On January 9, China Merchants Securities Asset Management Co., Ltd. (hereinafter referred to as “China Merchants Asset Management”) issued an announcement stating that Li Quansheng resigned from the position of deputy general manager due to personal reasons on January 7. At the same time, the company appointed Zhang Shaohua as assistant general manager. Resume information shows that Zhang Shaohua once served as deputy general manager of the asset management sector of Bank of China International Securities Co., Ltd. and deputy general manager of Shenwan Lingxin Fund Management Co., Ltd.

In 2024, China Merchants Asset Management executives will undergo frequent changes. In July 2024, the company’s general manager Yang Yang resigned due to work adjustments, and Yi Weidong took over as general manager. In December, the company’s vice chairman Xiong Zhigang resigned due to job transfer.

Data from Tiantian Fund Network shows that as of the end of the third quarter of 2024, the net assets of China Merchants Asset Management public funds were 40.269 billion yuan. Among them, the scale of monetary funds is 39.789 billion yuan, the scale of hybrid funds is 151 million yuan, and the scale of bond funds is 339 million yuan.

Among the hybrid funds under China Merchants Asset Management, the Zhiyuan Growth Flexible Allocation Hybrid Fund has the lowest unit net value.

Zhiyuan Growth Flexible Allocation Hybrid Fund was established in October 2020. As of January 8, 2025, the net return rate of the fund since its establishment was -63.46%, and the net return rate in the past three years was -57.70%.

The announcement shows that as of the end of the fourth quarter of 2020, the net asset value of Zhiyuan Growth Flexible Allocation A was approximately 834 million yuan, and the net asset value of Zhiyuan Growth Flexible Allocation C was approximately 278 million yuan. By the end of the third quarter of 2024, the net asset value of Zhiyuan Growth Flexible Allocation A is approximately 74 million yuan, and the net asset value of Zhiyuan Growth Flexible Allocation C is approximately 19 million yuan.

As of the end of the third quarter of 2024, the proportion of stocks held by Zhiyuan Growth Flexible Allocation Hybrid Fund was 62.35%. The top ten holding stocks are Kweichow Moutai, Industrial Fii, Runben Shares, Sungrow, Haier Smart Home, Xinyi Sheng Sheng, Bank of Jiangsu, Oriental Fortune, Zijin Mining, East China Medicine, etc.