A seasoned securities industry veteran, Zheng Zhiguo, the former Chairman of Shenwan Hongyuan Securities Underwriting and Sponsorship Co., Ltd., is set to begin a new professional chapter by joining Debon Securities as a Senior Vice President.
Zheng Zhiguo is a representative figure who grew within the Shenwan Hongyuan research system, possessing a profound investment research background and extensive management experience. He spent the majority of his 23-year career at the Shenwan Hongyuan Research Institute, often regarded as the "cradle" of securities research in China. During his tenure, he spearheaded major innovations in the research framework, establishing an integrated system combining investment research, industry research, and policy research.
While at the Shenwan Hongyuan Research Institute, Zheng led the establishment of a policy research office, building industry-leading advantages in enhancing the influence of research decisions and creating a high-end think tank brand. This initiative was recommended by the Securities Association of China as a national brand-building unit for the securities consulting industry. He also oversaw the creation of the Shenwan Hongyuan Industry Research Institute, focusing on forward-looking strategic emerging industries and significantly improving industrial chain research services.
In 2021, Zheng transitioned into the investment sector, serving as Chairman of Shenyin Wanguo Investment Co., Ltd., where he achieved notable results. In late September 2024, following leadership adjustments at Shenwan Hongyuan, Zheng stepped down as Party Committee Secretary and Chairman of the Research Institute and assumed the roles of Party Committee Secretary and Chairman of Shenwan Hongyuan Underwriting and Sponsorship. Through his work, he advanced the synergy between research, investment, and investment banking, playing a crucial role in coordinating various business segments of Shenwan Hongyuan Securities.
According to the Securities Association of China's website, Zheng's current registered practicing institution remains Shenwan Hongyuan Securities Underwriting and Sponsorship Co., Ltd., with a normal registration status. His move to Debon Securities marks a significant new career phase for this industry veteran with a composite background in research, investment, and investment banking, and is expected to strengthen Debon's capabilities in these areas.
Debon Securities has been actively recruiting several seasoned professionals. On September 30, 2024, the China Securities Regulatory Commission approved Shandong Financial Asset Management Group and Jinan Science and Technology Financial Group as major shareholders of Debon Securities, with Shandong Financial Asset Management Group becoming the actual controller.
Since the involvement of Shandong Financial Asset Management Group, Debon's core leadership has been gradually established. In May 2025, the company completed the election of a new board of directors, appointing Liang Lei as Chairman, marking the official start of a new state-controlled phase.
Concurrently, Debon has been bringing in experienced external talent. In September 2025, the company appointed Wei Feng, former Vice President of Guotou Securities, as Senior Vice President, and Gao Li, former Financial General Manager of Minsheng Securities, as Chief Risk Officer.
In December 2025, Li Zhenghong, former General Manager of Founder Asset Management, joined Debon as Vice President and, in January 2026, assumed the roles of Chairman and General Manager of Debon Asset Management, achieving management synergy between the asset management business and the parent company.
Furthermore, in February of this year, Debon's Chief Information Officer position changed, with former CIO Chen Lingyun transitioning to Deputy Party Committee Secretary and Vice President, and Song Xiaoguang taking over as Chief Information Officer.
Regarding talent management, Debon Securities adheres to the principle of the Party managing personnel, precisely selecting high-quality talent that meets development needs and systematically advancing the professional development of the management team. The company also actively utilizes market-oriented mechanisms to introduce specialized professionals, laying a solid foundation for developing its wealth management business and constructing a comprehensive risk management system under state-owned control.
In terms of performance, since the state-owned takeover, Debon's operational data has shown steady improvement. In the first half of 2025, Debon Securities achieved operating revenue of 653 million yuan, a year-on-year increase of 10.87%, and net profit attributable to shareholders of 54 million yuan, successfully turning a profit. Additionally, it has been confirmed that Debon Securities recently established a structure with Shanghai as its business center and Jinan as a strategic-level center.