Core Points - Fidelity Fund announced a change in its chairman, with Mr. Li Shaojie set to officially take office on July 18, 2025, replacing the outgoing chairman, Ms. Huang Xiaoyi, who is leaving for personal reasons [1][3]. Group 1: New Chairman Profile - Mr. Li Shaojie has extensive experience in the asset management industry, particularly in the Asia-Pacific market, having joined Fidelity International in March 2010 [2][3]. - His previous roles within the Fidelity system include positions such as Chief Representative of Fidelity Fund (Hong Kong) in Beijing, Managing Director of Fidelity International China, and General Manager of Fidelity Lita Investment Management (Shanghai) [2][3]. - Li holds a master's degree and possesses fund industry qualifications, and he is a Chinese national [2][3]. Group 2: Outgoing Chairman Profile - Ms. Huang Xiaoyi's departure coincides with systemic challenges faced by foreign public funds operating in China, having served as the first General Manager after Fidelity obtained its wholly foreign-owned public fund license in late 2022 [6][10]. - During her tenure, she successfully launched the first actively managed equity fund, raising 1.079 billion yuan, which was a significant achievement for foreign institutions in localizing their operations [6][10]. - Huang's leadership period was marked by rapid expansion of the company's equity products, but she resigned less than a year after taking the chairman role, indicating potential strategic pressures [10] . Group 3: Company Performance and Strategy - Fidelity Fund has issued a total of 10 products covering various types, including equity, mixed, bond, and fund of funds (FOF) [8]. - Despite the increase in product offerings, the management scale has decreased from a peak of 6.827 billion yuan at the end of 2024 to 5.196 billion yuan by the second quarter of 2025, reflecting market volatility [8]. - The change in leadership comes at a time when the company is undergoing product structure and strategic adjustments, with expectations that Li Shaojie will help navigate these challenges due to his extensive experience in the Asia-Pacific region [10].