Core Viewpoint - Manulife Fund has announced a senior management change, with the departure of Deputy General Manager Song Yang and the appointment of Liu Yewei as the new Deputy General Manager, effective October 31, 2025. This change continues the company's strategy of localized management amid increasing competition in the public fund industry [1][4]. Group 1: Management Changes - Song Yang has officially left his position as Deputy General Manager after nearly two years, having joined Manulife Fund in November 2023. He previously held significant roles in international financial institutions and was instrumental in marketing strategy [4][5]. - Liu Yewei, the new Deputy General Manager, has extensive experience in the financial industry, having held key positions in various fund management companies and banks. His appointment aligns with Manulife Fund's strategic transformation [6][7]. Group 2: Company Performance - As of September 30, 2025, Manulife Fund's total asset size reached 98.27 billion, with non-monetary assets growing from approximately 48.6 billion at the end of 2023 to 63.699 billion, ranking 67th out of 162 public funds [5][9]. - Despite a growth of 2.059 billion in non-monetary assets in the third quarter of 2025, the company's industry ranking fell by three places, highlighting the intense competition in the public fund sector [9]. Group 3: Strategic Implications - The appointment of Liu Yewei is seen as a critical move to enhance Manulife Fund's penetration in the domestic market, particularly in the areas of pension third pillar development and the promotion of floating rate products [7][9]. - The company's management emphasizes leveraging the global investment capabilities of Manulife Financial Group while combining local talent and strategies to better serve Chinese investors [7].