Core Viewpoint - The sudden passing of Wang Guobin, the founder of Quan Guo Fund, at the age of 57, has left the asset management industry in shock and mourning, marking the end of an era for value investing in China [1][11]. Company Overview - Quan Guo Fund was established in February 2022, with a registered capital of 1 billion yuan. Wang Guobin and Ren Li each held a 35% stake, serving as the general manager and chairman, respectively [5]. - Following Wang Guobin's death, Ren Li has been appointed as the acting general manager [3][4]. Industry Impact - Wang Guobin was a prominent figure in the asset management sector, known for founding Dongfang Hong Asset Management and leading it to significant achievements, including obtaining the first public fund license for a securities asset management company in 2010 [8][10]. - His contributions to the industry included advocating for value investing and influencing many well-known fund managers, establishing him as a leading figure in active management [11][13]. Recent Developments - Quan Guo Fund recently disclosed its third-quarter report, showing a total scale of nearly 24 billion yuan across 12 public fund products, all of which have yielded positive returns since inception [7]. - However, the fund faced challenges, particularly with its largest fund, Quan Guo Xu Yuan, which saw a net value drop of over 8% prior to its first redemption after three years of closure [7]. Legacy - Wang Guobin's philosophy emphasized the importance of value investing, resonating with traditional Chinese culture. His recent work included a book titled "Investing in China," where he shared his insights on the future of the Chinese capital market [13]. - His passing is seen as a significant loss for the industry, with many expressing their condolences and recognizing his role as a guiding figure in the field [11][14].

Core Viewpoint - Wang Guobin, the general manager and founder of Quan Guo Fund Management Co., Ltd., has passed away, and the chairman, Ren Li, will take over his responsibilities [1][4]. Group 1: Company Overview - Quan Guo Fund was established in 2022, and as of November 3, 2025, it has a fund management scale of 23.787 billion yuan, with six funds under management and five fund managers [5]. - Wang Guobin held a 35% stake in Quan Guo Fund and was also a representative of the Shanghai Municipal People's Congress [1][4]. Group 2: Wang Guobin's Background - Wang Guobin previously worked at Dongfang Securities, where he served as the general manager of the securities investment business headquarters and vice president [3]. - In 2005, he founded Dongfang Hong Asset Management, which became the first broker-based asset management company in China to obtain a public fund license in 2010 [4]. Group 3: Industry Insights - Wang Guobin highlighted that China has become one of the fastest-growing economies in terms of innovation over the past decade, driven by the maturation of the post-80s and post-90s generations [4][5]. - He emphasized the advantages of China's large population and engineering talent, with nearly 20 million graduates annually, predominantly engineers, which supports potential innovation [5].