Quanguo Fund Promotes Champion Fund Manager Zhao Yi to Deputy General Manager
On September 22, Quanguo Fund announced the promotion of fund manager Zhao Yi to Deputy General Manager, effective immediately. Zhao, a Tsinghua University master's graduate with over a decade of experience, joined Quanguo in 2022 and previously served as Assistant General Manager and Head of Public Fund Investment. He manages two public funds and one private asset management plan, with combined public and private scales of 6.912 billion yuan and 33.4724 million yuan respectively as of end-June. This appointment continues a series of management adjustments at Quanguo Fund in 2024, following the February appointment of co-founder Li Yunliang as General Manager.
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Cross-source coverage
Common ground
- Both sides agree that Zhao Yi's promotion at Quanguo Fund is a significant event in China's asset management industry.
- Both acknowledge that Zhao's flagship fund returned 9.99% over nearly four years, though they interpret this differently.
- Both recognize that Quanguo Fund is a relatively small firm, founded in 2022 with about 7 billion yuan in assets.
- Both agree that the three-year lockup period on Zhao's fund played a role in his performance and promotion.
Points of contention
- Eastern Agent sees Zhao's 2.5% annualized return as stellar given global volatility, while Neutral Agent calls it mediocre compared to top peers.
- Eastern Agent argues the promotion shows China's market maturing on its own terms, while Neutral Agent says it's a defensive retention move by a small firm.
- Eastern Agent believes lockups are a responsible tool for long-term investing, while Neutral Agent sees them as a structural advantage that inflates performance.
- Eastern Agent says Western metrics don't apply to China's development-focused markets, while Neutral Agent insists universal standards like risk-adjusted returns still matter.
Blind spots
- Both sides overlook how ordinary Chinese investors actually feel about Zhao's performance and whether they see it as a success.
- Neither addresses the potential conflict of interest when a fund manager gets a management title while still running money.
- The debate ignores how Quanguo's employee stock ownership plan actually works and whether it truly aligns incentives or just looks good on paper.
WorldAttention’s read
This debate boils down to a clash of worldviews. Eastern Agent argues that Zhao Yi's promotion is a sign of China's capital markets maturing by valuing long-term stability over flashy returns, especially given the tough global environment. Neutral Agent counters that the numbers are just okay—2.5% annualized with a lockup advantage—and that the promotion is really about a small firm trying to keep a recognizable name from leaving. Both sides make valid points, but they talk past each other because they disagree on what counts as success. Eastern Agent sees context and purpose as key, while Neutral Agent insists on objective benchmarks. The blind spots are that neither considers how regular investors view this, whether the promotion creates conflicts, or if the employee stock plan actually works. In the end, the real story might be simpler than either side admits: a young firm promoted a decent fund manager to keep him, and whether that's smart or just survival depends on what you value most.
Reporting timeline
Zhao Yi Appointed Deputy General Manager of Quanguo Fund, Continuing Management Reshuffle
Quanguo Fund announced the appointment of Zhao Yi as Deputy General Manager, effective September 22, according to a senior management change bulletin. Zhao Yi, a Tsinghua University master's graduate in engineering, has over a decade of securities and fund industry experience. He joined Quanguo Fund in 2022 after previously serving at Agricultural Bank of China Fund and Shenyin & Wanguo Securities Research Institute. He currently manages two fund products: Quanguo Xuyuan Three-Year Holding and Quanguo Innovation Growth. This appointment follows a series of management adjustments at Quanguo Fund in 2024, including the appointment of founding partner Li Yunliang as General Manager in February, along with changes to roles held by Jiang Heze, Sun Yuan, and Yao Zhongxiao. The company stated that Zhao Yi's promotion continues its strategy of internal talent development and professional team building. Quanguo Fund, established in February 2022 with registered capital of 100 million yuan, reported public fund assets of 12.664 billion yuan as of the end of the second quarter of 2026, primarily in hybrid funds. The company has also been implementing an employee stock ownership plan to enhance team stability and creativity.
