CITIC Securities Chairman Zhang Youjun to Retire; Zou Yingguang Set to Succeed
CITIC Securities, China's largest brokerage, is undergoing a leadership transition. Chairman Zhang Youjun, who led the firm for over a decade since 2016, is set to retire. Current General Manager Zou Yingguang has been appointed as the company's Party Secretary and is expected to succeed him as chairman. The formal appointment adjustments still require completion of listed company procedures. Zou, a fixed-income specialist who rose from a brokerage branch, previously served as general manager and chairman of subsidiary China Asset Management.
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Zou Yingguang Appointed Party Secretary of CITIC Securities, Likely to Become Chairman
According to a report by 券商中国 (Securities China), Zhang Youjun will resign as chairman of CITIC Securities, and Zou Yingguang, the former general manager, is expected to succeed him. Zou Yingguang has been appointed as the company's Party Secretary. The successor for the general manager position remains unclear. Zhang Youjun, aged 61, has led the firm for over a decade, taking over in 2016 after a regulatory probe decimated the previous management team. Under his leadership, CITIC Securities' total assets grew from 597.4 billion yuan to over 2 trillion yuan. Zou Yingguang, aged 56, has a medical degree and a career starting from a brokerage branch, with expertise in fixed income. He previously served as general manager of CITIC Securities and chairman of its subsidiary, China Asset Management (ChinaAMC). The report notes that Zou has moved between CITIC Securities and its affiliate CITIC Construction Investment multiple times. In a recent earnings call, Zou outlined the company's strategy focusing on improving efficiency, strengthening competitiveness, and expanding internationally.
Read sourceCITIC Securities Chairman Zhang Youjun to Retire, GM Zou Yingguang to Succeed
According to a report by Wall Street Sights (华尔街见闻) based on multi-source verification, CITIC Securities has made internal personnel arrangements on September 22 for a leadership transition. Chairman Zhang Youjun, who has led the firm for over a decade since 2016 and has a career spanning more than 30 years with the company, is set to retire. Current General Manager Zou Yingguang will take over the role. The report notes that the formal appointment adjustments still require completion of the listed company procedures. Zou Yingguang has a long background in fixed income business, joined CITIC Securities in 2017, was transferred to CSC Financial (CITIC Jian Tou) in 2023, and returned to CITIC Securities as General Manager in November 2024.
CITIC Securities Chairman Zhang Youjun to Retire, CEO Zou Yingguang to Succeed
CITIC Securities, China's largest brokerage, is set to change its top leadership. According to multiple sources cited by Wall Street See (华尔街见闻), internal arrangements were made on September 22 for Chairman Zhang Youjun to retire, with current General Manager Zou Yingguang taking over. Zhang, who joined CITIC Securities at its founding in 1995 and served as chairman since January 2016, has led the firm for over a decade. Zou, born in 1970, has a unique career path: he initially studied clinical medicine at Capital Medical University and worked as a surgeon before earning a master's degree in monetary banking from Central University of Finance and Economics. He built his career in fixed income at Huaxia Securities and CITIC Securities, returning to CITIC Securities in 2024 as general manager. The transition marks a new management cycle for the firm, which aims to become a world-class investment bank. As of June 2026, CITIC Securities had total assets of 2.47 trillion yuan, with first-half 2026 revenue up 50% year-on-year to 49.692 billion yuan.
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Zou Yingguang Appointed Party Secretary of CITIC Securities, Likely Next Chairman
According to a report by Securities Times China, Zhang Youjun will resign as chairman of CITIC Securities, and Zou Yingguang, the former general manager, has been appointed as the company's party secretary, indicating he will likely become the next chairman. Zhang Youjun, aged 61, has led the firm for over a decade, exceeding typical retirement age, and his departure had been anticipated. Zou Yingguang, aged 56, has a background in fixed income and rose from a branch office level. He previously served as chairman of China Asset Management (ChinaAMC) and held senior roles at both CITIC Securities and CITIC Construction Investment Securities. Under Zhang's leadership, CITIC Securities' total assets grew from 597.4 billion yuan in 2016 to 2.08 trillion yuan by 2025, with net profit rising from 10.4 billion to 30.1 billion yuan. Zou outlined the company's strategy focusing on improving efficiency, strengthening competitiveness, and expanding internationally.
Read sourceZou Yingguang Named Party Secretary of CITIC Securities, Likely to Become Chairman
According to a report by Securities Star citing Securities China, Zhang Youjun will resign as chairman of CITIC Securities, with former general manager Zou Yingguang expected to succeed him. Zou has been appointed party secretary of the firm, a precursor to the chairman role. Zhang, 61, has served as chairman for over a decade and is retiring after exceeding the typical retirement age. Zou, 56, rose from a brokerage branch to senior management, specializing in fixed income. The article details Zou's career path between CITIC Securities and CITIC Construction Investment, and notes that Zhang led the firm through a leadership crisis in 2015-2016, overseeing significant growth in revenue, profit, and assets. Under Zhang, CITIC Securities' annual revenue grew from 380 billion yuan in 2016 to 748 billion yuan in 2025, with total assets rising from 5.97 trillion to 20.84 trillion yuan. The report also includes Zou's recent comments on the firm's strategy of improving efficiency, strengthening competitiveness, and expanding internationally.
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