--- title: "Public fund institutions involved in debt disputes, \"the first public fund in Southwest China\" Xinhua Fund faces litigation challenges" type: "News" locale: "en" url: "https://longbridge.com/en/news/274266112.md" description: "A well-known public fund institution of the first generation" datetime: "2026-01-30T07:35:24.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/274266112.md) - [en](https://longbridge.com/en/news/274266112.md) - [zh-HK](https://longbridge.com/zh-HK/news/274266112.md) --- # Public fund institutions involved in debt disputes, "the first public fund in Southwest China" Xinhua Fund faces litigation challenges Recently, Shandong Xiwang Sugar Industry Co., Ltd. and Xiwang Starch Co., Ltd. have sued Xinhua Fund due to a debt dispute. The case will be heard on February 3rd. ## What is the lawsuit about? According to Tianyancha information, Shandong Xiwang Sugar Industry Co., Ltd. and Xiwang Starch Co., Ltd. have sued Xinhua Fund due to a debt dispute. This civil case will be heard on February 3rd at the Shanghai Second Intermediate People's Court. Xinhua Fund Management Co., Ltd. was established in December 2004, becoming the first public fund management company in Southwest China. The company is registered in Chongqing, with its management center and back-office operations set up in Beijing and Chongqing, respectively. In addition, Xinhua Fund has established branches in Beijing, Shanghai, Guangdong, and other locations. As of the end of 2025, Xinhua Fund manages a total of 49 public funds, with a total scale reaching 57.107 billion yuan. Among them, the proportion of money market funds and bond funds is 40%. Meanwhile, Xinhua Fund's equity funds ranked 118 out of 149 in performance over the past three years, and 81 out of 139 over the past five years. ## Performance and Shareholder Structure Xinhua Fund's fixed income business has historically performed well, ranking 5 out of 137 in the fixed income fund market, with a five-year performance ranking of 12 out of 126. However, this may also hide some "risks." Fixed income products have traditionally been a "battleground" among institutions. Many times, hidden issues are concealed within seemingly transparent public transactions. However, Xinhua Fund has changed its shareholders in recent years. According to the latest shareholder structure, the main shareholders of Xinhua Fund include Financial Street Securities Co., Ltd., Beijing Huarong Comprehensive Investment Co., Ltd., Hangzhou Yongyuan Network Technology Co., Ltd., and Chongqing Yubei District State-owned Capital Investment Operation Management Group Co., Ltd., holding 52.99%, 43.18%, 2.10%, and 1.73% of the shares, respectively. ## Frequent Personnel Changes in Recent Years Xinhua Fund has experienced frequent personnel changes in recent years. Over the past year, there have been changes in positions from chairman to general manager to vice president in charge of the market. In key positions, former chairman Yu Chunling resigned in December 2025 for personal reasons, and Yin Guohong, president of the shareholder Hongtai Securities, took over as chairman. Earlier, in January 2025, the former general manager Yang Jinliang resigned, and Hu Sanming took over as general manager. Also resigning in December 2025 was the vice president in charge of market operations, Wang Zhiguang. The announcement showed that Wang Zhiguang took office as vice president on November 14, 2024, and resigned on December 20, 2025, with a tenure of just over a year. Previously, the vice president Jiang Qian resigned in December 2024, having taken office in February 2024, with a tenure of only 10 months. In January 2025, another vice president and secretary of the board, Cui Fengtian, also resigned. Secretary Cui had taken office in June 2023, serving for just 1 year and 7 months. The frequent changes in senior management, along with short tenures, give the impression of instability and frequent personnel changes among executives ### Related Stocks - [601162.CN](https://longbridge.com/en/quote/601162.CN.md) ## Related News & Research - [Sugar Prices Slide as ISO Projects a Record Global Crop](https://longbridge.com/en/news/286799062.md) - [West Asia crisis: Global experts to brainstorm status of sugar industry](https://longbridge.com/en/news/286897851.md) - [CMOC Group (CMCLF): New Buy Recommendation for This Basic Materials Giant](https://longbridge.com/en/news/286625840.md) - [Ensuiko Sugar Refining's (TSE:2112) Earnings Are Of Questionable Quality](https://longbridge.com/en/news/286657884.md) - [3 Knights Dynamics Group Ltd - 3Knights Dynamics Group Limited Announces Us IPO Of 5,000,000 Class A Ordinary Shares - SEC Filing](https://longbridge.com/en/news/286893916.md)