Bank of Shanghai Fund Appoints Yao Qin as New General Manager, Managing Over 300 Billion Yuan

September 19 — BOCOM-Schroders Fund Management (Shanghai) Co., Ltd. ("Shangyin Fund") has announced a senior management change, appointing Yao Qin as the company's General Manager. With the position now filled, the management team has largely stabilized, and operational and management activities are proceeding normally.

Since the second half of this year, executive adjustments at public fund companies have been relatively frequent, with multiple institutions completing personnel arrangements for core management roles such as General Manager. Industry insiders note that smooth leadership transitions help maintain continuity in operations, investment research, and client services.

Yao Qin Appointed General Manager of Shangyin Fund

Shangyin Fund announced that Yao Qin has been appointed as the company's General Manager.

According to the announcement, Yao Qin holds a doctoral degree and has held various roles including:

• Deputy Manager, Treasury Trading Department, International Business Department, Shanghai Branch, China Construction Bank
• Manager, Financial Markets Department, Shanghai Branch, China Construction Bank
• Assistant General Manager, Investment Banking Department, Head Office, Bank of Shanghai
• Assistant General Manager, Head Office Business Department
• Deputy General Manager, Financial Markets Department
• General Manager, Financial Interbank Department
• General Manager, Retail Business Department
• Chairman, Shangcheng Consumer Finance Company
• Director, Board Office, Head Office, Bank of Shanghai

Sources familiar with the matter noted that Yao Qin's career spans financial markets, investment banking, institutional interbank business, and retail banking, providing relevant experience on both the investment and sales sides of public funds. With the new General Manager in place, synergies between Shangyin Fund and its parent bank are expected to strengthen, bringing fresh ideas to strategic planning, business transformation, channel development, and team building.

Company Overview

Shangyin Fund was established in August 2013, with Bank of Shanghai holding an 80% stake and Santander Investment Holdings Limited holding 20%.

As of the end of June 2026, the company's total assets under management (AUM) reached RMB 302.3 billion, including:

• Public fund AUM: RMB 265.3 billion
• Non-money market public fund AUM: RMB 164.1 billion

The company's business covers active equity, fixed income, index quantification, and multi-asset allocation. In equity investment research, Shangyin Fund focuses on sectors such as the digital economy, semiconductors, strategic resources, and advanced manufacturing, while continuously refining its investment research system and product matrix.

Future Outlook

In response to inquiries from Securities Times reporters, Shangyin Fund stated that going forward, it will:

• Further solidify the foundation for strategic synergy with its shareholders
• Fully integrate resource advantages from both parties
• Build a robust base for steady development
• Center efforts on enhancing investment research capabilities
• Deepen integration of its investment research platform
• Continue to cultivate its fixed-income business
• Accelerate quality and efficiency improvements in its equity business
• Advance its multi-asset allocation strategy in an orderly manner

Industry Trends: Multiple Fund Managers Appoint New General Managers

Securities Times reporters noted that since the second half of this year, several public fund management companies have welcomed new General Managers, with personnel arrangements progressing smoothly.

Since August alone, institutions including Shangyin Fund, Beijing Jingguan Taifu Fund, Huayin Fund, Fidelity Fund (China), Chang'an Fund, Manulife Fund, Hexu Zhiyuan Fund, and Xinghua Fund have successively appointed new General Managers.

These personnel arrangements include both the addition of new management members and adjustments made in response to corporate governance and business development needs. For fund companies, the General Manager is responsible for operational management, overall business coordination, and internal and external resource alignment. Key priorities upon assuming office typically include ensuring stable operations and fostering synergy across investment research, product development, and distribution channels.

As competition intensifies in the public fund industry, investor demands for product performance, service quality, and long-term relationships continue to rise. Against this backdrop, strengthening management structures and professional capabilities remains a key priority for fund companies seeking to build a solid foundation for future growth.

Editor-in-Charge: Wang Lulu Layout: Liu Junyu Proofreading: Yang Lilin

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