Chairman of Hundred-Billion-Scale Public Fund Oriental Fund Steps Down—What Will Be the Impact?

What new developments might Liu Hongpeng’s long-term experience bring as acting Chairman of AI ·?

Cui Wei, Chairman of Dongfang Fund, has stepped down due to work adjustments, and General Manager Liu Hongpeng will serve as acting Chairman. After Cui Wei’s departure, he will continue to serve as a director of the company.

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Investment Time Network, Punctuation Finance Researcher An Zhe

On March 20, Dongfang Fund announced that, after review and approval by the company’s board of directors, Cui Wei would step down as Chairman due to work adjustments, with General Manager Liu Hongpeng taking over as acting Chairman.

Dongfang Fund stated that this change in senior management is mainly driven by the company’s long-term development needs and is a normal part of improving corporate governance and optimizing talent teams. The company’s established development strategy remains stable and continues.

Regarding Cui Wei’s tenure, Dongfang Fund said that during his time as Chairman, he was diligent and dedicated, made significant contributions to the company’s strategic development, governance improvement, and stable operation, and laid a solid foundation for the company’s long-term healthy growth. The company expressed heartfelt thanks.

Dongfang Fund also revealed that after stepping down as Chairman, Cui Wei will continue to serve as a director and contribute wisdom to the company’s future development.

Investment Time Network, Punctuation Finance Researcher noted that Liu Hongpeng has extensive experience in securities and fund management, has worked at Dongfang Fund for 15 years, and has served as General Manager for nearly 10 years.

Wind Information data shows that by the end of 2025, Dongfang Fund manages 68 products with a total asset management scale of 126.819 billion yuan, an increase of 13.99 billion yuan from the end of 2024, a growth rate of 12.40%. Among these, bond funds amount to 88.272 billion yuan, accounting for 69.60%; hybrid funds are 18.94 billion yuan, accounting for 14.93%; money market funds are 17.198 billion yuan, accounting for 13.56%; equity funds are 2.212 billion yuan, accounting for 1.74%; FOF funds are 1.98 billion yuan, accounting for 0.16%.

Data shows that at the end of last year, Dongfang Fund’s non-cash fund assets totaled 109.621 billion yuan, an increase of 16.037 billion yuan from the end of 2024, a growth rate of 17.14%. Its ranking among industry non-cash fund sizes is 46th. From the data, under the leadership of the board, Liu Hongpeng and the management team have worked together to achieve continuous and steady growth in the company’s asset management scale and overall strength.

Currently, Dongfang Fund has five shareholders, with Northeast Securities holding 57.60%, making it the largest shareholder. The other four are Hebei Guokong Capital Management Co., Ltd., Bohai International Trust Co., Ltd., Hainan Huizhi Changxing Enterprise Management Consulting Partnership (Limited Partnership), and Hainan Huiyuan Changxing Enterprise Management Consulting Partnership (Limited Partnership), with shareholdings of 24.30%, 8.10%, 3.51%, and 3.37%, respectively.

Wind Information data shows that the average return of Dongfang Fund’s active equity funds in 2025 is 26.25%, higher than the 17.66% increase of the CSI 300 index during the same period. Especially in new energy, low-carbon, and technology products, Dongfang Fund performed outstandingly in 2025, with many products achieving returns between 50% and 70%, ranking among the top in the industry. In the technology sector, Dongfang Xingrui Trend Leading Hybrid A, Dongfang Huixin Flexible Allocation Hybrid A, Dongfang Innovation Technology, and Dongfang Artificial Intelligence Theme A achieved returns of 74.78%, 60.22%, 59.55%, and 57.51% respectively last year; in the new energy vehicle sector, Dongfang New Energy Vehicle Hybrid returned 62.59%.

Dongfang Fund stated that in the future, the entire team will continue to unite, actively seize opportunities for high-quality industry development, continuously improve investment management capabilities and service levels, and strive to make Dongfang Fund a long-term high-quality fund manager.

Investment Keywords: Dongfang Fund

Author’s statement: Personal opinions for reference only.