Management Reshuffle Complete at Guolian Minsheng Securities: Chairman Ge Xiaobo Demoted to President - What's Behind This Move?

Deep News
Aug 15

On August 8th, Guolian Minsheng Securities Company Limited announced a series of senior management adjustments. Gu Wei officially assumed the role of chairman, becoming the company's top executive and legal representative effective from the date of board approval. Other positions also underwent various changes.

According to public information, Gu Wei was born in 1975 and is currently 50 years old. A native of Wuxi, Jiangsu Province, he graduated from Shanghai University of Finance and Economics with a bachelor's degree in Management Information Systems and later obtained a Master's degree in Public Administration from Nanjing University. In his early career, he worked in various government departments in Wuxi, holding numerous key positions. In December 2023, he served as President of Guolian Group, and four months later, became Chairman of Minsheng Securities. In July of the same year, he took on related positions at the former Guolian Securities. At that time, Guolian Securities and Minsheng Securities were undergoing a crucial merger and reorganization, and Gu Wei effectively became the driving force behind the integration process during the later stages of the restructuring.

Notably, this management reshuffle at Guolian Minsheng Securities Company Limited involved other key positions as well. Former Chairman Ge Xiaobo was reassigned to the position of President. Additionally, the company appointed Xiong Leiming as Executive Vice President, and Zheng Liang and Hu Youwen as Vice Presidents. Including Executive Vice President Wang Jinling, who was already adjusted in June this year, the new leadership team of Guolian Minsheng Securities Company Limited is now fully established.

Previously, the major shareholder of Guolian Minsheng Securities Company Limited was changed to Wuxi Guolian Development (Group) Co., Ltd. As of December 30, 2024, Guolian Securities held 99.26% of Minsheng Securities' shares, becoming its controlling shareholder. Ge Xiaobo was the former chairman, and after the change in major shareholder, it was impossible for him to continue as chairman - being appointed as president is already quite favorable.

According to the company's performance pre-announcement released in July, it achieved a net profit attributable to shareholders of 1.129 billion yuan in the first half of 2025, an increase of 1.041 billion yuan compared to the same period last year, representing a year-on-year growth of approximately 1,183%. The integration effects have begun to show.

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