Eight years ago, when the Shanghai stock index exceeded 6,000 points, Yang Dong, general manager of Industrial Global Fund, who called for the Christian Redemption Fund, became bearish again after eight years. After the stock market reached 4,414 points, Yang Dong's bearish view was very clear.

In 2007, when the A-share market reached a high of 6,000 points, this "personalized CEO" wrote an open letter to "persuad" fund holders to redeem their stock funds.

Previously, because there were few short-selling tools in the Chinese stock market, public funds could only passively be long A-shares, and the fund size was usually directly linked to the management evaluation of the fund company. Fund companies tended to favor short-term scale rather than the interests of the people, and went long A-shares.

Stocks and attracting investors to buy funds have become the main theme of public fund companies.

Yang Dong is the first and so far the only general manager of a public fund in China who dares to give up the company's short-term interests and persuade citizens to redeem.