than a week. The reporter of the Financial Associated Press learned that in recent years, there have been rumors in the Shanghai financial circle that He Qing is about to enter the official career, but there is no suitable opportunity. Although the transfer to the director of the Shanghai State-owned Assets Supervision and Administration Commission is a flat transfer, the responsibilities are greater and the scope of authority is wider.
It is reported that on August 1, 2003, the Shanghai SASAC was formally established as an ad hoc institution directly under the city. Shanghai SASAC is authorized to perform the duties of an investor on behalf of the city, and to combine the management of assets with the management of people and affairs. Only in the business field, Shanghai SASAC has jurisdiction over institutions such as Guotai Junan and Haitong.
Although Guotai Junan** mentioned in the announcement that President Wang Song will perform the duties of chairman and legal representative on his behalf, insiders have long known that Wang Song this year.
In September and October, according to the general process, he would have retired at the age of retirement, but he has not retired for a long time. One argument is to "make way" for the change of chairman of the board, because it is unlikely that a state-owned securities firm will have a change of chairman and president at the same time.
At that time, Guotai Junan** insiders went wild, and Li Junjie, vice president in charge of investment banking, wealth management, human resources and other important lines, may take over Wang Song's position. Li Junjie, 48, was the youngest executive of Guotai Junan** at that time. At this time, a new candidate appeared for the position of president of Guotai Junan**, that is, Zhou Lei, vice president of Shanghai International Group.
Finance Associated Press reporter Liu Chaofeng).