Li Daxiao retires at the age of retirement! It has been proposed that the bottom of the baby and the top of the earth are clearly evaluated by the outside world

Southern Metropolis Daily

2024-07-26 21:29Published on the official account of Guangdong Southern Metropolis Daily

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01 Li Daxiao, chief economist of Yingda Securities, has left his post and is 60 years old this year, which is a normal retirement age.

02 Li Daxiao once put forward a number of bottom judgments such as "gold bottom", "diamond bottom", "baby bottom", and "earth top" on Weibo, and was regarded as the most determined A-share bull representative among stock commentators.

03 Shareholders' evaluation and attitude towards Li Daxiao are polarized, with supporters believing that he is a conscientious stock commentator, and opponents believing that his judgment of the short-term stock market is not accurate.

04In addition to the chief economist, in recent years, many senior managers of securities companies have retired at the age of retirement, but not all senior executives of securities companies approaching retirement age will resign at retirement age.

05 Li Daxiao said that he will continue to speak out on social platforms and contribute to the healthy and stable development of the A-share market.

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On July 26, Li Daxiao, chief economist of Yingda Securities, updated his Weibo identity authentication and changed it to "former chief economist of a brokerage". In an interview with Nandu · Bay Finance Agency on this matter, Yingda Securities said that Li Daxiao had indeed resigned. 

When the reporter of the Bay Finance Society asked Li Daxiao himself for verification, the other party said that he was 60 years old this year, which is a normal retirement age. Li Daxiao has 6.23 million followers on Weibo and is an out-and-out A-share "Internet celebrity". He has put forward a number of bottom judgments such as "gold bottom", "diamond bottom", "baby bottom", "earth top", etc., so he is regarded as the most determined representative of A-shares among stock commentators. Stockholders' evaluations and attitudes towards him can be described as polarized, with supporters believing that he is a conscientious stock commentator, while opponents say that his judgment of the short-term stock market is not accurate.  

In an interview with a reporter from the Bay Finance Society, Li Daxiao stressed that he will continue to speak out on social platforms and contribute to the healthy and stable development of the A-share market.

Retire at the age of retirement

According to public information, Li Daxiao was born in 1964, graduated from South China University of Technology in the 80s of the last century, with an engineering background, and became an early investor in A-shares in the early 1990s. After being a shareholder for nearly five years, he officially entered the brokerage firm and became a stock market researcher in about 1997.

Specifically, Li Daxiao was the chief analyst of Dongguan Securities. When he was at Yingda Securities, he served as the director and chief economist of Yingda Securities Research Institute. As of press time, on the official website of Yingda Securities, the chief economist is still Li Daxiao.

On July 26, when interviewed by a reporter from the Bay Finance Society, Li Daxiao responded that he was 60 years old this year, which is a normal retirement age. At the same time, he also stressed that he will continue to speak out on social platforms and contribute to the healthy and stable development of the A-share market.

In addition to the chief executive, in recent years, many senior managers of securities companies have also retired at the age of retirement. In fact, the development of the securities industry has a history of about 30 years, and many senior executives of securities companies are the first generation of securities people, that is, like Li Daxiao, they all entered the industry in the 90s of the last century, and now they are basically approaching the age of retirement.

However, not all brokerage executives who are approaching retirement age will resign at retirement age. Some brokerage industry observers told the Bay Finance Society reporter that only the brokerage companies that adopt the state-owned assets supervision model can have the theory that their executives will be forced to retire at an age.

According to the information on the official website, Yingda Securities was established in 1996 and is a fully licensed comprehensive securities company under the State Grid Corporation of China (hereinafter referred to as "State Grid"), headquartered in Shenzhen, with a registered capital of 4.336 billion yuan. The predecessor of the company was Weishen Securities, which was comprehensively restructured by the State Grid Corporation of China in 2006 and renamed Yingda Securities. In 2020, the State Grid Corporation of China carried out an asset restructuring of financial assets, and after the reorganization, the State Grid Corporation of China held 100% of the company's shares through the listed company State Grid Yingda Co., Ltd.

Personal evaluations are polarized

As the chief of the brokerage, Li Daxiao is different from most of his peers. He is active on social media platforms all year round, and often speaks out about the stock market trend through text and video.

On Weibo, he has 6.23 million fans and 22.311 million likes, making him an out-and-out Weibo big V and A-share "Internet celebrity". 

In terms of his analytical style, he has put forward a number of bottom judgments such as "gold bottom", "diamond bottom", "baby bottom", "earth top", etc., so he is regarded as the most determined A-share bull representative among stock commentators.

For example, on the morning of June 15, 2015, Li Daxiao, then director of the Yingda Securities Research Institute, posted on Weibo: "5178.19 The top of the earth is set with a soldering iron. Previously, he had said on June 9 that "5147.45 Earth's top is set" and on May 5 "4572 Earth's top".

According to reports, at that time, Li Daxiao confidently said in an interview: "The top of the earth at 5178.19 points is set. Even if it is broken, it will not deviate too far. The five logics he gave to support the "top of the earth" are: First, the current valuation level of A-shares is high. Second, the prelude to the registration system has quietly unfolded. Third, the two-way trading tools are perfect. Fourth, industrial capital has been greatly reduced. Fifth, deleveraging has been strengthened. However, the performance of the broader market was not satisfactory the next day, with the Shanghai Composite Index opening at 5,174.42 points, reaching a maximum of 5,176.79 points before falling all the way down and falling below 5,100 points. 

In the past ten years, with the ups and downs of A-shares, Li Daxiao has become one of the most discussed analysts among shareholders. Many investors' evaluation and attitude towards him can be described as polarized, the lover thinks that he is a conscientious stock commentator, because his investment philosophy is to be a good person, buy good stocks, and speak for retail investors, and the evil person believes that his judgment of the short-term stock market is not very accurate, and hopes that his views will keep pace with the times.  

However, the reporter of the Bay Finance Society noticed that Li Daxiao once wrote on Weibo, saying, "A clear point of view will be wrong, and a mistake will be scolded, so most people are unwilling." But it's ambiguous and wasteful of life, and I don't want to ...... That's the fundamental reason why I chose a stark point of view. ”

However, he also reminded investors that investing in stocks must be within their means, and stable income, stable emotions and good family relationships are essential for investment.

In his latest article, Li Daxiao once again called for greater investor protection. He said: "After 34 years of rapid development, China's stock market has become the world's second largest market, and the Shenzhen and Shanghai Stock Exchange has ranked among the top in the world in terms of financing volume for many years, and has achieved world-renowned results. We should protect them, and investor protection should be strengthened, and I have always called for the protection of retail investors to be the only way out for the long-term healthy development of China's stock market, and there is no other way. ”

He also reiterated his optimistic view on China's stock market, saying that the spring of China's high-quality assets may have arrived. As China's economy gradually recovers, its contribution to global economic growth will continue to increase, and with the arrival of the long-awaited policy of increasing dividends, with the change in investor-oriented philosophy, and with the intensification of aggressive stock market policies, the time may have come for China's most high-quality assets, which have long been underestimated. This change may first occur in the Hong Kong stock market and then extend to the A-share market.

Written by: Nandu Bay Finance Society reporter Wang Yufeng

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