On October 2, CITIC SEC fell 3.36% in regular trading, trading at HK$23.54/share, with turnover of HK$44.03 million. The decline reflects the market digesting uncertainty following the company's first change in top leadership in over a decade.

On September 28, CITIC SEC announced that Chairman Zhang Youjun resigned from his roles as executive director, chairman, legal representative, and chairman of the Development Strategy & ESG Committee due to reaching retirement age. On the same day, President Zou Yingguang also resigned as president due to a work reassignment. The board unanimously elected Zou Yingguang as the new chairman and legal representative, while also serving as acting president until a successor is formally appointed. As disclosed, Zhang held 430 A-shares while Zou holds no company shares. Zou had been appointed party secretary on September 23, signaling a structured leadership transition.

The broader Investment Banking & Brokerage sector was under significant pressure, with GTHT down 7.31%, CGS down 2.37%, CICC down 2.35%, CAM CSI300 down 1.81%, and HTSC down 1.80%, adding sector-wide headwinds to the stock.

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