In mid-April, the veteran public fund house Wanjia Fund officially announced a leadership transition. Former Chairman Fang Yitian stepped down after completing his successful tenure. Long-serving executives Chen Guangyi and Mo Haibo were appointed as the new Chairman and General Manager, respectively, forming a new core leadership team.
The appointment of star fund manager Mo Haibo as General Manager has drawn significant external attention, with high expectations for Wanjia Fund's future direction and investment performance under the new leadership.
On April 17, Wanjia Fund announced changes to its senior management. Former Chairman Fang Yitian resigned for personal reasons. The company's statement highly praised Fang's contributions, noting his significant role in strategic development, talent cultivation, governance improvement, and stable operations.
Following Fang's departure, former General Manager Chen Guangyi assumed the role of Chairman. Concurrently, former Deputy General Manager Mo Haibo was promoted to General Manager. Both transitions were described as part of a "work arrangement," indicating a smooth internal succession that reflects the board's confidence in the existing management team.
The new Chairman, Chen Guangyi, previously worked at Xingquan Global Fund's operations department before joining Wanjia Fund in March 2005, accumulating over 20 years of experience at the company. His career path spans key middle and back-office functions, including roles as Deputy Head of Operations, Head of Fund Operations, Head of Trading, Assistant General Manager, Chief Information Officer, and ultimately General Manager in 2021.
New General Manager Mo Haibo has also been with Wanjia for over a decade. His background includes positions as an analyst in the asset management department of Fortune Securities and as a researcher and investment manager in the securities investment department of BOC International (China). He joined Wanjia Fund in March 2015 and became a fund manager that May. Mo is recognized for his outstanding investment performance and has served as Head of Investment Research, Assistant General Manager, and was promoted to Deputy General Manager in August 2022 due to his strong track record.
With this appointment, Mo Haibo becomes one of the rare public fund general managers who also oversees an active fund portfolio exceeding ten billion yuan.
Historically, few public fund general managers have risen from the ranks of fund managers, but such appointments have often led to notable institutional success. Prominent examples include Chen Ge of Fullgoal Fund, Zhang Hui of China Universal Fund, and Wu Xinrong of E Fund Management. More recent appointments, such as Gao Yang at Tianhong Fund and Chen Jinquan at Xingquan Fund, have also yielded positive outcomes.
The market is watching closely to see if Wanjia Fund, under Mo Haibo's leadership, can replicate its past success. During Fang Yitian's tenure, the company's scale grew more than twentyfold. According to Wind data, Wanjia Fund's non-monetary scale reached approximately 147.9 billion yuan by the end of 2025.
Mo Haibo's challenges extend beyond maintaining scale to optimizing the product structure. The public fund industry has entered a phase of growth transition in recent years. The development space for low-risk fixed-income products, which long supported the industry, is narrowing. Meanwhile, their equity product successors are inherently more volatile.
Crafting a rational growth strategy for the future will test the new management's strategic vision and execution capabilities. Against a backdrop of intensifying competition, many institutions and investors are keenly observing the performance of Wanjia's new leadership duo, "Chen-Mo."