Mo Haibo's "Upgrade Exam Question": How to safeguard the 147.9 billion "kingdom," and create the next golden decade for Wanjia?

```

In mid-April, the veteran public fund manager Wan Jia Fund officially announced the "executive succession."

Former Chairman Fang Yitian "retired with honor," while longtime top executives Chen Guangyi and Mo Haibo, who have served the company for years, respectively took up the roles of Chairman and General Manager, forming a new core leadership team.

Especially, the star fund manager Mo Haibo officially assumed the post of General Manager of the company, which attracted much attention from the outside world. The future direction and investment performance of Wan Jia Fund are highly anticipated.

Official Announcement

On April 17, Wan Jia Fund announced changes to its core management team.

Former Chairman Fang Yitian formally resigned due to personal reasons. Wan Jia Fund highly praised Fang Yitian’s contributions in the announcement, stating that Fang Yitian made significant contributions to the company’s strategic development, talent cultivation, governance improvement, and stable operations, and the company offered sincere respect and heartfelt thanks.

After Fang Yitian stepped down, the responsibility of Chairman was taken over by former General Manager Chen Guangyi; meanwhile, former Deputy General Manager Mo Haibo took up the baton as General Manager. Both underwent position changes due to "work arrangements."

Objectively, the internal promotion arrangements are beneficial for Wan Jia Fund’s smooth transition and also indirectly reflect the Board’s recognition of the previous management team.

Operations Head Partners Investment Veteran

The new Chairman, Chen Guangyi, previously worked in the Operations Support Department of Xingzheng Global Fund. He joined Wan Jia Fund in March 2005 and has worked at the company for over 20 years.

From Deputy Director of the Operations Support Department, Director of the Fund Operations Department, Director of the Trading Department, Assistant to the General Manager, Chief Information Officer, to promotion to General Manager in 2021, Chen Guangyi’s resume has covered nearly all core systems of a fund company’s back office operations.

The new General Manager, Mo Haibo, has also worked at the company for more than a decade. His resume shows that Mo Haibo was previously an analyst in the Asset Management Department of Caifu Securities Co., Ltd., a researcher and investment manager in the Securities Investment Department of Bank of China International Securities Co., Ltd., etc. He joined Wan Jia Fund in March 2015 and became a fund manager in May of that year.

Mo Haibo’s investment performance at Wan Jia Fund is outstanding and he is one of the company’s leading fund managers. He has served as Director of the Investment Research Department, Assistant to the General Manager, and, based on his achievements, was promoted to Deputy General Manager in August 2022.

After becoming General Manager, Mo Haibo is also a rare case in the industry of a public fund institution General Manager managing over 10 billion RMB in assets.

Can They Repeat Past Success?

General Managers who come from fund manager backgrounds are rare in the history of public funds, but when they do appear, they often lead organizations to outstanding results. Well-known cases include Fuguo Fund General Manager Chen Ge, Huitianfu Fund General Manager Zhang Hui, and Yifangda Fund General Manager Wu Xinrong.

Recently, Tianhong Fund appointed Gao Yang and Xingquan Fund appointed Chen Jinquan as General Managers, both showing good outcomes.

This time, Wan Jia Fund’s appointment of Mo Haibo has attracted much attention regarding its potential effects. After all, under Fang Yitian, Wan Jia's successful scale grew more than 20 times. Wind data shows that as of the end of 2025, Wan Jia Fund's non-monetary scale is about 147.9 billion RMB.

Challenge and Opportunity Coexist

Mo Haibo faces challenges not only in scale, but also in product structure.

Public funds have entered a growth transition period in the past two years. The low-risk fixed-income products that supported the industry for a decade or more are finding their development space increasingly tight. However, the equity products that are taking over involve much greater volatility.

How to set a rational growth curve for the future is an extraordinary test of the management team’s strategic capability and execution skill.

Against a backdrop of increasingly fierce competition, many institutions and investors will surely pay attention to the subsequent performance of Wan Jia Fund’s new "Chen-Mo combination."

Risk Warning and DisclaimerThe market has risks; investment needs caution. This article does not constitute personal investment advice, nor does it consider the specific investment objectives, financial situation, or needs of individual users. Users should consider whether any opinions, perspectives, or conclusions in this article suit their particular circumstances. Invest accordingly at your own risk. ```