Liu Guifang, chairman of Ruiyuan Fund, is a 59-year-old female executive who said she would retire when she was in Guotai Junan

Operator Finance Su Jia/Wen

Ruiyuan Fund was established late, but it is still more concerned in the market, and what Operator Finance tried to sort out is the past experience of Liu Guifang, the current chairman of Ruiyuan Fund.

Born in September 1963, Liu Guifang is 59 years old and near retirement, she is a master's degree in economics, but after working for 3 years, she went to the Accounting Department of Zhongnan University of Finance and Economics to pursue a master's degree.

Liu Guifang's first job was as a teacher at Hubei Building Materials Industrial School, and after graduating from graduate school, she entered the financial field, first as a certified public accountant and the director of the audit department at Shenzhen Fortune Wings Accounting Firm.

In May 1994, Liu Guifang came to the Shenzhen Securities Administration Office, first as a chief clerk in the Listed Companies Department, the Market Supervision Department and other departments, and four years later Liu Guifang worked in the Institutional Supervision Department of the Shenzhen Administration Bureau of the China Securities Regulatory Commission, and worked in the Shenzhen Securities Regulatory Bureau for the longest time, reaching 10 years.

In the Shenzhen Securities Regulatory Bureau, Liu Guifang also started from the chief clerk, and then promoted to become the deputy director of the institutional supervision department, at least in 2005 she was already the director of the institutional section, when at the annual securities company annual report audit work conference, Liu Guifang clearly pointed out the six major problems in the annual report audit of securities companies.

Liu Guifang herself said that she is very fortunate to be able to participate in the supervision of mainland securities operating institutions, so that she can witness the ups and downs of the securities industry from a regulatory perspective, and integrate into the tide of industry governance and standardization development.

In 2008, Liu Guifang chose to challenge herself, jump out of supervision, devote herself to the securities industry, and came to Guotai Junan, where she first served as a compliance director, and was promoted to vice president and compliance director of Guotai Junan 3 years later. In March 2014, Liu Guifang also served as the chief risk officer of Guotai Junan.

When she was in three positions, Liu Guifang also took the time to participate in the 2014 Shanghai Advanced Institute of Finance EMBA Spring Class, and her spirit of study was amazing, because after 4 years he applied for retirement, "returning to the classroom, with problems to learn, think, and more closely combine theory, experience, practice and specific work", Liu Guifang said.

In November 2016, Liu Guifang ceased to be vice president of Guotai Junan, only serving as chief risk officer and compliance director.

On October 30, 2018, Guotai Junan announced that Ms. Liu Guifang personally applied for her retirement and was no longer the chief risk officer and compliance director of the company, and Xie Lebin replaced her as chief risk officer, and Zhang Zhihong replaced her as compliance director.

However, Liu Guifang turned around and became the initiator of Ruiyuan Fund, and in October of that year, Ruiyuan Fund was approved, and the announcement showed that the company was 55%, 32.51%, 7.5% and 4.99% owned by Chen Guangming, Fu Pengbo, Liu Guifang and Lin Min respectively. It is clearly mentioned that Liu Guifang is the chief inspector, and she is also the vice chairman.

A few months later, Ruiyuan Fund issued an announcement that due to the needs of the company's business development, Liu Guifang, the former vice chairman of Ruiyuan Fund, served as the chairman, and the former chairman Fu Pengbo was transferred to the company's deputy general manager.

As for the reason why Fu Pengbo took the initiative to downgrade, the chairman of the fund company cannot serve as a fund manager, Fu Pengbo, as a well-known fund manager in the A-share market, speculated that he took the initiative to demote himself to better display his talents and help the company grow, and if the fund manager did well, the income would be higher.