Financial Associated Press (Shenzhen, reporter Wu Hao) news, on November 26, Hualin Securities ushered in a "cross-border" executive, the new CEO. According to the announcement of Hualin Securities on the same day, Zhao Weixing will be hired as the company's CEO and chairman of the executive committee.
At the same time, Wei Hongbo, former CEO and chairman of the Executive Committee, applied for resignation for personal reasons. Hualin Securities said in the announcement that during Mr. Wei Hongbo's tenure, he actively promoted the company's technological and financial transformation, and the board of directors expressed his sincere gratitude to Mr. Wei Hongbo for his contribution to the development of the company.
At the internal handover meeting held by Hualin Securities, Chairman Lin Li affirmed Wei Hongbo's hard work to the company, "Hongbo highlights the professional quality and integrity that a professional manager should have, which is worth learning and thanking every Hualin person." ”
Lin Li sincerely wishes Wei Hongbo to create brilliant achievements in the new career journey, he said: "I look forward to the future and Hongbo's new company, in the brokerage business, fund sales and other fields of in-depth cooperation, to jointly provide customers with better wealth management services, to help the high-quality development of the capital market." ”
Wei Hongbo also sincerely expressed his gratitude to Chairman Lin Li and the board of directors, he said: "Reluctant students, today I will 'graduate' from Hualin, but I am still connected with Hualin's blood and are still Hualin's close comrades-in-arms." It is reported that after Wei Hongbo leaves Hualin Securities, he may focus on fund investment related business areas.
The new CEO Zhao Weixing has more than 20 years of practical experience in the operation and management of large banks, Internet banks and leading financial technology companies, which may also be one of the important reasons for his "hand in hand" with Hualin Securities.
CEO Wei Hongbo resigned for personal reasons and believes that Hualin will have a better future
Wei Hongbo, who resigned as CEO for personal reasons, joined Hualin Securities in May this year and became the president and chairman of the executive committee of the company in June. After all, the CEO's term of office has only just completed 5 months.
According to public information, Wei Hongbo, born in 1972, worked in Beijing Huadu Group, Beijing Zhongguang Commercial Co., Ltd., Beijing Sanming Group; joined Tencent Technology (Beijing) Co., Ltd. in 2006, successively serving as the editor-in-chief and deputy director of Tencent.com Finance and Economics Center; from October 2016 to April 2021, he worked at Changjiang Securities, successively serving as chief financial technology officer, assistant president, vice president and other positions, and successively serving as general manager of financial product center, general manager of asset custody department, General Manager of Securities Investment Department, etc.
Wei Hongbo has always had deep insights and rich experience in the field of financial technology and wealth management. During his tenure at Hualin Securities, Wei Hongbo vigorously promoted the company's new strategy of transformation to science and technology finance, especially through the reform of "tribal system", and rarely implemented the management mode of agile organization in the securities industry, which aroused strong concern in the industry and opened up a good situation for the Internet transformation of Hualin Securities.
At the internal handover meeting, Wei Hongbo sincerely expressed his gratitude and blessings to Lin Li, chairman of Hualin Securities, and the board of directors, "I am reluctant to students, today I will 'graduate' from Hualin, but I am still connected with Hualin's blood and are still Hualin's close comrades-in-arms." He said that he very much recognizes Hualin Securities' strategic thinking of science and technology finance, and believes that the company has found a leader with rich experience and outstanding achievements in the Internet and financial industries, and the future will be better.
At the handover meeting, Lin Li, chairman of Hualin Securities, expressed his gratitude and affirmation to Wei Hongbo for his efforts and contributions to the company, saying that it demonstrated the professional quality and ethics that a professional manager should have, which is worth learning and thanking every Hualin person, "Especially in the wealth management sector, Hongbo on the one hand pays close attention to refined operation and improves the success rate of online channel account opening; on the other hand, by strengthening the management of the offline sales department, reshaping the operating atmosphere and value orientation of the branches, laying the foundation for the company's long-term development." ”
Lin Li also specifically mentioned in his speech: "After Hong Bo proposed to leave office, he still stuck to his post, fulfilled his duties, and ensured the smooth transition of the company. Just this week, he organized a 3-day branch debriefing meeting to deeply analyze the problems existing in the current operation and study and plan the goals and tasks for 2022. ”
At the same time, Lin Li expressed his heartfelt wishes for Wei Hongbo's new career journey, and said, "I look forward to the future and Hongbo's new company, in the brokerage business, fund sales and other fields of in-depth cooperation, to jointly provide customers with better wealth management services, to help the high-quality development of the capital market." ”
Banking veteran Zhao Weixing took over the baton
On the same day, Hualin Securities deliberated and passed the "Proposal on the Appointment of CEO and Chairman of the Executive Committee", and the Board of Directors decided to appoint Zhao Weixing as the CEO and Chairman of the Executive Committee of the Company.
According to public information, Zhao Weixing has more than 20 years of practical experience in the operation and management of large banks, Internet banks and leading financial technology companies. He has successively worked in huaxia bank, pudong development bank, minsheng bank, bank of Hangzhou and other domestic mainstream banks, in charge of technology operation business, small and micro enterprise financial business, individual consumer retail finance business, and has served as the head of important financial sectors in domestic leading Internet companies such as Ant Financial and Xiaomi.
