Core Viewpoint - The resignation of Zhang Qinghua from the position of Deputy General Manager at E Fund is part of a broader trend where senior fund managers are returning to investment roles, indicating a shift in the industry towards a focus on professional research and investment capabilities rather than management roles [1][5]. Company Summary - Zhang Qinghua has resigned from his position as Deputy General Manager at E Fund due to work adjustments and will focus on investment management [1][2]. - He has nearly 18 years of experience in the securities industry and over 11 years in investment, having held various roles within E Fund since joining in September 2010 [4]. - Zhang manages five multi-asset public funds, with four of them having been under his management for over five years, including the E Fund Anxin Return, which has achieved a net value growth rate of 305.77% since its inception in June 2011 [4]. Industry Summary - Since 2024, several senior fund managers from various companies have stepped down from management roles to return to investment positions, including notable figures from Jiashi Fund, Wanjia Fund, and others [2]. - The trend of "returning to investment" among senior executives is seen as a signal of the industry moving towards high-quality development, emphasizing professional research and investment capabilities [5]. - The shift reflects a maturation of the public fund industry in China, moving away from scale competition to a focus on investment research strength, which is expected to shape the future industry landscape [5].