Heavy!The trillion fund company welcomes the new handsome, insurance veteran Xu Yong joined the China Merchants Fund

21st Century Business Herald Reporter Li Yu Shenzhen Report

The trillion -dollar investment promotion fund ushered in the new general manager.

On July 29, an announcement of China Merchants Fund showed that Xu Yong, the general manager of the former Yangtze River Pension Insurance Co., Ltd. (hereinafter referred to as Yangtze Pension), served as the Deputy Secretary and General Manager of the Party Committee of China Merchants Fund.

In September last year, China Merchants Fund issued an announcement saying that the company's party committee secretary and chairman Wang Xiaoqing left the company's general manager. Since then, the general manager's position has been performed by Wang Xiaoqing.

As an industry head fund company, China Merchants Fund was established in 2002. It is currently controlled by China Merchants Bank. It has two wholly -owned subsidiaries, which are China Merchants Wealth and China Merchants Asset Management (Hong Kong) Co., Ltd.

In the past 20 years of sustainable development, the scale of investment in investment funds and its wholly -owned subsidiaries has achieved leapfrog development, which has now entered a trillion -dollar level.

From the perspective of the fund industry, the China Merchants Fund is a bank -based public fund. The business development needs to improve its professionalism while generating a greater synergy effect with the shareholders' resources. Therefore focus on.

In this regard, Xu Yong told the 21st Century Business Herald that China Merchants Group, Shareholder China Merchants Bank and China Merchants Securities provided strong support for China Merchants Fund. China Merchants Fund must rely on shareholders' resources and have its own professional value. Only in this way can we realize the sharing and integration of resources, promote and coordinate each other, and exert a greater synergy effect.

At present, in the environment of a new round of reshuffle in the capital management industry, the Chinese public fund industry is struggling to transform. How does fund company find its own positioning and establish a core advantage. The introduction of the insurance department of China Merchants Fund may be one of the directions.

The new commander comes from the insurance system

Xu Yong, who is about to join the China Merchants Fund, comes from the insurance system.

On June 1st, the Yangtze Pension announced that Xu Yong, the general manager, had submitted a written speech to the company's board of directors for personal reasons and stepped down as the general manager of the company.

According to public information, Xu Yong graduated from Fudan University with a doctor of political science theory. After graduating, he worked in the Shanghai Municipal Government's General Office for 11 years.

In 2009, Xu Yong entered the insurance industry. He was a member of the China Taibao Life Insurance Party Committee, Deputy Secretary of the Discipline Inspection Commission, Secretary of the Party Committee and General Manager of the Shanghai Branch; member of the Tai Security Federation Health Party Committee and Deputy General Manager.

In 2015, Xu Yong joined the Yangtze River Pension and successively served as deputy general manager, executive deputy general manager, deputy general manager (hosting work) and other positions.

In June 2020, the China Banking and Insurance Regulatory Commission issued a approach to Xu Yong's qualifications and approved the qualifications of the general manager of the Yangtze River Pension.

The Yangtze River Pension was established in May 2007 and was launched by 11 large central enterprises and Shanghai state -owned enterprises. It is a professional pension insurance company under China Pacific Insurance (Group) Co., Ltd. (hereinafter referred to as China Tai Insurance). The company is headquartered in Shanghai, with a registered capital of 3 billion yuan.

According to the company's official website information, as of the end of 2020, the size of the Yangtze River Pension Management Assets exceeded trillion yuan, providing Tai guarantee services to more than 10,000 government and institutional customers, 1.5 million enterprise annuity beneficiaries, and 40 million vocational annuity beneficiaries. More than 160 billion yuan of performance returns.

During Xu Yong's tenure, the scale of asset management of Yangtze Pension has grown from 150 billion yuan in 2015 to trillion in 2020, becoming one of the heads of China's pension and insurance asset management.

At the same time, the revenue of the Yangtze Pension has been increasing. The latest data show that in 2021, the Yangtze River Pension achieved 1.224 billion yuan in 2021, an increase of 41.68%year -on -year, of which the net profit of the mother was 370 million yuan, a year -on -year increase of 55.44%.

