GUANGZHOU (Fund China) – Up to today, there have been ten fund mangers changed since this new year.

Early in the new year, the fund managements are troopping actively for the new 2008 . There are 3 fund managements announced 4 fund managers will change today.

Yinhua fund management announced that JiangYongkang will replace LiWu as the fund manager of Yinhua Money Market Fund today. And the Lion Fund Management also announce that due to the working condition, JuanPengcheng will no longer take the fund manager position of Lion Value & Growth Fund, the reporter said that he will be in charge of other business of the managerment. Bdsides, there is also a chnager in the Zhonghai Fund Management. It is anncounced that ZhuXiaoming and LiTao both will be the fund managers of Zhonghai High-Grade Growth Fund & LiYangang and Zhuxiaoming will serve in Zhonghai Strategic Energy Fund together.

Up to Jan.8, there have been six funds with fund managers alteration, Soochow Asset Management, Galaxy Asset Management, Industrial Fund Management, Changsheng Fund Management,etc. all have fund manager adjustment.

It is learnt that at the end of 2007, China Securities Association took a survey “the profeesionals movement of the fund managements research report” accounting from January 2006, and it showed that there were 98 fund managers changed in 52 fund managements, taking 30.15% of the fund managers; and there were 39 executives resigned, occupied 15.12%. the report showed that 54.7% of the fund managers would choose to go to other fund managements and 19.8% of them would move to the private funds after their dimission.

Some analysts pointed out that the individual development and incentive mechanism are the two main reasons for the fund managers’job-hopping. At Dec. 28, 2007, the E-fund management drew the fund industry attention to its wide range fund managers changes. Some insiders said that it would be a preparation for the fund special individual financing, which making the “tough” fund manager liquity more tough.

An insider in Shenzhen indicated that the fund industry’s speeding development in 2007 led to the fund managers liquity more complex, but he pointed out that the recent fund manager alteration may be connected to a preparation for this year development. Some analysts also said that the “tough” fund manager frequent movement will become more intense this year.

Copyright Fund China 2009.

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