DeBang Fund senior management change: Zuo Chang steps down as Chairman, Wu Xiaochun takes over as acting Chairman

DeBang Fund recently announced that due to internal organizational adjustments, former Chairman Zuo Chang will no longer hold the position. Starting February 12, the related responsibilities will be undertaken by Wu Xiaochun, General Manager and Chief Financial Officer of DeBang Securities. This personnel change has been reviewed and approved by the company’s Board of Directors and has completed regulatory filing procedures, representing a routine governance adjustment.

According to publicly available information, Zuo Chang has served as Chairman of DeBang Fund since July 2018, with a tenure of nearly eight years. During his tenure, the company’s management scale experienced significant growth: influenced by new asset management regulations at the end of 2018, the public fund management scale was less than 8 billion yuan; by the end of 2025, it had increased to approximately 69.7 billion yuan, nearly an eightfold increase. The announcement clearly states that Zuo Chang will not assume any other positions within the company after stepping down.

The successor, Wu Xiaochun, has over thirty years of experience in the financial industry. He previously worked at Huatai Securities and joined DeBang Securities in 2011, where he has held key positions such as Vice President, President, and CEO. Since June 2024, he has also served as General Manager and Chief Financial Officer. His extensive experience in securities and asset management is regarded by the market as a significant factor in this personnel adjustment.

DeBang Fund emphasized to the media that this senior management change will not affect the company’s daily operations. The core management teams in investment research, sales, and operations remain stable, and all fund products are operating normally. Customer funds and the interests of holders are fully protected. The company will continue to adhere to the principle of independent operation to ensure the continuity of its business development.

As the 70th fund company approved by the China Securities Regulatory Commission, DeBang Fund was established in early 2012 with a registered capital of 590 million yuan. Its controlling shareholder is DeBang Securities. Following this personnel adjustment, the company’s governance structure will be further optimized, laying a solid foundation for future development.