Core Viewpoint - The appointment of Cui Chun as the new general manager of Huatai-PB Fund marks a significant leadership change after a five-month vacancy, raising expectations on how the management will enhance the company's competitive edge while expanding its diversified business layout [2][3][4] Group 1: Leadership Change - Cui Chun has over 20 years of experience in the financial industry, with a career path that includes roles in securities, funds, and banking, focusing on fixed income research and strategic management [3][4] - The previous general manager, Han Yong, left due to "work adjustment," and during the interim, Chairman Jia Bo acted as the general manager [4] Group 2: Company Background - Huatai-PB Fund, established in November 2004, is a Sino-foreign joint venture with a registered capital of 200 million RMB, primarily owned by Huatai Securities and BOC International [7] - As of the second quarter of this year, the fund's public offering management scale reached 707.62 billion RMB, ranking 16th in the industry, with nearly 80% of its non-monetary fund scale in equity funds [7] Group 3: Business Performance - By the end of the first half of 2025, Huatai Securities Asset Management's assets under management reached 627 billion RMB, with public fund business exceeding 160 billion RMB [4][6] - The fund's revenue for the first half of 2025 was 1.952 billion RMB, with a net profit of 204 million RMB, making it one of the few asset management firms with revenue over 1 billion RMB and net profit exceeding 500 million RMB [6][9] Group 4: Strategic Focus - Cui Chun emphasizes the need for differentiated and platform-based development in the asset management sector, with a strong focus on technology empowerment to enhance business capabilities [5] - The fund aims to maintain its index business advantage while developing active management and diversified asset allocation capabilities to meet evolving market demands and client needs [10]