传奇大佬管金生辞世，名下公司控制权安排未定

Core Viewpoint - The article commemorates the life and contributions of Guan Jinsheng, a pioneer in the Chinese securities industry, who passed away on October 7, 2025, due to a sudden illness. His legacy includes founding the first securities company in New China and later establishing a private equity fund management company, demonstrating resilience and innovation in the financial sector [1][2]. Group 1: Life and Career of Guan Jinsheng - Guan Jinsheng was born on May 19, 1947, in a poor village in Jiangxi Province and rose to prominence in the financial industry [3]. - He graduated with a master's degree in French literature from Shanghai International Studies University in 1982 and later obtained dual master's degrees in law and business administration from a university in Belgium [4]. - In 1988, he founded the first securities company in Shanghai, Wangguo Securities, with a capital of 35 million RMB, and played a crucial role in establishing the Shanghai Stock Exchange [6][7]. Group 2: Achievements and Challenges - Under Guan's leadership, Wangguo Securities grew to manage assets worth tens of billions and was a significant player in the A-share and B-share markets, holding over 60% of the underwriting business in China by 1994 [7]. - He was known for his ambition to position Wangguo as a leading firm comparable to international giants like Merrill Lynch, emphasizing the recruitment of highly educated professionals [7]. - The "327 bond incident" in 1995 marked a significant downturn in his career, leading to substantial losses for Wangguo Securities and resulting in his imprisonment for 17 years [9][11]. Group 3: Later Ventures - At the age of 69, Guan Jinsheng founded Shanghai Jiusu Mountain River Equity Investment Fund Management Co., Ltd. in 2016, focusing on private equity investments in new technologies and materials [12][13]. - The company was established with a registered capital of 15 million RMB and has a management scale ranging from 0 to 500 million RMB, with 23 private fund products registered [13][15]. - Guan held an 82% stake in the company, indicating his continued influence and commitment to the investment sector [14].