Change of Coach of China Southern Asset Management: Challenges and Opportunities under the Replacement of the Old and the New
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In this ever-changing financial market, the change of senior management of China Southern Asset Management seems to be a silent storm, and the announcement on September 20 is like a pebble thrown into a calm lake, which instantly triggers a circle of ripples, marking a major moment of the replacement of the old and the new. We might as well delve into it, whether you are a novice investor or a market veteran, you will have a different understanding and view of this change
Founded in 1998, China Southern Asset Management, as one of the earliest fund management companies approved by the China Securities Regulatory Commission in China, has had ups and downs along the way, but at present, the industry competition is becoming increasingly fierce, the market demand is diversified, and the external environment is constantly changing, which has brought great pressure to the future development of China Southern Asset Management
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The appointment of new general manager Yang Xiaosong, secretary of the board of directors Yu Wenhong and other senior executives marks the beginning of a new strategy
From 2003 to 2005, it was almost the top of the industry, but with the reshuffle of the market, the defects of over-reliance on fixed income products and lack of innovation were gradually revealed, and the market's expectations for the Southern Fund were getting higher and higher, but the actual performance was not satisfactory, especially in the active equity funds, the performance of the Southern Fund can be said to be unsatisfactory
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Today, China Southern Asset Management has been among the forefront of the industry, but it is still under the pressure of "good performance", how can we break the shackles that have been sluggish on our bodies and rise again?
With the frequent changes of senior executives in the public fund industry in recent years, there has been no shortage of cases in the market to adjust the top management for the sake of new changes, although China Southern Asset Management is a time-honored brand, but every senior management adjustment is like a booster, so that the market can rekindle hope, as a response to the trend of executive mobility of other companies, the senior management changes of China Southern Asset Management this time are eye-catching
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The new deputy general managers, such as Chen Li, Hou Lipeng, Mao Wei, etc., are veterans within the company, they have accumulated rich experience in their respective fields, and can have a positive impact on the company's future development to a certain extent
Although the asset management scale has reached 124 trillion yuan, the active equity fund is only 1,057.1 billion yuan, which has become a hurdle for the expansion of the Southern Fund.
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The rise of Internet finance and private banks has brought unprecedented challenges to traditional fund companies. Do frequent executive changes lead to a lack of clarity in strategic direction? Will the initial reforms really be transformative? These questions are echoing in the minds of consumers
Looking back on the past of China Southern Asset Management, it is reminiscent of those glorious years, which laid the cornerstone for the development of the domestic fund industry, and with the great changes in the market environment, the choice of China Southern Asset Management seems to have become different, whether it can meet the market demand, strengthen investment and research capacity building and product innovation, has become an important proposition whether China Southern Asset Management can get out of the predicament
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In the process of breaking through, China Southern Asset Management needs to be faster, more agile and more strategic, and in this process, the pressure on the shoulders of the new deputy general managers is self-evident, and they also have the opportunity to give it a go and break the limitations with new thinking in their new positions
The ability to achieve effective transformation and risk control is the key to the re-emergence of China Southern Fund, so the future development path of China Southern Asset Management is eye-catching
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As investors, we look forward to the changes brought about by all this, and are eager to see the rebirth of China Southern Asset Management in the dynamic and relive the glory of the past, hoping that China Southern Asset Management can go all out to embark on a new journey at this critical historical moment