Core Points - The resignation of Jiang Jialiang, the Assistant General Manager and Chief Equity Investment Officer of Puyin Ansheng Fund Management Co., Ltd., has been announced, effective November 7, 2025, due to personal reasons [1] - Jiang has a rich background in finance, having worked in various roles at major financial institutions before joining Puyin Ansheng Fund in June 2018 [1] - Under Jiang's management, the Puyin Ansheng New Economy Structure fund achieved a return of 169.87% since November 1, 2018, with an annualized return of 15.19%, ranking in the top 20 among peers [2] - However, other funds managed by Jiang, such as the Puyin Ansheng Quality Selection, experienced significant losses, with a return of -45.34% since December 2021, ranking near the bottom among similar funds [2] - Puyin Ansheng Fund has a total management scale of 344.51 billion yuan, primarily supported by fixed-income products, while equity funds remain small in scale [3] - Following Jiang's departure, the focus will be on how the company, under the leadership of Zhang Chi, will implement its three major business strategies: "Global Sci-Tech," "Index Family," and "Fixed Income Family" [3]

Core Insights - The "2025 Asset Management Annual Conference" held in Shanghai focused on the theme of "Breaking the Deadlock and Restructuring - Rebuilding Competitiveness in Asset Management" amidst ongoing transformations in the fund industry [1] - The company aims to enhance its competitiveness through three strategic business developments: "Global Tech Innovator," "Index Innovator," and "Fixed Income Innovator" [1][6] Group 1: Global Tech Innovator - The "Global Tech Innovator" brand was launched to strengthen investment research capabilities and identify investment opportunities in global technology assets [2] - The company's advanced manufacturing and high-end equipment fund achieved a one-year return of 123.15%, while its technology innovation fund saw a return of 92.42% [3] - A specialized research team has been established to track trends in emerging technology sectors such as semiconductors and renewable energy [3] Group 2: Index Innovator - The "Index Innovator" brand focuses on passive investment strategies, combining active and passive management advantages to create stable alpha for clients [4] - The company utilizes AI technology to enhance model construction and capture emerging market trends [5] - The "Index Innovator" series includes quantitative investment, index enhancement, and ETF solutions, catering to diverse investment needs [5] Group 3: Fixed Income Innovator - The "Fixed Income Innovator" brand was developed to provide stable returns in a low-interest-rate environment, addressing investor demand for low volatility and high liquidity [6] - The company's fixed income products have shown resilience, with returns ranking in the top third of their categories [6][7] - The fixed income team employs a multi-asset allocation strategy to meet various investor needs while enhancing returns [7]