Xingzheng Global Fund Personnel Changes: General Manager Steps Down as Finance Officer, Well-Known Fund Manager Ren Xiangdong Gets New Partner

On March 20, China Securities Global Fund announced a senior management change. The company’s General Manager, Chen Jinquan, stepped down from his role as Chief Financial Officer, and Ma Yajing took over, effective March 19, 2026. The day before, two products managed by Ren Xiangdong—Xingquan He Tai Hybrid and Xingquan He Heng Three-Year Holding—appointed Zhang Chuanjie and Xie Shuying as fund managers, respectively. A series of personnel adjustments have sparked market attention to this veteran public fund research system and the company’s new governance directions.

General Manager Steps Down as CFO: Veteran from Shareholders’ Side, Ma Yajing, Takes Over

The announcement shows that the new CFO, Ma Yajing, has a background in customs and securities. She previously worked for Fuzhou Customs and Shanghai Customs, holding key positions in finance and budget management. She later joined Industrial Securities, serving as Deputy General Manager of Planning and Finance, Deputy General Manager of Accounting, and General Manager. In February 2026, Ma Yajing joined China Securities Global Fund and is now Director of the company’s Planning and Finance Department. Her appointment as CFO signifies her entry into the company’s senior management team.

The change of CFO from Chen Jinquan, who previously served as General Manager since June 2024 and was responsible for the company’s investment research system, is part of an organizational optimization of senior management functions.

Industry insiders believe that appointing Ma Yajing, with extensive financial management experience and from the major shareholder Industrial Securities system, may help strengthen the company’s financial management professionalism and shareholder collaboration.

Ren Xiangdong, a Well-Known Fund Manager, Appointed as Assistant—Is the “Dongli Model” Being Replicated?

On March 18, China Securities Global Fund announced the addition of fund managers to two products managed by Ren Xiangdong. Specifically, Zhang Chuanjie was appointed to Xingquan He Tai Hybrid, and Xie Shuying to Xingquan He Heng Three-Year Holding. Ren Xiangdong is a renowned fund manager in the industry. Since joining China Securities Global Fund in 2019, he has focused on technology growth sectors, managing funds with high market attention.

Ren Xiangdong holds a master’s degree in finance. He previously worked as an researcher and fund manager at Bank of Communications Schroder Fund, and as Head of Equity Investment at Golden Eagle Fund. Since joining in 2019, he has been focused on tech growth, currently serving as Deputy Director of the Fund Management Department and International Business Department. His managed funds, Xingquan He Tai and Xingquan He Heng, are highly regarded in the market.

He has 9.85 years of investment management experience, managing two products with a total scale of 8.391 billion yuan. As of March 19, his total return since inception is 217.8%, significantly outperforming the CSI 300 index over the same period.

Product details: Xingquan He Tai A has a scale of 4.893 billion yuan, with a return of 64.80%, ranking 410th out of 782; Xingquan He Heng Three-Year Holding A has a scale of 3.498 billion yuan, with a return of -3.10%, ranking 1169th out of 2518.

Looking at the background of the new fund managers, Xie Shuying has over 11 years of investment experience, having worked as an analyst at Beijing Goldman Sachs Gao Hua Securities, a researcher at Penghua Fund, and a fund manager. She joined China Securities Global in January 2022 and is now a fund manager. Zhang Chuanjie previously worked as an analyst at Yongjin Asset Management and senior analyst at Zhonggeng Fund, joining China Securities Global in January 2023, serving as an industry researcher and assistant fund manager.

Past performance of Xie Shuying’s managed products

The industry has previously seen a “co-managed appointment followed by a smooth exit” model. In 2025, Zhonggeng Fund also experienced a similar process. The recent addition of fund managers to Ren Xiangdong’s products has sparked speculation about whether the “Dongli Model” will be replicated. However, the company’s future arrangements remain uncertain until official announcements are made.

Further Deepening of the Investment Research Platform: Can the 700 Billion Public Fund Continue to “Seek Stability and Progress”?

China Securities Global Fund Management Co., Ltd. (formerly Xingquan Fund) was established on September 30, 2003. Industrial Securities holds 51% of the registered capital, and Global Life Insurance International holds 49%. As of December 2025, assets under management totaled 749.057 billion yuan, with non-monetary assets of 303.25 billion yuan, ranking 20th among 164 licensed public fund companies.

Known for its steady investment style and long-term performance, China Securities Global Fund is one of the few fund companies that have focused solely on equities without issuing bond funds for many years. Recently, the company has expanded its product line to include fixed income, “Fixed Income +”, and pension FOFs. Last year, it launched its first ETF product.

The recent management and fund manager adjustments, including the CFO change, are expected to enhance financial management professionalism; the addition of assistants to renowned fund managers can inject new vitality into product management, build talent pipelines for research and investment, and help mitigate the impact of fund manager departures. We will continue to monitor the company’s official announcements for further updates.

Note: The above data sources include Wind and fund announcements. AI-assisted completion. Funds carry risks; investment should be cautious!