bestcryptoearninggamesandroid| Official announcement! Guangfa Fund replaces its "leader"

The scale of asset management exceeds one trillion yuan.BestcryptoearninggamesandroidThe Guangdong Development Fund announced the adjustment of the chairman of the board.

On the evening of May 13, Guangfa Fund announced that Sun Shuming, the former chairman of the company, left office due to retirement, and the new chairman of the company is GE Changwei, whose appointment date is May 13, 2024.

People related to the Guangfa Fund said that the company will continue to strengthen the core investment and research capacity building, constantly improve the "platform, team system, integration, multi-strategy" investment and research system, and give full play to the inclusive nature of public offering fund industry finance for the people.

GE Changwei took over as Chairman of Guangfa Fund.

On the evening of May 13, the official website of Guangfa Fund announced that Sun Shuming, the former chairman of the company, left office because of his retirement. The new chairman of the company is GE Changwei. The date of office is May 13, 2024. At the same time, the announcement also expressed deep gratitude to Sun Shuming for his contribution to the Guangdong Development Fund during his tenure as chairman.

The curriculum vitae disclosed in the announcement shows GE Changwei, the new chairman of Guangfa Fund, has worked in the Financial and Economic Committee of Anhui Provincial people's Congress, Anhui Provincial Finance Department, Anhui Provincial Government General Office, Anhui Provincial Planning Commission, China Shenhua Group Transportation and Marketing Company, National Development and Reform Commission, General Office of the State Council, Chongqing Municipal Party Committee, Guangdong Provincial CPC Committee, Guangdong Qingyuan Municipal Party Committee, Guangdong Development and Reform Commission, China Southern Power Grid Co., Ltd., Guangfa Securities Co., Ltd.

According to public information, Guangfa Fund, established on August 5, 2003, is one of the national public offering fund management companies approved by the China Securities Regulatory Commission. According to the observation of the industry, in the more than 20 years since the establishment of the Guangfa Fund, the ownership structure of the company has been stable, the operation and management team has been stable, the average age of senior executives is more than 10 years, the core backbone of each business line is stable, and the turnover rate has been kept at a low level in the industry.

A stable ownership structure and talent team will help the company to better implement and implement the medium-and long-term strategy. According to reports, the Guangfa Fund has a full range of products, covering active equity, bonds, currencies, overseas investment, passive investment, quantitative hedging, alternative investment and other categories, which can meet the diversified investment needs of customers at home and abroad.

People related to the Guangdong Development Fund said that in the future, under the leadership of the board of directors, the Guangdong Development Fund will consistently adhere to the original mission of the industry and continue to play its role in value discovery and resource allocation. At the same time, the company will continue to strengthen the core research capacity building, constantly improve the "platform, team system, integration, multi-strategy" investment and research system, give full play to the universal nature of public offering fund industry finance for the people, and strive to enhance the sense of achievement of investors.

Tianxiang Investment data show that by the end of the first quarter of 2024, the total size of public offering funds managed by Guangfa Fund 1Bestcryptoearninggamesandroid32 trillion yuan, an increase of 972 over the end of last yearBestcryptoearninggamesandroid36 billion yuan, ranking in the top three in the industry. Among them, excluding money market funds, the scale reached 690.733 billion yuan, and the size of active equity funds (including QDII) under management was 214.154 billion yuan.

The change of senior executives in the public offering industry tends to be normal.

In recent years, the flow of senior executives in the public offering fund industry has gradually become the norm. Since the beginning of this year alone, the number of executives who have changed has exceeded 100.

According to the China Securities Investment Fund Association, as of the end of March, there were 146 fund management companies in China. According to incomplete statistics, so far this year, nearly 60 public offering institutions have changed the positions of chairman, general manager, deputy general manager and other senior executives, and more than 100 people have been involved in executive changes.

In fact, the turnover of senior executives in public offering institutions has maintained a high frequency for many years in recent years. According to public statistics, the number of senior executives in the public offering fund industry has exceeded 300 in 2019, more than 400 in 2020 and 2021, and more than 300 in 2022 and 2023.

In the view of people in the industry, the changes of senior executives in public placement institutions in recent years mainly include the following factorsBestcryptoearninggamesandroidFirst, as the public offering fund industry moves towards a high-quality development stage, executive changes can introduce new development ideas and strategies for the company and enhance its competitiveness so as to better adapt to market changes; second, the equity changes of public equity institutions have become increasingly frequent in recent years, and the changes of major shareholders or control rights will have a greater impact on the company's business model and development strategy, and the senior management adjustment is to better comply with the company's development direction. Third, some personal reasons such as retirement at the age, expiration of the term of office or seeking better career development.

With the rapid development of the industry, the demand for senior executives in the public offering fund industry is also increasing, and excellent senior managers have become scarce resources. In order to cope with the increasingly fierce market competition, many fund companies are also innovating incentive mechanisms to strengthen the selection and training of talents in order to attract and retain key talents. " A person from a public offering agency said.