China Universal Fund announced a leadership transition on July 14, with Lu Weiming succeeding Li Wen as Chairman following board reelection. Li Wen will continue serving in other capacities within the company.
The appointment took effect July 14, marking the conclusion of Li Wen's tenure. The fund management company acknowledged Li's "dedicated service and significant contributions to corporate culture development and long-term stable growth" during his leadership.
Lu Weiming brings extensive financial sector experience, having spent nearly three decades at Orient Securities. His career trajectory includes: - Initial roles at China Guotai Securities (1994-1998) - Progressive leadership positions at Orient Securities (1998-2022) across trading, fixed income, and derivatives divisions - Presidency of Orient Securities (2022-2024) - Vice Chairman role since December 2024
Lu assumed the position of Party Committee Secretary at China Universal Fund in January 2025. Established in 2005, China Universal operates as a securities-affiliated public fund with Orient Securities holding a controlling 35.412% stake as primary shareholder.
Industry data reveals China Universal managed approximately 913.1 billion yuan ($125.7 billion) in assets as of July 15, ranking tenth among domestic fund managers.
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