Group 1 - Allianz Fund Management Co., Ltd. announced a significant personnel change, with current General Manager Shen Liang promoted to Chairman and former Deputy General Manager and Chief Investment Officer Zheng Yuchen taking over as General Manager while continuing as Chief Investment Officer [1] - Shen Liang joined Allianz Investment in January 2021, while Zheng Yuchen joined in January 2022 [1] - Allianz Investment, part of the Allianz Group, has been operating in the Chinese market for over 30 years and received approval to establish Allianz Fund in August 2023, with a business license issued by the CSRC in April 2024 [1] Group 2 - Shen Liang, who has held various senior roles in the financial sector, will transition to the role of Chairman, having previously served as Investment Director at Zhonghong Life Insurance and COO at Morgan Stanley Asia [2] - Zheng Yuchen, who has extensive experience in investment management, will assume the role of General Manager, having previously worked at various financial institutions including HSBC Jintrust Fund Management [3] - As of January 24, Allianz Fund's latest management scale is 976 million yuan, with six products, including the Allianz China Select AC, which has achieved over 80% return in the past year [3] Group 3 - The investment strategy indicates a preference for equities over RMB bonds, maintaining an overweight position in stocks while adjusting based on market conditions [4] - The focus remains on the value reassessment of Chinese stocks, particularly in the context of economic transformation and technological development, with high-quality tech assets expected to yield significant excess returns [4]