长江商报消息 ●长江商报记者 潘瑞冬 大型公募基金兴证全球基金同日官宣两大核心高管新任人选。 11月7日，兴证全球基金发布公告表示，因公司安排，原总经理、财务负责人庄园芳升任董事长、法定 代表人，任职日期为11月7日。同时，公司原副总经理陈锦泉升任总经理、财务负责人，任职日期为11 月6日。 长江商报记者注意到，庄园芳1992年加入兴业证券，2016年"空降"兴证全球基金董事长，不久后转任总 经理至今，历任兴证全球基金副董事长、总经理、财务负责人，是该基金公司33年的老将。此次出任董 事长，是庄园芳第二次执掌兴证全球基金的"帅印"。 天天基金网显示，兴证全球基金旗下共143只基金，管理规模达7419.92亿元，较2024年末增加了447.3亿 元，管理规模在2025年6月末首次突破7000亿大关。 兴证全球旗下较受市场关注的是兴全全球视野股票，该只基金成立于2006年9月20日，主要投资于富有 成长性、竞争力以及价值被低估的公司，追求当期收益实现与长期资本增值。此前由王牌基金经理董承 非管理，2022年董承非已离职。 从收益来看，截至2025年11月7日，该基金近3个月涨幅为21.68%，近6个月涨幅为37. ...

Market Performance - The A-share market has shown strong performance recently, with the Shanghai Composite Index returning to a relative high of 3600 points [1][2] - As of May 27, the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index closed at 3608.85, 14897.19, and 3226.11 points, with daily increases of 0.43%, 0.7%, and 0.92% respectively [2] Fund Performance - Equity fund returns have significantly rebounded, with some star fund managers seeing their products' year-to-date returns turn positive and continue to rise [1][2] - Notable fund performances include E Fund's Blue Chip Select Mixed Fund with a year-to-date return of 8.43%, Invesco Great Wall Dingyi Mixed Fund at 8.48%, and China Europe Medical Health Mixed A Fund at 16.68% [2] Investor Sentiment - Many investors have expressed relief at recovering their investments, with some stating they have "broken even" after previous losses [4] - However, a portion of investors remains in a loss position, particularly those who entered the market during high net asset values before the recent downturn [4] Market Recovery Factors - The recent market recovery is attributed to a temporary easing of liquidity and a reduction in commodity price pressures [3] - As of May 26, the number of equity funds with negative year-to-date returns decreased to 1170, representing less than 20% of the total, indicating a significant recovery in fund performance [3] Future Outlook - Industry experts maintain an optimistic outlook for the market, suggesting that high-quality blue-chip stocks will continue to attract investment [5] - There is a consensus that while market sentiment may fluctuate, structural opportunities for growth remain, particularly as systemic risks have decreased [5]

Core Viewpoint - The article emphasizes the importance of respecting objective laws and being pragmatic in investment decisions, highlighting the need for thorough research and understanding of company fundamentals to achieve growth returns [1][2]. Investment Philosophy - Yang Shijin adheres to Graham's philosophy that "the market is a weighing machine in the long run," focusing on in-depth research of company fundamentals and growth returns as core investment goals [2][6]. - The investment strategy is characterized by a bottom-up stock selection approach, with a strong emphasis on the company's "moat" [2][6]. Investment Experience and Background - Yang Shijin has over ten years of experience in the investment industry, with a diverse skill set that spans pharmaceuticals, petrochemicals, semiconductors, military industry, and new energy sectors [2][4]. - His career began in 2010, focusing on coal industry research, which deepened his market understanding and awareness of cyclical forces [4]. Performance Metrics - As of June 30, 2025, the A-share of the Xingquan Multi-Dimensional Value Mixed Securities Investment Fund, managed by Yang Shijin, achieved a return of 9.29%, significantly outperforming the benchmark of -12.72% during a volatile market [5][11]. Investment Decision-Making - Investment decisions are made by balancing risk and return, with a strong emphasis on the importance of entry price; even the best companies can yield poor returns if purchased at high prices [3][8]. - Yang Shijin's investment framework includes assessing the value a company brings to society and customers, growth potential, and competitive barriers [7][10]. Relationship with Investors - Yang Shijin emphasizes the importance of building trust with investors, likening the relationship to a team working together to achieve market gains [3][11]. - He aims to enhance the investment experience through defensive strategies, including balanced diversification and style differentiation [11]. Market Outlook - The investment focus is expected to lean towards technology growth while maintaining appropriate diversification, with an overarching theme of economic recovery and transition to high-quality development [12].