Zhu Jiangtao takes over as Chairman of China Merchants Securities; the new President is still being appointed.

【Caixin.com】 China Merchants Securities (600999.SH) top executive has officially completed the leadership transition.

According to Caixin, on the afternoon of May 26, China Merchants Securities held an internal meeting, announcing that Zhu Jiangtao would take over as the company’s Chairman and perform the responsibilities of the President. That evening, China Merchants Securities issued an announcement confirming that the board of directors had elected Zhu Jiangtao as Chairman, who is also the legal representative, and that he would perform the responsibilities of the President until the day the board appoints a new President.

This adjustment had been in the works. According to Caixin’s prior exclusive report, before the 2025 “May Day” holiday, it was confirmed that the former Chairman of China Merchants Securities, Huo Da, would succeed Wang Xiaoqing and take on the roles of Party Secretary and General Manager of China Merchants Financial Holdings. On April 30, Wang Xiaoqing was officially appointed as President of China Merchants Bank (600036.SH). On May 8, Huo Da resigned from his position as Chairman of China Merchants Securities, and Zhu Jiangtao began to assume Huo Da’s former duties. (See Caixin Finance Iwen “Personnel Linkage in the China Merchants Financial Sector—China Merchants Securities’ Senior Management Adjustment Is Imminent”, and “Important Personnel Changes Are Being Considered in the China Merchants System—Senior Financial Officials May Be Put to Greater Use”)