Financial Associated Press, July 11 (Reporter Lin Jian) After working at Hillhouse for two years, research veteran Liang Hong has returned to a field he is familiar with - the securities industry.A reporter from the Financial Associated Press recently learned that Liang Hong has resigned as the director of the Industry and Innovation Research Institute under the Hillhouse Group, officially assumed the position of New Huatai Securities, and served as the co-chairman of the Institutional Business Committee and is a member of the company's management management.
Why did you leave Hillhouse?What is the content of the job title at Huatai Securities?What important changes will it bring to Huatai after joining?These are all important concerns of the industry to Liang Hong.
According to the official website of the Securities Association of China, Liang Hong’s current practice institution has been updated to Huatai Securities.
The picture shows the personal information of Liang Hong from the Securities Association of China, and the registration date of his resignation from CICC is June 4, 2020 The picture shows the personal information of Liang Hong from the Securities Association of China, and the registration date of his resignation from CICC is June 4, 2020
Liang Hong worked at CICC for nearly 12 years. He was the former "head" of CICC's research and the former chief economist of CICC.The news of her departure from CICC once caused an uproar in the industry.Liang Hong officially left CICC in June 2020, and joined Hillhouse in July of the same year, serving as the dean of the Industry and Innovation Research Institute under Hillhouse Group, and subsequently served as a non-executive director of China Pacific Insurance.
During her time at Hillhouse, Liang Hong rarely made a public statement, which is in line with the low-key label she had when she was the chief economist of CICC.
According to public information, Liang Hong was an economist at the International Monetary Fund, chief economist and managing director of Goldman Sachs in China, co-head of Asia-Pacific Economic Research, member of the Management Committee, head of the research department, chief economist of CICC. Co-head of the Sales Trading Department and Head of the Capital Markets Department, he holds a bachelor's degree from Peking University and a Ph.D. in economics from Georgetown University.Currently, Liang Hong is also a non-executive director of CPIC.
According to a reporter from the Financial Associated Press, Liang Hong's joining Huatai Securities this time belongs to "high-end talent introduction". From past experience, Liang Hong has very rich experience in "research + sales".After joining Huatai Securities, what changes Liang Hong will bring has become the focus of the industry.
Once the "head" of CICC research, now chooses Huatai Securities
According to public information, Liang Hong graduated from Peking University with a bachelor’s degree in international relations and a bachelor’s degree in law. Later, he received a full scholarship to study in the United States. He studied in the Department of Economics of Georgetown University and received a Ph.D. in economics. In September, he joined Goldman Sachs AP as Executive Director of the Asia-Pacific Economic Research Business Unit, and was later promoted to Chief Economist and Managing Director.While at Goldman Sachs Asia Pacific, she focused on economic activity in mainland China.
Liang Hong's first stop in the securities industry started at CICC.She joined CICC in 2008 and became the head of CICC Research in May 2013. She has held this position for 7 years and is known as the "head of CICC Research".In 2014, after the departure of the former chief economist Peng Wensheng, Liang Hong also successfully took over as the chief economist of CICC, becoming one of the few high-end talents in the industry who was both a company executive and a chief economist at that time.
The picture shows the content of China Pacific Insurance's 2021 annual report, Liang Hong's resume The picture shows the content of China Pacific Insurance's 2021 annual report, Liang Hong's resume
From Liang Hong's past tenure, it can be seen that Liang Hong is a low-key person.As the chief economist of CICC at that time, her name never appeared on the list of the Chief Economist Forum or the Chief Economist Committee of the China Securities Association.In addition, Liang Hong's low-key continued into Gao Ling's tenure, rarely expressing his views in public.
Liang Hong is also one of the most influential figures in the field of domestic macroeconomic research.A reporter from the Financial Associated Press has had contact with Liang Hong, who is still working at Hillhouse. She said at that time that the main industries she studies are scientific and technological innovation, carbon neutrality, hard technology and practical research related to manufacturing upgrades.
The reporter noticed that after Liang Hong joined Hillhouse, the main activities revolved around the research direction of carbon neutrality.In March 2021, Hillhouse Industry and Innovation Research Institute and Beijing Green Finance and Sustainable Development Research Institute jointly released "Towards 2060 Carbon Neutrality - Focusing on Opportunities and Challenges on the Road to Decarbonization", Liang Hong pointed out at that time , Hillhouse continues to increase investment in climate change, new energy, green and low-carbon technologies through forward-looking industry research.In the future, Hillhouse will continue to look for new opportunities for industrial upgrading and technological breakthroughs to provide benefits for the sustainable development of the whole society.
In May of the same year, Liang Hong also shared related carbon neutrality topics at a forum of Peking University Shanghai Alumni Association, sharing the significance of researching carbon neutrality, as well as the opportunities and challenges that may be faced in the future.In September of the same year, Liang Hong participated in the 2021 China Carbon Neutralization Promotion and Exchange Conference, released a report on the evolution and outlook of the global carbon credit mechanism, and delivered a speech.
What changes will joining Huatai Securities bring?
It can be seen that this time Liang Hong joined Huatai Securities as the co-chairman of the Institutional Business Committee, bringing with him his long-term research and observation experience, which may be one of the contributions to Huatai Securities.
According to the official website of Huatai Securities, the company's institutional services mainly include investment banking, investment trading, prime brokerage (PB) business, research and institutional sales.Huatai Securities pointed out that the company integrates investment banking, institutional investor services and investment transaction resources, and at the same time effectively connects through institutional sales to provide a full range of comprehensive financial services for various corporate and financial institution customers.
A reporter from the Financial Associated Press noticed that before Liang Hong joined Hillhouse, a person close to Hillhouse said in an interview with the media, "If you switch to Hillhouse, Liang Hong's research ability and some resources may be better able to work with Hillhouse. The combination of Hillhouse's investment business." Right now, Liang Hong's joining Huatai Securities may bring similar effects.
