[Introduction] Zou Yingguang, general manager of CITIC Securities: Reshape
Chinese Fund reporter Yan Jing 滢
Zou Yingguang, the new general manager of CITIC Securities, the latest voice is here!
From November 12th to November 14th, CITIC Securities held an annual capital market meeting in Shenzhen in Shenzhen.At the main forum on the morning of November 12, Zou Yingguang, general manager of CITIC Securities, spoke on the topic of "standing on the start line" and made a comprehensive research and judgment on the international geographical situation, Chinas macroeconomic, and capital market ecology.
Zou Yingguang pointed out that the capital market ecology is undergoing fundamental rewriting, the quality of listed companies has improved significantly, investor returns have gradually improved, and the new reform line on Chinas capital market stations starts.Looking forward to 2025, the rise in housing prices in core cities and the rise of social financing growth will become a firing gun. The domestic credit cycle, macro price, and A -share profit will usher in a new starting point of the cycle. The product ecology also stands a new starting point.
Zou Yingguang said that multiple positive factors are accumulating, and the new journey has been opened.CITIC Securities will practice the national strategy, be the main force that serves the real economy and maintains the stable cockpit stone of financial stability, and strives to make greater contributions to building a strong financial country.
Look at the details-
The conversion of new and old kinetic energy in China is significant
"Light Put on Battle" or the core idea of this round of economic policy
At the beginning grateful.Zou Yingguang introduced that the theme of the annual annual conference of the capital market is called "standing up the starting line". The international geographical situation, the Chinese macroeconomic, and the capital market ecology have entered a new stage and stood on the new starting line."In 2025, we need to do it as a leading word, and to achieve better results in all aspects of economic and social development."
Zou Yingguang said that the global political and economic situation is still complicated and changing However, Chinas international discourse and initiative have been significantly enhanced.With the help of Chinas new and old kinetic energy conversion, and with a series of incremental macro policies, the Chinese economy is expected to reverse the downward trend and stand on the starting line of new kinetic energy and new cycle.
Zou Yingguang said that in 2024, Chinas economic operation remained stable, and the GDP of 4.8%in the first three quarters increased year -on -year.However, many problems in development and transformation are prominent: inadequate domestic demand, overcapacity in some industries, local government fiscal tensions, and large hidden dangers of real estate risks.Since the second half of the year, the policy level has continuously strengthened the adjustment of the macro -inverse cycle, and launched a series of incremental policies such as expanding domestic demand, effective investment, peoples livelihood, stabilizing real estate, and boosting stock markets. It is expected to smoothly achieve the annual development goals.
Zou Yingguang believes that "light installation again" or the core idea of this round of economic policy, through the "three steps" of risks, fiscal expansion, and deepening reforms to promote the realization of the Chinese economy achievement Stabilizing and recovering and structural optimization, and significantly improve social expectations.
One of them, local fiscal pressure and risks in the real estate field are expected to be effectively relieved.On the one hand, focusing on resolving stock debt, liquidation of debt, and arrears of accounts, supporting basic livelihood, salary, and operation operation of grass -roots levels have been launched.Among them, the November Standing Committee of the Peoples Congress approved the increase in local government debt limit of 6 trillion yuan. It is used to replace the hidden debt of stocks. It is the most powerful measure to help debt in recent years.On the other hand, the Politburo Conference clearly states that it is necessary to promote the stabilization of the real estate market, adjust the housing purchase restriction policy, reduce the interest rate of stock loan, and promote the construction of a new model of real estate development.The housing prices in the four major first -tier cities have preliminary stability since October, but the wider and continuous price stability also requires continuous support of the policy.
Second, it is expected that the macro policy in 2025 will continue to make efforts to further consolidate the fundamental aspect and promote the economic upward and structured.The governments deficit rate will be significantly risen, comprehensively using a variety of financial and monetary policy tools to increase support for the real economy.In terms of investment, it will enhance the support for stabilizing peoples livelihood and promoting consumption, improve the expectations of residents income, stimulate consumption potential, drive effective investment, and expand domestic demand.
