Chairman Cong Zhong no longer "shoulders", Tao Zhijun's newly served as General Manager of AVIC Securities

Today (September 1), AVIC Securities issued an announcement that Tao Zhijun, the former deputy general manager, was the newly appointed general manager of AVIC Securities. Cong Zhong was no longer the general manager of AVIC Securities, but he was still the secretary of the Party Committee and chairman of AVIC Securities. In addition, on August 30 this year, China Airlines China Aviation, the controlling shareholder of AVIC Securities, issued an announcement saying that the employment club was the general manager of AVIC.

In the first half of this year, AVIC Securities realized operating income and net profit of 932 million yuan and 331 million yuan, respectively, an increase of about 13%and 26%year -on -year.

The general manager of AVIC Securities changes

On September 1st, AVIC Securities announced that after research by the company's board of directors, Tao Zhijun was the general manager of AVIC Securities, and Cong Zhong no longer served as the general manager of AVIC Securities.

The reporter learned that Congzhong was born in August 1977 and joined the work in July 1999. He has successively served as the director of the Securities Affairs Office of the Capital Operation Department of China Aviation Industry Corporation, deputy director of the Capital Operation Department; Deputy Secretary and Deputy General Manager of the Party Committee of AVIC Securities, Secretary of the Party Committee, Chairman, and General Manager. The current chairman of AVIC Securities and Secretary of the Party Committee.

On August 30, China Real Estate (SH600705, stock price of 3.30 yuan, and a market value of 29.4 billion yuan), the controlling shareholder of AVIC Securities. In other words, the current general manager of China Aviation Industry Rong, deputy secretary of the party committee, secretary of the Party Committee of AVIC and chairman.

Tao Zhijun, the new general manager of AVIC Securities, was previously deputy general manager of AVIC Securities. According to the data, Tao Zhijun was born in January 1970. He has a bachelor's degree in college. He joined the work in 1986. He has served as a staff member of the Weapon Industry State -owned Jianghe Machinery Factory. Director of the Marketing Division of the Brokerage Department, the director of the business development department of the institution, the marketing director of Hangzhou Business Department, the manager of the comprehensive department of the investment bank headquarters, the employee, general manager of Zhengzhou Zhongyuan Road Securities Sales Department, General Manager of Zhengzhou Branch, General Manager of the Brokerage Management Department Manager (both), assistant general manager and deputy general manager, chairman and legal representative of AVIC Innovation Capital Management Co., Ltd.. He is currently a director of AVIC Futures Co., Ltd., general manager of AVIC Securities Co., Ltd. and deputy secretary of the party committee.

In the first half of the year, AVIC Securities Revenue was doubled

Public information shows that AVIC Securities is the only securities company affiliated to China Military Industry and Industry Corporation. It was established in Jiangxi in October 2002. It was originally known as Jiangnan Securities Co., Ltd. in May 2010 and renamed AVIC Securities Co., Ltd., with a registered capital of 4.621 billion yuan and a business scope The actual controller is China Aviation Industry Group Co., Ltd., and the controlling shareholder is AVIC Industry Industry Rong Holdings Co., Ltd.

Recently, the relevant announcements disclosed by AVIC Securities showed that in the first half of this year, AVIC Securities achieved operating income and net profit of 932 million yuan and 331 million yuan, respectively, an increase of about 13%and 26%year -on -year. This is in stark contrast to the dual -decreasing pattern of the securities industry in the same period. According to the China Securities Association, affected by factors such as the securities market fluctuations in the first half of the year, the decline in self -operated business revenue has fallen significantly, resulting in the overall operating income and net profit of the industry decreased by 11.4%and 10.06%year -on -year.

Specifically, in the first half of this year, AVIC Securities brokerage business revenue was 165 million yuan, a year -on -year decrease of 4%; credit business revenue was 239 million yuan, a year -on -year decrease of 14%; asset management business revenue was 77 million yuan, a year -on -year decrease of 32%. On the contrary, investment banks and self -operated business are outstanding. The income of investment banking business is 177 million yuan, a year -on -year increase of 23%; self -operated business revenue is 184 million yuan, an increase of 81%year -on -year.

Regarding the development goals of the investment banking business, AVIC Securities stated in the announcement that it will further promote the construction of the value chain of the industrial investment bank. Adhere to the characteristics of military industry, deeply cultivate the aviation and military industry chain, and continuously consolidate and deepen the foundation of the military industry investment banking bank in the upstream and downstream of the industrial chain. Accelerate the establishment of a platform -based investment banking business model, continue to extend to the upstream and downstream of the business, provide more convenient financing support for high -quality enterprises at the beginning of the start, and help enterprises' rapid growth touches more diversified commercial resources. Continuously innovate financing models, give full play to the professional advantages of infrastructure REITs, open up the traffic jams of traditional industrial enterprises' existing assets, and enhance the comprehensive capabilities of industrial investment banks.

Daily Economic News

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