庄园芳升任董事长，兴证全球基金ETF业务加速推进

Core Viewpoint - The recent management changes at Xingzheng Global Fund Management Co., Ltd. are aimed at ensuring a smooth transition and professional inheritance within the company, maintaining its tradition as a research-driven fund company [1][2]. Management Changes - Zhuang Yuanfang has been appointed as the Chairman effective November 7, 2023, after serving as the General Manager [1][2]. - Chen Jinqian has taken over as General Manager and Financial Responsible Person since November 6, 2023, and has a long history within the company [1][2]. Company Background - Zhuang Yuanfang has been with Xingye Securities since 1992, holding various positions including Vice President and Research Supervisor, and served as Chairman of Xingquan Fund in 2016 [1][2]. - Chen Jinqian has been with Xingzheng Global Fund since August 2010, progressing through various roles including Fund Manager and Assistant General Manager [1][2]. Fund Performance - As of the end of Q3 2025, Xingquan Fund's total net assets are approximately 741.4 billion, ranking 18th in the industry [2]. - The net value of non-monetary assets is about 288.8 billion, placing it 20th, with specific fund sizes in various categories: equity funds at 10.48 billion, mixed funds at 137.6 billion, bond funds at 122.5 billion, and flexible allocation funds at 44.81 billion [2]. Product Development - Xingquan Fund has submitted its first ETF product, "Xingzheng Global CSI 300 Quality ETF," for approval, which was registered by the China Securities Regulatory Commission on October 14, 2023 [3]. - The ETF aims to track the CSI 300 Quality Index, focusing on 50 stocks with high profitability and stability [3]. Strategic Direction - The launch of the ETF is seen as a natural extension of the company's active management system, aimed at diversifying its product line and meeting varied asset allocation needs [4]. - The recent addition of an "ETF Supplementary Information Query" section on the company's website reflects its commitment to transparency and compliance in the index business [4]. - The overall ETF management scale in the market reached approximately 5.47 trillion, with a year-on-year increase of over 46%, indicating a significant industry trend [4]. - The simultaneous management changes and ETF product launch suggest that the company is at a pivotal point of governance upgrade and product expansion [4].