Read sourceFund manager Zhao Yi promoted to deputy general manager of Quanguo Fund
On September 22, Quanguo Fund announced the promotion of renowned fund manager Zhao Yi to deputy general manager. Zhao Yi previously worked at Shanghai Shenyin Wanguo Securities Research Institute and ABC-CA Fund Management, where he served as researcher, fund manager, and investment department head. He joined Quanguo Fund in March 2022 as general manager assistant and public fund investment department head. Currently, Zhao manages two public funds—Quanguo Xuyuan Three-Year Holding and Quanguo Innovation Growth—and one private asset management plan, with total public and private management scales of 6.912 billion yuan and 33.4724 million yuan respectively as of end-June. The Quanguo Xuyuan Three-Year Holding fund, established in October 2022, achieved a total return of 9.99% for its A-share class as of September 21. In his 2026 mid-year report, Zhao noted that the market outlook requires attention to two factors: overseas uncertainties affecting energy prices and market sentiment, and AI development in North America impacting tech stock valuations; domestically, he highlighted the need to monitor economic stabilization policies, especially consumption stimulus and domestic self-sufficiency support. Zhao believes that after two years of market divergence, many companies with sustained earnings growth have reasonable or undervalued valuations, and future markets will offer more structural opportunities. He continues to select excellent companies bottom-up and accompany their growth.
Read sourceFund Manager Zhao Yi Promoted to Deputy General Manager at Quanguo Fund
On September 22, Quanguo Fund announced the promotion of renowned fund manager Zhao Yi to deputy general manager. Zhao Yi previously worked at Shanghai Shenyin Wanguo Securities Research Institute and ABC-CA Fund Management, where he served as researcher, fund manager, and investment department head. He joined Quanguo Fund in March 2022 as general manager assistant and public fund investment department head. Zhao currently manages two public funds—Quanguo Xuyuan Three-Year Holding and Quanguo Innovation Growth—and one private asset management plan, with total public and private management scales of 6.912 billion yuan and 33.4724 million yuan respectively as of end-June. The Quanguo Xuyuan Three-Year Holding fund, launched in October 2022, has achieved a total return of 9.99% for its A shares as of September 21. In his 2026 mid-year report, Zhao noted that the outlook requires attention to two areas: overseas uncertainties affecting energy prices and market sentiment, and AI developments in North America impacting tech stock valuations; domestically, he highlighted the need to monitor economic stabilization policies, especially consumption stimulus and domestic self-sufficiency support. Zhao believes that after two years of market divergence, many companies with sustained earnings growth have reasonable or undervalued valuations, and future markets will offer more structural opportunities. He continues to select excellent companies from the bottom up and accompany their growth.
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Prominent fund manager Zhao Yi promoted to deputy general manager at Quanguo Fund
On September 22, Quanguo Fund announced the promotion of renowned fund manager Zhao Yi to deputy general manager. Zhao Yi previously worked at Shanghai Shenyin Wanguo Securities Research Institute and ABC-CA Fund Management, where he served as researcher, fund manager, and investment department head. He joined Quanguo Fund in March 2022 as general manager assistant and public fund investment department head. Currently, Zhao manages two public funds—Quanguo Xuyuan Three-Year Holding and Quanguo Innovation Growth—and one private asset management plan, with total public and private management scales of 6.912 billion yuan and 33.4724 million yuan respectively as of end-June. The Quanguo Xuyuan Three-Year Holding fund, established in October 2022, has achieved a total return of 9.99% for its A shares as of September 21. In his 2026 mid-year report, Zhao noted that the outlook requires attention to overseas uncertainties affecting energy prices and market sentiment, as well as AI developments in North America impacting tech stock valuations. Domestically, he highlighted the need to monitor economic stabilization policies, particularly consumption stimulus and domestic self-sufficiency support. Zhao believes that after two years of market divergence, many companies with sustained earnings growth remain reasonably or undervalued, and future markets will offer more structural opportunities. He continues to select quality companies through a bottom-up approach.
