太平基金高层“地震”：总经理、副总经理双双卸任，人事动荡暴露保险系公募困局？

Core Viewpoint - The recent management changes at Taiping Fund highlight ongoing instability within the company's leadership, raising questions about underlying issues affecting its performance and strategic direction [2][3]. Management Changes - Taiping Fund announced the resignation of General Manager Cao Qi and Deputy General Manager Deng Xianhu, effective October 15, 2025, with Chairman Liu Dong taking over as acting General Manager [3][4]. - The company has experienced frequent changes in its general manager position over the past several years, with a history of leadership turnover since August 2014 [4]. Company Performance - As of June 30, 2025, Taiping Fund's total management scale was 59.41 billion, ranking 99th among 192 companies in the industry, indicating a struggle to leverage shareholder resources into competitive market strength [6]. - The fund's product mix is heavily weighted towards bond funds, which account for nearly 80% of its total scale, with only 2.68 billion in equity funds [6][7]. - Despite the challenges, the company's net assets have shown stable growth, increasing from 0.76 billion at the end of 2014 to approximately 57 billion by the end of 2021, indicating a gradual but steady development trajectory [8].