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Zhao Jianxing, general manager of the 100 billion yuan public fund Xingyin Fund, has resigned.

On July 23, Xingyin Fund announced that Zhao Jianxing will resign from his positions as general manager and chief information officer of the company due to job transfer from July 22, 2024, and there is no statement of transfer to other positions in the company. At the same time, Xingyin Fund will appoint Wu Ruoman as the acting general manager of the company on July 22, and will perform the duties for no more than 6 months, and Chen Xiaoyi will be the new chief information officer.

According to his public resume, Zhao Jianxing has an IT background and has been working since July 1997. He has served as a software engineer at Tianjin Communications and Broadcasting Corporation and Lite-On Electronics (Tianjin) Co., Ltd. Since September 2002, he has served as general manager of the Information Technology Department and the E-Commerce Department of Great Wall Fund, general manager of the Information Technology Department and 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 the E-Commerce Department of Great Wall Fund.

On August 26, 2021, Zhao Jianxing was appointed as the general manager of Xingyin Fund, and it has been nearly three years since then. Wind data shows that the fund size of Xingyin Fund at the end of the second quarter of 2021 was only 54.92 billion yuan. As of the end of the second quarter of 2024, the size of Xingyin Fund's managed funds reached 128.476 billion yuan, doubling the size of the managed funds, of which the non-cash size was 71.205 billion yuan.

However, in the past year, Xingyin Fund's profits have declined. Wind data shows that as of the end of 2023, Xingyin Fund achieved operating income of 305 million yuan, a year-on-year decrease of 4.15%; and achieved a net profit of 61.028 million yuan, a year-on-year decrease of 34.99%.

According to the personal past work experience disclosed in the announcement, 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 Shanghai Branch of Southern Securities Company, vice president of Weishen Securities Co., Ltd., assistant to the president of Everbright Securities and general manager of fund business department, deputy general manager of Everbright Bank's asset custody department (in charge of work), general manager of Industrial Bank's futures finance department, deputy general manager and general manager of the asset custody department, and chairman of Industrial Bank Futures Co., Ltd. He is currently the chairman of Xingyin Fund Management Co., Ltd. and performs the duties of general manager on behalf of the company, and concurrently serves as the executive director of Shanghai Xinghan Asset Management Co., Ltd.

According to the official website, Xingyin Fund was formerly known as Huafu Fund Management Co., Ltd., which was established in October 2013 and jointly funded by Huafu Securities and Guomai Technology. Its current registered capital is RMB 143 million, and its legal representative is Wu Ruoman. The company's registered address is in Pingtan County, Fujian Province, and its office is located in Lujiazui, Pudong New Area, Shanghai.

According to public information, Xingyin Fund currently has a wholly-owned subsidiary, Shanghai Xinghan Asset Management Co., Ltd., with a registered capital of RMB 300 million. The subsidiary carries out specific customer asset management business and other businesses permitted by the China Securities Regulatory Commission in accordance with the law, serving the real economy and meeting customers' diversified needs for wealth management. In addition, the company has established branches in Beijing, Shanghai and Fujian.

From the perspective of shareholder structure, the two major shareholders of Xingyin Fund are Huafu Securities Co., Ltd. and Guomai Technology Co., Ltd., and the shareholding ratios of the two shareholders are 76% and 24%, respectively.

According to Wind data statistics, as of July 22, 29 public funds, including China-Canada Fund, Huatai Baoxing Fund, Huibaichuan Fund, Bosera Fund, Jiutai Fund, Morgan Stanley Fund, Puyin Ansheng Fund, have changed their general managers this year, and Xingyin Fund has become the 30th. In addition, since the beginning of the year, 21 public funds, including GF Fund, Penghua Fund, Guotai Fund, Essence Fund, CICC Fund, Huaxi Fund, and BlackRock Fund, have welcomed new chairmen.