Fund Manager Zhao Yi Promoted to Deputy General Manager at Quanguo Fund
On September 22, Quanguo Fund announced the promotion of renowned fund manager Zhao Yi to deputy general manager. Zhao Yi previously worked at Shanghai Shenyin Wanguo Securities Research Institute and ABC-CA Fund Management, where he served as researcher, fund manager, and investment department head. He joined Quanguo Fund in March 2022 as general manager assistant and public fund investment department head. Currently, Zhao manages two public funds—Quanguo Xuyuan Three-Year Holding and Quanguo Innovation Growth—and one private asset management plan, with total public and private management scales of 6.912 billion yuan and 33.4724 million yuan respectively as of end-June. The Quanguo Xuyuan Three-Year Holding fund, established in October 2022, has achieved a total return of 9.99% for its A shares as of September 21. In his 2026 mid-year report, Zhao noted that the outlook requires attention to two areas: overseas uncertainties affecting energy prices and market sentiment, and AI developments in North America impacting tech stock valuations; domestically, he highlighted the need to monitor economic stabilization policies, especially consumption stimulus and domestic self-sufficiency support. Zhao believes that after two years of market divergence, many companies with sustained earnings growth remain reasonably or undervalued, and future markets will offer more structural opportunities. He continues to select quality companies bottom-up and accompany their growth.
Read sourceFund Manager Zhao Yi Promoted to Deputy General Manager at Quanguo Fund
On September 22, Quanguo Fund announced the promotion of renowned fund manager Zhao Yi to Deputy General Manager. Zhao Yi previously worked at Shanghai Shenyin Wanguo Securities Research Institute and ABC-CA Fund Management, where he served as researcher, fund manager, and investment department head. He joined Quanguo Fund in March 2022 as General Manager Assistant and Public Fund Investment Department Head. Currently, Zhao manages two public funds—Quanguo Xuyuan Three-Year Holding and Quanguo Innovation Growth—and one private asset management plan, with total public and private management scales of 6.912 billion yuan and 33.4724 million yuan respectively as of end-June. The Quanguo Xuyuan Three-Year Holding fund, established in October 2022, has achieved a total return of 9.99% for its A shares as of September 21. In his 2026 mid-year report, Zhao noted that the outlook requires attention to overseas uncertainties affecting energy prices and market sentiment, as well as AI developments in North America impacting tech stock valuations. Domestically, he highlighted the need to monitor economic stabilization policies, especially consumption stimulus and support for domestic self-sufficiency. Zhao believes that after two years of market divergence, many companies with sustained earnings growth remain reasonably or undervalued, and future markets will offer more structural opportunities. He continues to select excellent companies from the bottom up and accompany their growth.
Read sourceFund Manager Zhao Yi Promoted to Deputy General Manager at Quanguo Fund
On September 22, Quanguo Fund announced the promotion of renowned fund manager Zhao Yi to Deputy General Manager. Zhao Yi previously worked at Shanghai Shenyin Wanguo Securities Research Institute and ABC-CA Fund Management, where he served as researcher, fund manager, and investment department head. He joined Quanguo Fund in March 2022 as General Manager Assistant and Public Fund Investment Department Head. Currently, Zhao manages two public funds—Quanguo Xuyuan Three-Year Holding and Quanguo Innovation Growth—and one private asset management plan, with total public and private management scales of 6.912 billion yuan and 33.4724 million yuan respectively as of end-June. The Quanguo Xuyuan Three-Year Holding fund, launched in October 2022, achieved a total return of 9.99% for its A-share class as of September 21. In his 2026 mid-year report, Zhao noted that the outlook requires attention to overseas uncertainties affecting energy prices and market sentiment, as well as AI developments in North America impacting tech stock valuations. Domestically, he highlighted the need to monitor economic stabilization policies, especially consumption stimulus and support for domestic self-sufficiency. Zhao believes that after two years of market divergence, many companies with sustained earnings growth remain reasonably or undervalued, and future markets will offer more structural opportunities. He continues to select excellent companies bottom-up and accompany their growth.
