BEIJING, September 29, 2026: CITIC Securities has announced a leadership change, with chairman Zhang Youjun stepping down after reaching retirement age.
The company said general manager Zou Yingguang has been elected chairman and legal representative. He will also temporarily perform the duties of general manager while that position remains vacant.
The changes were reported in a company announcement summarized by China Financial News.
Leadership transition
Zhang Youjun resigned as chairman because he reached the company’s retirement age. Zou Yingguang’s appointment combines the chairman and acting general-manager responsibilities during the transition period.
Why securities firms matter
CITIC Securities is one of China’s major investment banks and securities firms, with activities spanning investment banking, brokerage, asset management and other financial services.
Broader financial environment
The leadership change comes as Chinese authorities are seeking to improve financial support for businesses and investment. Recent policy measures have also focused on services-sector financing and capital-market development.
Source: CITIC Securities announcement as reported by China Financial News.
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