Group 1 - The core point of the news is the appointment of Li Haitao as the assistant general manager of Fengchao Fund, effective from August 22, 2025, highlighting the company's emphasis on fixed income business and professional talent [1][9] - Li Haitao has been with Fengchao Fund since its establishment and has become a key decision-maker, reflecting the company's strategic focus on solidifying its fixed income capabilities [1][9] - The company has seen significant growth, with total assets reaching 48.88 billion yuan by the end of the second quarter of 2025, indicating a robust development trajectory since its founding in May 2018 [6][8] Group 2 - Li Haitao's professional background includes roles at Guangfa Bank and Huafu Securities, showcasing a strong foundation in fixed income investment, which aligns with Fengchao Fund's "fixed income+" strategy [3][4][9] - Under Li's management, the fund has successfully managed eight funds with a total scale of 14.366 billion yuan, demonstrating his capability in driving the company's investment performance [4] - Fengchao Fund's fixed income team is recognized for its stability and expertise, ranking fourth in long-term active bond investment management capabilities over the past three years [8]