The chairman of a public fund with assets of hundreds of billions of yuan has changed, and there are frequent changes in senior management positions of small and medium-sized funds.

On July 16, the China-Canada Fund announced that due to work arrangements, Chairman Xia Yuanyang resigned on July 15, and Yang Lin was appointed as the new Chairman of the company. Since the beginning of this year, there have been frequent changes in senior management in the public offering industry. According to Wind statistics, as of July 16, the number of public offering executives who have changed positions this year has reached 224, involving nearly 100 fund companies. Among them, the number of changes in chairmen and general managers is 49 and 48 respectively, while the number of changes in deputy general managers and inspection directors is 80 and 28 respectively. It was found that a few of the changes in senior management this year were due to executives reaching retirement age, including Yang Huahui, the former chairman of CICC Global Fund, and Xie Wei, the former general manager of ChinaAMC Schroder Fund. In terms of quantity, most of the changes in senior management this year occurred in small and medium-sized public offering companies.