Core Viewpoint - The sudden passing of Wang Guobin, the general manager of Quanguo Fund, has led to the appointment of Ren Li as the new general manager, effective November 3, 2025, highlighting the impact of Wang's legacy in the investment industry [1][2]. Group 1: Management Changes - Quanguo Fund announced the appointment of Ren Li as the new general manager following the death of Wang Guobin [1]. - Ren Li is currently the chairman of Quanguo Fund and has held various senior positions in the asset management sector, including at Dongfang Securities [1][2]. Group 2: Wang Guobin's Legacy - Wang Guobin had 31 years of experience in the securities industry and was one of the earliest investment veterans in China, known for pioneering the "value investment" philosophy [2][3]. - He was recognized for his contributions to the industry, including being awarded as one of the "Top Ten Outstanding Youths in Shanghai" in 2007 for his investment style that combined theory, practice, and belief [2][3]. - Wang's investment philosophy emphasized the combination of "fortunate industries + capable enterprises + reasonable prices," which has significantly influenced the investment research framework in the industry [2]. Group 3: Quanguo Fund's Development - Quanguo Fund was established in 2022 with a registered capital of 100 million RMB and is recognized as a national public fund management company approved by the China Securities Regulatory Commission [4]. - The fund's current management scale is approximately 23.787 billion RMB, with mixed funds accounting for 23.725 billion RMB of this total [5]. - Quanguo Fund has six fund products under management, with key fund managers including Zhao Yi, Gang Dengfeng, and Qian Sijia [5]. Group 4: Recognition and Contributions - In 2023, Wang Guobin was honored as one of the "25 People in China's Fund Industry" by Securities Times for his significant contributions to the development of the public fund industry in China [6].