Wang Mingquan, the current chairman of the Everbright Group, is expected to retire.

中国光大集团现任董事长王明权预计将会退休。

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Citic Securities, China's biggest brokerage, added 3.5 per cent to Rmb28.36, while Everbright Securities increased 2.6 per cent to Rmb26.99.

中国最大的券商——中信证券(Citic Securities)涨3.5%，至28.36人民币；光大证券(Everbright Securities)涨2.6%，至26.99人民币。

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Before joining CICC, he worked at Everbright Securities as an insurance analyst.

唐圣波在加入中金前曾就职于光大证券研究所，担任保险行业分析师。

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From 2003 to 2006, Horrocks served as Chief Investment Officer for Everbright Pramerica in China, establishing its quantitative investment process.

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One recent GEM offering, telecom solutions provider Neolink Cyber Technology, was undersubscribed, forcing co-sponsor China Everbright Securities to take up 55 million unsold shares.

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"When I first looked at the company, I didn't like it, " admits analyst Jack Tsui of China Everbright Capital, the lead underwriter of the company.

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