Read sourceFund Manager Zhao Yi Promoted to Deputy General Manager at Quanguo Fund
On September 22, Quanguo Fund announced the promotion of renowned fund manager Zhao Yi to deputy general manager. Zhao Yi previously worked at Shanghai Shenyin Wanguo Securities Research Institute and ABC-CA Fund Management, where he served as researcher, fund manager, and investment department head. He joined Quanguo Fund in March 2022 as general manager assistant and public fund investment department head. Currently, Zhao manages two public funds—Quanguo Xuyuan Three-Year Holding and Quanguo Innovation Growth—and one private asset management plan, with total public and private management scales of 6.912 billion yuan and 33.4724 million yuan respectively as of end-June. The Quanguo Xuyuan Three-Year Holding fund, established in October 2022, has achieved a total return of 9.99% for its A shares as of September 21. In his 2026 mid-year report, Zhao noted that the outlook requires attention to two areas: overseas uncertainties affecting energy prices and market sentiment, and AI developments in North America impacting tech stock valuations; domestically, he highlighted the need to monitor economic stabilization policies, especially consumption stimulus and domestic self-sufficiency support. Zhao believes that after two years of market divergence, many companies with sustained earnings growth have reasonable or even undervalued valuations, and future markets will offer more structural opportunities. He continues to select excellent companies bottom-up and accompany their growth.
Read sourceFund Manager Zhao Yi Promoted to Deputy General Manager at Quanguo Fund
On September 22, Quanguo Fund announced the promotion of renowned fund manager Zhao Yi to deputy general manager. Zhao Yi previously worked as a researcher at Shenyin & Wanguo Securities and held various roles at ING Agricultural Fund Management, including fund manager and investment department head. He joined Quanguo Fund in March 2022 as general manager assistant and public fund investment department head. Currently, Zhao manages two public funds—Quanguo Xuyuan Three-Year Holding and Quanguo Innovation Growth—and one private asset management plan, with total public and private management scales of 6.912 billion yuan and 33.4724 million yuan respectively as of end-June. The Quanguo Xuyuan Three-Year Holding fund, launched in October 2022, has achieved a total return of 9.99% for its A-share class as of September 21. In his 2026 mid-year report, Zhao noted that the outlook requires attention to two areas: overseas uncertainties affecting energy prices and market sentiment, and AI developments in North America impacting tech stock valuations; domestically, he highlighted the need to monitor economic stabilization policies, especially consumption stimulus and support for domestic self-sufficiency. Zhao believes that after two years of market divergence, many companies with sustained earnings growth have reasonable or even low valuations, and the market will offer more structural opportunities. He continues to select excellent companies from the bottom up and accompany their growth.
Read sourceFund Manager Zhao Yi Promoted to Deputy General Manager at Quanguo Fund
On September 22, Quanguo Fund announced the promotion of renowned fund manager Zhao Yi to deputy general manager. Zhao Yi previously worked as a researcher at Shanghai Shenyin Wanguo Securities Research Institute and held various roles at ING Agricultural Fund Management, including fund manager and investment department general manager. He joined Quanguo Fund in March 2022 as assistant general manager and public fund investment department head. Currently, Zhao manages two public funds—Quanguo Xuyuan Three-Year Holding and Quanguo Innovation Growth—and one private asset management plan, with total public and private management scales of 6.912 billion yuan and 33.4724 million yuan respectively as of end-June. The Quanguo Xuyuan Three-Year Holding fund, launched in October 2022, has achieved a total return of 9.99% for its A-share class as of September 21. In his 2026 mid-year report, Zhao noted that the outlook requires attention to two areas: overseas uncertainties affecting energy prices and market sentiment, and AI developments in North America impacting tech stock valuations; domestically, he highlighted the need to monitor economic stabilization policies, especially consumption stimulus and support for domestic self-sufficiency. Zhao believes that after two years of market divergence, many companies with sustained earnings growth have reasonable or even undervalued valuations, and the market will offer more structural opportunities. He continues to select high-quality companies from the bottom up and hold them for long-term growth.