Former general manager also comes from the insurance system

In May 2020, China Merchants Fund announced that Wang Xiaoqing, the former vice president of China PICC Asset Management Co., Ltd. succeeded as the general manager of China Merchants Fund.

Public information shows that Wang Xiaoqing, a doctor of economics from Fudan University, has served as Agricultural Bank of China, Haitong Securities, Securities Regulatory Commission, and Tianyi Securities since 1992 (later merged into Guangda Securities).

In 2005, Wang Xiaoqing joined the assets of Renminbu, and served as the person in charge of the asset risk management department and the person in charge of the combination management department. In 2007, he was promoted to members of the Party Committee and Assistant of the Party Committee of Renminbi Assets to enter the company's management. Since then, he has been promoted to deputy secretary and vice president of the company's party committee.

At the beginning of his office, Wang Xiaoqing, who was born in investment and research, proposed that investment and research capabilities were the core competitiveness of fund companies. In the future, China Merchants Fund will continue to learn from the practice of excellent institutional investors, strengthen professional capabilities construction and internal resources integration, continue to promote the cultural change of investment and research, enhance the prospectiveness and depth of research, be friends who are "good companies", friends who do time, and be friends. Empower the excellent investment manager and create more value for investors.

Wang Xiaoqing once said that as the asset management industry has further increased to the outside world, bank wealth management subsidiaries have been established. The investment and research capabilities with equity asset management as the core is the key to the sustainable and healthy development of the fund industry. Fund companies must find their own positioning. To establish a core advantage can we stand out in the fierce market competition. "As the most representative inclusive financial tool in my country, public funds should bear the heavy trust of investors. The period and strategic opportunity period, there is a lot of promise in the broad prospects. "

However, just a year after serving as the general manager, Wang Xiaoqing's position changed.

On June 4, 2021, China Merchants Fund issued an announcement saying that Liu Hui will no longer serve as chairman of China Merchants Fund since June 5, 2021, and Wang Xiaoqing, then general manager of China Merchants Fund, is also the chairman of the China Merchants Fund. In this regard, China Merchants Fund stated that Wang Xiaoqing as the chairman of the company is not only conducive to maintaining the company's steady operation, continuing the company's strategic direction and strategic goals, but also helps China Merchants Fund to further strengthen strategic management, improve the company's management level and comprehensive management capabilities, and achieve long -term development Goals.

Taking equity asset management as the core

In recent years, the China Merchants Fund has developed rapidly. In addition to the fixed income field with traditional advantages, the scale of equity asset management has also increased.

Data show that as of the end of 2021, the total assets managed by China Merchants Fund exceeded 1.35 trillion yuan (including subsidiaries) and served more than 100 million customers. Among them, the scale of non -monetary fund fundraising funds of China Merchants Fund reached 548.345 billion yuan.

In terms of the construction of the investment and research system, China Merchants Fund established the investment and research values ​​of "duty, focus, and openness", set up an industrial chain group to promote in -depth research to transform investment into investment. In terms of products, China Merchants Fund has improved the layout of public fund products, and the first batch of innovative products such as science and technology and entrepreneurship 50, public offering MOM, and enhanced ETF will be released.

At the same time, China Merchants Fund has continuously introduced investment -research talents.

On August 6, 2021, Feng Fuzhang, former deputy general manager of the Anxin Securities Research Center, who was known as the "one brother" of the seller's military industry, joined the China Merchants Fund, and served as the company's research department.

At present, Feng Fuzhang manages two funds, namely the high -end equipment mixed and the issuance of the China Merchants core equipment hybrid funds.

Xu Yong, the new general manager of China Merchants Fund, said that in the past few years, China Merchants Fund has been based on transformation and upgrading, seizing the rare opportunities of the market, and achieving good results in investment performance and operating results. In the future, China Merchants Fund will insist on doing difficult and correct things in accordance with the company's established strategic direction and development goals, actively contribute to the value creation of customers, the strategic implementation of shareholders, and the company's long -term development goals.

Industry insiders said that in the environment of a new round of shuffling in the large -scale capital management industry, how fund companies are looking for their own positioning and establishing a core advantage. The introduction of insurance talents of China Merchants Fund may be one of the directions.

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