Recently, the news of Dong Guoqun, deputy general manager of the Shanghai Stock Exchange, being taken away for investigation as he nears retirement age has spread widely in the financial circles. At the same time, Jiang Chengjun, head of investment banking and deputy general manager of China’s largest brokerage firm, Haitong Securities, has resigned, with market rumors suggesting that he is “in trouble”.
According to a report by mainland Chinese media outlet “PengYouQuan,” 59-year-old Dong Guoqun, deputy general manager of the Shanghai Stock Exchange, was taken away during working hours on July 29.
Public records show that Dong Guoqun, born in May 1965, holds a Master’s degree in Business Administration and is a member of the Communist Party of China. He has previously held positions as deputy director, director, member of the discipline inspection commission, and deputy director of the Market Development and Service Professional Committee at the Shanghai Stock Exchange. Currently, he serves as a member of the Communist Party Committee and deputy general manager of the Shanghai Stock Exchange, as well as the joint director of the Investor Education and Protection Special Committee of the Exchange’s Board of Directors.
In April this year, the eighth central inspection team of the Communist Party of China conducted a three-month inspection of the Communist Party Committee of the Shanghai Stock Exchange.
Dong Guoqun is due to reach retirement age in one year.
Simultaneously, it was reported that Jiang Chengjun, head of investment banking and deputy general manager of Haitong Securities, was asked to assist in an investigation.
On the afternoon of July 31, Haitong Securities issued a statement announcing that the board of directors had received Jiang Chengjun’s resignation letter, citing personal reasons for resigning from his position as deputy general manager of the company.
In contrast to previous resignation announcements for senior executives at Haitong Securities, this announcement did not express gratitude to Jiang Chengjun for his years of service. The wording was unusually succinct, even bordering on curt.
Jiang Chengjun has been deeply involved in the field of investment banking since joining the investment banking department of Haitong Securities in August 2000, with a career spanning over 20 years. He has held various important positions such as deputy general manager of the investment banking department, deputy general manager of the investment banking department (in charge of work), general manager of the investment banking department, and general manager of the investment banking headquarters, making him a key figure in the investment banking business of Haitong Securities. On June 30, 2023, Jiang Chengjun was appointed as deputy general manager.
From 2021 to 2023, Jiang Chengjun’s annual salaries were 5.4968 million yuan, 3.1776 million yuan, and 1.9774 million yuan respectively.