Southwest Securities Co Ltd

According to a disclosure on the website of the Central Commission for Discipline Inspection and the National Commission of Supervision on September 30, Wu Jian, former party secretary and chairman of Southwest Securities Co., Ltd., is suspected of serious violations of discipline and law and is currently undergoing disciplinary review and supervisory investigation by the Chongqing Municipal Commission for Discipline Inspection and Supervision. Wu Jian, born in April 1964 and now 62 years old, holds a postgraduate degree, is a member of the Communist Party of China and a researcher. He began working in 1985 and previously served as deputy division chief of the Chongqing Securities Regulatory Office, director of the Listing Division of the Chongqing Securities Regulatory Bureau, party committee member and deputy general manager of Chongqing Yufu Assets Management Group Co., Ltd., as well as director, deputy general manager and general manager of Southwest Securities. On August 31, 2024, Southwest Securities announced that Wu Jian had resigned as chairman of the company's tenth board of directors, chairman of the Strategy and ESG Committee, and director due to reaching retirement age, and would no longer hold any position in the company after his resignation. Founded in 1999, Southwest Securities is the only national comprehensive securities company registered in Chongqing, and also the first listed financial institution in Chongqing and the ninth listed securities company in China.

Peng Shibin, former second-level specialist at Southwest Securities, is under investigation for suspected serious disciplinary and legal violations. He is currently undergoing disciplinary review and supervisory investigation by the Chongqing Municipal Commission for Discipline Inspection and Supervision. Peng previously served as head of the discipline inspection group stationed at the Chongqing Human Resources and Social Security Bureau by the Chongqing Municipal Commission for Discipline Inspection, head of the first inspection team of the Chongqing Municipal Party Committee, and head of the discipline inspection and supervision group stationed at Southwest Securities by the Chongqing Municipal Commission for Discipline Inspection and Supervision. Southwest Securities is the only national comprehensive securities firm registered in Chongqing. In 2025, it achieved operating revenue of 3.207 billion yuan, up 25.35 percent year on year, and net profit of 1.062 billion yuan, up 51.90 percent year on year.