Author | Zhou Zhiyu Zheng Hao

After nearly 6 years of vacancy, the position of chairman of Zhuhai Huafa Group, known as the "big landlord of Zhuhai," finally welcomed a new leader.

On January 15, Zhuhai Huafa Group announced the appointment of Xie Wei as the company's party secretary and chairman, while Li Guangning continues to serve as the managing director and also takes on the role of chairman of Zhuhai Huafa Properties.

As a senior executive of Zhuhai Huafa Group and the leader of the Huafa financial industry cluster, Xie Wei has had nearly 20 years of experience with Huafa.

According to Wall Street News, Xie Wei graduated with a degree in Economic Law from Zhongnan University of Economics and Law. He has played a significant role in the IPO of Zhuhai Huafa Properties and a series of capital market operations of Zhuhai Huafa Group.

Xie Wei joined Zhuhai Huafa Group's Zhuhai Huachuang Investment Management Co., Ltd. (hereinafter referred to as "Zhuhai Huachuang") in 2004, serving as the head of the investment department. The main task of Zhuhai Huachuang was to assist Zhuhai Huafa Group and Zhuhai Huafa Properties in their capital market operations. He also showcased his financial capabilities through a series of actions and became the "youngest" secretary of the board of directors of a listed company in just three years.

Li Guangning and Xie Wei have also partnered for a long time. On July 31, 2012, Zhuhai Financial Investment Holding Group Co., Ltd. (now renamed "Zhuhai Huafa Investment Holding Group Co., Ltd.") was registered in the Hengqin New Area. Li Guangning served as the chairman of the company, while Xie Wei served as a director and deputy general manager.

Under the partnership of Li Guangning and Xie Wei, Zhuhai Huafa Properties Group's business areas cover Banks, Securities, Insurance, Asset Management, Futures, Financial Companies, Financial Leasing, Supply Chain Finance, Inclusive Finance, Commercial Factoring, and Trade platforms. The total Assets, Net Assets, Net income, and other Company Business Data have increased nearly by a hundred times since its establishment.

Xie Wei, as the leader of the Financial Sector of Zhuhai Huafa, has seen his position within the group rise significantly.

Now promoted to Chairman, he will undertake the important responsibility for the future development of Zhuhai Huafa Group.

Currently, Zhuhai Huafa Group is facing some operational pressure. In 2023, Zhuhai Huafa Group reported revenue of 181.6 billion yuan, with a Net income of 6.55 billion yuan, a year-on-year decrease of 13%. The specific Company Business Data for the entire year of 2024 has not yet been disclosed, but Zhuhai Huafa Group has indicated revenue exceeding 170 billion yuan.

Among them, the real estate Sector of Zhuhai Huafa Group is under considerable pressure. In the first three quarters of last year, Zhuhai Huafa Properties reported revenue of approximately 31.559 billion yuan, a year-on-year decline of 33.21%; the net income attributable to the parent was approximately 1.33 billion yuan, a year-on-year decrease of 39.56%.

Can Xie Wei, an experienced 'old Huafa' in the fields of finance and capital operations, lead Zhuhai Huafa to find a new path and return to an upward trajectory? This is worth looking forward to.