From joining as a Tsinghua University master's graduate in 1998 to taking the helm in 2025, Wang Shuguang has completed a comprehensive "CICC-style growth" journey over 27 years.

On August 29, China International Capital Corporation Limited officially announced the appointment of Wang Shuguang as company president and nominated him as executive director candidate. Wang Shuguang's party position was also upgraded in August to Deputy Party Secretary of CICC.

Born in November 1974, Wang Shuguang joined CICC in 1998 as a Tsinghua University master's graduate and has never left the company since.

Starting from a grassroots position in the investment banking division, he has steadily risen through four major career phases: promoted to Managing Director in 2010, took charge of the investment banking division and joined the management committee in 2022, and now assumes overall operational authority of the company, becoming another internally cultivated president in CICC's history. His career path has been clear and comprehensive, fully demonstrating CICC's systematic strategy in talent cultivation and succession planning.

Since Zhu Yunlai's tenure, most of CICC's presidents over the past 20+ years have been promoted internally and possess deep investment banking backgrounds.

Wang Shuguang's new appointment has also drawn market attention to his partnership with Chairman Chen Liang (former Chairman of China Galaxy Securities).

CICC and Galaxy Securities have had frequent senior executive exchanges in recent years, sparking widespread market speculation about a potential merger between these two institutions under Central Huijin.

Wang Shuguang's appointment as president at this time may further drive CICC to consolidate its core advantages in technology company IPOs, cross-border M&A, and investment banking overseas expansion, playing a key role in industry consolidation and strategic transformation.

Wang Shuguang of CICC: A "Post-70s" Leader Takes Command

From grassroots employee to president at CICC, Wang Shuguang took 27 years. This 51-year-old "veteran CICC insider" has now officially become the company's new president, emerging as another "post-70s" leader in the securities industry's senior management ranks.

Born in November 1974, Wang Shuguang is relatively young among current securities firm leaders. As many "post-60s" executives gradually retire, a new generation of "post-70s" and "post-80s" leaders like him are moving toward center stage in the industry.

His career has been closely intertwined with CICC. In 1998, Wang Shuguang joined the then three-year-old CICC after graduating with a master's degree from Tsinghua University and has never left since. Starting from the investment banking division, he progressed through four major career phases and gradually rose to core management, exemplifying CICC's success in internal talent cultivation.

Reviewing his 27-year career path:

Phase One (1998-2010): In 1998, he joined CICC's Investment Banking Division, starting from grassroots positions and accumulating extensive investment banking practical experience.

Phase Two (2010-2022): In 2010, at age 36, Wang Shuguang was promoted to Managing Director and began taking leadership roles, subsequently serving as head of multiple important departments, including head of the Growth Enterprise Investment Banking Division responsible for supporting and serving high-growth enterprises, and co-head of CICC Capital Management Division, leading CICC Capital's international business and M&A investment-related operations.

Phase Three (2022-July 2025): Starting July 2022, Wang Shuguang entered CICC's core leadership, serving as head of the Investment Banking Division with comprehensive oversight of CICC's most critical investment banking business, and became a Party Committee member in December of the same year. In January 2023, Wang Shuguang joined CICC's highest decision-making body - the Management Committee.

Phase Four (August 2025-): Now, Wang Shuguang has been promoted to company leadership. He was appointed president and nominated as executive director candidate; his party position was also upgraded in August to Deputy Party Secretary of CICC. This means Wang Shuguang has become CICC's second-in-command.

30 Years, Over Ten Presidents, with Most Presidents in Recent 20 Years Coming from Internal Promotion

CICC was established in 1995, marking its 30th anniversary this year.

Over 30 years, more than ten individuals have held the position of CICC president. In the early years, presidents were appointed by Morgan Stanley and were mostly foreign nationals. Since Zhu Yunlai became president in 2002, CICC presidents have been primarily selected through internal promotion. Moreover, these presidents mostly possess extensive investment banking experience, closely related to CICC's emphasis on investment banking business since its inception and its commitment to building a world-class investment bank.

Zhu Yunlai is a benchmark figure in CICC's internal cultivation. During his tenure, CICC established its leading position in China's investment banking industry. Subsequent leaders Bi Mingjian and Huang Zhaohui were also internally promoted investment bankers. Wang Shuguang, now appointed president, has over 20 years of investment banking experience at CICC.

In April 2024, after CICC President Wu Bo resigned, the president position remained vacant, with Chairman Chen Liang acting in that capacity. With Wang Shuguang's appointment, he will partner with "parachuted" Chairman Chen Liang from Galaxy Securities to jointly lead CICC's next phase of development.

CICC and Galaxy Securities both belong to Central Huijin. Frequent senior executive exchanges between CICC and Galaxy Securities in recent years have sparked widespread market speculation about a potential merger between the two institutions.

Before joining CICC in 2023, Chen Liang served as Chairman of Galaxy Securities; while Galaxy Securities' current Chairman Wang Sheng came from CICC's investment banking division and was formerly Wang Shuguang's direct supervisor. After Wang Sheng transferred to Galaxy Securities in July 2022, Wang Shuguang succeeded him as investment banking head until this promotion to president.

Since its establishment, CICC's chairmen have mostly been externally recruited, often with deep shareholder or regulatory backgrounds. The president position is often viewed as the career pinnacle achievable through internal promotion. Wang Shuguang's promotion validates his personal capabilities and reflects CICC's continued advancement of talent strategy focused on professional development.

Industry observers note that under Wang Shuguang's leadership, CICC is expected to further consolidate its advantages in international investment and financing and capital market services, particularly in areas such as technology company IPOs, cross-border M&A, and investment banking overseas expansion.