FINANCE

Citic Securities Names New Chairman to Replace Retiring Industry Veteran

Published: Sep. 28, 2026 11:29 p.m. GMT+8

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Zou Yingguang, the new chairman of Citic Securities. Photo: File photo

Citic Securities Co. Ltd. has appointed Zou Yingguang as its new chairman, the company announced late Monday, placing a seasoned fixed-income specialist at the helm of China’s largest brokerage.

The transition marks a new chapter for the Chinese financial powerhouse as it navigates a shifting regulatory landscape after a decade of rapid expansion that quadrupled its assets.

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Citic Securities appointed fixed-income specialist Zou Yingguang as chairman, succeeding retiring Zhang Youjun.
Under Zhang since 2016, assets quadrupled from 600 billion to 2.5 trillion yuan, with 65.3 billion yuan in cumulative dividends.
Zou, a former surgeon, will temporarily retain the general manager role until a permanent replacement is named.

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Who’s Who

Citic Securities Co. Ltd.: Citic Securities appointed Zou Yingguang as chairman, succeeding retiring Zhang Youjun. Zou, a former surgeon turned fixed-income specialist, joined in 2017 and became general manager in 2024. Under Zhang's decade-long leadership, assets grew from 600 billion to 2.5 trillion yuan by mid-2026.

Huaxia Securities Co. Ltd.: According to the article, Huaxia Securities Co. Ltd. was the former employer of Zou Yingguang, where he built a strong track record in fixed-income trading. This company was later reorganized into CSC Financial Co. Ltd., providing him with an unconventional background before he joined Citic Securities in 2017.

CSC Financial Co. Ltd.: CSC Financial Co. Ltd. was formerly Huaxia Securities, where Zou Yingguang built a strong fixed-income trading record. In October 2023, Zou was transferred to CSC Financial as general manager after the previous GM, Li Geping, was investigated by authorities. He returned to Citic Securities in October 2024.

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What Happened When

1990s：: Zou Yingguang worked as a clinical surgeon before transitioning to finance.

January 2016：: Zhang Youjun took over as chairman following the 2015 stock market crash.

2017：: Zou Yingguang joined Citic Securities as a member of its executive committee.

October 2023：: Zou Yingguang was transferred to CSC Financial after its general manager was investigated earlier that year.

October 2024：: Zou Yingguang returned to Citic Securities.

November 2024：: Zou Yingguang was officially named general manager of Citic Securities.

By the end of June 2026：: Under Zhang Youjun's leadership, Citic Securities' total assets surged from 600 billion yuan to 2.5 trillion yuan.

June 29, 2026：: Citic Securities appointed Zou Yingguang as new chairman and announced Zhang Youjun's retirement.

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