Core Viewpoint - The recent resignation of Guo Kun as the Deputy General Manager of Changsheng Fund marks a trend where successful fund managers are choosing to return to their core investment roles, moving away from administrative responsibilities [1][6][12]. Group 1: Management Changes - Guo Kun resigned from his position as Deputy General Manager on January 13, 2026, due to "work adjustments" and will focus on investment management [1][3]. - This resignation is part of a broader trend in the industry where many fund managers are stepping down from executive roles to concentrate on investment [6][12]. Group 2: Performance and Background - Guo Kun has a strong track record, having previously managed funds at Hongde Fund with impressive returns, such as 30.7% and 35.9% for different products [9][11]. - After joining Changsheng Fund, Guo's management of the Changsheng Tongsheng Growth Preferred Mixed Fund resulted in a cumulative return of 95.57% since May 2020, significantly outperforming peers [9][11]. - As of January 15, 2026, Guo managed a total of 7 funds with a combined scale of 6.078 billion yuan, although some products experienced performance fluctuations under the pressure of dual responsibilities [11]. Group 3: Industry Trends - The trend of fund managers returning to investment roles is influenced by regulatory changes emphasizing long-term performance over scale, as outlined in the 2025 "Action Plan for Promoting High-Quality Development of Public Funds" [6][7]. - The conflict between management duties and investment focus is a significant factor driving this shift, as administrative tasks can detract from research and decision-making time [7][12].

Market Performance - On July 30, A-shares showed mixed performance with the Shanghai Composite Index rising by 0.17% to 3615.72 points, while the Shenzhen Component Index fell by 0.77% to 11203.03 points, and the ChiNext Index decreased by 1.62% to 2367.68 points [1] Fund Manager Changes - In the past 30 days (June 30 - July 30), a total of 443 fund managers changed positions across various funds, with 10 announcements made on July 30 alone [3] - Reasons for fund manager departures included work changes (2 managers), personal reasons (2 managers), and product expiration (1 manager) [3] - Notable fund managers include Yu Peng from Fortune Fund, managing assets worth 287 million yuan, with a top-performing fund yielding a 71.20% return over 7 years and 250 days [3] New Fund Managers - New fund manager Cai Chengfeng from Harvest Fund manages assets totaling 613 million yuan, with a top-performing fund achieving a 186.53% return over 3 years and 54 days [4] Fund Research Activity - Fortune Fund led in company research with 47 companies surveyed, followed by Bosera Fund and Southern Fund, each with 44 companies, and Huaxia Fund with 43 companies [6] - The most researched industry was communication equipment with 193 surveys, followed by chemical pharmaceuticals with 158 [6] Recent Stock Focus - The most focused stock in the past month was Zhongji Xuchuang in the optical communication module sector, with 75 fund management companies participating in its research [6] - In the past week (July 23 - July 30), Haida Group in the feed industry was the most researched company, with 45 fund institutions involved [7]