--- title: "From Head of China Region to Releading the Wealth Management Subsidiary, Fan Hua Returns to BlackRock CCB Wealth Management" type: "News" locale: "en" url: "https://longbridge.com/en/news/289018950.md" description: "On June 5, the Shanghai Bureau of the National Financial Regulatory Administration issued an approval ratifying Fan Hua's appointment as General Manager of BlackRock CCB Wealth Management Co., Ltd" datetime: "2026-06-08T07:46:43.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289018950.md) - [en](https://longbridge.com/en/news/289018950.md) - [zh-HK](https://longbridge.com/zh-HK/news/289018950.md) --- # From Head of China Region to Releading the Wealth Management Subsidiary, Fan Hua Returns to BlackRock CCB Wealth Management On June 5, the Shanghai Bureau of the National Financial Regulatory Administration issued an approval ratifying Fan Hua's appointment as General Manager of BlackRock CCB Wealth Management Co., Ltd. **This new appointment is not Fan Hua’s first time leading BlackRock CCB Wealth Management:** Previously, Fan Hua was approved to serve as General Manager of BlackRock CCB Wealth Management in late 2022. In early 2024, as he was promoted to Head of BlackRock’s China Region and concurrently served as Chairman of BlackRock Fund, Zhang Pengjun succeeded him as General Manager of BlackRock CCB Wealth Management; In February this year, after Zhang Pengjun stepped down for personal reasons, Fan Hua resumed responsibility for related operations until officially receiving regulatory approval to once again assume the role of General Manager. **From a career perspective, Fan Hua possesses a composite background spanning international asset management institutions, sovereign wealth funds, and bank wealth management subsidiaries.** He worked at Goldman Sachs for over ten years in his early career, serving as Head of Global Risk Modeling, before joining China Investment Corporation, where he held leadership positions in departments including Asset Allocation and Fixed Income & Absolute Return Investment; In 2019, Fan Hua joined CMB Wealth Management as Chief Equity Investment Officer, and entered the BlackRock system in 2022. The finalization of this appointment signifies that Fan Hua has further returned to the frontline operations of BlackRock China’s core business. Over the past two years, BlackRock’s China region has undergone multiple rounds of management structure adjustments: In early 2024, BlackRock integrated its China operations, with Fan Hua appointed as Head of the China Region and concurrently serving as Chairman of BlackRock Fund, beginning to oversee the group’s public mutual fund, wealth management, and institutional business segments in China. **With his renewed concurrent role as General Manager of BlackRock CCB Wealth Management, his scope of responsibilities in the China region has further expanded, strengthening the coordinated management of BlackRock’s public mutual fund and wealth management businesses in China.** BlackRock CCB Wealth Management was established in 2021, jointly initiated by BlackRock, CCB, and Temasek, and is one of the first batch of joint-venture wealth management companies to land in China. As a significant attempt by foreign asset management institutions to participate in China’s wealth management market, BlackRock CCB Wealth Management has attracted market attention since its establishment; However, compared with state-owned large banks and joint-stock bank wealth management subsidiaries that have rapidly expanded by leveraging their parent banks’ channels, joint-venture wealth management companies as a whole remain in an exploratory development stage, facing varying degrees of competitive pressure in channel construction, customer acquisition, and product differentiation. Meanwhile, the domestic wealth management market has entered a phase of stock competition. Data from the Banking Wealth Management Registration and Custody Center shows that by the end of 2025, the outstanding scale of the bank wealth management market reached RMB 33.29 trillion. As the low-interest-rate environment persists, industry competition is gradually shifting from scale expansion to a contest of investment management capabilities and asset allocation capabilities. Against this backdrop, whether joint-venture wealth management companies with global asset management experience can form differentiated advantages has been a focus of market attention. Following Fan Hua’s return to the General Manager position, how he will promote the further integration of BlackRock’s global investment capabilities with the demands of the local wealth management market will also become a window for external observers to gauge the next stage of development for BlackRock CCB Wealth Management. ### Related Stocks - [601939.CN](https://longbridge.com/en/quote/601939.CN.md) - [BLK.US](https://longbridge.com/en/quote/BLK.US.md) - [00939.HK](https://longbridge.com/en/quote/00939.HK.md) - [GS.US](https://longbridge.com/en/quote/GS.US.md) - [BTX.US](https://longbridge.com/en/quote/BTX.US.md) - [BIT.RT*.US](https://longbridge.com/en/quote/BIT.RT*.US.md) - [BDJ.US](https://longbridge.com/en/quote/BDJ.US.md) - [BSTZ.US](https://longbridge.com/en/quote/BSTZ.US.md) - [BIT.RT.US](https://longbridge.com/en/quote/BIT.RT.US.md) - [W4VR.SG](https://longbridge.com/en/quote/W4VR.SG.md) ## Related News & Research - [BlackRock's Atlas freezes $1 billion in Brazil renewables investments](https://longbridge.com/en/news/288508929.md) - [China Construction Bank Updates Board Composition and Committee Roles](https://longbridge.com/en/news/288422940.md) - [Here's How Much $1000 Invested In BlackRock 20 Years Ago Would Be Worth Today](https://longbridge.com/en/news/286621160.md) - [BlackRock private credit fund valuation practices under investigation - report](https://longbridge.com/en/news/286621253.md) - [BlackRock $BLK Stock Holdings Lessened by Commonwealth of Pennsylvania Public School Empls Retrmt SYS](https://longbridge.com/en/news/288165752.md)