CITIC Securities ' Chairman , Wang Dongming , is to step down next door with the company still embroiled in a series of investigations , following a massive crackdown within the financial community ; his age has been cited as the factor for his resignation , with Zhang ##ming being named as a potential successor . As we previously noted , half of the brokerage firm 's five - member executive committee have been placed under investigation since 2014 for possible insider trading .
CITIC Securities' Chairman, Wang Dongming, is to step down next year with the company still embroiled in a series of investigations, following a government crackdown within the financial industry; his age has been cited as the factor for his departure, with Zhang Youjun being named as a potential successor. As we previously noted, half of the brokerage firm's eight-member executive committee have been placed under investigation since August for possible insider trading.