女将出马！贝莱德基金，迎新任总经理

Core Viewpoint - BlackRock Fund has appointed Yu Peihua as the new General Manager, succeeding Chen Jian, who will transition to a senior advisory role due to personal reasons [1][2]. Group 1: Management Changes - Yu Peihua brings over 30 years of experience in asset management and financial services, having previously served as the General Manager of Puyin Ansheng Fund since 2012 [1][2]. - The management change includes a swap with Puyin Ansheng Fund, where former BlackRock Fund General Manager Zhang Chi will take over as General Manager in July 2024 [1][4]. - Chen Jian joined BlackRock in April 2020 and has held various roles, including Compliance Head and General Manager, before his recent transition [2][4]. Group 2: Company Background - BlackRock is one of the largest asset management firms globally, managing approximately $11.6 trillion in assets as of the end of 2024, with a diverse range of services including equities, fixed income, cash management, and alternative investments [5]. - Since obtaining its public fund business license in 2021, BlackRock has launched 14 products, managing a total asset size of approximately 12.336 billion yuan [6]. - The largest fund under BlackRock is the BlackRock Interbank Certificate Index 7-Day Holding, with a size of 5 billion yuan, followed by the BlackRock China New Horizons at around 2.3 billion yuan [6]. Group 3: Market Context - The entry of foreign-owned public funds like BlackRock is seen as a new trend in China's public fund industry, although the process of localization may face challenges [6]. - The competitive landscape in China's capital market is expected to evolve, emphasizing the need for product competitiveness and sufficient space for foreign public funds to thrive [6].