Guangzheng Asset Management's New Leadership: Qiao Zhen Officially Assumes Chairman Position, Business Highlights in 2026 Layout Frequently Appearing

Shanghai Everbright Securities Asset Management Co., Ltd. (hereinafter referred to as “Everbright Asset Management”) recently completed a core management restructuring, with General Manager Qiao Zhen officially taking over the position of Chairman. This change marks the end of a several-month interim period following the departure of former Chairman Xiong Guobing in August 2025, and signals a new phase of development.

Public information shows that Qiao Zhen graduated from Shanghai Jiao Tong University’s Department of Mathematics and has extensive experience in the financial industry. Before joining Everbright Asset Management, he worked at China Merchants Bank Head Office and Huatai-PineBridge Fund. In August 2012, just three months after the founding of Everbright Asset Management, he joined the company and has held key positions such as General Manager of the Product and Institutional Business Department, Assistant General Manager, and Deputy General Manager. He has been deeply involved in the company’s core business layout and institutional business expansion, with a thorough understanding of Everbright Asset Management’s business system and development path.

In October 2024, Chang Song, the former General Manager of Everbright Asset Management, was transferred to Deputy General Manager due to health reasons. Qiao Zhen was promoted from Deputy General Manager to General Manager, taking full charge of daily operations. In August 2025, with the departure of former Chairman Xiong Guobing due to work adjustments, Qiao Zhen began acting as Chairman while also serving as General Manager. His official appointment as Chairman signifies his transition from acting to formal leadership, becoming the new helmsman of Everbright Asset Management.

In recent years, Everbright Asset Management’s business scale has steadily grown. According to Everbright Securities’ 2025 semi-annual report, as of June 2025, the total assets under management entrusted to Everbright Asset Management reached 322.5 billion yuan, a 3.6% increase from the beginning of the year. Regarding strategic adjustments, the company recently made significant changes: in October 2025, it was removed from the China Securities Regulatory Commission’s list of asset management institutions approved to manage public funds, indicating its withdrawal from the public fund license application. Previously, Everbright Asset Management had actively developed its public fund business and formally submitted application materials in June 2023, but was ultimately not approved. In 2025, several of its public quasi-collective products were transferred to Everbright Prudential Fund Management, which is 55% owned by Everbright Securities.

Regarding product deployment in 2026, a relevant executive from Everbright Asset Management stated that the company will focus on two core directions: “deepening client needs” and “diversifying strategic allocations,” to build a more forward-looking product ecosystem. While consolidating its fixed income business foundation, the company will leverage its platform-based research and digital capabilities to expand into “Fixed Income +,” multi-strategy, and specialized equity products. It will also enrich global allocation tools, including USD bonds and US stock FOFs, to meet clients’ needs for diversified asset allocation in different market environments. The company plans to improve its multi-asset, multi-risk, and return profile product lines, create benchmark products with market influence, and upgrade its brand from “product-driven” to “value-driven.”

The management change at Everbright Asset Management is not an isolated case. Since the beginning of 2026, the securities firm asset management industry has experienced a new wave of core management adjustments. On February 28, Xingzheng Asset Management announced senior management changes, with Weng Jianguo appointed as Deputy General Manager, Liu Yu taking over as Compliance Officer for public fund management, and former Compliance Officer Song Lin leaving due to normal personnel adjustments. In early February, Debon Asset Management completed important personnel adjustments, with former Founder Securities Asset Management General Manager Li Zhenghong appointed as Chairman and General Manager, and former Chairman Zuo Chang stepping down. Debon Asset Management will focus on a dual-driven positioning of “Shandong service provider” and “national strategy expert,” with “building research and investment competitiveness” as its core, developing ABS and REITs as key businesses, and enhancing scale and efficiency. In late January, Huatai Securities Asset Management completed key executive adjustments, with Jiang Xiaoyang officially appointed as Chairman, Zhu Qian as General Manager, Liu Bowen as Chief Risk Officer, and former Chief Risk Officer Qin Jie leaving.