Group 1 - The core point of the article is the leadership change at Huazhong Fund, with Zhu Xuehua stepping down as Party Secretary and Chairman, and Xu Yong, former General Manager of China Merchants Fund, expected to take over the chairman position in the future [2][3][4] - Zhu Xuehua's tenure lasted nearly 11 years, during which Huazhong Fund's management scale increased over tenfold, reaching 748.88 billion yuan by June 2025, compared to 63.96 billion yuan when he took office in 2014 [3][4] - Under Zhu's leadership, Huazhong Fund launched several innovative products, including the largest gold ETF in Asia and the first public REITs products in China, establishing industry benchmarks [3][4] Group 2 - Xu Yong's appointment is noteworthy as he has a diverse background in government, insurance, and public funds, and during his three years at China Merchants Fund, he achieved a nearly 20% growth in management scale, increasing from 782.49 billion yuan to 932.34 billion yuan [4][5] - The leadership change occurs at a critical time for Huazhong Fund, following the merger of Guotai Junan Securities and Haitong Securities, which has led to a restructuring of the fund's ownership, with Guotai Haitong holding 51% [5][6] - Huazhong Fund's financial performance has faced challenges, with total revenue decreasing by 9.56% year-on-year to 3.11 billion yuan and net profit down by 2.66% to 910 million yuan as of December 2024 [6]

Core Viewpoint - The leadership transition at Huaan Fund marks a significant change, with Xu Yong set to take over from Zhu Xuehua, who has led the company for 12 years, during which the fund experienced substantial growth and innovation [1][4]. Group 1: Leadership Transition - Zhu Xuehua has served as the chairman and party secretary of Huaan Fund for 12 years, overseeing its development and innovation [2]. - Xu Yong, the former general manager of China Merchants Fund, is expected to succeed Zhu as the chairman of Huaan Fund [4][5]. Group 2: Achievements Under Zhu Xuehua - Under Zhu's leadership, Huaan Fund's public fund management scale grew from 63 billion to over 740 billion, an increase of more than 10 times, serving over 100 million investors and distributing over 100 billion in dividends [3]. - Zhu emphasized the importance of innovation and long-term value investment, which he believes are key to the fund's success and investor trust [3]. Group 3: Xu Yong's Background and Vision - Xu Yong has extensive experience in both insurance and public fund sectors, holding various leadership roles prior to joining Huaan Fund [5][6]. - During his tenure at China Merchants Fund, Xu oversaw a growth in public fund management scale from 782.5 billion to 932.3 billion, an increase of nearly 150 billion [6].