The rules of the analyst game under the Halo: Mutual Poach

Zhu Yimin The 2010 new Wealth Best analyst Selection Curtain has slowly set in, but the applause of the award ceremony site award-winning organization, cheers, but still in China's capital market echoed, stimulating every local research institutions nervous sensitive nerves.　　Because every organization participating in the selection knows, this applause, cheers is only the next round of research and development strength, market influence show the competition overture. The selection of the best new wealth analyst has been going on for eight consecutive years, and although many in the industry are grumbling about the selection of the best analyst for the new Wealth, the award-winning analyst has doubled in the night after the researchers ' reward and the new wealth poll--the legendary annual salary leap from hundreds of thousands of to millions of.　　has made it impossible for everyone to turn a blind eye to the selection.　　The looming Chinese axe as early as 4 years ago in 2006, in China's economic rise and a-share market memorable bull, the domestic brokerage researchers for the first time to issue a voice for China's domestic market.　　Over the years, Chinese analysts and research institutions like the Wall Street axe began to surface and have formed a relatively stable monopoly.　　In the new wealth 2010 Best analyst Selection, Wanguo Securities Zhao Jinhou for seven consecutive years won the first prize of the Agriculture and forestry industry analyst, Zhao Yi won the new Wealth analyst First Platinum Award. New wealth the best analyst in petrochemical industry in the first three since 2007 has been for Citic Securities, investment securities, Wanguo Securities, three of the researchers exclusive, and even the order of the rankings have not changed, for four consecutive years the results show that every time the industry's best analyst first is Citic Securities Ying Xiaodong,　　The second is the Jiu Xiaofeng of China Merchants Securities, and the third is the research group headed by Wanguo Zheng. Industry analysis the dominant position of discourse power is Citic Securities, in 31 industry awards, CITIC Securities Shan 10 industry analysts the best first prize, including the automotive and parts industry, social service industry, construction industry, electricity and gas utilities,　　Home appliances industry and other five industry awards for three consecutive years ranked first. The head of a Shanghai brokerage Institute told reporters, "those who are ranked stable in the industry are not too big investment opportunities this year, and those who have more investment opportunities and market volatility in the industry, the ranking of analysts has changed dramatically, such as the electronics industry."　　However, in the 2010, the most investment potential of the pharmaceutical industry, the right to speak, but firmly in the hands of Wanguo Rough, Lou Rui, Fei and other research groups, Wanguo's biomedical research team from 2008 for three consecutive years by the new wealth selection for the industry first. Although the best analyst ranking in the electricity industry has changed a lot, CICC researcher Chaokung the industry's best analyst first, but the top three members of the industry have not changed radically, except for a slight change in the ranking of each brokerage researcher. Guotai and Merchants Securities analysis of this industry still has a considerable amount of discourseRight。　　Most can reflect the overall strength of local securities companies ranked as the best local research team, since 2006, Citic Securities ranked first in the best local team, Wanguo for five consecutive years ranked the best local research team ranked second.　　The new wealth for many years the most influential research institutions ranked, Wanguo's research and development strength can not be belittled, in 2004-2010 seven years, Wanguo only in 2008 years ranked second in the most influential, the rest of the year are ranked first. The most dramatic change is the volatility of the ranking of best analysts in the macroeconomic sector of the securities industry, whose chief economist, Dr. Gao Shanwen, was the top analyst in the macroeconomic industry for four consecutive years in 2004-2007, while the 2008 and 2009 industry rankings plummeted to fourth place, but by 2010,　　Gao Shanwen again won the first prize of the best analyst in the new wealth macroeconomic industry. In recent years, the securities brokerage's macroeconomic analysis ability increasingly receives the fund and so on institutional investor's attention, in the best industry analyst rank, the macroeconomic industry best analyst ranking Highest gold content, has known the best industry analyst Crown Pearl's reputation, benefited from Dr. Gao Shanwen macroscopic analysis profession status rise,　　The top ranked list of the most influential research institutions has risen from the eighth in 2008 to the industry's fourth place.　　The competition behind the rankings in the hands of a large number of institutions to participate in the new wealth of the best analyst vote, voting results and fund agencies Trading Commission distribution of huge benefits, the local brokerages naturally around the new wealth best analyst ranking of the fierce competition. As early as 2004, the National Letter of Securities in the industry first to market pricing analysts, referring to the "new wealth Best Analyst" list, with an annual salary of 300,000-500,000 yuan open recruitment of the chief analyst, at the end of that year, state securities will be the first industry in the original Guotai Securities Institute of Sholijuan,　　More than 10 of the best analysts, such as Dong, have been in the arms, however, the practice of investing heavily in the country's securities has not given it a lasting aura of honor, as the outstanding researchers who dug in with heavy sums are quickly being dug in the same way by competitors.　　If it is said that the outcome of the large mining of national credit securities is "sowing the dragon species, harvest Fleas," the tragedy, then Citic Securities is the biggest winner of Shan talent. After the successful listing of Citic Securities in 2005, began to fully strengthen its research-including business competitiveness, in 2006, it will be listed in 2005, "The New wealth Best analyst" 4 Industry first and 1 industry second into its own, a high starting point to build research lineup, and finally, in 2006　　In the selection of "New wealth Best analyst", Citic Securities Research Department, which is still outside the institutional horizon, was the first in 12 research areas.　　Citic Securities has thus laid the best local research team hegemony, from 2006 to date, the best local research team for five consecutive years. In the talent war, EverbrightSecurities first suffered a brain drain. With the departure of a group of outstanding researchers such as Gao Shanwen, Everbright Securities from the 2006 "Local Best research team" 8th fell to 2007 13th, although Everbright Securities in 2008 introduced the original CITIC Investment securities chief macro-analyst Pan Xiangdong, the formation of a macro-research team,　　But it has not yet been able to kill into the top 10 of the most influential research institutions, and its fifth most influential research institution in the 2005 has become a distant and glorious historical memory.　　Now, with senior analysts such as the chief economist, Ha, leaving the company, CICC has suffered a loss of blood.　　CICC disappeared from the top five rankings of the country's best research team in 2010, slipping from fourth to seventh in 2009, and CICC absent in the best analyst rankings in two key industries, the macroeconomic sector and strategic research industry analysts.　　With CICC Freemasonry is the National Gold Securities, the National Gold Securities Institute director Guillou in 2010 won the new Wealth Fifth annual outstanding Research Leader Award, but its Shi Yunhua and other 4 new wealth gold analysts in the year to transfer to Qilu securities.　　Similarly, CICC research director Chu Jin also received the Outstanding Research Leadership Award at the awards ceremony, except that Chu Jin's Outstanding Research Leadership Award was the result of the previous selection. The halo of outstanding research leaders has been eclipsed by the loss of talent as the heads of two of research institutes have won outstanding leadership prizes.