兴银基金董事长空缺5月终定！华福证券董事长黄德良担任，1101亿规模公司迎治理新局

Core Viewpoint - The appointment of Huang Deliang as the new chairman of Xingyin Fund marks the end of a five-month leadership vacancy following the resignation of the previous chairman, Wu Ruoman, in March 2025 [1][3]. Company Overview - Xingyin Fund Management Co., Ltd. is now led by Huang Deliang, who has a background in various financial institutions, including serving as the chairman and president of Huafu Securities [3]. - The fund is primarily controlled by Huafu Securities, which holds a 76% stake, indicating a tightening of governance over the subsidiary amid intense competition in the asset management sector [4]. Management Changes - The delay of five months in appointing a new chairman is unusual in the industry, where such vacancies are typically filled within 30 days, suggesting challenges in candidate coordination and appointment arrangements [3][5]. - The new chairman's arrival is seen as a strategic move by Huafu Securities to strengthen its control over the fund company and potentially reshape its management and business lines [5][6]. Industry Context - As of the second quarter of 2024, Xingyin Fund's management scale reached 110.1 billion yuan, positioning it within the second tier of competitiveness among smaller fund companies [5]. - The appointment reflects broader governance anxieties and resource redistribution within the asset management industry following the implementation of new regulations [6].