On November 30, China Securities News and China Securities Taurus reporter learned that Zhao Wei, the former chief economist of Kaiyuan Securities, had officially left his post on November 26 and confirmed to join Guojin Securities as chief economist.
Zhao Wei confirmed the matter to reporters and said that "it is estimated that full construction will begin next week."
Research is gaining traction
Flipping through Zhao Wei's resume, he has worked in Orient Securities and Changjiang Securities.
Source: Securities Association of China
In 2020, Zhao Wei joined Kaiyuan Securities as chief economist and deputy director of the institute. During his tenure at Kaiyuan Securities, Zhao Wei published many influential research reports in the industry, such as "The Next Step of the Fed's Transformation into an "Eagle"", "Global Energy Crisis, Previous Policy Responses and Market Impacts", "Asset Shortage 3.0 Era" and so on. Since the end of 2019, the Open Source Securities Research Institute has officially transformed the sell-side research business, and has built a research team of more than 120 people in just one year, covering 25 research directions.
Under the background of the reform of the registration system, research business has received more and more attention from securities companies. In order to stand out from the fierce competition, the transformation of the institute is imminent.
Guojin Securities Research Institute is one of the earliest sell-side research institutes in the industry, which has been established for 17 years. After the resignation of its predecessor, Chief Economist Jin Rock, the position was vacant for nearly 11 years.
This year, the Ifcil Securities Research Institute is undergoing reforms – transforming itself into a cost center for the company. Ji Lu, vice president of Guojin Securities, said publicly that the reform of the institute mainly includes three aspects: first, to enhance the strategic positioning of the institute and strengthen the two-way empowerment of the institute and investment banks, PE and other departments; second, to position the institute as a non-profit sector and adjust it to a cost center; third, to increase research investment, focus on asset pricing capabilities, focus on building a high-level comprehensive research institute with extensive influence, and strive to return to the top ten of the industry in 5 years.
In the future, the Guojin Securities Research Institute will increase the intensity of internal synergy and linkage, in addition to the original external customers, in the 3.0 era, it will increase internal investment banks, PE, asset management, wealth and other customers, through professional research and pricing capabilities, enhance two-way empowerment and mutual collaboration, reflecting the value of research. The improvement of professional research and pricing ability will also play a vital role in the development of the company, and the pricing power of capital will be one of the core competitiveness of securities companies in the future.
Chief economists are on the move faster
Brokerage analysts have always been more liquid, as have the chief economist. Since the beginning of this year, the chief economist of many securities companies has changed.
In February this year, Jiang Chao, former chief economist of Haitong Securities and deputy director of the research institute, officially left his post and joined Zhongtai Asset Management as co-chief investment officer. Subsequently, Xun Yugen, chief analyst of Haitong Securities Strategy, concurrently served as chief economist of Haitong Securities.
In March, Ren Zeping, former chief economist of Evergrande Group, joined Soochow Securities and became chief economist.
Zhang Anyuan, former chief economist of CITIC Construction Investment, left his post in September to join Sequoia Capital. Subsequently, Huang Wentao, co-head of citic construction investment research institute and chief analyst of macroeconomics and fixed income, became the chief economist of citic construction investment.
Hua Changchun, former global chief economist of Guotai Junan Securities Research Institute, left his post in May to join KKR Investment Group, an established international private equity investment institution, and served as the chief economist of Greater China. On November 26, He Haifeng, chief economist of Guotai Junan and president of the Policy Research Institute, was officially unveiled.
Editor: Xu Xiaohong
