Home Business GF Securities executives change: Sun Shuming resigns, Lin Chuanhui takes over as chairman, 4 deputy general managers take office, and the team is younger | Daily Economic News

GF Securities executives change: Sun Shuming resigns, Lin Chuanhui takes over as chairman, 4 deputy general managers take office, and the team is younger | Daily Economic News

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Tonight, GF Securities announced a series of executive changes. Chairman Sun Shuming and deputy general managers Luo Binhua and Yang Long resigned. However, after the resignation of the above three people, they will also serve in the subsidiary of GF Securities. At the same time, GF Securities announced Lin Chuanhui as the chairman of the company, appointing Yi Yangfang, Xin Zhiyun, Li Qian, and Xu Youjun as the company’s deputy general managers, appointing Xu Youjun as the company’s compliance director, and appointing Kong Weicheng as the company’s chief risk officer.

Chairman and two vice presidents resigned

Sun Shuming, who has served as chairman of GF Securities for more than nine years, has resigned. According to the announcement issued by GF Securities on the evening of July 22, the chairman of the company, Mr. Sun Shuming, has applied for resignation from the company’s chairman, executive director, member of the strategy committee of the board of directors, member of the nomination committee, and member of the risk management committee of the board due to his age. Later, he continued to serve as the chairman of the company’s holding subsidiary Guangfa Fund.

According to public information, Sun Shuming is 59 years old and has been appointed as chairman and executive director of GF Securities since May 2012; he served in the Department of Law and Regulations of the Ministry of Finance for 12 years from August 1984 to March 1996; he has served as Hebei Province since then. Deputy Mayor of Zhuozhou Municipal People’s Government (suspended post), Director of the General Manager Office and Assistant to the General Manager of China Economic Development Trust and Investment Corporation, Deputy Director of the Work Department of the Supervisory Committee of the Central Financial Work Committee of the Communist Party of China, Supervisor of the Yinhe Securities Supervisory Board, Deputy Director and Director of the Accounting Department of the China Securities Regulatory Commission ; Since March 2015, he has concurrently served as the vice chairman of China Securities Inter-institution Quotation System Co., Ltd.; since April 2016, he has also served as the chairman of GF Fund; from April 2020 to December 2020, he has also served as the general manager of GF Securities.

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In addition, in addition to Sun Shuming’s resignation this time, GF Securities also disclosed the resignation information of two deputy general managers. GF Securities stated that Luo Binhua and Yang Long applied for resignation from the positions of deputy general managers of the company due to job changes. However, Luo Binhua will continue to serve as the vice chairman of the company’s expert committee and director of the wholly-owned subsidiary Guangfa Holdings (Hong Kong) Co., Ltd. after his resignation as deputy general manager. Similarly, Yang Long will continue to serve as the vice chairman of the company’s expert committee and chairman of the wholly-owned subsidiary Guangfa Securities Asset Management (Guangdong) Co., Ltd.

GF Securities stated that the company would like to express its sincere gratitude to Mr. Sun Shuming for his outstanding contributions to the company during his tenure as chairman! I would like to express my heartfelt thanks to Mr. Luo Binhua and Mr. Yang Long for their outstanding contributions to the company during their tenure as deputy general managers!

The new leadership team takes office

Following the resignation of the above-mentioned personnel, GF Securities announced the election of a new chairman and the appointment of senior executives such as deputy general managers. GF Securities stated that it elected Lin Chuanhui as the chairman of the company’s tenth board of directors and appointed Lin Chuanhui as the authorized representative of the company to communicate with the Hong Kong Stock Exchange.

The “Daily Economic News” reporter learned that Lin Chuanhui is considered a veteran of GF Securities. He worked in the Investment Banking Department of GF Securities in December 1995 and served as the Executive Deputy General Manager of the Investment Banking Department of GF Securities in February 2001; he participated in 2002. Prepared for the establishment of the GF Fund; served as the general manager of GF Fund from August 2003 to December 2020; concurrently served as the vice chairman of GF Fund from March 2008 to December 2020. His 17-year career in GF Fund has also made Lin Chuanhui one of the longest-serving general managers in the public fund industry. At the same time, under the leadership of Lin Chuanhui, the performance of GF Fund’s active equity funds has achieved industry-leading levels in the past few years. In December last year, GF Securities announced that Lin Chuanhui was appointed as the company’s general manager. The news of Lin Chuanhui’s return to GF Securities also attracted strong attention in the industry.

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In addition, GF Securities also hired Yi Yangfang, Xin Zhiyun, Li Qian, and Xu Youjun as deputy general managers this time. At the same time, Xu Youjun was appointed as the company’s compliance director, and Kong Weicheng was appointed as the company’s chief risk officer.

The reporter noted that the above-mentioned newly appointed leadership teams are all promoted from within GF Securities. Prior to this, Yi Yangfang was the executive deputy general manager of GF Fund, Xin Zhiyun was the company’s chief risk officer, Li Qian was the assistant general manager of the company, Xu Youjun was the company’s board secretary and joint company secretary, and Kong Wei became the director of GF Asset Management, General manager.

With the participation of the above four senior executives such as vice presidents, the company’s leadership team will be mainly born in the 70s, covering the 60s, 70s and 80s. The newly appointed deputy general manager Li Qian was born in October 1984.

“The new leadership team of GF Securities is from the inside and is younger, which is not only conducive to the construction of the company’s talent echelon, but also reflects the company’s management of the inheritance and innovation of GF Securities’ culture.” Some insiders commented on this. .

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