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On July 31, several fund companies issued announcements of changes in senior management.

Qiu Yanbing, deputy general manager of CICC Fund, resigned on July 29 due to personal reasons.Southern Finance Express reporter noted that Qiu Yanbing had previously resigned as fund manager of the funds he managed. On June 28, three funds, CICC Xinrui Select One-Year Holding Period, CICC Ruihe, and CICC Hengyou, respectively hired Ding Yang and Ding Tianyu as fund managers, and announced Qiu Yanbing's resignation on July 12.

Liu Xin, executive vice general manager of Huabao Fund, also resigned on July 30 for personal reasons.According to his resume, Liu Xin has rich work experience. He has served as an analyst and manager in the investment banking department of CICC, manager of the investment banking department of Merrill Lynch (Asia Pacific) Limited, vice president/director of the Asian Corporate Finance Department, vice president of the investment banking department of Credit Suisse Hong Kong Limited, chief financial officer of Beijing Chunyu Tianxia Software Co., Ltd., and senior consultant of AIIB Consulting Co., Ltd.

also,BlackRock Fund Deputy General Manager and Chief Investment Officer Lu Wenjie resigned from his position as deputy general manager on July 31 due to work adjustments.It is understood that he has served as head of investment at BlackRock Investment Management (Shanghai) Co., Ltd., investment strategist at UBS Securities Co., Ltd., portfolio allocation manager at Ping An Asset Management Co., Ltd., and investment manager at China International Capital Corporation (Hong Kong) Co., Ltd.

The reporter of Nancai Express noticed that the absolute returns of the funds managed by Lu Wenjie were not ideal. As of July 30, the returns of BlackRock Advanced Manufacturing One-Year Holding Mixed A and C during his tenure were -16.13% and -16.92% respectively, and the returns of BlackRock Hong Kong Stock Connect Vision Mixed A and C during his tenure were -31.15% and -32.01% respectively.

It is understood that BlackRock Fund was established on September 10, 2020. It is a wholly foreign-owned public fund management company, 100% controlled by BlackRock Financial Management. In May 2022, its registered capital was changed from 300 million yuan to 500 million yuan; in November 2022, its registered capital increased to 700 million yuan; in July 2023, its registered capital increased to 1 billion yuan.

According to Tiantian Fund Network, as of the end of June 2024, BlackRock's public fund management scale was 4.037 billion yuan, with a total of 18 funds under management, of which the scale of mixed funds was 3.602 billion yuan and the scale of bond funds was 435 million yuan.