FINANCE

China Merchants Securities Names Former Bank Executive Zhu Jiangtao Chairman

Published: May. 26, 2026 10:58 p.m. GMT+8

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Zhu Jiangtao

China Merchants Securities Co. Ltd. has named Zhu Jiangtao chairman and legal representative, completing a leadership reshuffle at the Shanghai-listed brokerage while leaving the president’s role vacant for now.

The appointment places a former senior executive from China Merchants Bank Co. Ltd. in charge of one of China’s major brokerages as regulators push securities firms to strengthen support for technology companies and the broader real economy.

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Zhu Jiangtao appointed chairman and acting president of China Merchants Securities, leaving president role vacant.
Zhu, a former China Merchants Bank executive, began at the brokerage in May 2025 after Huo Da resigned.
Internal candidates for permanent president include Liu Bo, with no final decision made yet.

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Who’s Who

China Merchants Securities Co. Ltd.: China Merchants Securities Co. Ltd., a Shanghai-listed brokerage, named Zhu Jiangtao as chairman and legal representative. Zhu, a former China Merchants Bank executive, also serves as acting president amid a leadership reshuffle. The company faces a vacant president role after Wu Zongmin retired and Huo Da resigned as chairman.

China Merchants Bank Co. Ltd.: China Merchants Bank Co. Ltd. is a major Chinese lender. Zhu Jiangtao, a former senior executive, spent over 20 years there, serving as vice president and chief risk officer. Wang Xiaoqing was appointed its president on April 30, 2025. The bank is known for its role in supporting technology and the real economy.

China Merchants Financial Holdings Co. Ltd.: Invalid input_text

Industrial and Commercial Bank of China Ltd.: Industrial and Commercial Bank of China Ltd. (ICBC) is a major Chinese bank. According to the article, Zhu Jiangtao began his career at ICBC's Jiangxi branch before joining China Merchants Bank in 2003.

China Merchants Futures Co. Ltd.: China Merchants Futures Co. Ltd. is mentioned in the article as a subsidiary of China Merchants Securities. Liu Rui serves as its chairman and is also a vice president of China Merchants Securities. No further details about the futures company are provided in the article.

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What Happened When

2003：: Zhu Jiangtao joined China Merchants Bank Co. Ltd.

2015：: Zhu Jiangtao moved to the lender’s headquarters as head of credit risk management.

2020：: Zhu Jiangtao became chief risk officer at China Merchants Bank.

2021：: Zhu Jiangtao was promoted to vice president at China Merchants Bank.

May 2024：: Zhu Jiangtao stepped down as chief risk officer at China Merchants Bank following an internal restructuring.

May 2025：: Zhu Jiangtao crossed over into the securities industry and was appointed president of China Merchants Securities.

May 2025：: Gao Xiang, former general manager of the brokerage’s institutional business department, was placed under investigation for alleged serious violations of discipline and law.

November 2025：: At a technology finance forum in Jinan, Zhu Jiangtao said capital markets played an 'irreplaceable' role in supporting technological innovation.

Before the May Day holiday in 2026：: Former chairman Huo Da was tapped to succeed Wang Xiaoqing as Communist Party chief and general manager of China Merchants Financial Holdings Co. Ltd.

April 2026：: Former president Wu Zongmin retired after reaching retirement age.

April 30, 2026：: Wang Xiaoqing was formally appointed president of China Merchants Bank.

May 8, 2026：: Huo Da resigned as chairman of China Merchants Securities.

May 26, 2026：: China Merchants Securities held an internal meeting to announce that Zhu Jiangtao would assume the chairmanship and temporarily perform the duties of president.

May 26, 2026：: China Merchants Securities filed an exchange filing stating that its board had elected Zhu Jiangtao chairman and legal representative, and he would serve as acting president until a successor is appointed.

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