Group 1 - The core viewpoint of the news is the significant management changes at Xingzheng Global, with Zhuang Yuanfang becoming the chairman and Chen Jinqian being promoted to general manager, indicating a potential shift in the company's strategy [1][3] - The company has faced declining performance in its equity business, dropping from 3058.80 billion yuan in non-monetary scale in 2021 to 2888.32 billion yuan by the end of Q3 2025, falling from 16th to 20th place in the industry [3][10] - Xingzheng Global's late entry into the ETF market is concerning, as it only launched its first ETF product in December 2025, missing out on significant growth opportunities in a rapidly expanding market [3][11] Group 2 - The company, originally known as Xingye Fund, was established in 2003 and later restructured into a joint venture in 2008, gaining recognition for its strong performance in the equity market [4][5] - The departure of key fund managers, particularly the "Xingquan Five," has led to a significant decline in performance, with the average return dropping to 109.69% from a previous high of 369.78% [6][10] - The new general manager, Chen Jinqian, has a strong background in fixed income but faces challenges in revitalizing the equity and ETF segments, which are currently underperforming [13][15]
兴证全球“换帅”，7400亿基金大厂，能否再复当年勇？
Sou Hu Cai Jing·2025-12-29 00:35