Core Points - The passing of Wang Guobin, founder of Quanguo Fund and a prominent figure in value investing in China, is a significant loss for both the fund and the investment community [1][4] - Quanguo Fund announced the management change, with Ren Li taking over as general manager following Wang's death [1][2] Group 1: Wang Guobin's Career and Contributions - Wang Guobin had 31 years of experience in the securities industry and was one of the earliest advocates of value investing in China's capital markets [1][6] - He founded Dongfanghong Asset Management in 2005, leading it to become the first broker-dealer asset management company to obtain a public fund license in 2010 [2][7] - In 2022, he co-founded Quanguo Fund, aiming to maximize long-term value for investors [2][8] Group 2: Industry Impact and Legacy - Wang was known for his low profile and rarely appeared in public, but his insights on sectors like AI and innovative pharmaceuticals were highly regarded [2][9] - His investment philosophy emphasized the importance of value investing, especially during market volatility, and he believed in the need for a correct attitude, self-discipline, and optimism in investing [9][10] - Wang's approach combined value and growth investing, focusing on companies with clear business models, strong governance, and competitive advantages [10]