Core Viewpoint - The article highlights the formal appointment of Qiao Zhen as the chairman of Everbright Securities Asset Management Co., marking a significant leadership transition within the company and the broader asset management industry in China [1][2][7]. Company Leadership Transition - Qiao Zhen has officially taken over as chairman after serving in an acting capacity since August 2025, following the departure of former chairman Xiong Guobing [2][7]. - The asset management industry is experiencing a wave of leadership changes, with several firms, including Xing Securities Asset Management and Huatai Securities Asset Management, undergoing similar adjustments [2][10]. Qiao Zhen's Background - Qiao Zhen has over a decade of experience in the company, having held various key positions such as general manager and assistant general manager, which gives him a deep understanding of the company's business structure and development [3][6][7]. - He graduated from Shanghai Jiao Tong University and has previously worked at China Merchants Bank and Huatai-PineBridge Fund [6]. Company Growth and Strategy - As of June 2025, the total assets under management by Everbright Securities Asset Management reached 322.5 billion yuan, reflecting a 3.6% increase from the beginning of the year [8]. - The company has decided to withdraw its application for a public fund management license, marking a strategic shift after two years of unsuccessful attempts to obtain approval [8][9]. - For 2026, the company plans to focus on expanding its product offerings, particularly in "fixed income plus," multi-strategy, and specialized equity products, aiming to create a diverse and forward-looking product ecosystem [9]. Industry Context - The leadership change at Everbright Securities Asset Management is part of a broader trend in the asset management sector, with multiple firms adjusting their core management teams in response to evolving market conditions [10].