The wave of board reshuffles in the securities industry continues into late 2025. On the evening of December 15, East Money Information Co.,Ltd., a leading internet-based securities firm, announced the completion of its seventh board election, along with executive appointments and organizational restructuring. Huang Jianhai, former CFO and board secretary, has been appointed as the new general manager.
Simultaneously with the board reshuffle, East Money Information initiated a new round of organizational adjustments. The company announced the abolition of its supervisory board and compliance director roles, dissolving the original internal control and compliance department. Some of its functions will be merged into the audit and supervision department, while legal and compliance teams will be consolidated into a new legal compliance department.
**Management Reshuffle Completed** East Money Information released a series of announcements detailing the completion of its new board election, organizational restructuring, and executive appointments, with the new general manager drawing significant attention.
The announcements revealed that the company’s actual controller, Qi Shi, will continue serving as chairman, while Huang Jianhai was elected as vice chairman and appointed general manager, ensuring stability and optimization of the core management team. Huang, a female executive born in the 1970s, holds an MBA from Harvard Business School and is a certified public accountant in China. She previously worked at PwC and Merrill Lynch Asia Pacific and has held roles such as deputy general manager, CFO, and board secretary at East Money Information, bringing both international perspective and local operational expertise.
Outgoing general manager Zheng Likun will remain as chairman of subsidiary East Money Securities to ensure business continuity. Additionally, Yang Hao was appointed as board secretary and deputy general manager, Cheng Lei as deputy general manager, and Cheng Hui as CFO.
According to industry observations, board reshuffles have been frequent in the securities sector recently, with firms like Huatai Securities, Guoyuan Securities, Guolian Minsheng, and Changjiang Securities also undergoing leadership transitions.
Amid deepening capital market reforms in 2025, securities firms have seen frequent executive changes. Statistics show over 20 firms have replaced chairmen or general managers this year, driven primarily by retirements and strategic transformation needs.
**Further Organizational Adjustments** Another highlight of East Money Information’s board reshuffle is its systematic organizational reform. The company abolished its supervisory board and compliance director roles, dissolving the internal control and compliance department and redistributing its functions. The restructuring aims to streamline management layers, fostering a flatter and more agile structure.
Post-restructuring, the general manager will oversee 12 core departments, including wealth management, AI, and innovation business units, aligning with the company’s "AI + Finance" strategy.
As capital market reforms deepen and fintech accelerates, securities firms are entering a critical phase of governance optimization and strategic transformation. East Money Information’s restructuring aligns with broader industry trends. Since 2024, major players like Guotai Haitong and Galaxy Securities have established internet-focused subsidiaries to accelerate digital transformation. East Money’s flatter structure and compliance integration further highlight its internet-based brokerage model.
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