The Fifth Plenary Session of the Nineteenth Central Committee of the Communist Party of China proposed that the "Fourteenth Five-Year Plan" period should be promoted as the theme of promoting high-quality development and accelerate the construction of a new development pattern of double circulation. In order to widely gather the consensus on promoting the high-quality development of the securities industry and accelerate the construction of an industry culture of "compliance, integrity, professionalism and stability", China Securities News and the Securities Association of China jointly launched the column "Senior Executives talking on the high-quality development and cultural construction of the securities industry" throughout the year, inviting senior executives of securities companies to share their ideological insights, practical experience and policy suggestions on the high-quality development or cultural construction of the securities industry in the industry, and jointly write a chapter in the new era of the capital market! This article is the sixteenth column.
Zhang Wei, secretary of the party committee and chairman of The Great Wall Securities Co., Ltd. (hereinafter referred to as "Great Wall Securities"), said in an exclusive interview with a reporter from China Securities News recently that Great Wall Securities has established "safety" and "leadership" as the guiding ideology of the company's high-quality development, replacing the strategic model that hovered between too free marketization or too conservative steady rhythm in the past, and replacing the "core engine" of development. The strategic thinking of "safety" and "leading" is the cultural core of Great Wall Securities, the "one body and two wings" to promote high-quality development, and the culture of "compliance, integrity, professionalism and stability" advocated by the industry.
The three fundamental attributes contain the unique advantages of the high-quality development of Great Wall Securities
Zhang Wei said that the securities industry should take the initiative to seize new historical opportunities for development: First, energy market opportunities. In the future, the country's investment demand in new energy transformation will be huge, and the investment in the upstream and downstream industrial chains and the investment in scientific and technological innovation transformation driven by new energy transformation will reach a trillion-level scale, and the securities industry will have unlimited business opportunities and great achievements in helping energy transformation. The second is capital market opportunities. With the needs of China's economic development, the construction of a capital market with volume, quality, openness and stability has become an important part of the national strategy, and the registration system, investment institutionalization and asset innovation have become a significant trend in the capital market. The securities industry has undoubtedly ushered in a new period of development opportunities again.
Zhang Wei said that in the face of challenges and opportunities, Great Wall Securities relies on its three fundamental attributes to identify the unique advantages of "safety" and "leadership".
Attribute one, the company is a central enterprise with red genes. Great Wall Securities belongs to the central enterprise system, naturally has the glorious responsibility of continuing the red blood and practicing the original mission, is an inevitable participant and contributor to the optimization and upgrading of the national economy, the implementation of major strategies, and a natural partner of the heavy weapon of a big country, shouldering the glorious mission entrusted by the times.
Attribute two, the company is a listed company with a normative mechanism. Great Wall Securities is an A-share listed enterprise, which is a public company widely recognized by investors, standardized governance and highly trusted by customers in strict accordance with the relevant regulations of listed companies, and has a good trend and foundation for sustainable development.
Attribute three, the company is a financial institution with a chartered qualification. Great Wall Securities is a regular licensed institution under strict supervision, with legal compliance franchises, shouldering special economic and social missions and functions, and has a high degree of credit guarantee in the highly market-oriented financial industry, which has the significance of resource scarcity.
Zhang Wei said that the three fundamental attributes contain the unique advantages of the high-quality development of Great Wall Securities, the company will adhere to the implementation of the "safety" and "leading" cultural concepts, to create a comprehensive modern investment bank with the goal of "digital brokerage, smart investment, science and technology finance", adhere to the transformation (that is, optimize the growth model and improve corporate governance) and innovation (that is, focus on strategic customer groups and establish a science and technology financial port) dual-track drive, to achieve intrinsic safety and high-quality development, and strive to create a characteristic first-class securities company specialized in the field of power and energy.
The strategic thinking of "safety" and "leading" is the cultural core of Great Wall Securities
Zhang Wei said that in the face of the new situation and new requirements, Great Wall Securities has carefully considered and established "safety" and "leadership" as the guiding ideology of the company's high-quality development, replacing the strategic model that hovered between too free marketization or too conservative steady rhythm in the past, and replacing the "core engine" of development. The strategic ideas of "safety" and "leadership" are the cultural core of Great Wall Securities, the "one body and two wings" to promote high-quality development, and the culture of "compliance, integrity, professionalism and stability" advocated by the industry.
Specifically, first of all, the safety ideology strives to ensure the longevity of the company's foundation and highlight the long-term vitality of the company's development. Zhang Wei said that compliance management is always the insurmountable bottom line for the survival and development of securities companies, and the evaluation criteria for the development of the company should not be based on the short-term goal of one or two years, but should be lofty and far-sighted, and take the evergreen foundation as the goal. Security is not conservative, nor is it risk appetite, security is the bottom line of Great Wall Securities' evergreen foundation and the pursuit of sustainable development. "Intrinsic safety" is the bright road for the company's development, only by ensuring "intrinsic safety" and firmly adhering to the bottom line of not having systemic financial risks, can the company go far and steady.
Secondly, the leading ideology promotes the company's rapid development and leads Great Wall Securities to a "paradigm revolution" that breaks through the cocoon and is reborn. The idea of "leading" completely breaks the constraints of the previous "alignment" strategy, which is a fundamental "paradigm revolution" in ideology, which is to promote Great Wall Securities to comprehensively build the company's unique leading advantages from all levels such as corporate transformation, business objectives, team building, and customer focus. Only by firmly adhering to the "leading" thinking can the company break through the cocoon and achieve a leap forward, truly build the vision of "digital brokerage, smart investment, and science and technology finance", and achieve the lofty goal of entering the forefront of the industry.
