Fifteen active equity fund managers have newly entered the 10 billion yuan rankings.

According to data from Fund Ranking Network, compared to the end of 2024, among the 84 fund managers managing over 10 billion yuan in active equity funds as of the end of Q2 2025, a total of 15 fund managers achieved breakthrough scale management exceeding 10 billion yuan this year (including new entries or re-entries).

Among these 15 fund managers in the 10 billion active equity club, multiple fund companies have more than one manager on the list. China Europe Asset Management leads with 3 fund managers: Lan Xiaokang, Wang Pei, and Yin Weichun. Both China Universal Asset Management and Yongying Fund Management have 2 managers each on the list. Additionally, Penghua Fund Management, E Fund Management, China Southern Asset Management, Fuguo Fund Management, and 4 other public fund institutions each have 1 manager on the list.

**Five Managers Show Over 100% Annual Growth Rate**

Data reveals that among the 15 active equity fund managers newly entering the 10 billion yuan rankings, Zhang Wei from China Universal Asset Management, Yan Siqian from Penghua Fund Management, and Lan Xiaokang from China Europe Asset Management rank in the top three by management scale, with assets under management of 16.764 billion yuan, 16.136 billion yuan, and 15.558 billion yuan respectively as of Q2 end. Two managers from Yongying Fund Management, Zhang Lu and Gao Nan, rank fourth and fifth respectively, both managing over 15 billion yuan.

Regarding tenure, among these 15 fund managers, the shortest tenure is nearly 4 years, while 4 managers have over 10 years of experience. The longest-serving managers are Guo Jie from E Fund Management, Liu Su from Invesco Great Wall Fund Management, and Wang Pei from China Europe Asset Management, all with 12 years of fund management experience. Additionally, Yang Dong from Fuguo Fund Management also has 10 years of tenure.

Notably, among the 15 active equity fund managers who broke through the 10 billion yuan threshold in 2025, 5 have achieved growth rates exceeding 100% year-to-date.

Specifically, Zhang Lu from Yongying Fund Management managed only 2.025 billion yuan at the end of 2024, but by the end of Q2 2025, her assets under management had grown to 15.413 billion yuan, representing a remarkable increase of 661.14%. The second-highest growth also comes from Yongying Fund Management, with manager Gao Nan increasing from 4.547 billion yuan at the end of 2024 to 15.326 billion yuan by Q2 2025 end, showing a 237.06% increase.

Furthermore, Yan Siqian from Penghua Fund Management, Chen Yunzhong from China Southern Asset Management, and Zhang Wei from China Universal Asset Management all achieved management scale growth exceeding 100%. Guo Jie from E Fund Management, Lan Xiaokang from China Europe Asset Management, and Wang Guizhong from Harvest Fund Management followed closely, with management scale increases all above 50%.

**Some Products Show Over 118% Returns in Six Months**

Looking at the performance of funds managed by managers with significant scale growth, Wind data shows that as of September 17, Zhang Lu from Yongying Fund Management oversees 4 funds, with 6-month and 1-year returns of 20.89% and 213.19% respectively. Her funds' major holdings include Zhejiang Rongtai Electric Material Co.,Ltd. (603119.SH), Ling Yun Industrial Corporation Limited (600480.SH), Shanghai Beite Technology Co.,Ltd. (603009.SH), Ningbo Zhenyu Technology Co.,Ltd. (300953.SZ), and Shuanglin Co.,Ltd. (300100.SZ).

Among these, Zhang Lu's largest fund by assets under management, Yongying Advanced Manufacturing Smart Selection, achieved 6-month and 1-year returns of 23.17% and 254.63% respectively.

As of September 17, Gao Nan from Yongying Fund Management recorded 6-month and 1-year returns of 45.89% and 88.13% respectively. His funds' major holdings include Zhongji Innolight Co.,Ltd. (300308.SZ), POP MART (09992.HK), Motomotion China Corporation (301061.SZ), Eoptolink Technology Inc.,Ltd. (300502.SZ), AKESO (09926.HK), and Zijin Mining Group Company Limited (601899.SH).

Among his managed funds, both Yongying Ruixin and Yongying Growth Navigator One-Year Hold achieved over 100% returns in the past year, with 6-month returns also exceeding 47%.