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Exclusive: Ping An Securities to Appoint New General Manager

Published: Oct. 20, 2025 7:47 p.m. GMT+8

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Ping An Securities Co. Ltd. is set to appoint Li Qian, a well-regarded fixed-income executive from GF Securities Co. Ltd., as its new general manager, people familiar with the matter told Caixin.

The move comes during a year of widespread leadership reshuffles across China’s brokerage industry.

Li, 41, resigned from GF Securities as deputy general manager last week after more than a decade at the firm.

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This is an AI-generated English rendering of original reporting or commentary published by Caixin Media. In the event of any discrepancies, the Chinese version shall prevail.

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Ping An Securities will appoint Li Qian, former deputy general manager at GF Securities, as its new general manager.
Li, 41, has extensive experience in fixed income and international business, and holds a doctorate in economics.
He will take over daily management from Chairman He Zhijiang, separating the leadership roles after six years.

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Who’s Who

Ping An Securities Co. Ltd.: Ping An Securities Co. Ltd. is expected to appoint Li Qian as its new general manager. This appointment will shift day-to-day management responsibilities from Chairman He Zhijiang, ending a six-year period where both roles were combined. This personnel change is part of a broader trend of leadership reshuffles within China's brokerage industry.

GF Securities Co. Ltd.: GF Securities Co. Ltd. is a firm where Li Qian, a fixed-income executive, previously worked for over a decade, resigning as deputy general manager. Li joined GF Securities in 2014, overseeing onshore fixed-income operations and international business. He also served as chairman of GF Holdings (Hong Kong) Corp. Ltd. and a board member at Value Partners Group.

Industrial and Commercial Bank of China: After graduating with a doctorate in economics, Li Qian began his career at Industrial and Commercial Bank of China. He later led the interest rate trading division there.

GF Holdings (Hong Kong) Corp. Ltd.: GF Holdings (Hong Kong) Corp. Ltd. is a company where Li Qian served as chairman. It is involved in international business and recently acquired a 20.2% stake in Value Partners Group, making it a strategic shareholder.

Value Partners Group: Value Partners Group is a company where GF Holdings (Hong Kong) Corp. Ltd. acquired a 20.2% stake, making it a strategic shareholder. Li Qian, the incoming general manager of Ping An Securities Co. Ltd., previously served as a board member at Value Partners Group.

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