Core Viewpoint - Ding Luming, former chief analyst at CITIC Securities, has announced the establishment of Shanghai Ruicheng Private Fund Management Co., aiming to create a fund akin to Bridgewater for Chinese investors [2][4]. Group 1: Company Establishment - Ruicheng Private Fund was officially registered on July 14, 2023, after being established on April 21, 2023, with a registered and paid-in capital of 10 million yuan [4][5]. - Ding Luming holds 90.2% of the shares indirectly, with 51% directly and the remaining through Hainan Ruicheng Enterprise Management Center [5]. Group 2: Career Transition - Ding Luming has transitioned from a sell-side analyst to a buy-side fund manager, marking a significant career change after 35 years in the industry [2][4]. - His previous roles included senior analyst positions at Haitong Securities and CITIC Securities, where he received multiple accolades for his contributions [3][4]. Group 3: Industry Trends - The financial industry is witnessing a wave of departures among well-known analysts and fund managers, indicating a trend towards private fund establishment and career diversification [6][7]. - This shift is seen as a response to the evolving market environment and increased competition, providing experienced professionals with new opportunities for growth and innovation [6][7].