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China Fund News reporter Cao Wenjing

Today, includingBlackRock Fund, Huabao Fund, CICC FundThree fund companies including officially announced that their deputy general managers had resigned, and the announcement was all issued on July 31.

At the same time, BlackRock Fund also announced a number of important appointments today.Appoints Lu Wenjie as Greater China Investment Strategist.at the same time, Appointed Liu Xin as Chief Fixed Income Investment Officer and Shen Yufei as Chief Equity Investment Officer, jointly strengthening the investment capabilities of BlackRock Funds.

BlackRock Fund Vice President Lu Wenjie resigns

At the same time, many important appointments were announced

On July 31, BlackRock Fund issued the "Announcement on Changes in Senior Management", which showed that:Lu Wenjie resigned from the positions of Deputy General Manager and Chief Investment Officer due to work adjustments. His resignation date is July 31, 2024.At the same time, BlackRock Fund issued an announcement that due to work adjustments, Lu Wenjie resigned as the fund manager of BlackRock Hong Kong Stock Connect Vision Hybrid and BlackRock Advanced Manufacturing One-Year Holding A.

Today, BlackRock Funds also announced several important appointments to further strengthen the investment team. Current Chief Investment Officer Lu Wenjie will expand his responsibilities to serve as Greater China Investment Strategist. At the same time, Liu Xin was appointed Chief Fixed Income Investment Officer and Shen Yufei was appointed Chief Equity Investment Officer. The two will work with Wang Xiaojing, Head of Multi-Asset and Quantitative Investment, to lead BlackRock Funds' investment-related work, jointly strengthen BlackRock Funds' investment capabilities and enhance customer experience.

Chen Jian, General Manager of BlackRock FundHe said: "We are committed to cultivating and developing internal talents. This appointment not only reflects our commitment to talent cultivation, but also will significantly strengthen our investment team. Lu Wenjie's deep experience and expertise will provide clients in Greater China with deeper industry insights. At the same time, this new appointment demonstrates our emphasis on investment, which will help enhance our investment capabilities and bring better services and experience to our clients."

Lu Wenjie said: "I am deeply honored to take on this important role as Investment Strategist for Greater China. I will continue to be committed to optimizing our investment strategies and helping clients achieve their investment goals in an ever-changing market environment. BlackRock has always been committed to providing excellent investment solutions, and I look forward to creating more value for clients in this role."

According to his resume, before serving as deputy general manager, chief investment officer and fund manager of the equity investment department of BlackRock Fund, Lu Wenjie served as investment director of BlackRock Investment Management (Shanghai) Co., Ltd., investment strategist of UBS Securities Co., Ltd., portfolio allocation manager of Ping An Asset Management Co., Ltd., and investment manager of China International Capital Corporation (Hong Kong) Co., Ltd. He also worked for Deutsche Bank Hong Kong Branch and Boston Consulting Group (Shanghai) Co., Ltd.

Liu Xin is currently the fixed income investment director of BlackRock Fund, has nearly 20 years of rich investment experience and has served as head and fund manager of BlackRock Singapore's fixed income department. Regarding this appointment, Liu Xin said: "Fixed income investment is particularly important in the current market environment. I look forward to working with team members to enhance our fixed income investment capabilities and provide customers with stable and high-quality returns. We will focus on risk management and return optimization to meet the different needs of our customers."

Shen Yufei has 15 years of investment research experience, focusing on A-share investment management. He has served in the fund industry as a macro strategy researcher, industry researcher, fund manager and head of research department. Shen Yufei said: "I am very happy to lead the equity investment team of BlackRock Fund. Equity investment is one of the core components of the company's overall investment strategy. I will work closely with the team to use our expertise and market insights to create long-term value for our clients. We will continue to deepen research, optimize the investment portfolio, and strive to achieve good results in the market."

Public information shows that BlackRock Fund was established on September 10, 2020. It is the first public fund management company in China that is wholly owned by foreign capital and is 100% controlled by BlackRock Financial Management, Inc.

Wind data shows that as of the end of the second quarter of this year, BlackRock Fund has issued and established a total of 8 funds, including BlackRock China New Vision and BlackRock Hong Kong Stock Connect Vision, with a non-cash scale of 4.037 billion yuan under management, of which the scale of mixed funds is 3.602 billion yuan, accounting for 89.22%; the scale of bond funds is 435 million yuan, accounting for 10.78%.

Recently, BlackRock Fund increased its registered capital from RMB 1 billion to RMB 1.25 billion, which is the fourth capital increase since its establishment.

Liu Xin, Vice President of Huabao Fund, resigns

July 31,Huabao FundThe "Announcement on Changes in Senior Management Personnel in the Fund Industry" was issued. The announcement shows that Liu Xin resigned from the position of Executive Vice President for personal reasons, leaving office on July 30, 2024. Huabao Fund said that the company would like to express its sincere gratitude to Mr. Liu Xin for his contribution to the company's development during his tenure.

According to his resume, Liu Xin has served as an analyst and manager in the investment banking department of China International Capital Corporation Limited, manager of the investment banking department and vice president/director of the Asian Corporate Finance Department of Merrill Lynch (Asia Pacific) Limited, 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.

The company's official website shows that Huabao Fund was approved to open on February 12, 2003, and is one of the first Sino-foreign joint venture fund management companies in China. Currently, Huabao Fund's shareholders are Huabao Trust Co., Ltd. (51%), Warburg Pincus (29%) and Jiangsu Railway Group Co., Ltd. (20%).

Wind data shows that as of the end of the second quarter of this year, Huabao Fund managed a total of 141 public fund products, with a total public fund asset management scale of 316.079 billion yuan, firmly ranking among the ranks of medium and large fund companies.

Qiu Yanbing, Vice President of CICC Fund Management, resigns

Today, CICC Fund released the "Announcement on Changes in Senior Management" showing that:Qiu Yanbing resigned from the position of deputy general manager for personal reasons, leaving office on July 29. CICC Fund expressed its sincere gratitude to Qiu Yanbing for his contributions to the company during his tenure.

According to his resume, Qiu Yanbing is a PhD in economics. Prior to serving as deputy general manager and fund manager of CICC Fund, Qiu Yanbing served as a researcher at the Strategic Research Department of the Central Foreign Exchange Business Center of the State Administration of Foreign Exchange, an investment manager of Investment Department 1, deputy director and director of Investment Department 2 (during which time he was assigned to China Huaan Investment Co., Ltd. as deputy general manager and director of the investment department); a member of the Investment Decision-making Committee and deputy director of the research department (in charge of work) of Silk Road Fund Co., Ltd.; assistant to the general manager (also general manager of the asset management department) and secretary of the board of directors of Hotai Life Insurance Co., Ltd.

Qiu Yanbing resigned as fund manager of three products, including CICC Ruihe, CICC Hengyou and CICC Xinrui Preferred One-Year Holding, on July 12 this year.

According to the official website, CICC Fund was established in 2014 and is wholly owned by CICC. In recent years, the size of CICC Fund has been rising steadily. Wind data shows that as of the end of the second quarter of this year, CICC Fund had 51 funds under management, with a total size of 163.855 billion yuan for public funds, of which non-monetary funds accounted for 72.02 billion yuan.

Editor: Captain

Review: Xu Wen

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