China International Capital Corporation Limited (CICC) Wealth Securities Co., Ltd. (CICC Wealth) recently announced a high-level executive appointment. Chen Liang has been appointed as Chairman of CICC Wealth, marking a rare instance where the chairman of the parent company concurrently holds the same position at a subsidiary, overseeing both corporate layers.
Such an arrangement is uncommon in the securities industry. Analysts anticipate that CICC will further strengthen its management of this wealth management platform, with potential developments ahead. As leading brokerages intensify their wealth management expansions, what path will CICC Wealth take?
**Who is Chen Liang?** Chen Liang is a seasoned veteran in China’s securities sector. Public records show that Chen, born in January 1968, holds an Executive MBA from Fudan University. He began his career in securities in the early 1990s.
From October 1994 to February 2001, he held various roles at Xinjiang Hongyuan Trust & Investment Co., including Director of the Computer Department, Deputy General Manager of the Securities Department, and Manager of the Wenyi Road Securities Branch. This early experience provided him with hands-on operational insights.
From February 2001 to September 2009, he served in multiple leadership roles at Hongyuan Securities Co., Ltd., including General Manager of the Urumqi Business Headquarters, Assistant General Manager, and Head of the Xinjiang Marketing & Brokerage Center.
Starting September 2009, Chen entered the senior executive phase of his career. By January 2015, he had risen to Deputy General Manager of Hongyuan Securities and Chairman of Hongyuan Futures Co., Ltd., demonstrating cross-sector expertise in securities and futures.
Following mergers and restructuring, he held key positions at Shenwan Hongyuan Group and Shenwan Hongyuan Securities from December 2014 to May 2019, including Party Committee Member, General Manager, and Executive Director of Shenwan Hongyuan Western Securities.
In June 2019, Chen left Shenwan Hongyuan after two decades to join Galaxy Securities as President, Vice Chairman, and later Chairman. In October 2023, he transitioned to CICC, where he now serves as Party Committee Secretary and Chairman of the Management Committee. His leadership across three major brokerages has drawn market attention, particularly his move from Galaxy Securities to CICC.
**The Evolution of CICC Wealth** CICC Wealth traces its origins to 2005 when China Jianyin Investment acquired assets from the former Southern Securities, forming China Jianyin Investment Securities Co., Ltd.
By late 2008, ownership was transferred to Central Huijin Investment, granting it state-backed capital and resources. In November 2011, the firm rebranded as China Investment Securities Co., Ltd.
In March 2017, CICC acquired Huijin’s full stake, making it a wholly-owned subsidiary and laying the groundwork for wealth management integration. At the time, CICC’s core strength was investment banking, while its brokerage and wealth management segments lagged behind traditional retail-focused peers.
In September 2019, the subsidiary was renamed CICC Wealth, officially adopting a wealth management focus. Since then, wealth management has become a significant revenue driver for CICC. In the first half of 2025, CICC’s wealth management segment generated 4.179 billion yuan in revenue, while CICC Wealth reported 3.821 billion yuan in operating income and 987 million yuan in net profit, up 46.74% and 88.66% year-on-year, respectively.
According to CICC Wealth’s website, its advisory assets under management surpassed the 100 billion yuan milestone by July 2025. The firm’s client-centric advisory model emphasizes independent asset allocation and portfolio management, distinguishing it from traditional sales-driven approaches.