On December 30, the registration information of Hua Xiaowei, director of the Shanghai Securities Research Institute, could no longer be found on the China Securities Association website. In December 2022, Hua Xiaowei became the director of the Shanghai Securities Research Institute. Prior to joining Shanghai Securities, Hua Xiaowei worked for various brokerage firms such as Debon Securities, Galaxy Securities, and CITIC Construction Investment.

On December 30, the registration information of Hua Xiaowei, director of the Shanghai Securities Research Institute, could no longer be found on the China Securities Association website. In December 2022, Hua Xiaowei became the director of the Shanghai Securities Research Institute. Prior to joining Shanghai Securities, Hua Xiaowei worked for various brokerage firms such as Debon Securities, Galaxy Securities, and CITIC Construction Investment.