--- title: "The post-90s investment bank VP returns home to take over! The \"second-generation succession wave\" in A-shares is coming, with Youyou Food directly promoting his nephew to a position" type: "News" locale: "en" url: "https://longbridge.com/en/news/272230785.md" description: "90s investment bank VP Ao Hang returns to the family business SDL, becoming a non-independent director, marking the arrival of the \"second-generation succession wave\" in A-shares. Ao Hang has a rich financial background, having worked at Guotai Junan Securities and Minsheng Securities, quickly rising to the position of vice president. Although he currently does not hold any shares in the company, his father Ao Xiaoqiang is the controlling shareholder. SDL's stock price has risen to 9.20 yuan, with a total market value of 5.849 billion yuan" datetime: "2026-01-12T07:09:37.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/272230785.md) - [en](https://longbridge.com/en/news/272230785.md) - [zh-HK](https://longbridge.com/zh-HK/news/272230785.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/272230785.md) | [繁體中文](https://longbridge.com/zh-HK/news/272230785.md) # The post-90s investment bank VP returns home to take over! The "second-generation succession wave" in A-shares is coming, with Youyou Food directly promoting his nephew to a position A personnel change announcement from a listed company brought tears of envy to the editor in front of the computer. On the evening of January 9, Beijing SDL Technology Co., Ltd. (hereinafter referred to as "SDL", 002658.SZ) announced that the board of directors had completed its re-election and simultaneously completed the appointment of senior executives. Among them, the appearance of a post-90s face has attracted additional attention from the market. The announcement shows that Ao Hang, born in 1992, was appointed as a non-independent director of the company along with his father Ao Xiaoqiang and two other female executives born in the 1970s. ![Image](https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/O2eQqVe_2MeSOoyHpkfoOjFlErJM1hevGMTgYxr5vS1qgAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) Thus, this well-established listed company in the environmental monitoring field officially welcomes the "second generation" into the core of the board of directors. As of now, SDL's stock price is reported at 9.20 yuan/share, up 0.66%, with a total market value of 5.849 billion yuan. ![Image](https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/O295Q2KdcqAQNnxRdxE7_s-22qJsInu-n_KOoCciE7PoYAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) **01** **Post-90s Investment Bank VP** **Becomes Director of Listed Company** From the publicly available resume, Ao Hang's career path is a typical example of a second-generation successor. Ao Hang graduated in 2014 from Beijing University of Posts and Telecommunications with a major in Telecommunications Engineering and Management, and then went to the UK for further study. In August 2015 and July 2016, he obtained a master's degree in Telecommunications and Business from University College London and a master's degree in International Securities, Investment and Banking from the University of Reading, respectively. After completing his studies, he did not immediately enter the family business but chose to enter the financial industry, becoming an elite in investment banking. From July 2017 to November 2019, Ao Hang worked at the leading brokerage firm Guotai Junan Securities as a business assistant in the investment banking department. In August 2020, he switched to Minsheng Securities, serving as the Vice President of Quality Control in the Investment Banking Division, and worked in that position until July 2025. From business assistant to vice president of the investment banking line, Ao Hang took only three years. Such a promotion speed is not considered slow in any brokerage firm. In July 2025, Ao Hang left Minsheng Securities and returned to the family business SDL as a project manager. Today, six months later, he appears on the list of directors of the listed company, attracting widespread attention. As of January 9, 2026, Ao Hang does not directly hold shares in SDL, but his father Ao Xiaoqiang holds approximately 368 million shares, accounting for 57.83% of the company's total share capital, serving as the chairman, controlling shareholder, and actual controller of the company. SDL was founded in September 2001 by former senior engineer Ao Xiaoqiang from Beijing Analytical Instrument Factory and was listed on the Shenzhen Stock Exchange's SME board in March 2012 It is worth mentioning that the sponsor (lead underwriter) hired by the company at the time of its listing was Minsheng Securities. SDL has deepened its focus in the environmental monitoring field, with business covering environmental monitoring, carbon monitoring and measurement, industrial process analysis, scientific instruments, and comprehensive environmental services, making it a well-established leader in this niche market. Since its listing, the company's operational performance