Longxin Fund Chairman Change, Xiao Jian, former vice president of Changjiang Securities, took over.

On March 21st, Changxin Fund Management Co., Ltd. announced the appointment of Xiao Jian as the new chairman, while the former chairman, Liu Yuanrui, left the position due to a job adjustment but will continue to serve as a director of the company. This adjustment is a normal personnel change within the company. According to information, Changxin Fund is headquartered in Shanghai and is a subsidiary in which Changjiang Securities has a stake. The new chairman, Xiao Jian, previously served as the vice president of Changjiang Securities and the general manager of the Shanghai branch, possessing a deep understanding of the Shanghai and East China markets. In December of the previous year, Changjiang Securities made a different arrangement for Xiao Jian during the executive change, and this appointment signifies the official determination of his new role. According to insiders, after stepping down, Liu Yuanrui will still act as the president of Changjiang Securities, overseeing Changxin Fund and Changjiang Securities Asset Management Co., Ltd., both of which are under Changjiang Securities. Industry analysts suggest that this adjustment is an important step for Changjiang Securities to strengthen its strategic layout in asset management business. By having the president directly oversee the asset management sector and appointing experienced individuals familiar with the Shanghai market as directors of subsidiary companies, it reflects the company's determination to enhance its asset management business capabilities.