Yangtze River Securities Makes Major Move! Former Vice President Xiao Jian Takes Over as Chairman of 200 Billion Yuan Public Fund!

Another public fund welcomes a new leader.

On March 21, Changxin Fund Management Co., Ltd. (hereinafter referred to as “Changxin Fund”) announced the appointment of Xiao Jian as the new Chairman. The former Chairman, Liu Yuanrui, stepped down due to work adjustments but will continue to serve as a director of the company. The announcement stated that this adjustment is a normal personnel change.

In December last year, Changjiang Securities made a different appointment for then-Vice President Xiao Jian during the senior management reshuffle election. This appointment officially confirms his new role and responsibilities.

Sources close to the matter revealed that after Liu Yuanrui stepped down as Chairman of Changxin Fund, he will still oversee Changxin Fund and Changjiang Securities (Shanghai) Asset Management Co., Ltd., as President of Changjiang Securities.

Industry analysts believe this personnel adjustment is an important step for Changjiang Securities to strengthen its asset management strategic layout. Direct management of the asset management division by the President, along with dispatching an experienced senior executive familiar with Shanghai’s financial market to serve as the subsidiary’s Chairman, reflects Changjiang Securities’ emphasis on enhancing its asset management capabilities and its commitment to continued efforts in this field.

Veteran in the securities industry takes over as Chairman

Data shows that Changxin Fund was established in 2003, initiated by Changjiang Securities, Shanghai Haixin Group, and Wuhan Iron and Steel Co., Ltd., making it one of the earlier public fund managers in China.

Changxin Fund currently has five shareholders, with Changjiang Securities holding 44.55%, Shanghai Haixin Group holding 31.21%, Wuhan Iron and Steel Co., Ltd. holding 15.15%, and Shanghai Tongjun Investment Management Center (Limited Partnership) and Shanghai Tongseng Investment Management Center (Limited Partnership) serving as employee shareholding platforms, collectively holding 9.09%.

As a subsidiary of Changjiang Securities, Changxin Fund’s headquarters is located in Shanghai. The new Chairman, Xiao Jian, has extensive management experience in the securities industry and has worked in Shanghai for many years, with a deep understanding of the market environment in Shanghai and East China.

His background shows that Xiao Jian was born in 1973. He has served as accounting supervisor at Wuhan Antai Welding Pipe Co., Ltd., outbound representative for China Construction Bank’s Hubei branch’s securities business department in Shanghai, assistant general manager at Dapeng Securities’ Shanghai Jinling East Road branch, deputy general manager at Huaxia Securities’ Shanghai Wulian Road branch, and deputy general manager at Jinyuan Securities’ Shanghai Xuhong North Road branch. Xiao Jian joined Changjiang Securities in 2007, serving successively as general manager of the Shanghai Houchang Street securities branch and general manager of the Shanghai branch. Since February 2022, he has been Vice President of Changjiang Securities.

In December last year, during the management reshuffle election, Changjiang Securities made a different appointment for then-Vice President Xiao Jian. This new appointment confirms his new role and responsibilities.

Management scale approaching 200 billion yuan

As a professional asset management institution, Changxin Fund has long been committed to providing diversified and systematic asset management services for investors. Its business scope now covers public funds, private wealth management, and pension management.

Relying on a relatively complete research and product system, the company has gradually built a comprehensive investment capability covering equities, fixed income, and multi-asset strategies, forming a team with rich experience and clear division of labor. Currently, Changxin Fund’s product lineup includes stock funds, hybrid funds, bond funds, and money market funds.

In terms of management scale, Changxin Fund’s assets under management are close to 200 billion yuan. Data shows that by the end of 2025, the fund managed assets totaling 1,972.41 billion yuan.

Regarding product structure, fixed income products still dominate, with money market funds exceeding 100 billion yuan, and bond funds also at a high level, forming the core support of the company’s scale. Additionally, the company has investments in hybrid, equity, QDII, and FOF funds. As of now, the company manages a total of 90 funds.

In terms of research personnel, Changxin Fund currently has 32 fund managers, with an average of 2.81 funds per manager and an average management scale of 6.226 billion yuan, both above industry averages.

Proofreader: Su Huanwen