Core Viewpoint - Fidelity Fund Management (China) announced the resignation of its former chairman, Huang Xiaoyi, due to personal reasons, marking a significant leadership change in the company [1][3]. Group 1: Leadership Transition - Huang Xiaoyi led Fidelity China through critical years, achieving significant milestones in the foreign-funded public fund business [2][3]. - Li Shaojie has been appointed as the new chairman of Fidelity Fund Management (China) and will continue his existing responsibilities at Fidelity International [2][3]. - Sun Chen has been appointed as the general manager of Fidelity Fund Management (China), tasked with implementing business strategies and maintaining key client relationships [4][3]. Group 2: Business Development - Fidelity International has been operating in China since 2004 and officially obtained a foreign-funded public fund license in December 2022 [5]. - As of now, Fidelity Fund has launched 10 products, managing assets exceeding 5 billion yuan, covering various types such as equity, mixed, bond, and fund of funds (FOF) [5]. - The foreign-funded public fund sector is seen as an important growth driver in China's fund industry, although the "localization" process requires time and adaptation [5]. Group 3: Market Insights - The ability of foreign-funded public funds to gain investor trust relies on their capacity to navigate market cycles and adhere to long-term operational philosophies [5]. - Recent progress in product design, team building, and client communication indicates that foreign-funded public funds are gradually adapting to the local market [5].