Third, "safety" and "leading" are "one body and two wings" of high-quality development, of which "safety" is the foundation and "leading" is the top priority. Safety is the premise, no security of the lead is a false lead, especially in the high-risk attributes of the capital market, security in place itself is a kind of leadership; on the other hand, the lead is a solid guarantee of security, in the increasingly fierce competition reality, only always maintain business leadership, technology leadership, in order to truly achieve security, in order to truly achieve long-term peace and stability.
Zhang Wei said that "safety" and "leadership" are in the core position of Great Wall Securities' "14th Five-Year Plan" strategy, and comprehensively commanding the "14th Five-Year Plan" strategic planning is an important guarantee and prerequisite for realizing the company's strategy. Through "transformation" and "innovation", the company looks for "nobles" for development, including the needs of the capital market, the needs of the energy market, etc.; to avoid the "enemies" of development, including unsafe matters, non-leading matters, etc., its goal is to build a solid building of "safety" and "leading" of Great Wall Securities to ensure that the company's "14th Five-Year Plan" strategy lands as scheduled. In addition, "safety" and "leadership" are also the guiding ideology of the company's systematization, which penetrates into all aspects of strategic planning.
The cultural concept of "four-in-one" to ensure "safety" and "leading" has taken root
Zhang Wei said that Great Wall Securities has taken root from the cultural concepts of "party building leadership, characteristic track, supervision and guarantee, and spiritual reshaping" to ensure "safety" and "leading".
Specifically, first of all, give play to the four guidelines of party building: strengthen ideals and beliefs, arm the mind with scientific theories, and deeply study the basic theory of Marxism, especially to deeply study Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era.
Firmly for the public heart, the company should be based on the "two overall situation", with the "big country", focus on the implementation of the two "consistent" general requirements of state-owned enterprises, focus on the implementation of financial services real economy, focus on the implementation of financial risk prevention, and strive to implement the concept of green financial development to help the "double carbon" national strategy.
Strengthen the power of the organization. The party's strength comes from the organization, the company requires the majority of party members and cadres to strengthen the sense of organization, collective and discipline, always put the overall situation of the development of the service company in the first place, and be good at integrating the work of the department into the overall situation of the company's development. Always practice safeguarding collective interests and honors, organize the majority of employees to carry forward the collective spirit and give play to professional expertise, and continue to enhance the company's strong organizational ability and reform and development momentum.
Improve the correction mechanism. Especially at the level of system management, based on the actual development needs, do a good job in the "retention, abolition, reform and establishment" of the system. We should continue to conscientiously implement the effective system; adjust and update the system that is not strong or perfect in a timely manner; and adjust or abolish the system or clause that does not meet the needs of the company's development and has become obsolete. Deepen the treatment of both symptoms and root causes, strengthen the construction of the company system system, and form a long-term mechanism for standardized management and scientific development.
Second, build four characteristic tracks. In terms of wealth management business, adhere to the customer-centric, gather wealth management, value creation, accelerate the construction of core competitiveness; investment banking business, focus on science and technology finance, green finance, to create a specialized investment bank featuring energy and science and technology industry, play the driving effect of the "locomotive"; asset management business, return to the business source, based on the results of active management transformation, and strive to become an important internal support wealth management business product center and the company's external important customer center.
In terms of institutional business, to deepen industrial research, the company's industrial finance research institute was founded and released the Great Wall Securities Carbon Neutral Series Index; asset custody obtained a public offering license, accelerated the development of recommended business, and became an important weapon for the growth of the company's institutional business; investment research business gradually embarked on the journey of "smart investment" and effectively played the role of "think tank".
Third, strengthen the three major supervision guarantees: in terms of compliance risk control, the company takes comprehensiveness, refinement and technology as the main line of development, strengthens the fineness of risk control at all levels, implements the responsibilities of the three lines of defense, strengthens the comprehensive risk management system, and strengthens the awareness of risk control and compliance of all employees.
In terms of inspection and supervision, the company set up a party committee inspection team and set up a consulting and supervision commissioner in the planning and development department to form a dual supervision of the company's business and ensure that the company "obeys the command of all actions".
In terms of discipline inspection and petitioning, the company continues to strengthen the construction of the system, clarify the responsibilities, ensure that the petitioning and reporting are carried out in an orderly manner within the scope of the system, and create a good enterprise ecology with a clean and healthy atmosphere with a legitimate and orderly discipline inspection and petitioning work.
Fourth, reshape the ideal personality code of behavior of Great Wall Securities and bring together the vigorous strength of Great Wall Securities to realize its glorious dream. Improve the Great Wall personality of "firm political position, open-mindedness", "pay attention to unity, bear in mind the overall situation of the company", "highly self-disciplined, and obey the command of all actions".
Zhang Wei said that financial security and service entities are related to national strategies. On the new journey of the second centenary goal, Great Wall Securities will persistently implement the cultural concept of "safety" and "leading", strive to make it the action consciousness and cultural consensus of all employees, pursue "core leadership" on the basis of ensuring "intrinsic safety", seek progress in stability to achieve high-quality development, and effectively play an important role in the development of the real economy of financial services in the new era.
(This column is jointly launched by China Securities News and Securities Association of China)
Zhang Wei
Senior Engineer, currently a member of the Party Committee of Huaneng Capital Company, secretary of the Party Committee and chairman of the Board of Directors of Great Wall Securities Co., Ltd. He has worked in Beijing Power Economics College, China Electricity Council, and China Huaneng Group Corporation. He once served as a member of the party group, the head of the discipline inspection team, the deputy general manager of Huaneng Finance Company, the secretary of the party committee and general manager of Huaneng Carbon Asset Company [during the period: (December 2016 to January 2019), and served as a member of the party group and deputy director of the Sichuan Provincial Science and Technology Department (at the level of the main hall)]; the general manager and deputy secretary of the party committee of Huaneng Energy Transportation Company.