Six Executives Exit Five Chinese Mutual Fund Firms on July 1-2

Six senior executives left five Chinese mutual fund companies on July 1-2, including Baoying Fund, Ping An Fund, Pengyang Fund, Huafu Fund and Ruida Fund, according to Jiemian News. Baoying Fund said its general manager Yang Kai resigned for personal reasons on July 1 and vice general manager Ge Junjie was promoted to general manager; Zou Chunyu stepped down as vice general manager due to work needs but remains party secretary and a director. Wind data show Baoying’s public fund AUM was 69.664 billion yuan as of end-1Q 2026, down from 79.292 billion yuan at end-3Q 2024. Ping An Fund said vice general manager Lin Wanwen retired on July 2 and the company’s general manager will concurrently serve as CFO. Huafu Fund said vice general manager Yin Peijun resigned for personal reasons, effective June 30, 2026; he still manages seven bond funds with 9.007 billion yuan in AUM as of end-1Q 2026. Pengyang Fund said vice general manager Zhu Guoqing left due to a change in responsibilities; one of his funds, Pengyang Jingtai Growth, has returned 46.3% since he took over in December 2024. Ruida Fund said general manager Cai Yankun resigned for personal reasons and chairman Xu Zhimou will act as general manager; Wind data show Ruida’s public fund AUM was 103 million yuan as of end-1Q 2026.