July 6 (NBD) -- Amid the downturn of the securities industry, up to 10 securities companies in China saw top leadership changes in the first six months of this year. 

According to China's business newspaper 21st Century Business Herald, 4 out of the 10 companies, namely Caitong Securities (601108.SH), BOCI International (China) Limited, Eastmoney Securities (300059.SZ), and Jianghai Securities, got new chairmen, and the rest 6 - China Securities, Ping An Securities, Sealand Securities (000750.SZ), Guangzhou Securities, Huarong Securities, and First Capital (002797.SZ) - had new presidents. 

Plus reshuffle of board directors, supervisors, and senior executives, the securities industry witnessed changes of roughly 200 people in the senior management. 

Reasons for the changes vary, including retirement, work adjustment, and business performance pressure. 

According to industry insiders, securities companies were under heavy pressure in business operation in recent two years due to market changes. Some of them were struggling to make a transformation, which sped up the management reshuffle. 

New successors, mostly promoted within the companies or transferred from corporate groups, are still facing tough challenges to get their company above water, keep up with or even beat rivals.

Email: lansuying@nbd.com.cn