has been generally stable, with revenue consistently maintaining around 1 billion yuan and net profit fluctuating around 200 million yuan. In 2022, the company achieved a net profit attributable to the parent company of 284 million yuan, a year-on-year increase of 28.50%, setting a new high since its listing. In 2023, the company's revenue reached 1.51 billion yuan, also breaking records, but net profit fell back to 203 million yuan, a year-on-year decrease of 28.51%. In the first three quarters of 2025, the company achieved revenue of 888 million yuan, a year-on-year increase of 6.34%; net profit attributable to the parent company was 115 million yuan, a year-on-year increase of 52.10%. **02** **Many financial professionals are returning home to inherit family businesses** In a broader context, Ao Hang's entry into the board of directors of a listed company is not an isolated case. In the past two years, as a number of private enterprise founders gradually step back from the front lines, the A-share market is witnessing a wave of "second-generation succession." In May last year, Tiancheng Control (603085.SH) announced that Chen Yun, the son of the company's actual controller Chen Bangrui and Xu Xiaohé, born in 1994, was appointed as the company's general manager; In July last year, Zhongheng Design (603017.SH) appointed Feng Jiayin, the 31-year-old daughter of the founder, as a non-independent director; In November last year, Lu Youzhong, the founder of You Food (603697.SH), stepped down as general manager, and his nephew Lu You took over; In these cases, when the resumes of the second-generation heirs prominently feature keywords like "investment banking," "fund," and "securities," market attention is often significantly amplified. At the end of July last year, Liyuan Technology (688565.SH) announced that its actual controller Shen Wanzhong was sentenced for illegally disclosing important information and resigned from his positions as chairman and director. Shen Wanzhong's daughter, Shen Jiawen, was subsequently nominated as a candidate for non-independent director and was elected chairman of Liyuan Technology in mid-August last year. Public information shows that Shen Jiawen was born in 1990 and worked for nearly 8 years at the wholly-owned subsidiary of Huatai-PineBridge Fund, Huatai-PineBridge Investment, before joining Liyuan Technology, where she held positions as compliance and risk control head and manager. Similar situations have also occurred at Hongtong Gas (605169.SH) and Lude Technology (688156.SH). In May last year, Liu Xin, the daughter of the actual controllers Liu Hongbing and Tan Suqing of Hongtong Gas, was elected as a non-independent director of the company. Born in 1994, Liu Xin completed her undergraduate and master's studies in the UK and joined Western Securities in December 2019 as a project manager in the investment banking headquarters. In June 2024, she left Western Securities to become the deputy general manager of the strategic investment department at Hongtong Gas. Also in May last year, Ji Weikuan, the son of the actual controller Ji Guangming of Lude Technology, was elected as a non-independent director of the company Ji Weikuan was born in May 1997 and graduated with a master's degree in investment management from the Hong Kong University of Science and Technology. After graduating with a master's degree, Ji Weikuan worked successively at Guotou Securities and Qifu Capital. At the end of 2023, he joined a subsidiary of Lude Technology and was recently promoted to Deputy General Manager of Lude Technology. **03** **Conclusion** A financial background is becoming an important stepping stone for many second-generation entrepreneurs to enter the boardroom or executive level. Of course, those who truly choose to return home to take over are still just a minority. More finance professionals continue to navigate through high-intensity KPIs and uncertain cycles, and in recent years, many have quietly shifted to a more certain path—taking civil service exams. Whenever the civil servant recruitment list is announced, names of financial institutions such as securities firms, public funds, and private equity can always be seen. In contrast, being able to make a dignified appearance in the announcement and return to the industrial landscape built by their parents is indeed a stroke of luck for a select few. \\\* The cover image is generated by Doubao AI ### Related Stocks - [SDL (002658.CN)](https://longbridge.com/en/quote/002658.CN.md) ## Related News & Research - [CATL's controlling shareholder to donate some A-shares](https://longbridge.com/en/news/281197776.md) - [Hubei Dinglong plans to seek Hong Kong listing](https://longbridge.com/en/news/281176793.md) - [China Longyuan Power's Profit, Revenue Decline in 2025](https://longbridge.com/en/news/281300557.md) - [Blanche: I never heard Trump say Bondi exit ‘had anything to do with the Epstein files’](https://longbridge.com/en/news/281637342.md) - [Trump Considers Replacing AG Pam Bondi Over Epstein Case Handling: Report](https://longbridge.com/en/news/281492021.md)