Zhao Wei "officially announced" joining Shenwan Hongyuan, the old-fashioned securities firm welcomes a new chief economist

Shenwan Hongyuan, a veteran brokerage firm in the industry, welcomes a new chief economist. On July 23, Zhao Wei, as the chief economist of Shenwan Hongyuan Securities, published his first article on the Shenwan Hongyuan research account, marking the beginning of his new research "journey." Zhao Wei's first article at Shenwan Hongyuan is titled "Macroeconomic Research, a 20-year 'Learning' Journey," which summarizes his previous research career. The article is full of vivid details that are captivating to read. Formerly Studied under Jiang Boke According to the article, Zhao Wei developed a strong interest in the economic context of China after the reform and opening up in 2004 (20 years ago). He then had the opportunity to pursue a direct Ph.D. at Fudan University and became a student of the renowned professor Jiang Boke. During his Ph.D. studies, Zhao Wei's main research area was monetary theory and policy, with his doctoral dissertation focusing on "Research on the Optimal Monetary Policy Rule." For a long time, he believed that for the real world, following the optimal path deduced from theoretical frameworks was the correct approach. Policies should converge towards the "optimal solution"; companies and individuals should also move forward along the optimal path once their goals are clear. Long-term Positions in Brokerage Firms Since 2013, Zhao Wei has held positions at Dongfang Securities, Changjiang Securities, Kaiyuan Securities, and Guojin Securities Research Institute. From August 2013 to July 2014, Zhao Wei worked at Dongfang Securities. From May 2016 to June 2020, Zhao Wei worked at Changjiang Securities, where he grew to become the assistant director of the research institute and the chief analyst of macro bonds. He was responsible for managing five teams in macro, strategy, financial engineering, overseas strategy, and fixed income. During his time at Changjiang Securities, Zhao Wei was twice named the Best Analyst by New Fortune in the field of macroeconomic research. He ranked 4th in 2018 and 3rd in 2019. From June 2020 to November 2021, Zhao Wei worked at Kaiyuan Securities as the chief economist and deputy director of the research institute, officially entering the ranks of sell-side chief economists. At the end of November 2021, he joined Guojin Securities and later became the chief economist and executive director of the research institute. Currently, Zhao Wei serves as the chief economist of Shenwan Hongyuan Securities; he also holds positions such as director of the China Chief Economist Forum and member of the Chief Economist Committee of the China Securities Industry Association. In his latest article, Zhao Wei actively expressed that in this new journey, he will lead the macro team of the research institute to stick to their original aspirations and continuously improve: in research, "reasoning with truth, seeking practicality," conducting truly grounded economic research; in management, fully tapping into the individual strengths of each member, and coordinating comprehensively internally and externally. He and his team will closely follow the company's strategy, do their job well, learn and improve the macro research framework along with Yang Chengzhang. Dual Chief Economists Apart from Zhao Wei, Shenwan Hongyuan Securities also has another chief economist, Yang Chengzhang. Born in 1963, he has been a chief economist for 20 years and possesses rich academic and practical experience Yang Chengzhang, based on knowledge of economics and social sciences, actively explores the consultancy path of macroeconomic, industry, and policy research. Through coherent analysis of macro, meso, micro, and market aspects, as well as correlation analysis of quantity, price, structure, and benefits, he has shaped the research institute's systematic, complete, rigorous, and empirical research characteristics. His advocacy of a method that studies from the macro, policy, and industry perspectives is an innovation in domestic securities research. He has carried out a series of reforms and innovations in the field of macroeconomic research, establishing the positioning of integrating macro, industry, finance, and policy in macroeconomic research. This has promoted the consultancy, specialization, and standardization of macro policy research, exerting a considerable influence among domestic institutional investors. It is reported that Yang Chengzhang, as the chief economist of the research institute, will continue to be responsible for overseeing the policy research work of the institute