Core Insights - Significant personnel changes are occurring within the "Everbright System" as Gao Ruidong, the former head of Everbright Securities Research Institute, has left to join Everbright Prudential Fund, where he is expected to take on the role of Party Secretary and potentially the General Manager in the future [1][5][7] Group 1: Personnel Changes - Gao Ruidong has officially joined Everbright Prudential Fund as of August 20, transitioning from Everbright Securities [2][5] - His previous roles included Chief Economist and Director of the Research Institute at Everbright Securities, where he was known for his macroeconomic insights [3][6] - The Research Institute may be led by Wang Yifeng, the current Deputy Director and Chief Analyst of the financial sector [1] Group 2: Company Background - Everbright Securities Research Institute, established in 1997, is one of the oldest research institutes in China, currently employing 104 analysts and ranking 18th in the industry [7][8] - Everbright Prudential Fund, founded in April 2004, has a registered capital of 160 million RMB and manages a total asset scale of 95.6 billion RMB, with 79.136 billion RMB in public funds [7][8] - The fund primarily focuses on bond funds, which accounted for over 80% of its non-monetary fund scale as of the second quarter of 2025 [7]

Core Viewpoint - The article discusses significant personnel changes within the Everbright Securities Research Institute and Everbright Prudential Fund, highlighting the resignation of Gao Ruidong and the potential appointment of Wang Yifeng as the new head of the research institute, while also indicating Gao's possible future role as the general manager of Everbright Prudential Fund [2][4]. Group 1: Personnel Changes - Gao Ruidong officially resigned as the head of the Everbright Securities Research Institute on August 21, with Wang Yifeng, the deputy director and chief analyst of the financial sector, taking over daily operations [2]. - Gao Ruidong may be appointed as the general manager of Everbright Prudential Fund, pending internal procedures and regulatory approval [2][4]. - Wang Yifeng has approximately 20 years of experience in the financial industry and has received multiple awards for his analysis work [2][4]. Group 2: Background of Gao Ruidong - Gao Ruidong is a prominent figure in China's financial and securities sector, having held various key positions within Everbright Securities, including deputy director and chief economist [4]. - He holds a Ph.D. in economics from Waseda University and has been involved in macroeconomic and financial market research, contributing to discussions on economic policies [4]. - Gao has a reputation for his systematic insights into macroeconomic research and has previously predicted significant economic trends, such as the onset of a new global Juglar cycle [4]. Group 3: Everbright Prudential Fund Overview - Everbright Prudential Fund, a subsidiary of Everbright Securities, was established in April 2004 and has a registered capital of 160 million RMB [7]. - As of the end of Q2 this year, the fund managed public fund assets totaling 79.136 billion RMB, ranking 68th in the industry, with non-monetary fund assets at 60.929 billion RMB, ranking 65th [7]. - The fund primarily focuses on bond funds, which accounted for over 80% of its non-monetary fund assets, with a significant emphasis on quantitative investment strategies [7].