Tianzhi Fund Chairman Change: Lin Hongjun Acts as Interim Chair; Continued Wave of Public Fund Executive Changes This Year

Tianzhi Fund recently announced a leadership change. The former Chairman, Chai Xiaoxiu, resigned on March 3rd due to personal reasons, and General Manager Lin Hongjun immediately took on the responsibilities of Chairman. This personnel adjustment has attracted market attention to high-level executive mobility within the public fund industry.

Lin Hongjun, the successor, has over 20 years of experience in finance, having worked at several leading institutions. Public information shows he previously served as a fund manager and assistant general manager of the fixed income department at China Merchants Schroder Fund, then as director of the fixed income investment department at Everbright Prudence Fund. During his time at Industrial Securities Asset Management, he led the fixed income investment division, and later held key positions at CCB Fund and Harvest Fund, covering strategic investment and fund management. In June 2025, Lin Hongjun joined Tianzhi Fund as Vice General Manager, and four months later was promoted to General Manager.

As an established public fund company with over 22 years of history, Tianzhi Fund has a relatively concentrated ownership structure. According to Qichacha, Jilin Trust Co., Ltd. owns over 60% of the shares, and China Jilin Forest Industry Group Co., Ltd. holds nearly 40%. By the end of 2025, the company’s public fund asset management scale was approximately 8.5 billion yuan, placing it in the mid-tier of industry competition.

Since the beginning of this year, executive changes in the public fund industry have accelerated. On February 14th, Debon Fund announced that Zuo Chang resigned as Chairman, with Wu Xiaochun taking over responsibilities; on the same day, Quanguo Fund appointed founding partner Li Yunliang as General Manager; Allianz Fund completed a management reshuffle in January, with Shen Liang becoming Chairman, and Zheng Yuchen succeeding as General Manager and Chief Investment Officer. According to Wind data, 27 public fund institutions have experienced executive changes this year, involving 56 individuals, including 6 Chairmen, 18 General Managers, and 18 Vice General Managers or Supervisors.

Industry observers note that the current wave of leadership changes results from multiple factors. Regulatory efforts to promote high-quality development, intensified market competition, strategic adjustments by shareholders, and the succession of talent are intertwined, pushing public fund companies into a deep adjustment phase. These changes are reflected not only in leadership turnover but also in the reshaping of industry patterns—companies with clear strategic positioning, stable investment and research systems, and well-developed talent pipelines will have competitive advantages.

Market analysis suggests that leadership stability and strategic consistency are becoming core competitive advantages for public fund companies. During this critical period of industry transformation, institutions need to build institutional platforms that can withstand cycles, strengthen investment research capabilities, and improve client service levels to secure their market position amid high-quality development trends. This trend of adjustment is expected to continue, driving the industry toward more professionalism and standardization.