Caixin
Apr 10, 2024 05:20 AM
FINANCE

SDIC Securities Ousts General Manager as Income Plunges

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Formerly known as Essence Securities, SDIC Securities is 99.99% owned by SDIC Capital
Formerly known as Essence Securities, SDIC Securities is 99.99% owned by SDIC Capital

State-owned SDIC Securities Co. Ltd. and its controlling shareholder have unveiled a shake-up of top management as the brokerage house is rattled by plunging investment returns.

At an internal meeting on Monday, SDIC Securities informed its employees that its general manager, Wang Lianzhi, had been removed. His duties have been temporarily assumed by deputy general manager Wang Suwang, Caixin learned.

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