In 2019, "Old Insurance Agent" took over as the head of the top securities firm's secretary

CSC, a leading brokerage firm, recently announced an important personnel change.

The Board of Directors has approved the appointment of Liu Naisheng as the Secretary of the Board of Directors, while Wang Guangxue will no longer serve as the Secretary of the Board of Directors.

Liu Naisheng is a veteran in investment banking, a pioneer in domestic underwriting, and has led numerous successful underwriting projects. He has led teams to complete representative IPO projects such as CATL and the Beijing-Shanghai High-Speed Railway.

As such a seasoned veteran in the securities industry, after serving as an executive committee member at CSC for seven years, taking on the important role of board secretary naturally attracts attention to his future actions.

Post-70s Elite

According to public information, Liu Naisheng belongs to the post-70s generation of securities practitioners. Using a popular internet slang term, this generation is the most adept at seizing opportunities in the era and is also the most willing to work hard.

Born in 1971, Liu Naisheng graduated from Beijing Institute of Technology (now Beijing Information Science and Technology University) with a Bachelor's degree in Engineering. In addition, he also holds a Master's degree in Business Administration from Tsinghua University.

Liu Naisheng's early work experience was at China Emerging (Group) Corporation. He later worked at China Technology International Trust Investment Co., Ltd., and China Technology Securities Co., Ltd., where he was already engaged in investment banking work, although this experience is not widely publicized.

In March 2006, Liu Naisheng joined CSC, where a strong talent met a big platform, thus initiating a brilliant career in investment banking.

It is worth mentioning that at that time, CSC had just shone brightly after digesting the assets of Huaxia Securities the previous year (2005) and was established. Wang Changqing, the former head of investment banking at CITIC Securities, joined quickly, establishing an advantage in investment banking business.

In the right era, Liu Naisheng made steady progress thereafter. In 2014, he officially entered the senior management of CSC, becoming a member of the Executive Committee of the brokerage.

Starting from 2021, he began to serve as the Director of the Investment Banking Business Management Committee, and from June 2024, he also took on the role of the head of the company's office.

Rich Investment Banking Experience

Liu Naisheng's career is closely related to investment banking business.

Liu Naisheng is known as a "veteran underwriter" in the Chinese capital market. He became an underwriter as early as 2005 and has long been fighting on the front line of investment banking business, involving IPOs, secondary offerings, mergers and acquisitions, and other businesses, with rich experience in this field.

Public information shows that Liu Naisheng has led the completion of IPO projects for companies such as China Hydro, China Travel, China Film, Galaxy Securities, Fuxing Shares, Oriental Garden, NavInfo, Heshun Electric, Qianzhao Optoelectronics, Cuiwei Shares, Neway Shares, CATL, and the Beijing-Shanghai High-Speed Railway. He has also been involved in secondary offerings for companies like China Satellite, China National Trade, Hualian Supermarket, Shuanghe Pharmaceutical, Luxi Chemical, Jinshan Shares, Rainbow Shares, and ZTE, as well as mergers and acquisitions for companies like Jiangsu Guoxin, Sinopec Capital, AVIC Power, and Dongfang Energy He currently also serves as the Vice Chairman of the Investment Banking Committee of the China Securities Association, and has served as a member of the M&A and Restructuring Committee of the China Securities Regulatory Commission and a member of the Listing Committee of the Shanghai Stock Exchange.

Annual Salary of 2.27 Million RMB

According to the 2023 annual report of CSC, Liu Naisheng received a total pre-tax annual salary of 2.2713 million RMB at the end of the reporting period.

The total pre-tax remuneration disclosed by this brokerage's directors and senior executives usually includes basic annual salary, performance-based annual salary (immediate bonuses paid in the previous year), and insurance benefits.

Liu Naisheng's pre-tax remuneration in 2019, 2020, 2021, and 2022 were: 4.1142 million, 6.8564 million, 5.9392 million, and 1.6971 million RMB respectively.

Compared to his peers, professionals in similar positions at other large brokerages, Liu Naisheng's compensation is not particularly outstanding.

Not a Small "Challenge"

After this personnel adjustment, Liu Naisheng took over the key role from Wang Guangxue, who had served as the Secretary of the Board of Directors of CSC for a decade.

Public information shows that both Wang Guangxue and Liu Naisheng are from the "Post-70s" generation. Liu Naisheng is slightly older than Wang Guangxue.

According to his resume, Wang Guangxue had previously worked as a business manager in the Investment Banking Department of Huaxia Securities, and later served as Assistant General Manager and Deputy General Manager of the Investment Banking Department at CSC.

The Secretary of the Board is a senior management position in a listed company, serving as the "key liaison" between the company, the market, and regulatory authorities, responsible for very important tasks such as company information disclosure, investor relations management and maintenance, with significant responsibilities.

Now, this responsibility has been transferred to Liu Naisheng's shoulders