In the fast-evolving world of finance, the dynamics of leadership can often dictate the fortunes of an organizationWan Fang, a name increasingly resonant in the insurance asset management sector, brings a wealth of experience that not only reflects his personal achievements but also signals a strategic shift for Century Insurance Asset ManagementWith a career steeped in involvement across various facets of finance, Wan’s contributions will likely play a pivotal role in steering the company toward its ambitious goals.

Wan Fang’s professional journey spans numerous critical roles within major organizationsHe has served as an engineer at the China Shipbuilding Industry Corporation's 712 Research Institute, showcasing his technical prowess early onSubsequently, he transitioned into the financial sector, where he held significant positions such as Vice General Manager in the Investment Banking Department of Ping An Securities and later climbed the ranks to become the General Manager and then the Chairman of Ping An Asset Management

Additionally, he has acted as the Co-Secretary-General of the Group’s Golden Club, further underlining his multifaceted skill set and leadership qualities.

The recent recruitment of Wan Fang is indicative of Century Insurance Asset Management's commitment to enhancing its workforce's qualityWith this strategic move, the organization appears to be solidifying its reputation as a key player in the insurance asset management landscape, prioritizing professional specialization and expertise among its team.

Since the appointment of Yang Jun as Chairman and Meng Sen as General Manager in May 2023, the company has been on a recruitment spree, integrating talents from various esteemed backgroundsYang, a seasoned veteran with extensive experience across banks, insurance, and technology sectors, has previously held notable positions such as Vice General Manager at Shanghai Pudong Development Bank and Chief Risk Officer at both Lufax Holdings and Ping An Group

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His innovative thinking is evident in his well-followed public account, "Mu Ye Says," which offers significant insights into wealth management and asset management methodologies.

Complementing Yang's strategic vision is Meng Sen, who also brings over two decades of asset management experience to the tableHis tenure at Ping An and its subsidiaries has equipped him with a unique understanding of the evolution of the insurance asset management sector in China and the nuances involved in scaling investment operationsHis firsthand experience of the growth journey makes him a valuable asset as the company redefines its direction and policies.

As part of the leadership overhaul, Century Insurance Asset Management has embarked on a mission to revamp its corporate culture and long-term operational strategiesSources indicate that the company has set forth a new five-year strategic development plan, articulating clear objectives: by 2023, to focus on “risk convergence and morale boosting”; by 2025, to establish distinct characteristics with promising prospects; and by 2027, to reinforce professionalism and construct robust barriers against market volatility.

This proactive overhaul has led to the acquisition of personnel from distinguished institutions such as Ping An, AIA, and McKinsey & Company, contributing to a rich talent pool

Wan Fang’s transition to supervisory roles further signifies advancements in optimizing the talent landscape at Century Insurance Asset Management, aligning it with the organization’s goal of achieving professional upgrades.

Facing challenges such as interest rate differentials and ongoing declines in rates, Century Insurance Asset Management has sought innovative solutions to mitigate potential lossesSince its establishment on November 16, 2016, with a registered capital of 100 million RMB, it has become the 23rd licensed insurance asset management institution in ChinaThe newly appointed management team has actively pursued avenues to address common issues plaguing smaller institutions.

During internal discussions, Yang Jun has underscored the importance of maintaining a long-term, stable investment culture and philosophyHe advocates for “mindful investing,” urging that each investment decision should return to a foundation of professionalism and rationality, steering clear from distractions or emotional distortions

This approach is not merely a mantra but a guiding principle embraced by all stakeholders.

The methodology involves sticking to the fundamentals of investment, explicitly avoiding opportunistic behaviors that could artificially inflate short-term financial resultsThis is supplemented by a professional investment framework centered on strategic asset allocationThe organization is methodically advancing a strategic plan that merges various investment timelines—long, medium, and short—culminating in a comprehensive equity and fixed-income investment strategy.

Furthermore, Mongolia has emphasized tactical asset allocation and dynamic portfolio management strategies to skillfully engage in segmented operations across different asset classesThis meticulous and strategic approach has already reaped early rewards; the company has achieved remarkable progress toward its financial investment yield targets for 2024, with a significantly greater overall investment return structured positively.

As of the end of the third quarter in 2024, Century Insurance Asset Management reported revenues of 240 million RMB and a net profit after tax of 33.46 million RMB