Core Insights - The recent departure of Wang Jianhua, the vice president of Xinda Australia Fund, marks the third such exit in less than seven months, indicating a trend of high turnover in the company's senior management [2][3] - The fund's public management scale has significantly decreased, dropping from 1,374.51 billion yuan at the end of 2024 to 1,030.06 billion yuan by the second quarter of 2025, a reduction of 344.44 billion yuan or 25.06% [5][6] Management Changes - Wang Jianhua left his position due to personal reasons after serving for 4 years and 4 months, primarily overseeing the mixed asset investment department [3][4] - Other vice presidents who have left this year include Wei Qingkong and Song Jiawang, with their departures attributed to internal adjustments and new roles within the company [4][5] - The company still has five vice presidents remaining, indicating a relatively stable management structure despite recent changes [2][3] Fund Management Scale - As of the second quarter of 2025, the management scale of Xinda Australia Fund's public funds was 1,030.06 billion yuan, which is a significant decline from the previous year [5][6] - The decline in fund management scale is primarily attributed to the reduction in fixed-income fund sizes, with notable decreases across various fund categories [5][6] - The overall public fund industry, however, has seen growth, with total assets increasing from 32.83 trillion yuan at the end of 2024 to 34.39 trillion yuan by mid-2025 [6]