Resigning from Northeast Securities, Fu Peng's latest response

A reporter from Securities China learned today that Fu Peng, chief economist of Northeast Securities, has resigned from Northeast Securities due to physical reasons and no longer holds any position in Northeast Securities.

Public information shows that Fu Peng has served as chief economist of Northeast Securities since February 21, 2020. At present, there is no Fu Peng information on the website practitioner platform of the China Securities Association, and there is only one person with the same name in other securities companies.

"There is no consideration for the next stop at the moment. I just finished the operation and recovered my health first." Fu Peng told a reporter from Securities China.

According to information, Fu Peng has a compound experience across the international and domestic financial markets. He joined Lehman Brothers in 2004 and later worked at Solomon International Investment Group, London. After returning to China, he served as chief macro strategy analyst of the Medium-term Group and deputy director of the Galaxy Futures Research Center, and has a high influence in the fields of macro strategy, asset allocation, etc.

It is reported that in November last year, Fu Peng attracted market attention for "blasting" HSBC's rumors on his circle of friends. He posted on WeChat Moments that an event hosted by HSBC was cancelled due to HSBC's own reasons, but the relevant staff spread rumors to customers, saying that the reason for the cancellation of the event was "because Fu Peng was interviewed by regulators." Fu Peng expressed strong dissatisfaction in this regard. At that time, the relevant person in charge of Northeast Securities also responded, "Fu Peng has not been interviewed by regulators recently."

In the first quarter of 2025, Northeast Securities' total operating income was 1.485 billion yuan, a year-on-year increase of 25.94%; net profit attributable to shareholders of listed companies was 202 million yuan, a year-on-year increase of 859.84%. The main reason is that the revenue from wealth management business and investment business increased year-on-year. At the same time, the company's various risk control indicators continue to comply with regulatory standards.

In 2024, Northeast Securities' research and consulting business will be based on the origin of research business. In terms of external services, the company will focus on strengthening professional capabilities, improving value discovery capabilities and in-depth research capabilities, focusing on the needs of core public offering customers, and providing better products and services; at the same time, the company will increase its efforts to explore the resources of non-public offering customers such as listed companies and foreign-funded enterprises, find new business growth points, and explore the construction of new service models. In terms of internal services, we will give full play to our own research advantages, strengthen internal business empowerment, innovate collaborative models with the company's investment banking and wealth management business, and establish a market value management and planning service system covering research and consulting, investor relations management, etc., to empower listed companies to improve their value. In 2024, the company's research and consulting branch completed a total of 2,762 research reports of various types, including 710 in-depth research reports; 27,776 roadshow services for analysts and experts were carried out, and 1,230 meetings of various types were held through online live broadcasts and offline exchange meetings.

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[Editor in charge: Ma Yidong PF171]

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