On the evening of December 9, Changjiang Securities Company Limited announced the election of Liu Zhengbin, Chen Jia, Liu Yuanrui, Li Junxi, Chen Huajun, and Zhao Haitao as directors of the company. Notably, three new directors representing Hubei State-owned Assets were added, while Liu Zhengbin retained his position as chairman.
Industry insiders pointed out that the entry of Hubei State-owned Assets and shareholder representatives into the board follows the normal transition of board seats after Hubei State-owned Assets acquired shares in Changjiang Securities from former shareholder China Three Gorges Corporation earlier this year.
Concurrently, Changjiang Securities also underwent leadership changes at the management level. Liu Yuanrui continues to serve as president, while other senior executives were adjusted, bringing fresh talent to the team.
The reshuffle of the board and management is a routine internal governance measure conducted in compliance with relevant regulations.
Since Hubei State-owned Assets became the largest shareholder this year, Changjiang Securities has achieved steady performance growth. In the first three quarters of 2025, the company reported significant improvements, with multiple indicators reaching record highs or ranking among the top listed securities firms.
**Board and Management Reshuffle Details** According to the resolution of the 2025 Second Extraordinary Shareholders’ Meeting, Liu Zhengbin, Chen Jia, Liu Yuanrui, Li Junxi, Chen Huajun, Huang Xueqiang, Chen Wenbin, and Zhao Haitao were elected as non-independent directors of the 11th board. Zhu Qigui, Xu Xinzhong, Li Xintian, Quan Yi, and Dai Yunhao were appointed as independent directors, while Su Boyi was elected as an employee representative director. Among them, Liu Zhengbin, Li Junxi, Chen Huajun, and Zhao Haitao represent Hubei State-owned Assets.
Additionally, Liu Zhengbin was re-elected as chairman, and Chen Jia as vice chairman.
The same day, the board appointed Liu Yuanrui as president, Chen Shuiyuan as vice president and CFO, Zhou Chun as vice president, compliance director, chief risk officer, and board secretary, Chen Jin and Wang Chengjun as vice presidents, Pan Jin as chief information officer, Li Geng as vice president, and Huang Taijin as chief auditor. Their terms will last until the end of the 11th board’s tenure.
Sources revealed that former vice president, compliance director, and chief risk officer Hu Yong retired due to age, while former vice president Xiao Jian was reassigned. Additionally, former supervisory board chairman Li Jia, nearing retirement, will serve as chairman of Changjiang Securities’ charity foundation.
The management reshuffle maintains overall stability while optimizing roles and introducing new talent, ensuring strategic continuity and steady growth.
**Strong Performance in First Three Quarters** Following the state-owned shareholder’s entry, Changjiang Securities delivered robust results, particularly in the first three quarters of 2025.
The company reported record-high revenue and net profit for the period. Total operating income reached RMB 8.49 billion, ranking 15th among listed securities firms—a six-place improvement year-on-year. Net profit attributable to shareholders was RMB 3.37 billion, ranking 13th—up four places.
Notably, the weighted average return on equity (ROE) rose to 9.23%, up 5.21 percentage points year-on-year, securing the top spot among listed securities firms—a 19-place jump.
Beyond financial performance, Changjiang Securities has strengthened its role in serving the real economy. The company integrates research, investment, and investment banking to support regional development while advancing key financial initiatives. For example, its RMB 10 billion humanoid robotics fund—the first in the securities industry—aims to boost Hubei’s tech sector, exemplifying its commitment to financial innovation.
Analysts suggest that under the new ownership structure and stable governance, Changjiang Securities is well-positioned to leverage its research, wealth management, investment, and investment banking strengths to enhance its contribution to high-quality economic growth.
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