China Life(SH:601628) Mei Ri Jing Ji Xin Wen·2025-08-18 13:46Core Viewpoint - A fund manager named Li Dan was penalized for engaging in trading activities related to undisclosed information during her tenure, resulting in a fine of 600,000 yuan despite significant losses from her trades [1][2]. Group 1: Regulatory Actions - The Tianjin Securities Regulatory Bureau issued an administrative penalty against Li Dan for controlling another securities account to conduct trades based on undisclosed information related to the fund [1][2]. - Li Dan's actions included making trading decisions and instructing others to execute trades, leading to a significant overlap with the fund's trading activities [2]. - The regulatory body found that 41 stocks were involved in the trades, accounting for 74.55% of the total stocks traded, with a total investment of 33.12 million yuan, representing 72.77% of the total trading amount, which ultimately resulted in losses [1][2]. Group 2: Fund Performance - During her management of the Guoshou Anbao Core Industry fund from February 3, 2016, to February 8, 2024, the fund reported a return of -7.77%, ranking in the bottom 10% among similar products [5]. - The fund's net value declined nearly 30% during the period of the overlapping trades from March 22, 2022, to February 8, 2024, contributing to the losses incurred [5]. Group 3: Company Background - Guoshou Anbao Fund was established with a registered capital of 1.288 billion yuan and is co-owned by China Life Asset Management Company (85.03%) and AMP Limited's subsidiary (14.97%) [5]. - As of the second quarter of 2025, Guoshou Anbao Fund managed a public fund scale of 338.168 billion yuan, ranking 31st among 162 public fund management institutions in the market [5]. Group 4: Company Response - Guoshou Anbao Fund stated that the administrative penalty related to the former employee's actions was a personal matter and emphasized its commitment to compliance and high-quality development to protect the interests of its investors [6].