Group 1 - The departure of three prominent fund managers, including Zhai Xiangdong and Ma Long, has created significant turmoil within China Merchants Fund, raising concerns about the company's future stability and performance [2][3][5] - Zhai Xiangdong, known for his exceptional investment strategies, managed to grow the "China Merchants Advantage Enterprise Mixed Fund" from 0.4 billion to over 10 billion in just three years, achieving a return of 122.95% [3][4] - Ma Long, a key figure in fixed income, managed assets worth 876 billion, contributing significantly to the company's solid reputation in this sector, but he has begun to resign from his managed products and will leave entirely by April 2025 [5][6] Group 2 - The departures of these fund managers reflect deeper issues within China Merchants Fund, particularly related to its salary and compensation policies, which have led to dissatisfaction among employees [7][8] - The company's rigid salary structure has been identified as a major factor contributing to the talent crisis, as it fails to align with the market value and contributions of high-performing fund managers [8][10] - New General Manager Zhong Wenyue faces the daunting task of stabilizing the company and restoring investor confidence amid these significant leadership changes [13][14] Group 3 - Zhong Wenyue's experience in the financial sector may not be sufficient to navigate the current challenges, as he must quickly implement reforms to address the issues stemming from the recent departures [13][14] - The effectiveness of potential reforms, particularly in salary structures and talent acquisition, remains uncertain, as the company must adapt to a rapidly changing market environment [14]