It is worth mentioning that among the only 3 Internet banks in China, 2 are co-founded by Zhao Weixing, which are MYbank and Xinnet Bank, and have served as vice presidents and presidents respectively. During the period of joining Xiaomi Finance (now Tianxing Digital Division), he has created the best performance of the company in the past 6 years since its establishment.
Chairman Lin Li said that Zhao Weixing will lead Hualin Securities to continue to embrace the Internet, accelerate the pace of technological financial transformation, and achieve the strategic goals of leading domestic technology financial companies.
Zhao Weixing said that online data subverted many industries, although securities companies in the account opening, trading and other aspects of the front, but in the Internet full chain intervention there is still a lot of room to develop, I believe that the time for the outbreak of securities online business has arrived, as long as the firm strategic direction, do not, the future Hualin will be able to create a national-level wealth management APP.
Zhao Weixing and Hualin's strategy of "one shot and one shot"
Zhao Weixing, who has been deeply involved in the banking industry, why is he considering cross-border performance in Xinhualin Securities this time? To a certain extent, this is directly related to Zhao Weixing's previous practice in the field of private Internet banking and related Internet finance.
According to sources close to Hualin Securities, in order to "poach" Zhao Weixing, chairman Lin Li flew from Shenzhen to Beijing to conduct interviews with him for more than 3 hours and promoted a "one-shot agreement" between the two sides.
Hualin Securities said that Zhao Weixing has many years of executive experience in mainstream banks and Internet financial enterprises, and can be applied to the practice of Internet technology to serve users, integrating the steady prudence of mainstream finance and the active innovation of financial technology, and is the first batch of "cross-border" senior management talents in China to practice digital finance and achieve successful results.
Zhao Weixing's successful practice in the field of industrial digitalization may lead Hualin Securities to continue to embrace the strategic layout of Internet brokers, accelerate the pace of the company's transformation and transformation of science and technology finance, and build a technology financial company with customer as the center, technology as the driver, transaction as the basis, and agile as the characteristics.
On the other hand, Zhao Weixing's previous practical experience in the digitalization of rural finance during his previous tenure at MYbank will also help Hualin Securities continue to deepen its investment in serving rural revitalization and farmers' prosperity. It is reported that as the only listed securities company in Tibet, Hualin Securities has given full play to its comprehensive financial service capabilities in recent years, actively helping local poverty alleviation and solving problems such as corporate financing.
Zhao Weixing expressed his gratitude to Wei Hongbo for laying a solid foundation for the company's strategic transformation. At the handover meeting, he mentioned a detail: in the process of the first contact with chairman Lin Li, when the two sides discussed the mobile phone product, Lin Li took out his mobile phone and listened to his ideas on customer development, operation and maintenance very carefully, "Pulling a former financier back to the category of financial services, let me experience the concept of a company with customer centricity." This made Zhao Weixing determined to join Hualin Securities.
Lin Li said in his speech at the handover meeting that next, Zhao Weixing will take over the baton from Wei Hongbo's hand, lead Hualin Securities to continue to embrace the Internet, accelerate the pace of technological financial transformation, and achieve the strategic goals of leading domestic technology financial companies.
Increase investment and strengthen the strategy of science and technology finance
Since the beginning of this year, Hualin Securities has carried out a comprehensive strategic upgrade of the transformation of science and technology finance, carried out a drastic "tribal system" reform from the organizational framework, and vigorously promoted the landing of various supporting systems.
In August this year, Hualin Securities comprehensively upgraded the company's organizational structure and formed a three-line management model of functional control line, science and technology financial line and traditional business line. In the line of science and technology finance, we will build a "6+2" agile tribe including wealth management, bonds, bills, asset management, rural revitalization, FICC and basic platforms and technology platforms, and form a complete closed loop of products, research and development, operation and operation. In terms of assessment, the Internet-based assessment mechanism of OKR and KPI is implemented in parallel.
In line with the effective implementation of this new strategy and structure, in September, Hualin Securities launched the "Hualin Law of Work", which gives corporate culture a stronger guide to action.
Not only at the headquarters level, the optimization and upgrading also reached the sales department network. On November 19, Hualin Securities issued an announcement that in order to comply with the needs of the company's Internet strategic transformation, it further optimized the layout of business outlets and improved operational efficiency, and cancelled 11 branches.
The IDEA layout is also reflected in the increase in information technology investment. Hualin Securities said that as of the end of September, the company's information technology investment increased by about 160 million yuan over the same period last year, of which the information technology investment in the third quarter reached 94.91 million yuan. Hualin Securities also revealed that it is expected that at the end of this year or the beginning of next year, there will be new products that focus on the two major markets of Generation Z and rural finance.
The increase in IT investment has become one of the main reasons for the short-term pressure on Hualin Securities' profitability in the third quarter. According to the third quarterly report, in the first three quarters of 2021, Hualin Securities achieved revenue of 1.064 billion yuan, down 7.67% year-on-year, and net profit attributable to the mother of 481 million yuan, down 27.20% from the previous year.
Chairman Lin Li said that Hualin Securities has clear strategic objectives, a solid business model and sustained profitability. In the future, the company will continue to deepen the digital transformation of the front, middle and back office, build an intelligent business empowerment platform through the construction of super traffic entrance and featured scene services, achieve full coverage of ecological scenarios and full reach of public and private domain channels, and provide comprehensive financial services for individual, enterprise and institutional customers throughout the value chain. At the same time, the company will continue to enhance its ability to serve the real economy and major strategies such as national rural revitalization, continue to create new value, and promote the high-quality development of the securities industry.
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