Core Viewpoint - The passing of Guan Jingsheng, known as the "father of securities" in China, has evoked deep reflections within the financial community, highlighting his significant contributions to the development of China's capital markets and his legacy as a mentor to younger generations [1][10][11]. Group 1: Guan Jingsheng's Legacy - Guan Jingsheng was a pioneer in China's capital markets, having founded the first securities company in Shanghai, Wangguo Securities, and played a crucial role in establishing the Shanghai Stock Exchange [31]. - He founded Jiuzong Shanhe Fund in 2016, focusing on equity investment and aimed at serving the real economy, reflecting his commitment to "creating wealth for the country" [2][18]. - His mentorship was characterized by practical advice and a focus on risk management, which influenced many in the industry, including Chen Haiming, who recalled Guan's emphasis on understanding market dynamics and the importance of risk awareness [14][15]. Group 2: Jiuzong Shanhe Fund Operations - Jiuzong Shanhe Fund has established over 40 funds since its inception, with nearly 30 still active, focusing on sectors such as biomedicine and high-end manufacturing [24][27]. - The largest fund under Jiuzong Shanhe is the Shanghai Jiuzong Shanhe Investment Center, with a total investment of 500 million yuan [25]. - The fund's investment strategy includes a focus on new technologies and materials, with notable investments in companies like Xinghua Henghui and Kuitedi, reflecting its commitment to innovation [28][29]. Group 3: Future Vision and Goals - Guan Jingsheng envisioned Jiuzong Shanhe Fund as a platform for new capital to drive economic transformation, advocating for a model that integrates new thinking, technology, and capital [20][21]. - The fund aims to create a parallel fund structure that includes government guidance, listed companies, and high-quality limited partners, targeting a diverse range of investment opportunities [22]. - Guan's aspirations for the fund included establishing a low-carbon benchmark in Shanghai and becoming a leading taxpayer among private financial institutions [22][23].

Core Viewpoint - The passing of Guan Jingsheng, known as the "father of securities" in China, has evoked deep reflections within the financial community, highlighting his contributions to the capital market and his legacy in nurturing future generations [2][8]. Group 1: Guan Jingsheng's Legacy - Guan Jingsheng, who passed away at the age of 78, was a pioneer in China's capital market and founded Jiuzong Shanhe Fund in Shanghai nine years ago, focusing on equity investment with the mission of "creating wealth for the country" [2][12]. - His approach was characterized by a commitment to serving the new economy with "new capital," reflecting his dedication to both his hometown and the development of the financial sector [2][11]. - Guan's influence extended to many in the industry, including Chen Haiming, who regarded him as a mentor and a model for aspiring financial professionals [8][9]. Group 2: Jiuzong Shanhe Fund - Jiuzong Shanhe Fund has established over 40 funds since its inception, with nearly 30 still active, focusing on sectors such as biomedicine and high-end manufacturing [17][19]. - The largest fund, established in 2016, has a total investment of 500 million yuan, with Jiuzong Shanhe holding a 55% stake [17]. - The fund's investment strategy emphasizes new technologies and materials, with a broad focus on various industries, including advanced semiconductors and AI [19][21]. Group 3: Guan Jingsheng's Vision and Philosophy - Guan emphasized the importance of risk control in financial operations, advising that understanding and managing risks is crucial for success in the capital market [10][14]. - His vision for Jiuzong Shanhe Fund included creating a parallel fund model that integrates domestic and international investments, aiming to support the transformation of China's real economy [15][16]. - Guan's commitment to education and nurturing talent in his home province of Jiangxi was evident through his establishment of scholarship funds at local universities [11][22].