Core Viewpoint - The appointment of Sun Jianbo as the Deputy General Manager of Wanlian Asset Management marks a significant personnel change, aiming to enhance the company's asset management capabilities and growth potential [1][3]. Group 1: Personnel Changes - Sun Jianbo, a veteran investor with extensive experience across various financial sectors, has joined Wanlian Asset Management from Green Fund, where he served as Deputy General Manager [1][2]. - Wanlian Asset Management has seen several leadership changes, including the appointment of Li Ye as Chairman and Liu Changjian as Chief Compliance Officer in March 2024 [3]. Group 2: Company Performance - In 2024, Wanlian Asset Management achieved a total asset management business scale of 27.86 billion yuan, with 156 active asset management products [3]. - The company reported a revenue of 193.19 million yuan in 2024, reflecting a year-on-year increase of 163.07%, and a net profit of 50.60 million yuan, up 220.24% year-on-year [3]. Group 3: Strategic Initiatives - Wanlian Securities is focused on expanding its asset management business, with plans to increase its registered capital from 500 million yuan to 1 billion yuan to further drive growth [3]. - The company has submitted an application to establish a public fund management company, with the latest update indicating it has entered the first written feedback stage [4].

Core Viewpoint - The article highlights the return of Sun Jianbo, a former champion of public fund equity, to the asset management industry by joining Wanlian Securities Asset Management as the Deputy General Manager [2][4]. Group 1: Sun Jianbo's Career - Sun Jianbo is recognized as a veteran in the public fund industry, having gained fame in 2010 when he, along with his colleagues, won the annual championship in equity funds, surpassing the then-leading fund manager Wang Yawei [4]. - He has a history of transitioning between public and private sectors, having left his position at Green Fund in October 2023 before joining Wanlian Securities [5][6]. Group 2: Wanlian Securities Asset Management - Wanlian Securities, established in 2001, is the only state-owned securities firm in Guangzhou, with a registered capital of 6.804 billion yuan and an AAA credit rating [8]. - As of the end of 2024, Wanlian Securities Asset Management reported a total asset management scale of 27.86 billion yuan, with 156 existing asset management products [8]. - The company achieved a revenue of 193.19 million yuan in 2024, marking a year-on-year increase of 163.07%, and a net profit of 50.60 million yuan, up 220.24% year-on-year [8]. Group 3: Strategic Developments - Wanlian Securities Asset Management is actively recruiting experienced professionals to expand its FOF and QDII businesses, indicating a strategic focus on diversifying its offerings [7][9]. - The company has submitted an application to establish a public fund management company, which has received initial feedback, and is building a public fund team to enhance its capabilities in compliance, risk control, and operations [9].

Core Insights - The departure of Zhou Haidong has led to a significant reduction in the total fund shares he managed, with a decrease of 67.13 million shares, representing a drop of over 44% [1][2] - The overall scale of the funds managed by Zhou has also shrunk, with a total decrease of 106.20 billion yuan, equating to a decline of 38.99% [2][4] - The fund industry is facing a transformation challenge as it moves away from reliance on star fund managers, necessitating the development of collaborative research teams [1][6] Fund Performance Summary - Zhou Haidong's managed funds saw substantial share reductions, with the "Huashang New Trend Preferred" fund dropping from 9.63 billion shares to 5.28 billion shares, a decline of 45.18% [3] - The "Huashang Advantage Industry" fund experienced a share decrease of 39.18%, while the "Huashang Selected Return" fund saw a dramatic drop of 54.90% [3][4] - The total scale of the "Huashang New Trend Preferred" fund fell from 92.01 billion yuan to 53.90 billion yuan, a decline of 41.43% [4] Industry Impact - Zhou's departure has caused a ripple effect within Huashang Fund, with the total non-monetary fund scale dropping to 1,042.19 billion yuan, a reduction of over 114 billion yuan [6] - The exit of a prominent fund manager can lead to a loss of investor confidence and potential fund redemptions due to the "follow-the-leader" effect [6][7] - The industry is urged to shift from a "personal-driven" model to a "team-driven" approach, emphasizing the need for structural changes in fund management practices [7]