Huaxia fund management co., ltd was established on April 9, 1998. It is one of the first national fund management companies approved by China Securities Regulatory Commission. The company is headquartered in Beijing, with branches in Beijing, Shanghai, Nanjing, Hangzhou, Guangzhou, Shenzhen and Chengdu, and subsidiaries in Hong Kong. Based on professional and rigorous investment research, the company provides investors with high-quality investment and wealth management products and services.

business development

After years of bull market and bear market baptism, Huaxia Fund operates normally and steadily, and maintains a leading position in the fund industry with strong comprehensive strength. As of June 30th, 20 1 1 year, the accumulated dividends of its funds exceeded 72 1 billion yuan, and the number of fund share holders was160,000.

Business office area

Since the establishment of Huaxia Fund 13 years ago, its business has developed continuously and rapidly, and it has obtained all business licenses of the fund industry. Huaxia Fund is the first batch of national social security fund investment managers, the first batch of enterprise annuity fund investment managers, QDII fund managers, the first ETF fund manager in China and specific customer asset managers. It is one of the most extensive fund management companies.

Investment and research team

Huaxia Fund took the lead in putting forward the investment concept of "research creates value" in the industry, and formulated strict investment management processes and systems, with the aim of obtaining stable and reliable income through professional and rigorous investment. The investment and research team of Huaxia Fund has absorbed a large number of professionals at home and abroad, and has a high level of professional ethics, rich investment experience and outstanding research ability. The average working life of fund managers exceeds 10 years. While sharing team wisdom, all fund managers can give full play to their subjective initiative. The team as a whole is experienced and full of energy, and is independent and forward-looking in investment management.

Fund products

Huaxia Fund has established a complete fund product line, with 24 open-end funds and 2 closed-end funds, ranging from low-risk and low-return money market funds to high-risk and high-return stock funds, which can meet the needs of various risk-averse investors. The company also manages a number of national social security fund portfolios, and has been recognized as an annuity investment manager by more than 130 large and medium-sized enterprises, and as an asset manager of specific customers by many customers. The company is one of the fund management companies with the largest number and the most complete variety of funds managed in China. 1. The resignations of Wang Yawei and Fan Yonghong were rejected by the CSRC.

/kloc-On the evening of September, 2007, it was reported in the industry that Fan Yonghong, general manager of Huaxia Fund, and Wang Yawei, deputy general manager, both submitted resignation reports, but both of them were rejected by the CSRC.

In July this year, Wang Yawei submitted his resignation application to Huaxia Fund Management Company, and the CSRC rejected their resignation application on the grounds of "excessive social influence".

According to people familiar with the matter, Fan Yonghong has always been strong in China, and even wants to dominate the selection of receivers, which may lead to differences with future new shareholders.

Fan Yonghong has kept a low profile, basically not exposed in the media. However, at the Tianjin Davos Forum a few days ago, Fan Yonghong, an Huaxia Fund, took the initiative to talk about the remarks that private placement is a useful supplement to public offering. For a leading figure in Public Offering of Fund and an executive whose company's equity is in a critical period of change, this sentence implies a lot, which makes people think.

According to industry analysis, in the critical period of changes in equity, China, it is totally reasonable for Wang Yawei and Fan Yonghong to advance and retreat together.

The second is "paradigm collapse" and stock market rumors.

165438+1October 12, the Shanghai Composite Index hit 162, the biggest one-day drop this year, directly falling below the two barriers of 3 100 and 3,000. It is widely rumored that the central bank will raise interest rates again during the year, and the deposit reserve ratio will be greatly raised again; One of the most lethal rumors in the industry is the news that Public Offering of Fund, the general manager of a certain asset scale, has been "double-regulated". 1121On the evening of 2 October, Securities Market Weekly published a news entitled "Rumors of fund general manager being investigated caused the stock market to plummet". The article mentioned that "an insider revealed that at least two general managers in Public Offering of Fund were investigated by the Securities and Futures Commission, and a general manager in Public Offering of Fund, which ranked first in assets, was double-regulated, causing market panic and leading to a sharp drop that day". This news was later published on Caijing.com and spread quickly.

This rumor, which seems to have no internal logic, has aroused great concern in the industry. Many people in the securities and fund industries have inquired about the bosses of double-regulated fund companies. However, after some efforts, this figure was finally locked into Fan Yonghong, the general manager of Huaxia Fund, who imaginatively linked it with the recent crackdown on public offering and private placement by CSRC.

