On July 7, Guotai Haitong (02611.HK) fell 3.05% in regular trading, trading at HKD 14.86 with turnover of HKD 42.76 million, retreating after the stock surged over 6% at open on the previous trading day.

The decline follows a rapid sequence of major corporate events. On July 5, the company announced that President Li Junjie resigned due to a work reassignment to a municipal government role, with Chairman Zhu Jian temporarily assuming presidential duties until a successor is appointed. Li was the first president of the merged entity formed from Guotai Junan and Haitong Securities, and his departure introduces near-term leadership uncertainty.

The management reshuffle comes just days after the company issued a strong profit alert on July 3, projecting H1 net profit of RMB 20.0-20.5 billion, up 27-30% YoY, with non-recurring adjusted net profit surging 164-171%. The broader brokerage sector also showed broad weakness, with CMSC down 3.54%, CICC down 1.94%, and CITIC Securities down 1.41%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)