Core Insights - Wang Guobin, founder of Quan Guo Fund, passed away on November 3, 2025, at the age of 57 due to illness, as announced by the fund [1][3] - Wang was a prominent figure in China's capital market, known for his value investment philosophy and significant contributions to the industry over a 30-year career [6][8] Group 1: Career Highlights - Wang Guobin was one of the earliest professionals in China's securities market, having joined Dongfang Securities in 1998 and later becoming its Vice President [3][6] - He played a crucial role in establishing the "Dongfang Hong" series of asset management plans, which significantly raised the profile of Dongfang Securities [6][7] - In 2016, he transitioned to the primary market and co-founded Junhe Capital, focusing on sectors like healthcare and advanced manufacturing [7][8] Group 2: Investment Philosophy - Wang was a pioneer of the "value investment" concept in China, advocating for a stock selection strategy based on "fortunate industries + capable companies + reasonable prices" [8][9] - His investment approach emphasized a long-term perspective, viewing stocks as parts of companies and focusing on fundamental analysis [8][9] - He believed in the resilience of the Chinese economy, attributing it to a complete industrial chain and continuous technological innovation [9][10] Group 3: Legacy and Impact - Wang's leadership at Quan Guo Fund and previous roles established him as a respected figure in the asset management industry, influencing many fund managers with his investment framework [8][9] - His optimistic outlook on the market and emphasis on deep research for identifying investment opportunities contributed to his reputation as a successful investor [9][10] - Wang's belief in the potential of China's economy and its structural market opportunities remains a significant part of his legacy [9][10]

王国斌的突然离世，让行业内许多人深感震惊与惋惜。消息传来，大家纷纷追忆与他共事的点滴，感念 他不仅是一位值得尊敬的前辈，更像一位人生导师，在他人迷茫时指点方向，在他人困难时给予力量。 天风证券副总裁赵晓光惋惜道："惊闻我的入行老领导、恩师猝然离世，心情顿时阴霾，国斌总是充满 智慧、充满能量的大师级投资大师和管理大师，曾为我们传经授道，悲从中来，天妒英才！" 王国斌拥有31年证券从业经验，是国内证券市场入行最早的一批投资老将，穿越A股市场多轮牛熊周 期，始终坚守在投资一线。他在中国率先提出并引领了"价值投资"理念，其建立的价值投资体系与框架 影响了业内一批知名基金经理。 入行最早的一批投资老将 王国斌，中共党员，上海市人大代表。泉果基金管理有限公司总经理，北京大学学士、硕士。公开资料 显示，王国斌拥有31年证券从业经验，是国内最早的一批投资老将。 1986年，王国斌先后就读于北京大学化学系、社会学系，后在北大经济管理系攻读硕士，毕业后曾任职 于当时的龙头券商南方证券和万国证券，从事收购兼并与投资银行工作，后转入中国经济开发信托投资 公司。 1998年，王国斌加盟东方证券，曾任东方证券副总裁、东方证券资产管理公司 ...

Core Viewpoint - The appointment of Cheng Fei as the new general manager of Dongfang Hong Asset Management is seen as a crucial step in strengthening the company's core competitiveness and accelerating its strategic transformation [2][3]. Group 1: Management Changes - Cheng Fei, former vice president of Guotai Junan Securities, has officially taken over as the general manager of Dongfang Hong Asset Management as of May 9 [3][4]. - The previous chairman, Yang Bin, will no longer act as the general manager, marking a significant leadership transition [2][3]. Group 2: Industry Impact - Cheng Fei's extensive experience in asset management is expected to bring new ideas and innovative concepts to Dongfang Hong Asset Management, enhancing its competitiveness in a challenging market [7]. - His leadership is anticipated to focus on integrating investment research and product management, as well as improving the stability and diversity of funding sources [7]. Group 3: Company Background - Dongfang Hong Asset Management, established in 2010, is the first securities company asset management firm in China and has developed a strong reputation for value investing [9]. - As of December 2024, the total assets under management reached 216.57 billion yuan, with public fund management accounting for 166.17 billion yuan [9]. Group 4: Performance Metrics - Over the past decade, the company's active management return on stock investments has reached 165.10%, ranking first in the industry [10]. - Fixed income funds have achieved an absolute return rate of 36.32% over the past seven years, placing them in the top 30% of the industry [11].