Industrial Securities(SH:601377) Sou Hu Cai Jing·2025-06-29 07:06Core Viewpoint - The China Securities Regulatory Commission (CSRC) has approved Xingzheng Global Fund to establish a subsidiary, Xingzheng Global Asset Management (Singapore) Co., Ltd., with a registered capital of 10 million Singapore dollars, to be completed within 12 months [1][4]. Group 1: Company Establishment - Xingzheng Global Fund is required to complete the registration of its Singapore subsidiary within 12 months from the approval date [1]. - The proposed chairman of the Singapore subsidiary is Mr. Xie Zhiyu, who will focus on strategic planning while daily operations will be managed by the general manager and other operational staff [4]. Group 2: Management and Performance - As of the end of Q1 2023, Xingzheng Global Fund's public asset management scale was 651.945 billion yuan, ranking 16th in the industry, with non-monetary asset scale at 262.443 billion yuan, ranking 20th [5]. - Mr. Xie Zhiyu has been with Xingzheng Global Fund since July 2007, holding various positions and becoming the deputy general manager in January 2022 [5]. - Mr. Xie manages a total scale of 39.712 billion yuan across three public funds, with notable performance in the fund "Xingquan Helun," achieving a total return of 520.14% since taking over in January 2013 [7].