Core Viewpoint - Dongwu Fund has appointed a new chairman, Xue Zhen, following the retirement of Ma Zhenya due to age, marking a leadership transition within the company [3][4]. Group 1: Leadership Transition - Dongwu Fund announced the appointment of Xue Zhen as the new chairman on August 8, after Ma Zhenya transitioned to a senior supervisory role [3][4]. - Ma Zhenya served as chairman for nearly seven years, and the company expressed gratitude for his contributions during his tenure [4]. - Xue Zhen has a background in various leadership roles within the financial sector, including positions at Dongwu Securities and Suzhou Asset Management [5]. Group 2: Company Overview - Dongwu Fund was established on September 2, 2004, with a registered capital of 100 million RMB, and is headquartered in Shanghai [7]. - The company is primarily owned by Dongwu Securities, which holds 70% of the shares, while Hailan Group owns the remaining 30% [7]. Group 3: Fund Performance - As of the end of Q2 this year, Dongwu Fund managed a total of 26.3 billion RMB in non-monetary funds, ranking 95th in the industry [7]. - The management scale of equity investments led by Liu Yuanhai has significantly increased from less than 900 million RMB in Q2 2022 to 6.408 billion RMB by Q2 this year, contributing to a total equity fund management scale of 9.619 billion RMB [7]. - Despite growth in overall fund size, Dongwu Fund faces challenges with performance disparities among its equity funds, with some funds experiencing significant declines in net value over the past five years [9].
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