Read sourceFund Manager Zhao Yi Promoted to Deputy General Manager at Quanguo Fund
On September 22, Quanguo Fund announced the promotion of renowned fund manager Zhao Yi to Deputy General Manager. Zhao Yi previously worked as a researcher at Shanghai Shenyin Wanguo Securities Research Institute and held various roles at ING Agricultural Fund Management, including fund manager and investment department general manager. He joined Quanguo Fund in March 2022 as General Manager Assistant and Public Fund Investment Department General Manager. Currently, Zhao manages two public funds—Quanguo Xuyuan Three-Year Holding and Quanguo Innovation Growth—and one private asset management plan, with total public and private management scales of 6.912 billion yuan and 33.4724 million yuan respectively as of end-June. The Quanguo Xuyuan Three-Year Holding fund, launched in October 2022, achieved a total return of 9.99% for its A-share class as of September 21. In his 2026 mid-year report, Zhao noted that the outlook requires attention to overseas uncertainties affecting energy prices and market sentiment, as well as AI developments in North America impacting tech stock valuations. Domestically, he highlighted the need to monitor economic stabilization policies, especially consumption stimulus and support for domestic self-sufficiency. Zhao believes that after two years of market divergence, many companies with sustained earnings growth remain reasonably or undervalued, and future markets will offer more structural opportunities. He continues to select high-quality companies from the bottom up and accompany their growth.
Read sourceProminent fund manager Zhao Yi promoted to deputy general manager at Quanguo Fund
On September 22, Quanguo Fund announced the promotion of renowned fund manager Zhao Yi to deputy general manager. Zhao previously worked at Shanghai Shenyin Wanguo Securities Research Institute and ABC-CA Fund Management, where he served as researcher, fund manager, and investment department head. He joined Quanguo Fund in March 2022 as general manager assistant and public fund investment department head. Zhao currently manages two public funds—Quanguo Xuyuan Three-Year Holding and Quanguo Innovation Growth—and one private asset management plan, with total public and private management scales of 6.912 billion yuan and 33.4724 million yuan respectively as of end-June. The Quanguo Xuyuan Three-Year Holding fund, launched in October 2022, achieved a 9.99% total return for its A-share tranche as of September 21. In his 2026 mid-year report, Zhao noted that the market outlook requires attention to overseas uncertainties affecting energy prices and sentiment, AI developments in North America impacting tech valuations, and domestic economic stimulus policies, particularly consumption incentives and self-sufficiency support. He believes structural opportunities will dominate, favoring bottom-up selection of quality companies.
Read sourceFund Manager Zhao Yi Promoted to Deputy General Manager at Quanguo Fund
On September 22, Quanguo Fund announced the promotion of renowned fund manager Zhao Yi to deputy general manager. Zhao Yi previously worked as a researcher at Shanghai Shenyin Wanguo Securities Research Institute and held various roles at ING Agricultural Bank Fund Management, including fund manager and investment department general manager. He joined Quanguo Fund in March 2022 as general manager assistant and public fund investment department general manager. Currently, Zhao manages two public funds—Quanguo Xuyuan Three-Year Holding and Quanguo Innovation Growth—and one private asset management plan, with total public and private management scales of 6.912 billion yuan and 33.4724 million yuan respectively as of end-June. The Quanguo Xuyuan Three-Year Holding fund, established in October 2022, has achieved a total return of 9.99% for its A shares as of September 21. In his 2026 mid-year report, Zhao noted that the outlook requires attention to two areas: overseas uncertainties affecting energy prices and market sentiment, and AI developments in North America impacting tech stock valuations; domestically, he highlighted the need to monitor economic stabilization policies, especially consumption stimulus and support for domestic self-sufficiency. Zhao believes that after two years of market divergence, many companies with sustained earnings growth have valuations at reasonable or below-average levels, and the future market will offer more structural opportunities. He stated he will continue to select excellent companies from the bottom up and accompany their growth.
Read sourceProminent fund manager Zhao Yi promoted to deputy general manager at Quanguo Fund
On September 22, Quanguo Fund announced the promotion of renowned fund manager Zhao Yi to deputy general manager. Zhao Yi previously worked as a researcher at Shanghai Shenyin Wanguo Securities Research Institute and held various roles at ING Agricultural Fund Management, including fund manager and investment department general manager. He joined Quanguo Fund in March 2022 as assistant general manager and public fund investment department general manager. Currently, Zhao manages two public funds—Quanguo Xuyuan Three-Year Holding and Quanguo Innovation Growth—and one private asset management plan, with total public and private management scales of 6.912 billion yuan and 33.4724 million yuan respectively as of end-June. The Quanguo Xuyuan Three-Year Holding fund, established in October 2022, has achieved a total return of 9.99% for its A shares as of September 21. In his 2026 mid-year report, Zhao noted that the market outlook requires attention to overseas uncertainties affecting energy prices and market sentiment, as well as AI developments in North America impacting tech stock valuations. Domestically, he highlighted the need to monitor economic stabilization policies, particularly consumption stimulus and support for domestic self-sufficiency. Zhao believes that despite past market structural divergence, many companies with sustained earnings growth remain reasonably or undervalued, and he expects more structural opportunities ahead, continuing his bottom-up approach to selecting quality companies.
