Changan Fund Announces New General Manager: 45-Year-Old Li Ye Takes the Helm as Sun Yewei Steps Down

Deep News
08/26

Changan Fund Management Co., Ltd. has finalized its leadership transition with the appointment of a new general manager, following the recent completion of a controlling stake change and the announcement of a new chairman. On August 26, the company released a statement confirming that Li Ye has been appointed as general manager, while the outgoing general manager, Sun Yewei, has departed due to work adjustments, with the change effective August 24, 2026. This marks the finalization of the core executive team under the newly elected board of directors.

According to public records, Li Ye, born in November 1980 and now 45 years old, holds a doctoral degree in management. His career includes serving as a director in the fixed income department at CITIC Securities, general manager of the asset management investment department, the asset management interbank department, and the asset management market department at Wanlian Securities, as well as chairman and general manager of Wanlian Securities Asset Management (Guangdong) and deputy head of the preparation group for Wanlian Fund.

A source from Changan Fund stated that this personnel change is a key arrangement aligned with the new governance framework following the shareholding restructuring. It is designed to optimize the corporate governance structure and refine the executive management system under market-oriented and professional principles, providing strong support for the company's high-quality and sustainable development. Work handovers are proceeding in an orderly manner, and overall operations remain stable and normal.

Prior to this, the company had already adjusted its chairman position. On August 14, Chen Zhuoquan assumed the role of chairman, succeeding Cui Xiaojian, who stepped down on August 13 due to the expiration of his term. Public information shows that Chen Zhuoquan, born in August 1983 and now 43 years old, holds a master's degree. He previously served as assistant general manager, deputy general manager (leading operations), and general manager of the information technology center at Wanlian Securities, and currently holds the position of chief information officer at the firm.

These leadership changes follow the formal completion of Changan Fund's controlling stake transfer. On August 8, the company announced that, with approval from the China Securities Regulatory Commission, shareholders Hangzhou Jinglin Jingchun Enterprise Management Partnership, Shanghai Hengjia Meilian Development, and Five-Star Holding Group had transferred their respective stakes of 25.93%, 24.44%, and 13.33% to Wanlian Securities. Following this transaction, Wanlian Securities has become the primary shareholder, with Guangzhou Financial Holding Group emerging as the actual controller.

The updated shareholding structure places Wanlian Securities as the largest shareholder with a 63.70% stake, followed by Changan International Trust at 29.63% and Ordnance Equipment Group Finance Company at 6.67%. According to the company's website, Changan Fund was established on September 5, 2011, with a registered capital of 270 million yuan. Headquartered in Shanghai, it operates a branch in Beijing and a subsidiary, Changan Wealth Asset Management, covering fund raising, fund sales, asset management, and other business permitted by the CSRC.

In terms of scale, Wind data shows that as of the end of the second quarter of 2026, Changan Fund's total assets under management reached 9.932 billion yuan, ranking 127th among 164 public fund companies (including broker-dealer asset management units with public fund licenses). Non-monetary fund assets stood at 8.656 billion yuan, with mixed, bond, and equity fund scales at 5.502 billion yuan, 3.137 billion yuan, and 18 million yuan, respectively.

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