Key facts
- Zou Yingguang has been appointed Communist Party chief of Citic Securities.
- Zou Yingguang is expected to become chairman of Citic Securities.
- Zhang Youjun is the current veteran chairman of Citic Securities.
Citic Securities Co. Ltd. has appointed Zou Yingguang as its Communist Party chief, positioning him to succeed veteran chairman Zhang Youjun. Zou, who currently holds the positions of president and deputy Party chief, was named Party secretary in an internal circular on Tuesday, according to people familiar with the matter. In state-linked Chinese financial institutions, the top Party post is typically held concurrently with the board chairmanship. Zou is expected to assume the chairmanship once standard corporate and regulatory procedures are finalized.