Read sourceFund Manager Zhao Yi Promoted to Deputy General Manager at Quanguo Fund
On September 22, Quanguo Fund announced the promotion of renowned fund manager Zhao Yi to Deputy General Manager. Zhao Yi previously worked as a researcher at Shanghai Shenyin Wanguo Securities Research Institute and held various roles at ING Agricultural Fund Management, including fund manager and deputy head of investment. He joined Quanguo Fund in March 2022 as General Manager Assistant and Head of Public Fund Investment. Currently, Zhao manages two public funds—Quanguo Xuyuan Three-Year Holding and Quanguo Innovation Growth—and one private asset management plan, with total public and private management scales of 6.912 billion yuan and 33.4724 million yuan respectively as of end-June. The Quanguo Xuyuan Three-Year Holding fund, established in October 2022, has achieved a total return of 9.99% for its A shares as of September 21. In his 2026 mid-year report, Zhao noted that the market outlook requires attention to overseas uncertainties affecting energy prices and sentiment, as well as AI developments in North America impacting tech valuations. Domestically, he highlighted the need to monitor economic stabilization policies, especially consumption stimulus and support for domestic self-sufficiency. Zhao believes that after two years of market divergence, many companies with sustained earnings growth remain reasonably or undervalued, and he expects structural opportunities ahead, continuing his bottom-up stock selection approach.
Read sourceFund Manager Zhao Yi Promoted to Deputy General Manager at Quanguo Fund
On September 22, Quanguo Fund announced the promotion of renowned fund manager Zhao Yi to deputy general manager. Zhao Yi previously worked at Shanghai Shenyin Wanguo Securities Research Institute and ABC-CA Fund Management, where he served as researcher, fund manager, and investment department head. He joined Quanguo Fund in March 2022 as general manager assistant and public fund investment department head. Currently, Zhao manages two public funds—Quanguo Xuyuan Three-Year Holding and Quanguo Innovation Growth—and one private asset management plan, with total public and private management scales of 6.912 billion yuan and 33.4724 million yuan respectively as of end-June. The Quanguo Xuyuan Three-Year Holding fund, established in October 2022, achieved a total return of 9.99% for its A-share class as of September 21. In his 2026 mid-year report, Zhao noted that the outlook requires attention to two areas: overseas uncertainties affecting energy prices and market sentiment, and AI development in North America impacting tech stock valuations; domestically, he highlighted the need to monitor economic stabilization policies, especially consumption stimulus and domestic self-sufficiency support. Zhao believes that after two years of market divergence, many companies with sustained earnings growth have reasonable or even undervalued valuations, and future markets will offer more structural opportunities. He continues to select excellent companies bottom-up and accompany their growth.
Read sourceFund Manager Zhao Yi Promoted to Deputy General Manager at Quanguo Fund
On September 22, Quanguo Fund announced the promotion of renowned fund manager Zhao Yi to deputy general manager. Zhao Yi previously worked at Shanghai Shenyin Wanguo Securities Research Institute and ABC-CA Fund Management, where he served as researcher, fund manager, and investment department head. He joined Quanguo Fund in March 2022 as general manager assistant and public fund investment department head. Currently, Zhao manages two public funds—Quanguo Xuyuan Three-Year Holding and Quanguo Innovation Growth—and one private asset management plan, with total public and private management scales of 6.912 billion yuan and 33.4724 million yuan respectively as of end-June. The Quanguo Xuyuan Three-Year Holding fund, launched in October 2022, has achieved a total return of 9.99% for its A-share class as of September 21. In his 2026 mid-year report, Zhao noted that the outlook requires attention to overseas uncertainties affecting energy prices and market sentiment, as well as AI developments in North America impacting tech stock valuations. Domestically, he highlighted the need to monitor economic stabilization policies, especially consumption stimulus and support for domestic self-sufficiency. Zhao believes that after two years of market divergence, many companies with sustained earnings growth remain at reasonable or undervalued levels, and he expects more structural opportunities ahead, continuing his bottom-up stock selection approach.
