Core Insights - Wang Jianhua, the Deputy General Manager of Cinda Australia Fund, is set to leave the company due to family reasons, with the departure process already underway and an official announcement expected soon [1] - In the past year, five Deputy General Managers have left Cinda Australia, with four of them belonging to the "investment research system" [2][7] - The trend of high turnover among Deputy General Managers in public funds is noted, with a shift towards focusing on investment research rather than administrative roles [2][11] Group 1: Departure of Wang Jianhua - Wang Jianhua has not managed any public fund products since January 9, 2023, and his tenure has seen significant losses in the products he managed, with losses of 20.31%, 33.26%, and 7.11% for different funds [6][3] - His highest managed fund size was 1.605 billion yuan at the end of 2021, which drastically decreased to 69 million yuan by the end of last year [6] Group 2: Trends in Management Changes - The departure of Wang Jianhua is part of a broader trend where five Deputy General Managers have left Cinda Australia in the past year, indicating a significant turnover in the management team [7][2] - The trend of "de-administrativization" among star fund managers is seen as a move towards a more rational division of labor within the public fund industry [2][10] - In 2023, 41 Deputy General Managers have left their positions across 106 public fund institutions, highlighting a high frequency of turnover in this role [11]

Core Viewpoint - The resignation of Wang Jianhua, the Deputy General Manager of Xinda Australia Fund, is attributed to personal reasons, following a period of underperformance in fund management [2][4][6]. Group 1: Management Changes - Wang Jianhua resigned as Deputy General Manager on July 28, 2025, after joining Xinda Australia Fund in February 2021 [4][5]. - His previous experience includes over 10 years at Bank of Communications, where he held various senior positions [5]. - Wang's tenure at Xinda Australia Fund was marked by poor fund performance, with significant losses reported across multiple funds he managed [6]. Group 2: Fund Performance - Under Wang's management, the Xinda Australia New Target A Fund reported a return loss of 33.26% [6]. - The Xinda Australia New Wealth A and Xinda Australia Hengsheng A Funds also experienced losses of 20.31% and 7.11%, respectively [6]. Group 3: Frequent Personnel Changes - Xinda Australia Fund has seen a high turnover of senior management, with four Deputy General Managers resigning in the past year [7]. - Notable departures include Wei Qingkong and Song Jiawang, who transitioned to other senior roles within the company [7]. Group 4: Management Scale Fluctuations - The total management scale of Xinda Australia Fund reached a historical high of 137.4 billion yuan by the end of 2024 but subsequently dropped to 103 billion yuan by June 2025, a decrease of over 30 billion yuan in six months [8].