Huatai Bairui general manager steps down, mutual fund industry executives enter a period of intensive turnover.

Huatai Bairui Fund announced today a change in senior management, stating that due to work adjustments, Han Yong will no longer serve as the general manager. During the vacancy of the general manager, Chairman Jia Bo will temporarily perform the duties of the general manager. With veteran mutual fund managers gradually reaching retirement age, the industry will also usher in a moment of succession between the old and the new. In recent times, senior executives from various fund companies such as Wuxian Ling, Chairman of Guohai Franklin Fund, Wuyue, Deputy General Manager and Chief Information Officer of Pioneer Fund, Sun Shuming, Chairman of Guangfa Fund, Ruan Hong, Chairman of China Merchants Schroder Fund, Wang Cheng, General Manager of Guolian'an Fund, and Yang Cangbing, Chairman of Haifutong Fund have successively retired due to age. Han Yong has served as the general manager for over 13 years.