165438+1October16, the Shanghai Composite Index plunged again 100 points after a slight rebound in the previous trading day, falling below 2900 points. The news that Fan Yonghong was "double-regulated" in the market became more and more true, and people in the industry began to call this plunge a "paradigm plunge".

Third, after the crash: CITIC denied behind-the-scenes manipulation.

165438+1October19th, 2 1 Century Business Herald published "The Phantom of CITIC Securities Behind a Short Brother's 5-day plunge of 65438+billion". The manuscript pointed out that the stock index futures market benefited the most from the plunge in the previous week, and the report quoted CSI futures.

Since CITIC Securities is also the major shareholder of Huaxia Fund, since the beginning of the year, rumors about their different opinions on the equity transfer of Huaxia Fund have been reported in newspapers. Therefore, the manuscript of "2 1 Century Business Herald" is in line with the statement of Huaxia Fund, causing more speculation in the market.

A number of CITIC Securities executives said that there was absolutely no problem that CITIC Securities deliberately loosened and suppressed Huaxia Fund and disrupted the market. "I know this news from the Internet myself." An executive said. These executives all said that the scale of CITIC Securities' operation on stock index futures is not as large as that rumored by the outside world, and it is impossible to make a profit.

165438+1October 23rd, Fan Yonghong himself said he didn't know the source of the rumor and the reasons behind it.

4. The "rat-catching storm" of CSRC is somewhat exaggerated.

The regulatory panic triggered by the industry leader Fan Yonghong is still spreading in the industry. "Although we don't hold Huaxia funds, we are also very concerned about development." The person in charge of fund investment of a small fund company said: "If something really happens, it may indicate that there are systemic problems and risks in China's fund industry, and we will consider adjusting asset allocation."

Earlier, Huaxia Fund said that some holders had chosen to redeem Huaxia Fund before Fan Yonghong's rumors were positively clarified.

In troubled times, Fan Yonghong, who chose to go out for exercise, would not have thought that the best proof of his innocence among institutional investors after 12 years was not from the public clarification of the company and the public exposure of the operation, but from the support of China Life Assets, one of the largest holders of Huaxia Fund and possibly one of the largest holders of public offerings in the fund industry.

"Although we got the news that Fan Yonghong was investigated very early, after communicating with Huaxia Fund and other parties, we think Fan Yonghong has no problem." 165438+1On October 24th, an insider of China Life Assets said, but he refused to disclose the conclusion basis of China Life Assets.

After hearing about the endorsement of China Life's assets, other institutions were slightly relieved: "Huaxia Fund dare not cheat China Life. If China Life thinks there is nothing, then there is nothing. " The person in charge of fund investment of a life insurance asset management company finally breathed a sigh of relief.

Verb (abbreviation for verb) bid farewell to China.

Fan Yonghong has always been called the "godfather" of the fund industry. After formally bidding farewell to Huaxia Fund, which he founded in June this year, Fan Yonghong once told this newspaper that he wanted to take a break.

20 12 in may, Fan Yonghong officially resigned as the general manager of Huaxia fund and "retired to the second line". At the same time, Wang Yawei, the former star fund manager of Huaxia Fund, also announced his resignation, and then set up his own private fund management company. On June 20 13, Fan Yonghong ceased to be the vice chairman of Huaxia Fund and formally bid farewell to Huaxia Fund.

According to the data, Fan Yonghong has more than 25 years of experience in the securities industry. He once worked in the head office of China Construction Bank (60 1939, Share Bar), and served as the general manager of Beijing Dongsi Business Department of Huaxia Securities Co., Ltd., the assistant to the president of Huaxia Securities Co., Ltd., the business director of North China, the party secretary, general manager and vice chairman of Huaxia Fund, and the president of China Securities Association.

Fan Yonghong's legendary experience began in Beijing Dongsi Sales Department of Huaxia Securities. 1993, Huaxia Securities Beijing Dongsi Business Department was in crisis, and Fan Yonghong, who joined Huaxia Securities for only one year, was appointed as the general manager of the business department. Soon, under his leadership, the Dongsi Business Department of Huaxia Securities came out of the crisis and began to enter a rising period.