Third, 2025 is the year of the end of the "Fourteenth Five -Year Plan" and the year of preparations for the "Fifth Five -Year Plan" plan. The new round of reform chapters are about to open.On the one hand, it will vigorously develop new productive forces.Adhere to high -level technology independence and self -reliance, enhance the independent and controllable capabilities of the industrial chain, and promote the digitalization and low -carbon transformation and upgrading of traditional industries.On the other hand, protecting and improving peoples livelihood in development is a major task of Chinese -style modernization.In the future, the income distribution system will be improved, the employment priority policy will be strengthened, and the balanced development of public services such as education, medical care, and pensions will be promoted.
The capital market ecology is undergoing fundamental rewriting
Multiple positive factors are accumulating
Zou Yingguang said that the ecological ecology of the capital market is undergoing fundamental rewriting, the quality of listed companies has improved significantly, investor returns have gradually improved, and new reforms on Chinas capital market stations have started.The capital market has led the whole body in the operation of finance, playing a unique and critical role in promoting the formation of innovative capital, promoting industrial transformation and upgrading, enriching the wealth management of residents, and stabilizing social psychological expectations.
Zou Yingguang pointed out that the Third Plenary Session of the 20th Central Committee and the new "National Nine Articles" pointed out the direction of the comprehensive deepening reform of the capital market.On the one hand, the quality of listed companies will be significantly improved.Through the strict control of listing and distribution, supporting high -quality mergers and acquisitions and reorganizations, and accelerating the formation of normalized delisting and other measures to achieve high -quality "survival of the fittest" of listed companies.Through a more strict and comprehensive regulatory mechanism, the inherent stability of the market is enhanced.On the other hand, investor returns will gradually improve.By strengthening information disclosure, cracking down on illegal holdings, and encouraging dividend repurchase, the investment value of high -quality listed companies will be substantially increased.This will also attract more patients such as industrial capital, insurance asset management, bank wealth management and other patient capital flows, form a virtuous circle, and further improve the market ecology.
"We believe that the market has currently standing on the starting line of the annual level. A series of policy portfolios since the end of September clearly clarifies the policy turning point, and subsequent policy will also choose according to economic operation. Add. "Zou Xingguang said that in 2025, the core city housing prices stabilized and the growth of social financing will become a warranty gun. The domestic credit cycle, macro price, and A -share profit will usher in a new starting point for upward. Ecology, investor ecology, and product ecology have also stood up to a new starting point.
Zou Yingguang finally summarized that Chinas international discourse and initiative have increased significantly, and the new momentum of economic growth will achieve a qualitative leap. A series of strong macro -total policy will promote economic growth Returning to a reasonable range, the ecology of the capital market is also undergoing fundamental rewriting.Multiple positive factors are accumulating. The new journey has been opened. Let us stand up and start a new game!
Zou Yingguang said that CITIC Securities will further improve political standing, deeply grasp the political and peoples nature of financial work, and the big people of the country. State, solid and effective work measures, help the high -quality development of the capital market!CITIC Securities will practice the national strategy, be the main force that serves the real economy and maintains the stable cockpit stone of financial stability, and strives to make greater contributions to building a strong financial country.
Just as the general manager last week
The headline brokerage firms ushered in the new general manager at the same time and became one of the most eye -catching news in the capital market.
On the evening of November 6, CITIC Securities issued an announcement saying that Zou Yingguang was hired as the general manager of the company, and chairman Zhang Youjun no longer performed the duties of the companys general manager.
Public resume information shows that Zou Yingguang was born in December 1970, obtained a bachelors degree in clinical medicine from the Capital Medical University in 1994, and obtained the Study Economy Economy of the Central University of Finance and Economics in 2000 Academic masters degree, obtained a masters degree in business administration from the China -Europe International School of Industry and Commerce in 2012.
Zou Yingguang was a surgeon of Xuanwu Hospital of the Capital Medical University, the business manager of Beijing Securities Business Department, Beijing Securities Business Department, Haidian South Road business business Manager of the Ministry of Institutions, Director of Advanced Business Director of Bond Business Department, Assistant General Manager of CITIC Investment Bond Business Department, executive person in charge of the Department of Fixed Income, Member of Executive Committee, Personnel of CITIC Securities Securities Fixed Income Department, executive member, party committee member, CITIC Member of the Party Committee, Executive Director, Member of the Executive Committee, and Financial Leader.
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