Read sourceFund Manager Zhao Yi Promoted to Deputy General Manager at Quanguo Fund
On September 22, Quanguo Fund announced the promotion of renowned fund manager Zhao Yi to deputy general manager. Zhao Yi previously worked at Shanghai Shenyin Wanguo Securities Research Institute and ABC-CA Fund Management, where he served as researcher, fund manager, and investment department head. He joined Quanguo Fund in March 2022 as general manager assistant and public fund investment department head. Currently, Zhao manages two public funds—Quanguo Xuyuan Three-Year Holding and Quanguo Innovation Growth—and one private asset management plan, with total public and private management scales of 6.912 billion yuan and 33.4724 million yuan respectively as of end-June. The Quanguo Xuyuan Three-Year Holding fund, established in October 2022, has achieved a total return of 9.99% for its A shares as of September 21. In his 2026 mid-year report, Zhao noted that the outlook requires attention to overseas uncertainties affecting energy prices and market sentiment, as well as AI developments in North America impacting tech stock valuations. Domestically, he highlighted the need to monitor economic stabilization policies, especially consumption stimulus and domestic self-sufficiency support. Zhao believes that after two years of market divergence, many companies with sustained earnings growth remain at reasonable or undervalued levels, and future markets will offer more structural opportunities. He continues to select excellent companies from the bottom up and accompany their growth.
Read sourceStar fund manager Zhao Yi promoted to deputy general manager at Quanguo Fund
On September 22, Quanguo Fund announced the promotion of renowned fund manager Zhao Yi to deputy general manager. Zhao previously worked at Shanghai Shenyin Wanguo Securities Research Institute and ABC-CA Fund Management, where he served as researcher, fund manager, and investment department head. He joined Quanguo Fund in March 2022 as general manager assistant and public fund investment department head. Zhao currently manages two public funds—Quanguo Xuyuan Three-Year Holding and Quanguo Innovation Growth—and one private asset management plan, with total public and private management scales of 6.912 billion yuan and 33.4724 million yuan respectively as of end-June. The Quanguo Xuyuan Three-Year Holding fund, launched in October 2022, achieved a 9.99% total return for its A-share tranche through September 21. In his 2026 mid-year report, Zhao noted that the market outlook requires attention to two factors: overseas uncertainties affecting energy prices and market sentiment, and AI development in North America impacting tech stock valuations; domestically, he highlighted the need to monitor economic stabilization policies, especially consumption stimulus and domestic substitution support. Zhao believes structural opportunities will dominate the market, and he will continue selecting quality companies through bottom-up analysis.
Read sourceFund manager Zhao Yi promoted to deputy general manager of Quanguo Fund
On September 22, Quanguo Fund announced the promotion of renowned fund manager Zhao Yi to deputy general manager. Zhao Yi previously worked at Shanghai Shenyin Wanguo Securities Research Institute and ABC-CA Fund Management, where he served as researcher, fund manager, and investment department head. He joined Quanguo Fund in March 2022 as general manager assistant and public fund investment department head. Currently, Zhao manages two public funds—Quanguo Xuyuan Three-Year Holding and Quanguo Innovation Growth—and one private asset management plan, with total public and private management scales of 6.912 billion yuan and 33.4724 million yuan respectively as of end-June. The Quanguo Xuyuan Three-Year Holding fund, established in October 2022, achieved a total return of 9.99% for its A-share class as of September 21. In his 2026 mid-year report, Zhao noted that the market outlook requires attention to two factors: overseas uncertainties affecting energy prices and market sentiment, and AI development in North America impacting tech stock valuations; domestically, he highlighted the need to monitor economic stabilization policies, especially consumption stimulus and domestic substitution support. Zhao believes that after two years of market divergence, many companies with sustained earnings growth have reasonable or undervalued valuations, and future markets will offer more structural opportunities. He stated he will continue to select excellent companies bottom-up and accompany their growth.
Read source