1997, Fan Yonghong was appointed to set up Huaxia Fund, which lasted 15 years. Under his leadership, the asset management scale of Huaxia Fund ranks first in the industry in recent years, and a large number of star fund managers such as Wang Yawei, Kong Fai, shi bo and Sun Jiandong have also been trained.

In particular, Fan Yonghong's "eye-catching" excavation of Wang Yawei has been talked about by the industry. Fan Yonghong mentioned in the book Evergreen Fund that when Wang Yawei was still the general manager of the former Dongsi Sales Department on 1995, he was a "treasure" that he never fished from his resume that did not meet the standards of Huaxia Securities Headquarters, and eventually became the most legendary star fund manager in the domestic public offering industry.

As the benchmark of public offering in the fund industry, Fan Yonghong's departure from Huaxia Fund is called the end of an era.

Sixth, the godfather's next stop

On June 20 13, Fan Yonghong officially resigned as the vice chairman of Huaxia Fund, which was an obvious transitional role after he resigned as the general manager last year. Later, he also resigned as the Hong Kong branch of Huaxia Fund, and only retained the post of Party Secretary of Huaxia Fund. Its presence in this company has basically faded in the past fifteen years.

After stepping down as general manager of Huaxia Fund, Fan Yonghong kept a relatively low profile. During this period, the launch of his new book Fund Evergreen Tree can be regarded as a summary of his public offering career.

Sources learned from China Life and Huaxia Fund that Fan Yonghong's new position will be the chief investment officer of China Life Assets, which also requires the qualification of the China Insurance Regulatory Commission. Some people in the fund industry also said that Fan Yonghong's new position may be in China Life Insurance Group. Whether in the group or in China Life Assets, his level is decided by the Party Committee of China Life Insurance Group.

In this regard, Fan Yonghong's reply is simple and cautious: it has not yet been determined.

Seven. changqing fund

In 20 13, Fan Yonghong's Evergreen Fund was finally published, and Wu Xiaoling, deputy director of NPC Financial and Economic Committee, and Lou Jiwei, Minister of Finance, personally prefaced the book. This book is not only a summary of Fan Yonghong's fund career, but also a reflection and precipitation on the development of China's public offering. The book focuses on major investment events in the fund industry, from 1997 Asian financial crisis, the bursting of the Internet bubble in the United States in 2000, the bull market in 2006-2007 and the global financial crisis in 2008 to today's 15. It outlines the major investment process of fund managers, summarizes successful investment experiences and lessons from failure, and is also beneficial to/kloc-0. In the book, the author deeply discusses how to cultivate excellent fund managers, how to maintain long-term sustainable performance of fund managers, how to make investors invest correctly, and how to make their fund industry last forever, and deeply reflects on many traditional "irrefutable" investment ideas and puts forward original opinions.

Evergreen Fund is the first book in China that summarizes the investment history of fund managers and the development history of fund industry, and fills the blank of domestic fund managers' investment books. Many real investment cases and summarized investment ideas described in the book are of great reference significance for investors and fund managers to deepen their understanding of the stock market and how to invest.

Honors won:

In March 2005, the company won the "Best Product Innovation Award in China in 2004" selected by Asset Management in Asia.

In May, 2005, the company was named "Best Fund Company in China" by Asian Investor magazine.

In 2006, the company won the "Comprehensive Strength Award of China Fund Management Company" and "China Fund Product Innovation Award" selected by 2 1 Century Business Herald. In the selection activity sponsored by shanghai securities news and supported by experts from American Morningstar Company, it was awarded as "the best fund management company in China" for two consecutive years.

In June 2007, 5438+ 10, won the "2006 China Outstanding Leader Award" selected by Hexun.com;

In June 2007, he was awarded the "Ten-year Outstanding Contribution Award of China Fund Industry" by China Securities Research and Design Center and Securities Market Weekly.

In 2009, he was awarded the title of "President of the most respected fund company in China".

20 12 On May 8th, Fan Yonghong, the general manager of Huaxia Fund, officially resigned from the position of general manager at the board meeting held that day, but still served as the vice chairman of Huaxia Fund.

20 12 On June 6th, China Asset Management Association held a presidium meeting and a general meeting. After the election, Sun Jie, the leader of the preparatory group of the association, was elected as the president of the association, Fan Yonghong, vice chairman of Huaxia Fund, was elected as the part-time vice president of the association, and Gao Liangyu, general manager of southern fund, was elected as the supervisor.