“华能系”叶才履新景顺长城董事长 今年以来公募基金高管变动超240人次

Core Insights - The recent appointment of Ye Cai as the new chairman of Invesco Great Wall Fund has drawn attention within the industry, marking a significant leadership change [1][2] - The fund has experienced a notable increase in its public fund management scale, reaching 646 billion yuan by the end of Q2 2025, ranking 20th among 162 licensed public fund institutions in the market [1][3] Company Overview - Invesco Great Wall Fund was established on June 12, 2003, as the first Sino-American joint venture fund company in China, with a registered capital of 130 million yuan and headquartered in Shenzhen [1] - The company has undergone seven chairmanship changes since its inception, all of which have been from the Huaneng Group, indicating a strong influence from its major shareholders [2] Management Changes - The frequency of management changes in the public fund industry has been high in 2025, with a total of 243 executive changes across 107 companies, including 55 chairmen and 50 general managers [4][5] - The recent trend of high turnover in leadership positions is attributed to industry competition, shareholder strategic adjustments, and individual career planning [1][4] Financial Performance - In 2024, Invesco Great Wall Fund reported an operating income of approximately 3.373 billion yuan, a year-on-year decrease of 11.93%, and a net profit of about 951 million yuan, down approximately 19% [2] Business Strategy - The fund has been actively expanding its fixed income and index business segments, with a notable focus on its ETF offerings, which have reached a scale of 61.708 billion yuan [3]