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China Fund News reporter Cao Wenjing

Today, Xingyin Fund issued an announcement stating that the former general manager and chief information officer Zhao Jianxing has resigned and will be replaced by chairman Wu Ruoman as acting general manager. At the same time, Chen Xiaoyi has been appointed as the new chief information officer.

In recent years, the scale of Xingyin Fund has steadily increased. The current size of funds under management exceeds 120 billion yuan, and fixed income business has become the company's highlight.

General Manager of Xingyin Fund resigns

On July 23, Xingyin Fund issued the "Announcement of Senior Management Changes". The announcement showed that Zhao Jianxing resigned from the positions of general manager and chief information officer of the company due to work transfer. The resignation date was July 22, 2024, and there was no indication of transfer to other positions in the company.

The announcement also showed that Wu Ruoman was appointed as the acting general manager of the company, and Chen Xiaoyi was appointed as the new chief information officer, and the appointment date for both was July 22.

According to her resume, Wu Ruoman has served as a clerk in the Archives Bureau of Guizhou Province, assistant manager of Shenzhen Special Zone Securities Company, deputy general manager of Southern Securities Shanghai Branch, vice president of Weishen Securities, assistant to the president of Everbright Securities and general manager of the fund business department, deputy general manager of Everbright Bank's asset custody department (in charge of work), general manager of the futures finance department, deputy general manager and general manager of the asset custody department of Industrial Bank, and chairman of Industrial Bank Futures. She is currently the chairman of Xingyin Fund and performs the duties of general manager on behalf of him, and concurrently serves as the executive director of Shanghai Xinghan Asset Management Co., Ltd.

At the end of May last year, Zhang Guiyun, the former chairman of Xingyin Fund, resigned due to work transfer, and Wu Ruoman, the former chairman of Industrial Bank Futures, officially "took over" the position of chairman.

After taking office, Wu Ruoman has repeatedly stated that Xingyin Fund will accelerate the pace of high-quality development, continue to operate in compliance, and continuously enrich and optimize product layout and management. Xingyin Fund is committed to becoming a company with excellent investment performance, good investment experience, comprehensive and professional customer service, and a high sense of social responsibility.

Judging from his resume, Zhao Jianxing, who is leaving this time, is a veteran in the e-commerce field. Since September 2002, he has served as general manager of the information technology department and general manager of the e-commerce department of Great Wall Fund, general manager of the information technology department and general manager of the e-commerce department of Baoying Fund, assistant general manager, deputy general manager, chief information officer and general manager of the information technology department and general manager of the e-commerce department of Great Wall Fund, and then served as general manager of Xingyin Fund.

The scale of funds under management exceeds 120 billion yuan

Fixed income products have been at the forefront in terms of long-term performance

Information on the official website shows that Xingyin Fund was formerly Huafu Fund Management Co., Ltd., which was established in October 2013 and was jointly funded by Huafu Securities and Guomai Technology. Its current registered capital is 143 million yuan.

In recent years, the scale of Xingyin Fund has been rising steadily. Wind data shows that as of the end of the second quarter of this year, the net asset value of Xingyin Fund's funds totaled 128.476 billion yuan, a slight increase of 4.14% from the end of the first quarter of this year; of which the non-monetary management scale reached 71.205 billion yuan, a slight increase of 2.76% from the end of the first quarter of this year. In terms of specific product scale, bond fund products have the largest scale, reaching 68.675 billion yuan, accounting for more than half. The scale of money market fund products is 57.271 billion yuan, accounting for more than 40%. In addition, there are active equity (stock + hybrid) and index products with a scale of 2.530 billion yuan and 2.555 billion yuan respectively.

In terms of investment performance, as of June 30, 2024, Galaxy Securities' "Long-term Evaluation List of Active Stock and Bond Investment Management Capabilities" shows that Xingyin Fund's fixed income investment performance has ranked among the top in the industry in the past three, five, and seven years.

As the first public offering fund to obtain general dealer qualification, CRMW (Credit Risk Mitigation Certificate) business is a highlight of Xingyin Fund. It is understood that in terms of the application of CRMW, Xingyin Fund innovatively issued Xingyin Xinrixiang, the first public offering fund in the market that can invest in CRMW in 2019, realizing the implementation of CRMW investment in public offering funds.

More than 180 public fund executives changed this year

Since 2024, the number of changes in senior management of public funds has remained high, and changes in senior management are still relatively frequent.

Wind data shows that as of July 22, 84 fund companies have experienced executive changes this year, involving 184 executives. Among them, the number of deputy general managers who changed this year was the largest, at 69, while the number of chairmen and general managers who changed was 39 and 49 respectively.

Nearly 20 fund companies, including Essence Fund, Huaxi Fund, Guotai Fund, China Resources Yuanta Fund, CICC Fund, and China Life Security Fund, have welcomed new chairmen this year. In addition, the general managers of fund companies have changed frequently this year. In May alone, four fund companies, including Huatai Baoxing, Bosera Fund, Jiutai Fund, and Morgan Stanley Fund, welcomed new general managers. In June, many public funds, including China Canada Fund, Huibaichuan Fund, and Huachen Future Fund, welcomed new general managers or chairmen. Since July, Guolian Fund, Puyin Ansheng Fund, and Galaxy Fund have also seen changes in general managers or chairmen.

Editor: Captain

Review: Chen Mo

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