Everbright Fund Chairman Change: Liu Yuanrui Steps Down, Xiao Jian, Vice President of Yangtze River Securities, Takes Over (Employee Stock Ownership List Attached)

Changxin Fund Employee Shareholding List

Source: Xiao Ji Manpao

On March 21, Changxin Fund announced that former Chairman Liu Yuanrui resigned due to personnel adjustments, and Xiao Jian, former Vice President of Changjiang Securities, took over as Chairman.

The new Chairman Xiao Jian has many years of management experience in the securities industry. He joined Changjiang Securities in 2007 and has served as General Manager of the Shanghai Branch and Vice President of the company. He has accumulated extensive industry resources in the Shanghai financial market.

According to insiders, after Liu Yuanrui stepped down, he will still oversee Changxin Fund and Changjiang Asset Management as President, forming a management structure of “direct management by the President + veteran leadership.” This arrangement will help integrate group resources, promote Changxin Fund to enhance its equity investment capabilities based on its fixed income advantages, and optimize product structure.

Fans commented that Changxin Fund is actually quite good, especially because of its employee shareholding.

Changxin Fund currently has five shareholders, two of which are employee shareholding platforms—Shanghai Tongjun Investment Management Center (Limited Partnership) and Shanghai Tongseng Investment Management Center (Limited Partnership)—holding a total of 9.09%.

Below is the specific list. If you know them, hurry up and invite them for a meal.

Core Management: Qin Bo (General Manager), Shao Yanming (Deputy General Manager), and Zhou Yonggang (Former Inspector General) collectively hold shares worth over 12.5 million yuan, forming the core interest linkage of the management team.

Research and Investment Leaders: Equity Investment Director Ye Song, Quantitative Investment Director Zuo Jinbao, Fixed Income Investment Center General Manager Li Jiachun, and Research Director Gao Yuan collectively hold shares worth over 8 million yuan, covering the company’s main investment lines.

Employee Shareholding: A key measure to retain core talent

As one of the earlier domestic public fund managers, Changxin Fund was established on May 9, 2003, with a registered capital of 165 million yuan. In the increasingly competitive public fund industry, talent is the core competitiveness of fund companies.

Overall, the ROE remains quite good.

By establishing an employee shareholding platform, aligning the interests of core employees with the company’s long-term development has become a common and effective incentive mechanism in the industry. This arrangement helps stabilize the investment research team, stimulates employee enthusiasm, and ultimately benefits fund holders.

By the end of 2025, Changxin Fund’s assets under management will reach 197.241 billion yuan, approaching the 200 billion yuan mark. It manages 90 funds, with 32 fund managers, and an average management scale of 6.226 billion yuan per person, higher than the industry average.