EBSCN(SH:601788) Sou Hu Cai Jing·2025-09-29 16:36Group 1 - Donghai Fund announced the resignation of Chairman Yang Ming due to personal reasons, with Yuan Zhong appointed as the new chairman [1] - Yang Ming also resigned from all positions at Donghai Securities and its subsidiaries on the same day [1] - Donghai Fund was established in February 2013 and is the 78th public fund management company approved by the China Securities Regulatory Commission, with a registered capital of 1.648 billion RMB [2] Group 2 - As of the end of Q2 2025, Donghai Fund managed a non-monetary public fund scale of 28.42 billion RMB, ranking 91st in the industry [4] - Donghai Fund reported a revenue of 32.69 million RMB and a net loss of 930,000 RMB in the first half of 2025, while the parent company achieved a profit of 300,400 RMB [4] - The A-share market experienced a valuation recovery in H1 2025, but the benefits were unevenly distributed among institutions, exacerbating the "Matthew effect" in the industry [4] Group 3 - The industry is facing a talent drain, particularly among small and medium-sized public funds, with a historical high of 4,041 fund managers as of H1 2025, marking a 19% increase since the beginning of the year [5] - A record number of 182 fund managers left 99 public asset management institutions, while 275 new fund managers were hired across 107 institutions [5]