Publicly offered funds make a push for leadership changes in the Year of the Snake, with Beijing-based state-owned public funds launching general manager recruitment.

Publicly offered funds make a push for leadership changes in the Year of the Snake, with Beijing-based state-owned public funds launching general manager recruitment.

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The wave of leadership changes in public mutual funds continues.

Recently, Beijing State-owned Capital Operation Management Co., Ltd., the controlling shareholder of Jingguan Taifu Fund, published a job posting on the “Jingqi Direct Recruitment” WeChat public account, publicly recruiting one General Manager for Jingguan Taifu Fund.

This General Manager recruitment not only sets basic qualification requirements, but also details many specific conditions for the candidate’s capabilities, such as “experience managing complete bull and bear market cycles.” The latter quite closely matches the development needs of Jingguan Taifu Fund.

Jingguan Taifu does not set exceptionally high qualifications for General Manager candidates. For example, basic requirements include being a member of the Communist Party of China, having a master's degree or above, and more than 10 years of relevant work experience in securities, funds, finance, etc.

Additionally, applicants must have fund industry qualifications, have passed the legal knowledge exam for senior management in securities investment organized by the CSRC or its authorized institution. They must not have circumstances defined by the Company Law, Securities Investment Fund Law, etc., which prevent them from serving as directors, supervisors, senior management personnel and fund practitioners in securities fund management institutions, and must have no relevant administrative penalties in the past three years.

Experience managing complete bull and bear market cycles

However, Jingguan Taifu sets numerous ability requirements for the General Manager position, such as:

Applicants must have excellent historical performance, outstanding corporate governance abilities, and rich risk control and compliance experience,

Applicants must have deep understanding and forward-looking insights into the public fund industry, as well as experience managing complete bull and bear market cycles;

The candidate must be familiar with laws and regulations on securities funds,

The candidate must have more than 5 years of senior management experience in public funds, securities companies, asset management companies and other financial institutions.

Responsibility for company scale, revenue, profit, and asset value preservation and appreciation

Furthermore, after the new General Manager takes office, their main responsibilities are many and detailed. From the description, the requirements for this position are strict, for example:

Implement strategic plans set by the group and company shareholders’ meeting and board of directors, and formulate mid-to-long-term development and annual business plans, responsible for company asset size, revenue and profit, goals for state-owned asset preservation and appreciation.

Oversee research, application, issuance and ongoing management of public fund products, optimize layout for equity, fixed income, mixed and other product lines, expand institutional and individual client markets;

Implement public fund industry regulatory requirements and state-owned enterprise compliance management regulation, build and improve risk prevention and control system, take the lead in interfacing with CSRC, fund industry associations and other regulatory agencies, to ensure compliant company operations;

In charge of the company’s core management team and professional teams for investment research, marketing, operations, etc., set up talent training and incentive mechanisms, improve team professionalism and cohesion;

Maintain communication and cooperation with group headquarters and shareholder units, build sales channels and partnerships with banks, securities firms, etc., and properly handle investor relations.

No breakthrough in historical business

It is noteworthy that, until early 2026, Jingguan Taifu Fund’s operations still linger at relatively low levels. Although the company has been operating for over 12 years, as of the fourth quarter 2025, the company’s managed scale is only 14.379 billion yuan, with only 7 public funds (main codes only).

The current General Manager Zhu Yu has served for many years at Jingguan Taifu Fund, holding the General Manager position for over 6 years. She joined the then Guokai Taifu Fund in 2016, and became Deputy General Manager on September 26 the same year. On August 1, 2019, she was promoted to General Manager.

Yet, under Zhu Yu’s tenure, Jingguan Taifu Fund experienced a twisty “transformation” from Guokai Taifu to Jingguan Taifu, but still did not achieve a breakthrough. Now, the baton of this challenge will be handed over to the next General Manager.

Risk Warning and DisclaimerThe market has risks, investment requires caution. This article does not constitute personal investment advice, nor does it take into account individual users’ specific investment goals, financial status or needs. Users should consider whether the opinions, views or conclusions in this article suit their own circumstances. Investing based on this is at your own risk. ```